Shree Balaji (Mala) Textiles is set for its stock market debut today on the BSE SME platform. The company’s shares are showing a strong grey market premium of 80%. Its recent IPO received an overwhelming subscription of over 186 times overall. Proceeds from the issue will primarily strengthen the company’s working capital needs. Shree Balaji Textiles manufactures and distributes cotton sarees under the “Mala Saree” brand.
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