Shellz India Limited
Key dates
Issue reservation
₹60 CrLot ladder — how much to bid
1 lot = 800 sharesIssue details
Share-wise
by category| Category | Book Size | Subscription | No. of Times |
|---|---|---|---|
| HNI | 5,02,560₹9.00 Cr | 5,11,200₹9.15 Cr | 1.02× |
| HNI (10L+) | 3,35,040₹6.00 Cr | 4,00,800₹7.17 Cr | 1.20× |
| HNI (2-10L) | 1,67,520₹3.00 Cr | 1,10,400₹1.98 Cr | 0.66× |
| Retail | 11,72,640₹20.99 Cr | 5,04,000₹9.02 Cr | 0.43× |
| Total | 16,75,200₹29.99 Cr | 10,15,200₹18.17 Cr | 0.61× |
*QIB Book Size is Gross — the anchor allocation is not on this record yet.
Application-wise
| Category | Req 1× | Total | Times |
|---|---|---|---|
| Retail | 733 | 434 | 0.59× |
Total applications: 434
Subscription Demand
in ₹ crore| Category | Applied |
|---|---|
| HNI | 9.15 |
| HNI (10L+) | 7.17 |
| HNI (2-10L) | 1.98 |
| Retail | 9.02 |
| Total | 18.17 |
Amounts at the upper band (₹179). Times figures are computed from the shares this page shows so Book × Times = Subscribed always cross-checks.
Particulars | 30-Sep-25 | 31-Mar-25 | 31-Mar-24 | 31-Mar-23 |
Assets | 198.58 | 167.36 | 147.04 | 127.97 |
Total Income | 92.1 | 187.39 | 162.81 | 158.77 |
PAT | 6.19 | 8.3 | 5.25 | 3.19 |
Net Worth | 51.77 | 40.58 | 26.99 | 21.74 |
Reserves and Surplus | 51.04 | 39.89 | 26.35 | 21.1 |
Total Borrowings | 91.16 | 96.9 | 70.93 | 66.58 |
Repayment/Prepayment of Borrowings: Repayment or prepayment of outstanding borrowings (₹22.00 crore).
Working Capital Requirements: Funding incremental and ongoing working capital needs (₹23.00 crore).
General Corporate Purposes: Meeting general corporate and operational expenses.
Shellz India Ltd. is engaged in the manufacturing and marketing of over 250 SKUs across confectionery categories, including chocolates, jellies, baked treats, and other confectionery products. The company also manufactures and supplies food and bakery ingredients, catering to urban, semi-urban, and rural markets through an extensive distribution network.
The company markets its consumer products under two brands, Hugs and Tosca. Hugs targets the mass-market segment across four key categories, supported by over 200 super stockists and a presence across kirana outlets in approximately 24 states as of September 30, 2025. Tosca caters to the mass-premium segment, primarily targeting urban consumers with differentiated products and packaging.
Additionally, the company undertakes private-label manufacturing for third-party customers and exports its products to markets across the Middle East, Southeast Asia, and Europe, including Spain, diversifying its customer base and distribution channels.
Company strengths
Ability to develop differentiated products across diverse formats and price points
Strong presence in the mass-market segment, supported by a diversified product portfolio
Scalable market reach through a super stockist-led distribution network
Integrated in-house manufacturing capabilities
Strong in-house product development and innovation capabilities
Experienced promoters and a seasoned management team
Promoters
Registered office & contact
Shellz India Limited.
Address - 39/35, 2nd Floor, Main Rohtak Road,
Near Shivaji Park Metro Station, West Punjabi Bagh
Shivaji Park
West Delhi, New Delhi, 110026
📞 011 4850 4850
✉️ investor@shellz.in
Filed with SEBI / the exchange by the issuer. Opens on the issuer's or the regulator's site.
What is the minimum investment in the Shellz India Limited IPO?
One lot of 800 shares — ₹2,86,400 at the upper price band of ₹179.
How many bids can I place?
Up to 3 bids per application. Retail applications are capped at ₹2,00,000; above that you must apply in the HNI category.
When are the funds debited?
Funds are blocked via a UPI mandate at application and debited only on allotment. If shares are not allotted, the block is released automatically.
When will the shares list?
Tentative listing on 2026-10-23 on BSE SME.