IPO profile
Shellz India Limited
SHELLZ · BSE
- Price band
- ₹170 - ₹179
- Subscription
- Not available
Application & Issue Details
- Minimum Quantity
- 800 shares
- Minimum Application
- ₹1,43,200
- Issue Size
- Rs. 60 Cr
- Face Value
- Not available
Company Overview
Shellz India is a manufacturer of confectionery products operating primarily in the mass-market segment with price points below ₹10. The company caters to price-sensitive consumers across Tier II and Tier III cities, maintaining a significant geographic focus on the North Indian market, which contributes the majority of its sales. Its core product portfolio comprises baked treats, choco delights, jellies, panned and sugar candies, alongside food and bakery ingredients. The business generates revenue mainly through the sale of these products under its primary brands, Hugs and Tosca. To reach consumers, the company relies on a distribution network of super stockists who supply local distributors, wholesalers, and retail outlets. Shellz India conducts manufacturing operations from its Delhi facility, while working to consolidate production capacity at a new facility in Sonipat, Haryana. Furthermore, it has undertaken backward integration by producing packaging materials in-house for captive consumption.
Important Dates
- Open Date
- 15 Oct 2026
- Close Date
- 19 Oct 2026
- Allotment Date
- Not available
- Listing Date
- 23 Oct 2026
Issue Timeline
- Issue open date
- Issue close date
- UPI mandate deadline
- Allotment finalization
- Refund initiation
- Share credit
- Listing date
- Mandate end date
- Lock-in end date for anchor investors (50%)
- Lock-in end date for anchor investors (remaining)
Subscription
Subscription data not available yet.
Actual Listing Performance
- Listing Date
- 23 Oct 2026
- Actual Listing Price
- ₹179
- Gain/Loss Per Share
- ₹0
- Gain/Loss Per Lot
- ₹0
- Listing Gain/Loss %
- 0.00%
- Measured Against
- ₹179
- Lot Size
- 800 shares
Historical result from the reported listing price, compared with the upper price band (final issue price not reported). Excludes brokerage, taxes and charges.
Company Strengths & Risks
Reported strengths
- Diverse confectionery product portfolio.
- Extensive North Indian distribution network.
- Efficient in-house packaging capabilities.
- Strong mass-market segment presence.
- Significant capacity with expansion plans.
Key risks
- Heavy reliance on North Indian markets.
- Intense mass-market pricing competition.
- Vulnerability to raw material cost volatility.
- Lack of long-term customer/supplier contracts.
- Regulatory compliance and licensing risks.
Company strengths and risks are informational summaries. Review the offer document for complete disclosures.
Documents & Coverage
IPO data last updated 25 Oct 2026, 8:02 pm IST · GMP: ipoalerts · listing price: NSE/BSE
This page is for informational and educational purposes only. It is not investment advice and not a recommendation to buy, sell, or apply for this IPO. GMP and subscription figures are unofficial/may change. Please make your own independent decision.