Bookbuilding IPO | ₹[.] Cr | Listing at BSE SME |
Shellz India Ltd. has filed a Draft Red Herring Prospectus (DRHP) with the exchange on March 30, 2026 to raise funds through Initial Public Offer (IPO).
Shellz India Ltd. IPO is a Book Build Issue consisting solely of fresh issue of upto 0.40 crore equity shares.
The equity shares are proposed to be listed on the BSE SME. Socradamus Capital Pvt.Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue. Key details like IPO dates, IPO price bands and lot size are yet to be announced.
Refer to Shellz India IPO DRHP for more details.
| IPO Date | [.] |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price Band | |
| Lot Size | |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Total Issue Size | 40,00,000 shares (agg. up to ₹[.] Cr) |
| Fresh Issue | 40,00,000 shares (agg. up to ₹[.] Cr) |
| Share Holding Pre Issue | 87,16,704 shares |
| Share Holding Post Issue | 1,27,16,704 shares |
| Description | Date |
|---|---|
| Filed with SEBI/Exchange | Mon, Mar 30, 2026 |
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50% of the Net Issue |
| Retail Shares Offered | Not less than 35% of the Net Issue |
| NII Shares Offered | Not less than 15% of the Net Issue |
Shellz India Ltd. is engaged in the manufacturing and marketing of a wide range of confectionery products in India, supported by a diversified portfolio of over 250 SKUs. These offerings span across multiple categories, including chocolate-based products, jellies, baked treats, and other confectionery formats.
In addition, the company manufacture and supply food and bakery ingredients, catering to urban and semi-urban markets, as well as smaller towns and rural areas, leveraging an extensive distribution network.
It market its consumer products under two key brands: Hugs and Tosca. The flagship Hugs brand is positioned for the mass market and includes products across four primary categories: baked treats, chocolate-based confectionery, jellies, and panned and sugar confectionery. As of September 30, 2025, its products are distributed through a network of over 200 super stockists and are available across kirana outlets in approximately 24 states. The Tosca brand is positioned toward the mass-premium segment, offering products at relatively higher price points. This brand targets urban consumers with differentiated formats and packaging.
In addition to the branded consumer business, the business also undertake private label manufacturing for third-party customers. Furthermore, the company export its products to international markets, including regions in the Middle East, Southeast Asia, and Europe (including Spain). These additional channels complement its core operations, enabling diversification across customers, product categories, and distribution channels.
Competitive strengths
| Period Ended | 30 Sep 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Assets | 198.58 | 167.36 | 147.04 | 127.97 |
| Total Income | 92.10 | 187.39 | 162.81 | 158.77 |
| Profit After Tax | 6.19 | 8.30 | 5.25 | 3.19 |
| EBITDA | 13.67 | 22.79 | 18.94 | 15.31 |
| NET Worth | 51.77 | 40.58 | 26.99 | 21.74 |
| Reserves and Surplus | 51.04 | 39.89 | 26.35 | 21.10 |
| Total Borrowing | 91.16 | 96.90 | 70.93 | 66.58 |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Repayment or prepayment, in full or in part, of certain outstanding borrowings availed by our Company | 22.00 |
| 2 | Funding our incremental working capital requirements and | 23.00 |
| 3 | General corporate purposes | |
| Total | 45.00 |
| KPI | Sep 30, 2025 | Mar 31, 2025 |
|---|---|---|
| ROE | 26.79% | 24.57% |
| ROCE | 18.23% | 17.50% |
| Debt/Equity | 1.76 | 1.93 |
| RoNW | 11.95% | 20.46% |
| PAT Margin | 6.73% | 4.44% |
| EBITDA Margin | 14.88% | 12.19% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 88.11% |
Lead Manager Reports
Shellz India IPO is a SME IPO of 40,00,000 equity shares of the face value of ₹10 aggregating up to ₹[.] Crores. The issue is priced at To be declared. The minimum order quantity is .
The Shellz India IPO open and close dates are not available as of now.
Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Shellz India IPO using UPI as a payment gateway. Zerodha customers can apply in Shellz India IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Shellz India IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Shellz India IPO dates are not announced. Please check back again after some time.
Shellz India IPO lot size and the minimum order quantity is not available at this time. Please check again later.
You can apply in Shellz India IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Shellz India IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Shellz India IPO allotment status.
The Shellz India IPO listing date is not yet announced. The tentative date of listing is .
