
Fast Moving Consumer Goods (FMCG) · BSE
Shellz India Ltd. is engaged in the manufacturing and marketing of a wide range of confectionery products in India, with a diversified portfolio of over 250 SKUs across categories such as chocolate-based products, jellies, baked treats, and other confectionery items. The company also manufactures and supplies food and bakery ingredients, catering to urban, semi-urban, and rural markets through a strong distribution network. Its consumer products are marketed under two key brands—“Hugs,” which targets the mass market with offerings across baked goods, chocolates, jellies, and sugar confectionery, and “Tosca,” positioned in the mass-premium segment with differentiated products and packaging for urban consumers. As of September 30, 2025, its products are distributed through more than 200 super stockists and are available across kirana stores in around 24 states. In addition to its branded business, the company undertakes private label manufacturing for third parties and exports its products to regions including the Middle East, Southeast Asia, and Europe, supporting diversification across markets and revenue streams.
Price Band
₹170 – ₹179
Issue Size
₹59.97 Cr
Lot Size
800 shares
GMP
+3.3%
Est. Listing
₹184.95
at current GMP
Subscribed
58.70x
overall
Open
15 Oct 2026
Close
19 Oct 2026
Allotment
21 Oct 2026
Refund
22 Oct 2026
Demat Credit
23 Oct 2026
Listing
23 Oct 2026
Last updated: 23 Oct 2026
Current Premium
Issue Price (Upper)
₹179
Band: ₹170 – ₹179
Estimated Listing Price
₹184.95
Upper price + GMP
Lot Size
800 shares
Min investment ₹1,43,200
Estimated Profit / Lot
₹4,760
800 × ₹5.95
Grey Market Premium trend
—
▲ 0 today
Updated 9 days ago
| Date | GMP (₹) | GMP % | Est. Listing |
|---|---|---|---|
| 31 Mar 2026 | — | 0.0% | ₹179 |
| 12 Oct 2026 | — | 0.0% | ₹179 |
| 14 Oct 2026 | — | 0.0% | ₹179 |
| 15 Oct 2026 | — | 0.0% | ₹179 |
| 16 Oct 2026 | — | 0.0% | ₹179 |
| 18 Oct 2026 | +₹24 | 13.4% | ₹203 |
| 19 Oct 2026 | +₹39.1 | 21.8% | ₹218.1 |
| 20 Oct 2026 | +₹29.75 | 16.6% | ₹208.75 |
| 21 Oct 2026 | +₹21.25 | 11.9% | ₹200.25 |
| 22 Oct 2026 | +₹5.95 | 3.3% | ₹184.95 |
| 23 Oct 2026 | +₹5.95 | 3.3% | ₹184.95 |
GMP is unofficial market data. Not a guarantee of listing performance.
Shellz India Limited is bringing an initial public offering (IPO) in the Fast Moving Consumer Goods (FMCG) sector with an aggregate issue size of ₹59.97 Crores. The shares are offered at a price band of ₹170 to ₹179 per equity share on BSE. Currently, traders and retail applicants are calculating expected listing gains and break-even points based on unofficial grey market quotations.
Prospective investors can apply in the retail quota with a minimum of 1 lot comprising 800 shares (approx. ₹1,43,200 minimum investment). High net-worth individuals (HNI/NII) can bid in the sHNI (₹2 Lakh to ₹10 Lakh) or bHNI (above ₹10 Lakh) categories for enhanced quota allocation.
Allotment reconciliation will be managed by Bigshare Services Private Limited. Eligible allottees will receive credit of equity shares into their Demat accounts by 2026-10-23, while un-allotted funds or UPI block mandates will be released on 2026-10-22.
The latest grey market premium for Shellz India Limited IPO is ₹5.95, which indicates an expected listing price of ₹184.95.
Kostak rate is the profit amount an investor earns by selling their entire IPO application in the grey market before allotment is finalized.
No. GMP is an unofficial indicator discovered between dealers outside of SEBI-regulated exchanges. Actual listing price is determined by demand-supply discovery on NSE/BSE during the pre-open auction.