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Shellz India Ltd IPO

Listed SME BSE SME Bookbuilding IPO
Min Investment
₹2,86,400
800 shares · 1 lot

Shellz India Ltd IPO was priced at ₹170–₹179 per share with an issue size of ₹60 crore. The IPO opened on Oct 15, 2026 and closed on Oct 19, 2026, with a lot size of 800 shares and a minimum investment of ₹2,86,400.

Open
15 Oct
Close
19 Oct
Allotment
21 Oct
Refund
22 Oct
Listing
23 Oct

Market Sentiment

Grey Market Premium

Full history →
+₹21.25 +11.9%
Est. listing: ₹200
Updated 21 Oct 2026
GMP is an informal, unregulated grey-market figure. It is not a guaranteed listing price and can move sharply during the bidding window.

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IPO Details

Price Band ₹170.00 - ₹179.00 per share
Lot Size800 shares
Min Investment₹2,86,400
Total Issue Size ₹60.00 crore
Shares Offered33,50,400
Issue Structure Fresh Issue
Issue TypeBookbuilding IPO
Lead Manager(s)Socradamus Capital Pvt.Ltd.
RegistrarBigshare Services Pvt.Ltd.
Listing AtBSE SME

Quick Profit Calculator

Issue price ₹179 · lot size 800 shares · estimated listing price ₹200 (GMP +₹21)

Category Lots Shares Investment Value at listing Profit
Retail (Min) 1 800 ₹1,43,200 ₹1,60,200 +₹17,000
S-HNI (Min) 2 1,600 ₹2,86,400 ₹3,20,400 +₹34,000
S-HNI (UPI limit) 3 2,400 ₹4,29,600 ₹4,80,600 +₹51,000
S-HNI (Max) 6 4,800 ₹8,59,200 ₹9,61,200 +₹1,02,000
B-HNI (Min) 7 5,600 ₹10,02,400 ₹11,21,400 +₹1,19,000
Estimated from the grey market premium, an informal and unregulated figure that moves sharply and frequently differs from the eventual listing price. Not a forecast. Assumes full allotment, which is rarely guaranteed when an issue is oversubscribed.

Financial Analysis

EPS
₹15.34
P/E (Post)
13.24 x
RoNW
6.47%
RoCE
4.69%
Net Worth
₹63.03 Cr
MetricLatest Reported
Total Income₹47.43 Cr
Profit After Tax₹4.08 Cr
Net Worth₹63.03 Cr

Promoters & Holding

Promoters: Kapil Garg and Shalini Garg

Promoter Holding (Pre-Issue)8811704%
Promoter Holding (Post-Issue)12067104%

Strengths & Risks

Strengths

  • Super stockist-led distribution model enabling scalable market reach.
  • Ability to develop differentiated products across formats and price points.
  • In-house product development capabilities supported by technical expertise.
  • Presence in the mass-market segment supported by a diversified product portfolio.
  • Integrated in-house manufacturing capabilities with a focus on scalability and process control.

Risks & Concerns

  • Dependence on third-party suppliers for raw materials.
  • Intense competition in the packaged foods industry.
  • Fluctuations in raw material prices.
  • Regulatory changes affecting food safety and quality standards.
Summarised from the company's own DRHP/RHP disclosures. Informational only, not investment advice — always read the full prospectus before applying.

Company Information

Shellz India Limited is engaged in the manufacturing and marketing of confectionery products and the manufacturing and supply of food and bakery ingredients.

Founded2012-05-01
HeadquartersWest Delhi, New Delhi
IndustryPackaged Foods
Websitehttps://www.shellz.in/

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
  • General corporate purposes

Registrar & Allotment

RegistrarBigshare Services Pvt.Ltd.
Phone8657578989/8069219065/8069219060
Email[email protected]

Resources & Documents

Frequently Asked Questions

11 answers about Shellz India Ltd IPO — dates, pricing, allotment and listing.

Shellz India Ltd IPO is a bookbuilding ipo of ₹60 crore. The issue was priced at ₹170–₹179 per share, with a lot size of 800 shares. Bidding ran from Thu, 15 Oct 2026 to Mon, 19 Oct 2026, with shares listed on BSE SME.

The price band was ₹170–₹179 per share.

One lot was 800 shares. Bids had to be placed in multiples of 800.

A retail investor needed at least ₹2,86,400 – one lot of 800 shares at ₹179, the upper end of the price band.

Shellz India Ltd IPO opened on Thu, 15 Oct 2026 and closed on Mon, 19 Oct 2026.

Allotment was finalised on Wed, 21 Oct 2026.

Shellz India Ltd shares were listed on Fri, 23 Oct 2026 on BSE SME.

The company intended to use the net proceeds towards 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.

Socradamus Capital Pvt.Ltd. is the book running lead manager. Bigshare Services Pvt.Ltd is the registrar to the issue.

Category-wise demand from retail, NII and QIB bidders is on the Shellz India Ltd IPO subscription page, and on the BSE and NSE websites.

From Wed, 21 Oct 2026, check the Shellz India Ltd IPO allotment status using your PAN, application number or DP ID – also available on the registrar's website.