Shellz India IPO

Name: Shellz India IPO
Brand: Shellz India
Price: 179.00 INR
Availability: PreOrder

Upcoming SME

Min Investment

₹1,43,200

800 Shares

Min Investment

₹1,43,200 · 800 Shares

Price Band ₹179

Lot Size 800 shares

Listing On BSE SME

Market Sentiment

GMP, subscription and the analysis score appear here once grey-market quotes and bidding begin. This section updates automatically.

IPO Details

Issue Price	₹179 per equity share
Face Value	₹10 Per Equity Share
Lot Size	800 shares (Min ₹1,43,200)
Issue Type	Book Building Issue
Lead Manager	Socradamus Capital Pvt.Ltd.
Registrar	Bigshare Services Pvt.Ltd.
Listing at	BSE SME

IPO Reservation

Reservation details not available yet

This section updates automatically once data is available.

Return Estimator (GMP*)

Category	Investment	Expected Profit
1 Lot (800 shares)	₹1,43,200	+₹0

GMP (Rumour*) +₹0

Exp. Listing ₹179

Return +0.0%

Estimates based on unofficial GMP data. Actual listing price may differ significantly.

Financial Analysis

Financial Data

EPS (Pre)

₹9.59

ROE

24.57%

ROCE

17.50%

RoNW

20.46%

EBITDA Margin

12.19%

Debt/Equity

1.93

NAV/Share

₹46.87

Revenue Growth

15.10%

Profit Margin

4.43%

Financial Performance

Metric	2023	2024	2025	Sep 2025
Revenue	158.77	162.81	187.39	92.10
Expense	154.03	154.84	174.77	83.37
Profit (PAT)	3.19	5.25	8.30	6.19
Total Assets	127.97	147.04	167.36	198.58

Values in Crores (₹)

Peer Comparison

Company	EPS	P/E	RoNW %	NAV
Annapurna Swadisht Limited	9.46	18.22	6.29	136.68

Promoters & Holding Pattern

Promoters: Kapil Garg and Shalini Garg

Shareholding	No. of Shares	Holding %
Promoter Holding Pre Issue	87,16,704	88.11%

Strengths & Risks

Strengths

Revenue grew 15% in the latest reported year.
Strong return on equity — 25%.

Risks & Concerns

Elevated leverage — debt/equity of 1.93.
Lists on the exchange's SME platform, where trading is usually thinner than on the main board — selling at your price can be harder.

Compiled from this issue's live GMP, subscription, valuation and financial data, and updated as those figures change. Informational only — not investment advice. Always read the RHP before applying.

Purpose	Amount (Cr)
Repayment or prepayment, in full or in part, of certain outstanding borrowings availed by our Company	22.00
Funding our incremental working capital requirements and	23.00
General Corporate Purpose	-

Resources & Documents

IPO Documents

Draft Red Herring Prospectus

Shellz India IPO - Quick Take

Shellz India has fixed the issue price at Rs 179 per share. The SME issue is in the upcoming pipeline with dates yet to be finalised.

The issue is promoted by Kapil Garg and Shalini Garg with Socradamus Capital Pvt.Ltd. acting as lead manager. Net proceeds will primarily be used towards repayment or prepayment, in full or in part, of certain outstanding borrowings availed by our Company (Rs 22 crore) and funding our incremental working capital requirements and (Rs 23 crore).

On fundamentals, the company is posting revenue growth of 15.1%, a profit margin of 4.4%, return on equity of 24.6% in its most recent reported period. Listed peers in this segment include Annapurna Swadisht Limited (P/E 18.22x) — useful reference points when evaluating the issue's pricing relative to where the broader sector is trading.

All figures below — GMP history, subscription tiers, financials and peers — are aggregated from public disclosures. Always apply through your own broker after reading the RHP.

By IPO Cracker Editorial Team · Editorial Policy · Data Sources

Related guides: What is GMP? · Anchor Investor explained · Allotment Process · How to Apply · Compare with peers

This summary is generated from live market data and company disclosures aggregated from BSE, NSE, SEBI filings (DRHP / RHP) and the registrar's office. It is informational only and not investment advice. Consult a SEBI-registered advisor before investing. How we score IPOs »

Frequently Asked Questions

The lot size of Shellz India IPO is 800 shares. The minimum application is 1 lot (800 shares), requiring an investment of Rs 1,43,200.

The registrar for Shellz India IPO is Bigshare Services Pvt.Ltd. After the allotment date, you can check your allotment status on the registrar's official website by entering your PAN, application number, or demat account details. Allotment status is also available on the BSE and NSE websites.

The book running lead manager(s) for Shellz India IPO are Socradamus Capital Pvt.Ltd.

The promoter(s) of Shellz India are Kapil Garg and Shalini Garg.

You can apply for Shellz India SME IPO online during the open subscription window through any UPI-enabled broker app (Zerodha, Groww, Upstox, Angel One, ICICI Direct, HDFC Securities, or any SEBI-registered broker), or via your bank's ASBA-enabled net banking. The minimum retail investment is Rs 1,43,200 for 1 lot (800 shares). Steps: (1) Open your broker app or your bank's ASBA portal. (2) Search for Shellz India in the IPO section — the issue must be in the Open window to apply. (3) Enter your bid: select the number of lots (minimum 1 lot of 800 shares each) and bid at the upper end of the price band — the cut-off price option is not available for SME IPOs. (4) Approve the UPI mandate that arrives on your bidding bank account — this blocks the application amount until allotment, and the funds stay in your account until shares are allotted. Allotment is finalized on T+1, the working day after the close date, and the shares list on T+3. See our How to Apply for an IPO guide for step-by-step screenshots, and the ASBA vs UPI Mandate explainer for how the payment block works.

The full breakdown is on this page, and our How We Score IPOs guide explains the method. This is a summary of public data, not investment advice or a recommendation to apply. Read the RHP and consult a SEBI-registered investment adviser before investing.

Shellz India IPO GMP — What It Means

No active grey market premium has been recorded for Shellz India IPO yet. GMP is an unofficial, dealer-quoted indicator of expected listing-day demand — not a guaranteed listing price — and it can change quickly once bidding opens.

See the full Shellz India GMP history and trend, or learn how grey market premium works and how reliable it is.

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