SHELLZ INDIA LTD● IPO DETAIL◆ GMP+₹38◆ STATUSClosed◆ IPOCloudTrack Every IPO◆ SHELLZ INDIA LTD● IPO DETAIL◆ GMP+₹38◆ STATUSClosed◆ IPOCloudTrack Every IPO◆
Live GMP
Back to IPOs
Shellz India Ltd

Shellz India Ltd

BSE SME · SME IPO
Closed BSE SME SME
Issue Price
₹179
₹179
GMP (Grey Market)
+₹38
+21.23%
Est. Listing Price
₹217
Based on GMP
Min. Investment
₹143,200
1 lot × 800 shares
Subscribed
58.54x
Over-subscribed
Lists in
--
Days
:
--
Hrs
:
--
Min
:
--
Sec
Listing on Fri, 23 Oct 2026
IPO Details
Open Date
15 Oct 2026
Close Date
19 Oct 2026
Allotment
25 Oct 2026
Listing Date
23 Oct 2026
Exchange
BSE SME
Price Band
₹179
Listing Price
On listing day
Allotment Status
Price Band
₹179
Per share
Face Value
₹10 per share
 
Lot Size
800 Shares
per lot
Issue Size
33,50,400 shares (agg. up to ₹60 Cr)
Total offering
Issue Type
Bookbuilding IPO
 
Min Investment
₹143,200
1 lot
Pre-IPO Holding
87,16,704 shares
Promoters
Post-IPO Holding
1,20,67,104 shares
Promoters
P/E (Pre)
11.67x
 
P/E (Post)
13.24x
 
EPS (Pre)
₹15.34
 
EPS (Post)
₹13.52
 
UPI Deadline
5:00 PM on 19 Oct 2026
Mandate
GMP
+₹38
+21.23% est.
Anchor AllotmentWed, 14 Oct 2026
Basis of AllotmentSun, 25 Oct 2026
Refund InitiationMon, 26 Oct 2026
Demat CreditMon, 26 Oct 2026
Listing DayFri, 23 Oct 2026
UPI Mandate Deadline5:00 PM on 19 Oct 2026
Sale TypeFresh capital only
Net Offer to Public30,20,800 shares (agg. up to ₹54 Cr)
Market Maker Quota3,29,600 shares (agg. up to ₹6 Cr)
QIB Quota50% of Net Issue
HNI / NII Quota15% of Net Issue
Retail Quota35% of Net Issue
Check AllotmentClick here →
Subscription Rate Final
Shellz India Ltd IPO subscribed 58.54 times overall. Retail: 56.09x. QIB: 41.92x. NII: 86.41x. By 19 Oct 2026.
QIB
41.92x
Over
NII/HNI
86.41x
Over
Retail
56.09x
Over
Total
58.54x
Over
Category Subscription Shares Offered % of Total Amount (₹Cr)
Market Maker
Awaited
329,600
— ₹5.90
QIB
Over 41.92x
604,800
— ₹10.83
NII / HNI
Over 86.41x
453,600
— ₹8.12
Retail
Over 56.09x
1,057,600
— ₹18.93
Total 58.54x
2,116,000
100% ₹37.88
IPO Shares Offered
Shellz India Ltd IPO total issue size: ₹37.88 Cr. Retail: ₹18.93 Cr. QIB: ₹10.83 Cr. NII: ₹8.12 Cr.
CategoryShares OfferedAmount (₹Cr)Size (%)
QIB 604,800 ₹10.83
28.58%
Market Maker 329,600 ₹5.90
15.58%
NII 453,600 ₹8.12
21.44%
Retail 1,057,600 ₹18.93
49.98%
Total 2,116,000 ₹37.88
100.00%
* Based on upper price band ₹179 per share
Basis of Allotment
QIB NII Retail Total
Ex. Anchor Anchor Total QIB Below ₹10L Above ₹10L Total NII
Allocation (shares) — — — — — 453,600 1,057,600 1,511,200
Allotment price (₹) 179 179 179 179 179 179 179 179
No. of applications — — — — — — — —
No. of shares applied — — — — — — — —
Amount collected (₹Cr) — — — — — — ₹18.93 ₹18.93
Times subscribed 41.92x — — — — 86.41x 56.09x 58.54x
Shares allotted — — — — — 453,600 1,057,600 1,511,200
No. of allottees — — — — — — — —
* Upper price band ₹179 · ** Anchor allotment excluded from public shares
Lot Size & Investment
Lot Size
800
Shares per Lot
Issue Price
₹179.00
Upper Band
Min Investment
₹143,200
1 Lot
ApplicationLotsSharesAmount
Retail (Min — 2 Lots)21,600₹286,400
Retail (Max — 13 Lots)1310,400₹1,861,600
S-HNI (Min — 14 Lots)1411,200₹2,004,800
B-HNI (Min — 68 Lots)6854,400₹9,737,600
* Issue Price ₹179 × Lot Size 800 shares
IPO Schedule
Anchor
14 Oct 2026
✓ Done
IPO Open
15 Oct 2026
✓ Done
IPO Close
19 Oct 2026
✓ Done
Allotment
25 Oct 2026
Upcoming
Refunds
26 Oct 2026
Upcoming
Demat Credit
26 Oct 2026
Upcoming
Listing Day
23 Oct 2026
Upcoming
Shellz India Ltd — Price Chart
IPO Closed — Awaiting Listing
Chart goes live on — 23 Oct 2026
About Shellz India Ltd

Shellz India Ltd is proposing an IPO on BSE SME under the SME category. Total issue: 33,50,400 shares (agg. up to ₹60 Cr).

Opens 15 Oct 2026, closes 19 Oct 2026. Listing: 23 Oct 2026. Apply via ASBA or UPI.

Objects of the Issue
1
Object 1
2
Object 2
3
Object 3
Shellz India Ltd Financials (Amount in ₹ Crore)
Revenue from Operations
₹162.8
31 Mar 2024
₹187.4
31 Mar 2025
₹193.2
31 Mar 2026
Profit After Tax (PAT)
₹5.3
31 Mar 2024
₹8.3
31 Mar 2025
₹13.4
31 Mar 2026
Particulars31 Mar 202631 Mar 202531 Mar 2024
Revenue from Operations 193.18 187.39 162.81
EBITDA 30.15 22.79 18.94
Profit After Tax (PAT) 13.37 8.30 5.25
Net Worth 58.95 40.58 26.99
Total Assets 213.72 167.36 147.04
Reserves & Surplus 50.24 39.89 26.35
Borrowings 100.83 96.90 70.93
EBITDA Margin (%) 18.04 — —
PAT Margin (%) 8.63 — —
P/BV Ratio
2.48
RoE
6.69
RoCE
4.69
RoNW
6.47
PAT Margin
8.63
EBITDA Margin
18.04
Debt/Equity
1.72
Issue Structure & Shareholding
Total Shares Offered33,50,400
Net Offer to Public30,20,800 shares (agg. up to ₹54 Cr)
Reserved for Market Maker3,29,600 shares (agg. up to ₹6 Cr)
Pre-Issue Promoter Holding87,16,704 shares
Post-Issue Promoter Holding1,20,67,104 shares
P/BV Ratio2.48
RoE6.69
RoCE4.69
Debt / Equity1.72
Script CodeN/A
Registrar & Lead Managers
Will be available once DRHP is filed.
GMP Disclaimer: Grey Market Premium data is unofficial and unregulated. It does not guarantee actual listing price.
IPO Subscription FAQs
How much Shellz India Ltd IPO subscribed? ▲

Shellz India Ltd IPO is subscribed 58.54 times by Oct 19, 2026. Retail: 56.09x. QIB: 41.92x. NII: 86.41x.

Investor CategorySubscription
Qualified Institutional (QIB)41.92x
Non Institutional (NII/HNI)86.41x
Retail Individual56.09x
Total Subscription58.54x
What is Shellz India Ltd IPO retail subscription status? ▼

The Shellz India Ltd IPO retail category is subscribed 56.09 times as of 19 Oct 2026. The retail portion is oversubscribed.

How to subscribe Shellz India Ltd IPO? ▼

Subscribe via your broker app using ASBA or UPI. Opens 15 Oct 2026 and closes 19 Oct 2026. Min investment: ₹143,200 (1 lot = 800 shares). UPI mandate: 5:00 PM on 19 Oct 2026.

How many times Shellz India Ltd IPO subscribed? ▼

The Shellz India Ltd IPO subscribed 58.54x overall. QIB: 41.92x, NII: 86.41x, Retail: 56.09x. Applications: from NSE/BSE.

How to check Shellz India Ltd IPO allotment? ▼

Check allotment on the registrar website. Enter your PAN, application number or DP/Client ID. Allotment date: 25 Oct 2026. Refunds: on 26 Oct 2026.

When Shellz India Ltd IPO will be listed? ▼

The Shellz India Ltd IPO listing date is 23 Oct 2026, Friday. Listed on: BSE SME. Issue price: ₹179. Estimated listing: ₹217. GMP: +₹38.

When Shellz India Ltd IPO close? ▼

The Shellz India Ltd IPO closes on 19 Oct 2026, Monday. UPI mandate: 5:00 PM on 19 Oct 2026. Allotment: 25 Oct 2026. Listing: 23 Oct 2026.