Shellz India IPO Subscription Status – Day 2
| Category | Day 1 | Day 2 | Day 3 |
| QIB | 0.00 | 0.00 | 0.00 |
| NII | 2.03 | 1.84 | 0.00 |
| RII | 0.65 | 0.72 | 0.00 |
| Total | 0.76 | 0.75 | 0.00 |
IPOWatch View
We recommend investors may apply for an IPO with Long-term Views. Investors should also look at the QIB, NII, and Retail numbers before investing.
The Shellz India IPO minimum market lot is 1600 shares with ā¹2,86,400 application amount. The Shellz India IPO is a SME IPO, and it is to be listed on BSE SME.
Business Overview
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.
Shellz India IPO Investor Categories
- Qualified Institutional Buyers (QIB): Financial Institutions, Banks, FIIs, and Mutual Funds
- Non-Institutional Investors(NII): Individual Investors, NRIs, Companies, Trusts, etc
- Retail Individual Investors (RII): Retail Individual Investors or NRIs
- Employee (EMP): Eligible Employees
- Others: Eligible Shareholders
Shellz India IPO Review and Rating
- May Apply For Long-term View
Shellz India IPO Form
How to apply for the Shellz India IPO? You can apply for Shellz India IPO via ASBA available in your bank account. Just go to the online bank login and apply via your bank account by selecting the Shellz India IPO in the Invest section. The other option is you can apply for Shellz India IPO via IPO forms downloaded online. Check out the Shellz India forms – Click IPO Forms blank IPO forms download, fill, and submit in your bank or with your broker.
