Fresh issue of up to 33,50,400 equity shares to list on the SME Platform of BSE; anchor investor bidding on October 14, 2026

  • Total Issue Size – Up To 33,50,400 Equity Shares of ₹10 each
  • IPO Size – ₹59.97 Crore (At Upper Price Band)
  • Price Band – ₹170 – ₹179 Per Equity Share
  • Lot Size – 1,600 Equity Shares and in multiples of 800 Equity Shares thereafter

Mumbai: Shellz India Limited, a confectionery manufacturer under the brand names “Hugs” and “Tosca”, is set to open its Initial Public Offering (IPO) on October 15, 2026 aiming to raise ₹ 59.97 Crores with shares to be listed on the BSE SME platform.

The issue size is ₹59.97 Crore with fresh issue size of 33,50,400 equity shares with a face value of ₹10 each with a price band of ₹170 – ₹179 Per Share.

Equity Share Allocation

  • QIB (Including Anchor Portion) – Not more than 50% of the Net Issue
  • Non-Institutional Bidders – Not less than 15% of the Net Issue
  • Individual Bidders – Not less than 35% of the Net Issue

The net proceeds from the IPO will be utilized for Repayment or prepayment, in full or in part, of certain outstanding borrowings, Funding our incremental working capital requirements, general corporate purposes and issue related expenses. The anchor bidding is on Wednesday, October 14, 2026. Issue will open on Thursday, October 15, 2026 and close on Monday, October 19, 2026.

The Book Running Lead Manager to the Issue is Socradamus Capital Private Limited, and the Registrar to the issue is Bigshare Services Private Limited. Mansi Share and Stock Broking Private Limited is the Marker Maker to the issue.