Shree Balaji Mala IPO GMP at 27% ahead of July 22 issue opening

Shree Balaji (Mala) Textiles Ltd. IPO has a grey market premium of 27 percent ahead of its July 22 opening. The company aims to raise Rs 18.9 crore through this fresh issue. Investors showed interest as the shares trade at a Rs 19 premium, reflecting positive sentiment for the textile player.