Shellz India SME IPO Opens Today: Discover Price Band and Essential Details!

Shellz India Ltd. has announced the details of its upcoming initial public offering (IPO), which will be open for subscription from October 15 to October 19, 2026. The company aims to raise Rs 59.97 crore through the issuance of an entirely fresh issue comprising 33.50 lakh shares, with a price band set between Rs 170–179 per share. The lot size for the IPO is 800 shares, requiring a minimum investment of Rs 2,86,400 for retail investors applying for two lots. The IPO will be listed on the BSE SME platform, with allotment expected to be finalized on October 21 and a tentative listing date set for October 23, 2026.

In terms of financial performance, Shellz India reported a 3% increase in total income, reaching Rs 193 crore in FY26, compared to Rs 187 crore in FY25. Furthermore, the company experienced a significant profit after tax (PAT) increase of 61%, climbing from Rs 8 crore to Rs 13 crore over the same period. The funds from the IPO will be allocated for various purposes, including the repayment of outstanding borrowings and meeting incremental working capital requirements.

Grey market sentiment surrounding the Shellz India IPO has not been explicitly detailed, but general enthusiasm for upcoming issues remains robust among retail and high-net-worth investors, given the company’s solid financial performance and growth trajectory. Overall, this IPO presents an intriguing opportunity for Indian investors, particularly those interested in the food and confectionery sector. As Shellz India expands its distribution network and product portfolio, the listing could provide significant returns in line with its growth potential.

Source: The Economic Times

(Expert Note: This report was prepared by the Wealthova IPO team.)