Shellz India Limited
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Shellz India Limited's is preparing to launch its Initial Public Offering (IPO) with a substantial issue size of 40,00,000 Shares. The offering comprises a fresh issue component of 40,00,000 Shares.
The price band for the IPO has been set at TBD, providing investors with a range to place their bids. The minimum investment lot consists of TBD, making it accessible to both retail and institutional investors.
The subscription window for this public offering opens on TBD and will conclude on TBD. Following the subscription period, the share allotment is scheduled for TBD, with the official listing expected to commence on TBD on the BSE exchange.
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.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
The expected premium is based on market buzz and online information. It should not be considered as the actual listing price or valuation. Always refer to the RHP and seek advice from a financial expert before making any investment decisions.
- Strong Product Demand: Operates in bakery and confectionery segment, which enjoys consistent demand as daily consumption products.
- Improving Financial Performance: The company has shown growth in revenue along with better control over costs, supporting profitability.
- Scalable Business Model: Opportunity to expand distribution network and increase presence in new markets.
- High Debt Levels: Existing borrowings can impact cash flow and increase financial risk.
- Low Margin Industry: Food and confectionery business typically operates on thin margins, limiting earnings growth.
- Competitive Market: Faces strong competition from established brands and regional players.
- Kapil Garg
- Shalini Garg
Shellz India Limited
Bigshare Services Private Limited