Shree Balaji (Mala) Textiles SME IPO opens today; GMP signals 21% premium. Check key details

Shree Balaji (Mala) Textiles IPO: The issue is a fresh sale of 27 lakh equity shares priced at ₹66-70 apiece. The IPO was commanding a grey market premium (GMP) of about 21.4%, indicating positive investor sentiment. Retail investors need to apply for a minimum of 4,000 shares, translating into an investment of ₹2.8 lakh at the upper price band.