{"id":57727,"date":"2026-10-14T18:38:00","date_gmt":"2026-10-14T13:08:00","guid":{"rendered":"https:\/\/dailynewsindia.co.in\/index.php\/2026\/10\/14\/shellz-india-limiteds-ipo-opens-on-october-15-2026\/"},"modified":"2026-10-14T18:38:00","modified_gmt":"2026-10-14T13:08:00","slug":"shellz-india-limiteds-ipo-opens-on-october-15-2026","status":"publish","type":"post","link":"https:\/\/dailynewsindia.co.in\/index.php\/2026\/10\/14\/shellz-india-limiteds-ipo-opens-on-october-15-2026\/","title":{"rendered":"Shellz India Limited\u2019s IPO opens on October 15, 2026"},"content":{"rendered":"<div>\n<p class=\"wp-block-paragraph\"><em>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<\/em><\/p>\n<p class=\"wp-block-paragraph\"><strong>New Delhi [India], October 14:<\/strong> <strong>Shellz India Limited<\/strong>, a confectionery manufacturer under the brand names <strong>\u201cHugs\u201d and \u201cTosca\u201d<\/strong>, is set to open its <strong>Initial Public Offering (IPO) on October 15, 2026<\/strong> aiming to raise <strong>\u20b9 59.97 Crores<\/strong> with shares to be listed on the <strong>BSE SME platform<\/strong>.<\/p>\n<ul class=\"wp-block-list\">\n<li><strong>Total Issue Size \u2013 Up To 33,50,400 Equity Shares of \u20b910 each<\/strong><\/li>\n<li><strong>IPO Size \u2013 \u20b959.97 Crore (At Upper Price Band)<\/strong><\/li>\n<li><strong>Price Band \u2013 \u20b9170 \u2013 \u20b9179 Per Equity Share<\/strong><\/li>\n<li><strong>Lot Size \u2013 1,600 Equity Shares and in multiples of 800 Equity Shares thereafter<\/strong><\/li>\n<\/ul>\n<p class=\"wp-block-paragraph\">The issue size is <strong>\u20b959.97 Crore<\/strong> with fresh issue size of <strong>33,50,400 equity shares<\/strong> with a face value of <strong>\u20b910 each<\/strong> with a price band of <strong>\u20b9170 \u2013 \u20b9179 Per Share<\/strong>.<\/p>\n<p class=\"wp-block-paragraph\">The issue size is <strong>\u20b959.97 Crore<\/strong> with fresh issue size of <strong>33,50,400 equity shares<\/strong> with a face value of <strong>\u20b910 each<\/strong> with a price band of <strong>\u20b9170 \u2013 \u20b9179 Per Share<\/strong>.<\/p>\n<h4 class=\"wp-block-heading\"><strong>Equity Share Allocation<\/strong><\/h4>\n<ul class=\"wp-block-list\">\n<li><strong>QIB (Including Anchor Portion) \u2013 Not more than 50% of the Net Issue<\/strong><\/li>\n<li><strong>Non-Institutional Bidders \u2013 Not less than 15% of the Net Issue<\/strong><\/li>\n<li><strong>Individual Bidders \u2013 Not less than 35% of the Net Issue<\/strong><\/li>\n<\/ul>\n<p class=\"wp-block-paragraph\">The net proceeds from the IPO will be utilized for <strong>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<\/strong>. The anchor bidding is on <strong>Wednesday, October 14, 2026<\/strong>. Issue will open on <strong>Thursday, October 15, 2026<\/strong> and close on <strong>Monday, October 19, 2026<\/strong>.<\/p>\n<p class=\"wp-block-paragraph\">The <strong>Book Running Lead Manager<\/strong> to the Issue is <strong>Socradamus Capital Private Limited<\/strong>, and the <strong>Registrar<\/strong> to the issue is <strong>Bigshare Services Private Limited<\/strong>. <strong>Mansi Share and Stock Broking Private Limited<\/strong> is the Marker Maker to the issue.<\/p>\n<h3 class=\"wp-block-heading\"><strong>About the business<\/strong><\/h3>\n<p class=\"wp-block-paragraph\">Shellz manufactures confectionery products in India through a portfolio of <strong>over 300 SKUs<\/strong> across baked treats, choco delights, jellies, and panned and sugar confectionery. It also manufactures food and bakery ingredients, undertakes private label manufacturing for third parties and exports to markets including the <strong>Middle East, South Asia and Europe<\/strong>. The flagship <strong>\u201cHugs\u201d<\/strong> brand is positioned at mass-market price points, with a majority of products priced at <strong>\u20b910 or below<\/strong>. <strong>\u201cTosca\u201d<\/strong> is positioned in the mass-premium segment and is being developed with a focus on e-commerce and quick commerce channels, including products such as <strong>Tosca Oat Choco<\/strong>. All products are manufactured in-house at facilities in <strong>Delhi and Sonipat, Haryana<\/strong>.<\/p>\n<h3 class=\"wp-block-heading\"><strong>Production Expansion<\/strong><\/h3>\n<p class=\"wp-block-paragraph\">The Sonipat facility is being developed as part of the consolidation and expansion of the Company\u2019s existing operations. The installed capacity is expected to rise from approximately <strong>17,100 MTPA to approximately 34,500 MTPA<\/strong>, roughly double.<\/p>\n<p class=\"wp-block-paragraph\">During <strong>FY26<\/strong>, The Company achieved <strong>Revenue from Operations of \u20b919,261.52 Lakhs, EBITDA of \u20b93,014.81 Lakhs &amp; PAT of \u20b91,337.05 Lakhs<\/strong>. For the three-month period ended June 2026, the Company achieved a <strong>Revenue from Operations of \u20b9 4,724.10 Lakhs, EBITDA of \u20b9 852.32 Lakhs &amp; PAT of \u20b9 407.88 Lakhs<\/strong>.<\/p>\n<p class=\"wp-block-paragraph\"><strong>Mr. Kapil Garg, Promoter, Chairman &amp; Managing Director of Shellz India Limited<\/strong> expressed, <em>\u201cAt Shellz India, our ambition is to bring quality, innovative and affordable products to more consumers. Our upcoming IPO will help fuel the next phase of our growth journey by strengthening our financial resources and supporting our expanding operations. As we scale manufacturing at our Sonipat facility, broaden our product portfolio and deepen our distribution reach, we aim to build a stronger presence for Hugs and Tosca. We remain focused on responding to evolving consumer preferences and creating long-term value through disciplined growth and operational efficiency.\u201d<\/em><\/p>\n<p class=\"wp-block-paragraph\"><em>\u201cShellz has built a wide distribution network in everyday, affordable confectionery while improving its profitability, and Tosca gives it a second, higher-value avenue. The new Sonipat facility strengthens its base to scale. This listing should help the Company fund its next phase of growth,\u201d<\/em> said <strong>Neeraj Gupta, pre-IPO investor in Shellz India Limited and Founder of Meru Cabs<\/strong>.<\/p>\n<p class=\"wp-block-paragraph\"><strong>Mr. Priyesh Jain, Director of Socradamus Capital Private Limited<\/strong>, expressed, <em>\u201cShellz India has built its confectionery business around a diverse product portfolio, in-house manufacturing capabilities and an established distribution network. Its focus on scaling operations at Sonipat, introducing new product formats and expanding market reach provides a foundation for its next phase of growth. The upcoming IPO is expected to strengthen the Company\u2019s financial resources and support the execution of these plans as it responds to evolving consumer preferences.\u201d<\/em><\/p>\n<h3 class=\"wp-block-heading\"><strong>Industry context<\/strong><\/h3>\n<p class=\"wp-block-paragraph\">As cited in the company\u2019s RHP, <strong>India\u2019s Confectionery Market was valued at \u20b993.1 thousand crore in FY2025 and is projected to reach \u20b9125.8 thousand crore by FY2030, a CAGR of 6.3%<\/strong>. In FY\u201925, Baked confectionery is projected to grow from <strong>INR 56.2 thousand crore to INR 74.6 thousand crore by FY\u201930F, at a CAGR of 5.8%<\/strong>. This growth is supported by rising urban demand for packaged bakery products, increasing on-the-go snacking, and wider availability through modern retail channels. Continued innovation in biscuit-based and wafer-based confectionery, along with the introduction of health-oriented options such as whole grain and high-fiber products, is driving consumer interest and segment expansion.<\/p>\n<p class=\"wp-block-paragraph\"><strong>Disclaimer:<\/strong> <em>Certain statements in this document that are not historical facts are <\/em>forward-looking<em> statements. Such forward-looking statements are subject to certain risks and uncertainties like government actions, local, political or economic developments, technological risks, and many other factors that could cause actual results to differ materially from those contemplated by the relevant forward-looking statements. The Company will not be in any way responsible for any action taken based on such statements and undertakes no obligation to publicly update these forward-looking statements to reflect subsequent events or circumstances.<\/em><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>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 New Delhi [India], October 14: Shellz India Limited, a confectionery manufacturer under the brand names \u201cHugs\u201d and \u201cTosca\u201d, is set to open its Initial Public Offering (IPO) on October 15, 2026 aiming&#8230;<\/p>\n<p class=\"more-link-wrap\"><a href=\"https:\/\/dailynewsindia.co.in\/index.php\/2026\/10\/14\/shellz-india-limiteds-ipo-opens-on-october-15-2026\/\" class=\"more-link\">Read More<span class=\"screen-reader-text\"> &ldquo;Shellz India Limited\u2019s IPO opens on October 15, 2026&rdquo;<\/span> &raquo;<\/a><\/p>\n","protected":false},"author":1,"featured_media":57728,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[54],"class_list":["post-57727","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-business"],"_links":{"self":[{"href":"https:\/\/dailynewsindia.co.in\/index.php\/wp-json\/wp\/v2\/posts\/57727","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dailynewsindia.co.in\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dailynewsindia.co.in\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dailynewsindia.co.in\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dailynewsindia.co.in\/index.php\/wp-json\/wp\/v2\/comments?post=57727"}],"version-history":[{"count":0,"href":"https:\/\/dailynewsindia.co.in\/index.php\/wp-json\/wp\/v2\/posts\/57727\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dailynewsindia.co.in\/index.php\/wp-json\/wp\/v2\/media\/57728"}],"wp:attachment":[{"href":"https:\/\/dailynewsindia.co.in\/index.php\/wp-json\/wp\/v2\/media?parent=57727"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dailynewsindia.co.in\/index.php\/wp-json\/wp\/v2\/categories?post=57727"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dailynewsindia.co.in\/index.php\/wp-json\/wp\/v2\/tags?post=57727"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}