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Home/Business/Shellz India SME IPO Opens: ₹59.97 Cr BS…

Shellz India SME IPO Opens: ₹59.97 Cr BSE Offering Details

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By Business Desk•
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A digital graphic showing a stock market chart overlaying a background of various confectionery and bakery products.

Shellz India Limited IPO subscription window on the BSE SME platform.

Key Highlights

Shellz India SME IPO is open on the BSE platform to raise ₹59.97 crore. Check price band, lot size, dates, and financial details before investing.

Confectionery and bakery ingredient maker Shellz India Limited has launched its initial public offering to raise approximately ₹59.97 crore on the SME platform. The subscription window runs from October 15, 2026, to October 19, 2026.

Key Figures And Dates

  • Price band: ₹170 to ₹179 per share
  • Lot size: 1,600 shares
  • Minimum investment: ₹2,86,400
  • Listing date: October 23, 2026

The company reserves 50 percent for , 15 percent for Non-Institutional Investors, and 35 percent for Individual Investors. Shellz India markets roughly 250 products across urban, semi-urban, and rural markets under the Hugs and Tosca brands.

Financial Background And Risks

Operating manufacturing facilities in Delhi and Sonipat, the company reported total income of ₹158.77 crore in FY 2023, up from ₹131.15 crore in FY 2021. stood at ₹3.08 crore in FY 2023 following ₹3.38 crore in FY 2022.

The company faces risks including significant indebtedness, past loan repayment delays, legal proceedings, and a lack of long-term agreements with most suppliers or customers. Market participants tracking grey market premium trends are reminded that metrics remain speculative and should not form the sole basis for investment decisions.