Shellz India IPO Day 1: Subscription Opens Today, 15 October 2026

Shellz India IPO opens today, 15 Oct 2026, closes 19 Oct. Price band Rs 170-179. Lot size 800 shares. Lists on BSE SME on 23 Oct.

Updated: 15 Oct 2026 • 1:30 am

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Quick Answer

The Shellz India IPO opens for subscription today, 15 October 2026, and will remain open until 19 October 2026. Shellz India Limited makes confectionery, food and bakery ingredients under the Hugs and Tosca brands, and is raising about Rs 59.97 crore entirely through a fresh issue. The price band is set at Rs 170 to Rs 179 per share, with a lot size of 800 shares, and the shares are proposed to list on the BSE SME platform. Since bidding has only just opened, subscription figures will start reflecting real demand as the days progress, so investors should track the live numbers through the session before deciding.

Shellz India Limited, a confectionery and bakery ingredients company promoted by Kapil Garg and Shalini Garg, has opened its IPO for subscription today, 15 October 2026. The Shellz India IPO is a book built SME issue of 33,50,400 equity shares worth about Rs 59.97 crore at the upper band of Rs 179, with no offer for sale component. Bidding remains open until 19 October 2026, and the shares are proposed to list on the BSE SME platform.

The company manufactures, markets and supplies around 250 confectionery, food and bakery ingredient products under the mass market Hugs brand and the premium Tosca brand. Proceeds are earmarked for repaying borrowings of Rs 22 crore, incremental working capital of Rs 23 crore and general corporate purposes. The anchor book was scheduled for 14 October.

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Table of Contents

Shellz India IPO Details

The table below sets out the key parameters of the Shellz India IPO, including the price band, lot size and important dates.

Open Date	15 October 2026
Close Date	19 October 2026
Face Value	Rs 10 per share
Price Band	Rs 170 to Rs 179 per share
Lot Size	800 shares (minimum application 1,600 shares)
Issue Size	Rs 59.97 crore (entirely fresh issue)
Issue Type	Book Built Issue, SME
Listing At	BSE SME
Allotment Date	21 October 2026
Listing Date	23 October 2026

Shellz India IPO Quick Facts

Particulars	Snapshot
Minimum application	Rs 2,86,400 (2 lots, 1,600 shares, at the upper band)
Small HNI range	3 to 6 lots (Rs 4,29,600 to Rs 8,59,200)
Big HNI minimum	7 lots, 5,600 shares (Rs 10,02,400)
Promoter holding	88.11 percent before the issue, 63.64 percent after
Registrar	Bigshare Services Pvt Ltd
Lead Manager	Socradamus Capital Pvt Ltd

This snapshot is meant as a quick reference alongside the fuller details table above, so investors scanning the issue on mobile can find the essentials without scrolling through the whole page.

Shellz India IPO Share Reservation

The issue offers not more than 50 percent of the net offer to qualified institutional buyers, not less than 15 percent to non-institutional investors and not less than 35 percent to retail investors. Retail bidders must apply for a minimum of 2 lots, or 1,600 shares.

Shellz India IPO Subscription Status Day 1

Bidding for the issue has opened today, 15 October 2026, so the category wise numbers below will fill in as the session progresses. QIB and larger HNI bids in SME issues can arrive at any point through the bidding window.

Investor Category	Subscription Status, Day 1 (15 Oct)
Qualified Institutional Buyers (QIB)	Bidding just opened, updating through the session
Non-Institutional Investors (NII)	Bidding just opened, updating through the session
Retail Individual Investors	Bidding just opened, updating through the session
Overall	Bidding just opened, updating through the session

Track Subscription Status for the issue on the Univest Screener

How to Apply for the Shellz India IPO

Open a Demat and trading account with a SEBI-registered broker such as Univest if you do not already have one.
Select the issue on your broker app or net banking platform and enter your bid quantity and price within the Rs 170 to Rs 179 band, with a minimum application of 1,600 shares.
Submit the application through the UPI-based ASBA method so the bid amount is blocked rather than debited immediately.
Approve the UPI mandate on your phone before the daily cut off time, and remember the issue closes on 19 October.

Download the Univest iOS App or Univest Android App to apply for the issue on its opening day.

Grey market premium (GMP) is an unofficial, unregulated indicator for the issue that is not endorsed by SEBI, NSE, or BSE. Investors looking for indicative GMP data can go through other relevant sources, though such figures should never be the sole basis for an investment decision.

About Shellz India Limited

Shellz India Limited manufactures, markets and supplies confectionery, food and bakery ingredients, with around 250 products. Total income was Rs 162.81 crore in FY24, Rs 187.39 crore in FY25 and Rs 193.18 crore in FY26, while profit after tax rose from Rs 5.25 crore to Rs 8.30 crore and Rs 13.37 crore. Borrowings stood at Rs 109.49 crore as of 30 June 2026, with a debt to equity ratio of about 1.72 times. Promoters hold 88.11 percent before the issue and 63.64 percent after it.

Conclusion

The issue has opened for bidding today, 15 October 2026, offering SME exposure to a confectionery and bakery ingredients maker with rising profits. Investors considering the issue should weigh the Rs 2,86,400 minimum application, the borrowings on the balance sheet and SME liquidity, read the RHP on bseindia.com, and apply only after independent due diligence.

Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).

FAQs

What is the Shellz India IPO subscription status on Day 1?

Ans. The issue opened for bidding today, 15 October 2026, so Day 1 category wise figures are still filling in through the trading session. Investors can track the live numbers on BSE as the day progresses.

When does the Shellz India IPO open and close?

Ans. The issue opened for subscription today, 15 October 2026, and will close on 19 October 2026.

What is the Shellz India IPO price band and lot size?

Ans. The issue price band is Rs 170 to Rs 179 per share, with a lot size of 800 shares. The minimum application is 1,600 shares, which is about Rs 2,86,400 at the upper price band.

What is the issue size and structure of the Shellz India IPO?

Ans. The issue is entirely a fresh issue of 33,50,400 equity shares worth about Rs 59.97 crore at the upper band, with no offer for sale component.

What is the Shellz India IPO GMP?

Ans. Grey market premium (GMP) is an unofficial, unregulated indicator for the issue that is not endorsed by SEBI, NSE, or BSE. Investors looking for indicative GMP data can go through other relevant sources, though such figures should never be the sole basis for an investment decision, especially this early in the bidding window.

How do I apply for the Shellz India IPO?

Ans. You can apply for the issue through your SEBI-registered broker or UPI-enabled banking app using the ASBA method, enter your bid quantity and price within the Rs 170 to Rs 179 band, with a minimum application of 1,600 shares, then approving the UPI mandate before the daily cut off.

When will the Shellz India IPO be allotted and listed?

Ans. The issue allotment is expected to be finalised on 21 October 2026, and the shares are tentatively scheduled to list on the BSE SME platform on 23 October 2026.

What does Shellz India Limited do?

Ans. Shellz India Limited manufactures, markets and supplies confectionery, food and bakery ingredients under the Hugs and Tosca brands, with around 250 products.

How will Shellz India use the IPO proceeds?

Ans. Shellz India plans to use Rs 22 crore to repay borrowings and Rs 23 crore for incremental working capital, with the remainder for general corporate purposes.