Shree Balaji (Mala) Textiles SME IPO listing: Shares hit lower circuit on profit booking after listing at a 90% premium

Shree Balaji (Mala) Textiles share price was listed at ₹133, a 90% premium to the issue price of ₹ 70. However, soon after listing, the stock witnessed strong profit booking, which drove it to a 5% lower circuit to ₹126.35.