In April the firm said it raised 1.74 billion rupees through a private placement. The Colombo Stock Exchange said it had given the nod for the sale to open on July 07.
The firm is a joint venture between Hong Kong listed Pacific Textile Holdings and Sri Lanka's Brandix, a private firm.
Textured Jersey can knit, dye and finish 2.5 million metres of fabric a month at its facilities in Avissawella in Sri Lanka.
Textured Jersey makes knitted fabrics for lingerie and sportswear industries. Amongst its largest clients are Victoria's Secret, Marks & Spencer and Intimissimi.