Shellz India IPO
Shellz India opens for subscription on 15 Oct 2026 and closes on 19 Oct 2026, at a price band of ₹170 – ₹179 with a lot of 1600 shares. Listing is expected on 23 Oct 2026.
Updated 22 Oct 2026
Important dates
Opens
15 Oct 2026
Closes
19 Oct 2026
Allotment
21 Oct 2026
Listing
23 Oct 2026
IPO details
| Price band | ₹170 – ₹179 |
|---|---|
| Lot size | 1600 shares |
| Minimum investment | ₹2,86,400 |
| Issue size | ₹59.97 crore |
| Face value | ₹10 per share |
| Board | SME |
| Listing at | BSE SME |
| Retail quota | ₹59.97 |
| EPS | ₹15.37 |
| RoNW | 22.68% |
Grey market premium (GMP)
Last reported GMP: ₹5 (2.8%), an unofficial estimated listing price near ₹184 or about ₹8,000 per lot.
GMP is unregulated grey market chatter, not an exchange price, and it often swings or turns out wrong on listing day. SEBI cautions investors against relying on it. Read the GMP explainer.
Subscription status
Subscribed 0.89 times overall at the last update.
| Day | QIB | NII | Retail | Total |
|---|---|---|---|---|
| Day 1 | 0× | 2.03× | 0.65× | 0.76× |
| Day 2 | 0× | 2.18× | 0.85× | 0.89× |
| Day 3 | 0× | 4.85× | 3.27× | 2.67× |
Company financials (₹ crore)
| Year | Revenue | Expenses | Profit after tax |
|---|---|---|---|
| FY24 | 162.81 | 154.84 | 5.25 |
| FY25 | 187.39 | 174.77 | 8.3 |
| FY26 | 193.18 | 173.89 | 13.37 |
About Shellz India
Shellz India is one of the leading manufacturers, marketers, and suppliers of a wide range of confectionery products, food, and bakery ingredients in India. Its product range includes a total of 250 types of products across various categories, such as chocolate-based products, jellies, baked treats, and other confectionery formats. Moreover, the firm also manufactures and supplies food and bakery ingredients serving urban and semi-urban markets, as well as smaller towns and rural areas.
Shellz markets its products under 2 brands: Hugs and Tosca. Its Hugs brand offers 4 major product categories: baked treats, chocolate-based confectionery, jellies, and pan-and-sugar confectionery. While the Tosca brand offers premium products at a high price, it mostly serves urban consumers.
Objects of the issue
- Repayment or prepayment, in full or in part, of certain outstanding borrowings availed by our Company
- Funding our incremental working capital requirements and
- General corporate purposes
Allotment status and registrar
Bigshare Services Pvt.Ltd. is the registrar. After 21 Oct 2026, check your status with your PAN or application number on the registrar's site or the BSE/NSE allotment pages.
Registrar contact: +91-22-6263 8200 · ipo@bigshareonline.com
Lead managers and offer documents
- Socradamus Capital Pvt.Ltd.
Shellz India IPO: FAQs
When does the Shellz India IPO open and close?
The Shellz India IPO opens on 15 Oct 2026 and closes on 19 Oct 2026.
What is the Shellz India IPO price band?
The price band is ₹170 – ₹179 per share (face value ₹10).
What is the Shellz India IPO lot size?
One lot is 1600 shares, so the minimum investment is ₹2,86,400 at the upper price band.
When is the Shellz India IPO allotment date?
Allotment is expected on 21 Oct 2026. Check the status on the registrar's site (Bigshare Services Pvt.Ltd.) or the BSE/NSE allotment pages using your PAN.
When will Shellz India shares list?
Listing is expected on 23 Oct 2026 on BSE SME.
What is the Shellz India IPO GMP today?
The grey market premium was about ₹5 (2.8%) when this page was last updated, implying an unofficial estimated listing near ₹184. GMP is unregulated and can change quickly; do not rely on it.
Details are compiled from the offer documents and exchange disclosures via IPOWatch and may change or contain errors; verify in the RHP and on BSE/NSE before applying. This page is for information only and is not a recommendation to apply. Neminath Traders is not a SEBI-registered investment adviser. Read how to apply for an IPO.