
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
Overall Subscription
58.70x
Total Demand
QIB Multiplier
41.92x
Institutions & Funds
NII / HNI
87.14x
High Net-Worth
Retail (RII)
56.09x
Individual Bidders
Live bidding breakdown by institutional, non-institutional, and retail investors
| Category | Shares Offered | Shares Applied / Bid | Times Subscribed |
|---|---|---|---|
| QIB | 604,800 | 25,352,000 | 41.92x |
| NIB | 453,600 | 39,527,200 | 87.14x |
| HNIs(10L +) | 302,400 | 30,091,200 | 99.51x |
| HNIs (2-10L) | 151,200 | 9,436,000 | 62.41x |
| RETAIL | 1,057,600 | 59,323,200 | 56.09x |
| Total | 2,569,600 | 163,729,600 | 58.70x |
Total unique applications received across retail and HNI tranches
| Category | Applications Reserved | Applications Received | Times Subscribed |
|---|---|---|---|
| RETAIL | 661 | 37,077 | 56.09x |
| HNIs(10L +) | 126 | 5,189 | 41.18x |
| HNIs (2-10L) | 63 | 3,833 | 60.84x |
| Total Applications | 850 | 46,099 | 54.23x |
Track continuous institutional and retail bidding order books for all active issues on the ipo live subscription feed.
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 (GMP) for Shellz India Limited IPO is ₹5.95 per equity share. Based on the upper price band of ₹170 to ₹179 per equity share, the estimated listing price is ₹184.95 (+3.3% expected listing gain).
With a lot size of 800 shares and current GMP of ₹5.95, the expected profit per application lot is approx ₹4,760 (+3.3% gain). Minimum application cost is approx ₹1,43,200.
The Shellz India Limited IPO aggregate issue size is ₹59.97 Crores with an equity price band set at ₹170 to ₹179 per equity share. The retail lot size is 800 shares requiring a minimum capital outlay of approx. ₹1,43,200.
Live subscription figures are compiled real-time from the NSE and BSE bidding engines. Currently, overall subscription is 58.70x (Retail: 56.09x, QIB: 41.92x, NII: 87.14x). You can track live multiples directly on our dedicated subscription page.
The basis of allotment will be published on the official registrar portal (Bigshare Services Private Limited) and the BSE status verification website on or around 2026-10-21. Investors can verify status using PAN card or application number.
Shellz India Limited shares are scheduled to list on BSE on 2026-10-23.