Shellz India Ltd. IPO
IPO Timeline
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15 Oct 2026Bidding Starts
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19 Oct 2026Bidding Ends
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21 Oct 2026Allotment Finalization
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23 Oct 2026Listing
About Shellz India Ltd.
We are engaged in the manufacturing and marketing of confectionery products in India, with a diversified product portfolio comprising over 300+ SKUs across multiple categories, including choco delights, jellies, baked treats and other confectionery formats. We also manufacture and supply food and bakery ingredients. We focus on developing confectionery products at accessible price points and distributing them across a wide geographic footprint, including urban and semi-urban markets, as well as smaller towns and rural areas.
Shellz India Ltd. IPO Reservation
| Investors Category | Shares Offered |
|---|---|
| Anchor Investors | 9,06,240 (27.05%) |
| Market Makers | 3,29,600 (9.84%) |
| Non Institutional Investors | 4,53,120 (13.52%) |
| Qualified Institutional Buyers (QIBs) | 6,04,160 (18.03%) |
| Retail Individual Investors (RIIs) | 10,57,280 (31.56%) |
Shellz India Ltd. Financial Information
| Year End | Revenue | PAT | Reserves & Surplus |
|---|---|---|---|
| 31 Mar 2025 | 187.39 Cr | 8.30 Cr | 39.89 Cr |
| 31 Mar 2024 | 162.81 Cr | 5.25 Cr | 26.35 Cr |
Shellz India Ltd. Background
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2013Incorporation as Private Limited Company and commenced operations at the Delhi facility for jelly and chocolate products under the brand “Hugs”
Introduced ?1/- centre-filled chocolate 2013 –
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2015Expanded product categories into jellies and baked treats
Launched Dipsticks, a ?5/- biscuit-with-chocolate-cream 2015 -
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2019Expanded team size and established a corporate office in Punjabi Bagh, New Delhi
Launched “Tosca” brand with a focus on alternate channels*
Introduced breakage-free, moisture-resistant cones packed in polymer cups – “Push Up The Cone” 2020 -
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2021Set up Hyderabad depot to strengthen distribution across South India
Achieved the ?100 crore revenue milestone
Entered the compressed candies category
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2022Achieved the ?150 crore revenue milestone
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2023Launched the “Better-for-You” range with Oats Choco, entering the snacking space
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2025Conversion from Private Limited to Public Limited Company
Commencement of the Sonipat facility to support rising domestic and international demand and initiation of in-house packaging manufacturing operations
1. Repayment or prepayment, in full or in part, of certain outstanding borrowings availed by our Company
2. Funding our incremental working capital requirements
3. General corporate purposes
1. Kapil Garg
2. Shalini Garg
Overview of the Packaged Food Market in India:
India’s packaged food industry reached from INR 319.0 thousand crore in FY’22 to INR 446.1 thousand crore in FY’25, at a CAGR of ~11.8%. Due to evolving consumer demand for value-added offerings like confectionery, artisanal
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FAQs
When does Shellz India Ltd. IPO opens and closes?
Shellz India Ltd. IPO opens from 15th October to 19th October 2026.What is the size of Shellz India Ltd. IPO?
The size of the Shellz India Ltd. IPO is ₹59.97 Cr.What is the price range of Shellz India Ltd. IPO?
The price range of Shellz India Ltd. IPO is at ₹170 to ₹179 per share.What is the minimum investment and lot size required for the Shellz India Ltd. IPO?
The minimum investment required is ₹1,43,200 and minimum lot size is 800 shares.When is Shellz India Ltd. IPO listing date?
The Shellz India Ltd. IPO will be listed on 23rd October 2026.What is the objective of Shellz India Ltd. IPO?
1. Repayment or prepayment, in full or in part, of certain outstanding borrowings availed by our Company2. Funding our incremental working capital requirements
3. General corporate purposes
Disclaimer: This is 3rd Party content/feed, viewers are requested to use their discretion and conduct proper diligence before investing, GoodReturns does not take any liability on the genuineness and correctness of the information in this article


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