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Shellz India IPO
Shellz India IPO
Overview
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.
Total Shares
33,50,400
Issue Size
₹60 Cr
Price Band
₹170 – ₹179
Lot Size
800 shares
Min. Investment
₹1,43,200
Max. Investment
₹1,43,200
Open Date
15 Oct, 2026
Close Date
19 Oct, 2026
Allotment
21 Oct, 2026
Listing
23 Oct, 2026
Max. Investment
₹1,43,200
Announced
15 Oct, 2026
Opening Date
15 Oct, 2026
Closing Date
19 Oct, 2026
Basis of Allotment
21 Oct, 2026
Initiation of Refunds
22 Oct, 2026
Credit of Shares
22 Oct, 2026
Listing Date
23 Oct, 2026
Apply via UPI in 5 minutes
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About Shellz India IPO
Shellz India Ltd. is engaged in the manufacturing and marketing of a wide range of confectionery products in India, supported by a diversified portfolio of over 250 SKUs. These offerings span across multiple categories, including chocolate-based products, jellies, baked treats, and other confectionery formats.
In addition, the company manufacture and supply food and bakery ingredients, catering to urban and semi-urban markets, as well as smaller towns and rural areas, leveraging an exte
Shellz India IPO Share Price
Issue Breakdown
Shareholding
Dilution: 38.4% increase in shares
Shellz India IPO Financial Health
Shellz India IPO Lot Size
Investors can bid for a minimum of 1,600 shares and in multiples of 800 shares thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (IND) (Min) | 2 | 1600 | ₹2,86,400 |
| Individual investors (IND) (Max) | 2 | 1600 | ₹2,86,400 |
| S-HNI (Min) | 3 | 2400 | ₹4,29,600 |
| S-HNI (Max) | 6 | 4800 | ₹8,59,200 |
| B-HNI (Min) | 7 | 5600 | ₹10,02,400 |
(All values in CR)
Shellz India IPO Valuations
| Metric | Value |
|---|---|
| ROE | 26.79 |
| ROCE | 18.23 |
| Debt/Equity | 1.76 |
| RoNW | 11.95 |
| PAT Margin | 6.73 |
| EBITDA Margin | 14.88 |
| NAV | 59.62 |
| P/B (x) | - |
(All values in CR)
Shellz India IPO Strength & Risk
Shellz India IPO Strength
Diversified confectionery portfolio across chocolates, candies, jellies and baked products.
Established brands, including Hugs and Tosca, targeting different consumer segments.
Integrated in-house manufacturing capabilities, supporting quality control and production efficiency.
Wide distribution network supported by super-stockists across domestic markets.
Product innovation capabilities to respond to changing consumer preferences.
Improved profitability, with FY2026 profit after tax rising to ₹12.36 crore from ₹8.30 crore in FY2025.
Shellz India IPO Risk
Changing consumer preferences may affect demand for its confectionery products.
High dependence on super-stockists, creating distribution concentration risk.
Top 10 customers contributed a significant share of revenue, increasing customer concentration risk.
High working capital requirements due to funds tied up in receivables and inventory.
Outstanding borrowings could increase interest costs and financial pressure.
Strong competition from established domestic and international confectionery brands.
Shellz India IPO GMP
Grey market trading for Shellz India SME IPO has commenced over the past 1 sessions. Due to limited historical data, initial trends are forming. Stay tuned for daily Shellz India SME IPO GMP updates, price trends, and expected listing estimates.
Last updated 12 Oct, 2026 · Source: aggregated grey-market dealers
| Date | IPO Price | GMP | Sub2 Sauda | Est. Listing | Est. Profit | Updated |
|---|---|---|---|---|---|---|
| 12 Oct, 2026 | 0 | ₹0 | - | ₹179 (0.00%) | - | 12 Oct, 2026 |
Disclaimer: GMP is an unofficial signal from grey-market dealers and is not regulated by SEBI. Use it alongside subscription data and other research for informed decision-making.
How to Apply for Shellz India IPO
Login to Your Trading App
Open Zerodha, Upstox, Groww, Angel One, or any brokerage app.
Go to IPO Section
Find Shellz India IPO under the IPO section. Select it and enter your bid details — choose lot size and price (cut-off price recommended).
Enter UPI ID and Submit
Provide your UPI ID linked to your bank account and submit the application.
Approve Mandate on UPI App
Open your UPI app (Google Pay, PhonePe, Paytm, BHIM) and approve the IPO payment request.
Application Confirmed
Your funds will be blocked in your account until the IPO allotment process is completed.
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