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Shellz India Limited

Shellz India Ltd. is engaged in the manufacturing and marketing of a wide range of confectionery products in India, with a diversified portfolio of over 250 SKUs across categories such as chocolate-based products, jellies, baked treats, and other confectionery items. The company also manufactures and supplies food and bakery ingredients, catering to urban, semi-urban, and rural markets through a strong distribution network. Its consumer products are marketed under two key brands—“Hugs,” which targets the mass market with offerings across baked goods, chocolates, jellies, and sugar confectionery, and “Tosca,” positioned in the mass-premium segment with differentiated products and packaging for urban consumers. As of September 30, 2025, its products are distributed through more than 200 super stockists and are available across kirana stores in around 24 states. In addition to its branded business, the company undertakes private label manufacturing for third parties and exports its products to regions including the Middle East, Southeast Asia, and Europe, supporting diversification across markets and revenue streams.

₹170 - ₹179GMP ₹01.05x sub
GMPFlat
Est. Listing Price₹179
Subscription•1.05x total demand•Updated 16 Oct 2026, 02:29 PM
QIBOpen
Awaiting BidsOffered: 6,04,800 sh
Nib2.90x
Fully Subscribed (Safe)Offered: 4,53,600 sh
Hnis(10l +)3.85x
Popular / Warm DemandOffered: 3,02,400 sh
Hnis (2-10l)1.00x
Fully Subscribed (Safe)Offered: 1,51,200 sh
Retail0.85x
Steady / DevelopingOffered: 10,57,600 sh
CategoryOfferedAppliedTimes
QIB6,04,80000x
Nib4,53,60013,16,8002.9x
Hnis(10l +)3,02,40011,65,6003.85x
Hnis (2-10l)1,51,2001,51,2001x
Retail10,57,6009,02,4000.85x
Segment Subscription Demand
Segment / CategoryDemand (Shares)Offered (Shares)Times Sub.
QIB010.83Open
Retail16.1518.930.85x
Nib23.578.122.90x
Hnis 2+2.712.711.00x
Hnis 10+20.865.413.86x
Application-wise Breakup
CategoryReservedAppliedTimes Sub.
Retail6615640.85x
Hnis(10l +)1261681.33x
Hnis (2-10l)631001.59x
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About Shellz India Limited IPO Subscription Demand

Live subscription status and bidding analysis for Shellz India Limited (SHELLZ) IPO. The issue is subscribed 1.05x overall across Qualified Institutional Buyers (QIB), Non-Institutional Investors (NII/HNI), and Retail Individual Investors (RII). Check real-time grey market demand on our GMP Tracker or review full issue details, lot size, and price band on the IPO Details Page.

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