Shellz India IPO
Closed TodayBSE SMEListing at: BSE SME • 39/35, 2nd Floor, Main Rohtak RoadNear Shivaji Park Metro Station, West Punjabi BaghShivaji ParkWest Delhi, New Delhi, 110026
Disclaimer: GMP values change dynamically. This data is strictly for educational purposes only and not an investment advice.
Shellz India IPO GMP History
Genuine daily snapshots retained by the WeeStox backendDisclaimer: GMP values change dynamically. This data is strictly for educational purposes only and not an investment advice.
| GMP date | IPO price | GMP | Premium | Est. profit / lot | Subscription | Movement |
|---|---|---|---|---|---|---|
| 18 Oct 2026 | ₹179 | +₹25 | 13.97% | +₹20,000 | 0.89x | ↑ Up |
| 17 Oct 2026 | ₹179 | +₹23 | 12.85% | +₹18,400 | 0.89x | ↑ Up |
| 16 Oct 2026 | ₹179 | ₹0 | 0.00% | +₹0 | 0.89x | Flat |
| 15 Oct 2026 | ₹179 | ₹0 | 0.00% | +₹0 | 0.76x | Flat |
| 14 Oct 2026 | ₹179 | ₹0 | 0.00% | +₹0 | - | Flat |
| 13 Oct 2026 | ₹179 | ₹0 | 0.00% | +₹0 | - | Flat |
| 12 Oct 2026 | ₹179 | ₹0 | 0.00% | +₹0 | - | Flat |
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Shellz India IPO Details
| IPO Date | 15 Oct 2026 to 19 Oct 2026 |
| Listing At | BSE SME |
| Face Value | ₹10 per share |
| Price Band | ₹179 |
| Lot Size | 800 Shares |
| Total Issue Size | ₹59.97 Cr(₹1,255.57 Cr) |
| Fresh Issue | 33.50L shares (₹54 Cr) |
| Offer for Sale (OFS) | Nil |
| Issue Type | SME Issue |
Shellz India IPO Timetable
| IPO Open Date | 15 Oct 2026 |
| IPO Close Date | 19 Oct 2026 |
| Basis of Allotment | 21 Oct 2026 |
| Initiation of Refunds | 22 Oct 2026 |
| Credit of Shares to Demat | 22 Oct 2026 |
| Listing Date | 23 Oct 2026 |
| Cut-off time for UPI Mandate | 5 PM on 19 Oct 2026 |
| Employee Discount | ₹20.00/share (Up to 52,083 shares) |
Shellz India IPO Reservation
| Category | Reservation | Shares Offered |
|---|---|---|
| QIB Shares OfferedIncludes Anchor Portion | ≤ 50.00% | – |
| − Anchor Portion | Up to 60% of QIB | – |
| NII (HNI) Shares OfferedsNII (1/3) + bNII (2/3) | ≥ 15.00% | – |
| Retail Shares Offered | ≥ 35.00% | – |
Shellz India Anchor Details
Shellz India IPO Lot Size
| Application | Lots | Shares | Amount (Cut-off) | Reserved Applications |
|---|---|---|---|---|
| Individual investors (IND) (Min) | 2 Lots | Shares | ₹2,86,400 | – |
| Individual investors (IND) (Max) | 2 Lots | Shares | ₹2,86,400 | – |
| S-HNI (Min) | 3 Lots | Shares | ₹4,29,600 | – |
| S-HNI (Max) | 6 Lots | Shares | ₹8,59,200 | – |
| B-HNI (Min) | 7 Lots | Shares | ₹10,02,400 | – |
Shellz India Promoter Holding
| Pre-Issue Holding | Disclosed in RHP |
| Post-Issue Holding | To be calculated |
Shellz India IPO Live Subscription Status
Bidding demand breakdown by shares, institutional demand in ₹ Cr, applications & HNI funding cost| Investor Category | Shares Offered | Shares Bidded | Subscription Times |
|---|---|---|---|
| QIBs | 6,04,800 | – | 0.00x |
| HNIs | 4,53,600 | 9,87,200 | 2.18x |
| bHNI | 3,02,400 | 8,36,000 | 2.76x |
| sHNI | 1,51,200 | 1,51,200 | 1.00x |
| Individual | 10,57,600 | 9,02,400 | 0.85x |
| Total | 21,16,000 | 18,89,600 | 0.89x |
Shellz India Limited Financial Information (Restated Consolidated in ₹ Crores)
| Period Ended | Assets | Total Income | Profit After Tax | EBITDA | Net Worth | Total Borrowing |
|---|---|---|---|---|---|---|
| 30 Jun 2026 | ₹229.36 Cr | ₹47.43 Cr | ₹4.08 Cr | ₹8.52 Cr | ₹63.03 Cr | ₹108.56 Cr |
| 31 Mar 2026 | ₹213.72 Cr | ₹193.18 Cr | ₹13.37 Cr | ₹30.15 Cr | ₹58.95 Cr | ₹100.83 Cr |
| 31 Mar 2025 | ₹167.36 Cr | ₹187.39 Cr | ₹8.30 Cr | ₹22.79 Cr | ₹40.58 Cr | ₹78.18 Cr |
| 31 Mar 2024 | ₹147.04 Cr | ₹162.81 Cr | ₹5.25 Cr | ₹18.94 Cr | ₹26.99 Cr | ₹70.93 Cr |
Shellz India Key Valuation & Financial KPIs
Shellz India IPO Analysis
Review the company's key advantages and material business risks.
Strengths & Positives
Competitive advantages and operational merits
The company markets its consumer products under two brands, "Hugs" and "Tosca". The Hugs portfolio is positioned largely at mass-market price points, with a majority of products priced at ₹10 or below, while Tosca targets mass-premium segments through e-commerce and quick commerce channels.
In addition to its own brands, the company undertakes private label manufacturing for third-party customers and exports products to international markets, including the Middle East, South Asia and Europe.
Differentiated Products Across Formats: The company develops differentiated confectionery products across formats, categories and price points, supported by an in-house team of food and packaging technologists. Products such as Dip Sticks and Push Up reflect its focus on developing formats beyond traditional confectionery offerings.
Mass-Market Price Positioning: A significant portion of the product portfolio is positioned at mass-market price points, with a majority of SKUs priced at ₹10 or below, aligning with India's confectionery consumption patterns driven by affordability and frequent, impulse-led purchases.
Super Stockist-Led Distribution: Products are distributed through a network of over 300 super stockists, enabling wide geographic presence across multiple states without maintaining a direct, on-ground retail salesforce, supporting scalable and cost-efficient market reach.
Inability to Anticipate Consumer Preferences: The company's success depends on anticipating and adapting to evolving consumer tastes in the price-sensitive confectionery segment; failure to maintain quality consistency or respond to trends could reduce demand, brand loyalty and sales.
Significant Indebtedness and Repayment Delays: As of June 30, 2026, total sanctioned and outstanding indebtedness was ₹11,283.04 lakhs and ₹10,949.12 lakhs respectively, with a debt-equity ratio of 1.72 times; certain delays in repayment have been reported in credit history records, and one unsecured loan has been recalled by a lender.
Outstanding Legal Proceedings: The company, its subsidiaries, group companies, promoters and directors are involved in outstanding legal proceedings, including litigation against the company totalling ₹2,628.04 lakhs; adverse outcomes could materially affect business, results of operations and financial condition.
About Shellz India Limited
Shellz India IPO is a book build issue of ₹59.97 crores. The issue is entirely a fresh issue of 33.50 lakh shares of ₹59.97 crore.Shellz India IPO opens for subscription on Oct 15, 2026 and closes on Oct 19, 2026. The allotment for the Shellz India IPO is expected to be finalized on Oct 21, 2026. Shellz India IPO will list on the BSE SME with a tentative listing date fixed as Oct 23, 2026.Shellz India IPO is set issue price band at ₹170 to ₹179 per share. The lot size for an application is 800 shares. The minimum amount of investment required by an individual investor (retail) is ₹2,86,400 (1,600 shares) (based on upper price). The minimum lot size for investment in HNI is 3 lots (2,400 shares), amounting to ₹4,29,600.Socradamus Capital Pvt.Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue. The Market Maker of the company is Mansi Share & Stock Broking Pvt.Ltd.Refer to Shellz India IPO RHP for detailed Information.
Shariah Compliance Screening (AAOIFI Standard 21)
Shellz India IPO Documents & Reports
Official prospectus, reports and regulatory filings| Document Title | Authority / Host | Status | Action |
|---|---|---|---|
Red Herring Prospectus (RHP) Complete offer document filed with ROC & SEBI | SEBI / ROC | Available | View RHP |
Draft Red Herring Prospectus (DRHP) Initial regulatory draft submitted for public comments | SEBI Filings | Filed | View DRHP |
Anchor Investor Allocation Report Allotment list to institutional bidders | BSE / NSE Circular | N/A | Not Applicable |
IPO Allotment Status & Basis of Allotment Registrar query portal via PAN / Application No. | Bigshare Services | Live Portal | Check Allotment |
Corporate Website & Investor Relations Official portal and financial reports | Issuer Portal | Active | Visit Portal |
Shellz India IPO Registrar & Lead Managers
- Socradamus Capital Pvt.Ltd.
39/35, 2nd Floor, Main Rohtak RoadNear Shivaji Park Metro Station, West Punjabi BaghShivaji ParkWest Delhi, New Delhi, 110026
Shellz India IPO FAQs
What is IPO GMP, and does it guarantee a listing gain?
Grey market premium is an unofficial price indication outside the exchange. It can change quickly and does not guarantee the exchange listing price, liquidity or a profit. Read it alongside the prospectus, valuation, financials and risks.
How do I check Shellz India IPO allotment status?
Open the individual IPO report and check its allotment update and registrar details. Confirm your application outcome through the official registrar or exchange service. A scheduled allotment date is not confirmation that allotment has been declared.
What does IPO subscription mean?
Subscription compares shares bid for with shares offered in a category. For example, 2 times subscription means bids for twice the available shares in that category. Retail, institutional and other categories can have different demand; subscription alone does not establish investment quality.
How is an indicative IPO listing price calculated from GMP?
A commonly used illustration adds reported GMP to the issue price, or upper price band before the final price is known. It is a sentiment illustration, not an exchange quote or reliable forecast. Missing GMP should not be interpreted as zero.
Where can I find IPO dates, price bands and lot sizes?
The individual IPO report brings together available issue dates, price bands, lot sizes, subscription and company details. Check the final prospectus and exchange announcements before applying because issue terms can change.