Shellz India Limited
SMEBSE
Issue details
Price band
₹170 - ₹179
Lot size
800 shares
Issue size
₹60 Cr
Min. investment
₹1,43,200
Registrar
Bigshare Services
Subscription
50.79x · 46,167 applications
Grey market premium
Est. gain+₹7 · 4%
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IPO Timeline
Open
15 Oct
Close
19 Oct
Allotment
20 Oct
Listing
23 Oct
- Refunds & demat credit
- 21 Oct 2026
- Mandate end
- 3 Nov 2026
We calculate these dates from the allotment and close dates, so please treat them as indicative.
Application size
| Category | Minimum | Maximum |
|---|---|---|
| Retail | 800shares 1 lot · ₹1,43,200 | 800shares 1 lot · ₹1,43,200 |
| HNI | 1,600shares 2 lots · ₹2,86,400 | No limit funds permitting |
Based on the upper price band of ₹179 and a lot of 800 shares.
Subscription
| Quota | Shares offered | Shares bid | Applications | Subscribed |
|---|---|---|---|---|
| QIB | 6,04,800 | 2,53,52,000 | 68 | 41.92x |
| NII | 7,83,200 | 3,95,27,200 | 9,022 | 50.47x |
| Retail (IND) | 10,57,600 | 5,93,23,200 | 37,077 | 56.09x |
| Total | 24,45,600 | 12,42,02,400 | 46,167 | 50.79x |
Last updated 52 minutes ago.
Issue structure
Face value
₹10 per share
Issue type
Bookbuilding IPO
Sale type
Fresh capital only
Fresh issue
₹54 Cr
30,20,800 shares
Shares pre-issue
87,16,704
Shares post-issue
1,20,67,104
Valuation & ratios
| Metric | Pre-IPO | Post-IPO |
|---|---|---|
| EPS | 15.34 | 13.52 |
| P/E | 11.67 | 13.24 |
| Market cap | ₹156.03 Cr. | ₹216.00 Cr. |
| KPI | Jun 30, 2026 | Mar 31, 2026 |
|---|---|---|
| ROE | 6.69% | 26.87% |
| ROCE | 4.69% | 19.11% |
| Debt/Equity | 1.72 | 1.71 |
| RoNW | 6.47% | 22.68% |
| PAT Margin | 8.63% | 6.94% |
| EBITDA Margin | 18.04% | 15.65% |
| NAV | 72.31 | 67.63 |
| P/B (x) | 2.48 | 2.65 |
Financials
| Metric | 30 Jun 2026 | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|---|
| Total income | 47.43 | 193.18 | 187.39 | 162.81 |
| Profit after tax | 4.08 | 13.37 | 8.3 | 5.25 |
| EBITDA | 8.52 | 30.15 | 22.79 | 18.94 |
| Net worth | 63.03 | 58.95 | 40.58 | 26.99 |
| Assets | 229.36 | 213.72 | 167.36 | 147.04 |
| Reserves & surplus | 54.31 | 50.24 | 39.89 | 26.35 |
| Total borrowing | 108.56 | 100.83 | 78.18 | 70.93 |
Figures in ₹ crore, as reported by the company in its offer document.
Objects of the issue
- 1.Repayment or prepayment, in full or in part, of certain outstanding borrowings availed by our Company₹22 Cr
- 2.Funding our incremental working capital requirements and₹23 Cr
- 3.General corporate purposes—
What the company says it intends to do with the money raised.
Recent comparable IPOs
| Company | Issue price | P/E | Listing close | Listing gain |
|---|---|---|---|---|
| Papadmalji Agro Foods Ltd.SME | ₹72 | 9.42 | ₹68.75 | -4.51% |
| Q&T Foods Ltd.SME | ₹115 | 10.61 | ₹109.25 | -5.00% |
| Crazy Snacks Ltd.SME | ₹42 | 11.9 | ₹45.67 | +8.74% |
| Astron Multigrain Ltd.SME | ₹63 | 17.09 | ₹47.88 | -24.00% |
| SSMD Agrotech India Ltd.SME | ₹121 | 13.16 | ₹76.65 | -36.65% |
Past listing performance of comparable issues. This is not a forecast: listing gains vary widely and can turn negative.
Issue fundamentals compiled from the company's offer document via Chittorgarh, last read 23 Oct 2026. Always verify against the RHP before applying.