Shellz India IPO Details
| IPO Open Date | October 15, 2026 |
| IPO Close Date | October 19, 2026 |
| Face Value | ₹10 Per Equity Share |
| IPO Price Band | ₹170 to ₹179 Per Share |
| Issue Size | Approx ₹59.97 Crores |
| Fresh Issue | Approx ₹59.97 Crores |
| Offer for Sale: | Approx [.] Equity Shares |
| Issue Type | Book Building Issue |
| IPO Listing | BSE SME |
| DRHP Draft Prospectus |  |
| RHP Draft Prospectus | |
Shellz India IPO Review & Key Points
- Review:
Shellz India IPO Market Lot
The Shellz India IPO minimum market lot is 1600 shares with ₹2,86,400 application amount.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 2 | 1600 | ₹2,86,400 |
| Retail Maximum | 2 | 1600 | ₹2,86,400 |
| S-HNI Minimum | 3 | 2400 | ₹4,29,600 |
| S-HNI Maximum | 6 | 4800 | ₹8,59,200 |
| B-HNI Minimum | 7 | 5600 | ₹10,02,400 |
IPO Reservation
| Investor Category | Share Offered | -% Shares |
| Anchor Investor | – Shares | -% |
| QIB (Ex. Anchor) | – Shares | 50% |
| NII Shares Offered | – Shares | 15% |
| Retail Shares Offered | – Shares | 35% |
Shellz India IPO Anchor Investors
| Anchor Bidding Date | 2026 |
| Anchor Investors List | |
| Shares Offered | [.] Shares |
| Anchor Size | [.] Cr. |
| lock-in period end date 50% shares (30 Days) | 2026 |
| lock-in period end date 50% shares (90 Days) | 2026 |
Shellz India IPO Dates
The Shellz India IPO date is October 15 and the close date is October 19. The Shellz India IPO allotment will be finalized on October 21 and the IPO listing on October 23.
| IPO Open Date: | October 15, 2026 |
| IPO Close Date: | October 19, 2026 |
| Basis of Allotment: | October 21, 2026 |
| Refunds: | October 22, 2026 |
| Credit to Demat Account: | October 22, 2026 |
| IPO Listing Date: | October 23, 2026 |
Promoters and Holding Pattern
The promoters of the company are Kapil Garg and Shalini Garg.
| Particular | Pre IPO Shares | Pre IPO % Shares | Post IPO Shares | Post IPO % Shares |
| Promoter and Promoter Group | 88.11% | – | 63.64% | |
| Others* | – | 11.89% | – | 36.36% |
| Total | 87,16,704 | 100% | 1,20,67,104 | 100% |
Objects of the Issue & Utilisation of proceeds
| Purpose | Crores |
| Repayment or prepayment, in full or in part, of certain outstanding borrowings availed by our Company | ₹22.00 |
| Funding our incremental working capital requirements and | ₹23.00 |
| General corporate purposes | ₹- |
About Shellz India IPO
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 Company Financial Report
Amount ₹ in Crores
| Period Ended | Revenue | Expense | PAT | Assets |
| 2024 | ₹162.81 | ₹154.84 | ₹5.25 | ₹147.04 |
| 2025 | ₹187.39 | ₹174.77 | ₹8.30 | ₹167.36 |
| 2026 | ₹193.18 | ₹173.89 | ₹13.37 | ₹213.72 |
| June 2026 | ₹47.43 | ₹41.60 | ₹4.08 | ₹229.36 |
Shellz India IPO Valuation – FY2026
Check Shellz India IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| KPI | Values |
| ROE: | 26.87% |
| ROCE: | 19.11% |
| EBITDA Margin: | 15.65% |
| PAT Margin: | 6.94% |
| Debt to equity ratio: | 1.71 |
| Earning Per Share (EPS): | ₹15.37 (Basic) |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 22.68% |
| Net Asset Value (NAV): | ₹67.63 |
Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
| Annapurna Swadisht Limited | 14.38 | 8.66 | 9.50% | 151.33 | – Cr. |
IPO Lead Managers aka Merchant Bankers
- Socradamus Capital Pvt.Ltd.
Company Address
Shellz India Ltd.
39/35, 2nd Floor, Main Rohtak Road,
Near Shivaji Park Metro Station, West Punjabi Bagh
Shivaji Park
West Delhi, New Delhi, 110026
Phone: 011 4850 4850
Email: [email protected]
Website: https://www.shellz.in/
IPO Registrar
Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email: [email protected]
Website: https://ipo.bigshareonline.com/IPO_Status.html
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Note: The Shellz India IPO price band and date are officially announced. The (Shellz India IPO grey market premium) will be added to the IPO GMP page as it will start).
