Shellz India IPO

No current grey market premium reading is being quoted for the Shellz India IPO. The day-wise history on this page shows every reading we recorded. GMP is an unofficial, unregulated datapoint reported by third parties — not a price, a prediction, or investment advice.

No. The grey market is an informal, over-the-counter market between private dealers that is not operated or supervised by NSE, BSE or SEBI. No trade settles through a clearing corporation and no dealer is obliged to honour a quote, so the premium can change sharply within a day or disappear after bidding closes.

The premium is checked about every 20 minutes from third-party grey-market reporters while the issue is live. The history table adds a row only when the premium changes, with the date and time it changed, how much it moved and the listing price it implies.

NSE and BSE publish the category-wise bids for every open issue during bidding hours. This page reads that feed and shows the QIB, NII and retail book, plus one row per day so the build-up over the issue can be compared.

Subscription of 2× means bids were received for twice the number of shares offered in that category. When a category is oversubscribed, allotment in it is decided by the registrar under the basis-of-allotment rules — retail by lottery for the minimum lot, for example.

Allotment for the Shellz India IPO is expected to be finalised on 21 October 2026, the trading day after the issue closes on 19 October 2026. Under SEBI's T+3 timeline refunds and demat credit follow on 22 October 2026 and the shares list on 23 October 2026. Dates are tentative until the registrar and exchange confirm them.

Allotment is decided and published by the registrar, BIGSHARE SERVICES PRIVATE LIMITED — not by the exchange and not by alphave. Open the registrar's IPO allotment page, choose the issue, and enter your PAN, application number or DP ID / client ID. Your bank will also show the blocked amount released if shares were not allotted.

The registrar to the Shellz India IPO is BIGSHARE SERVICES PRIVATE LIMITED. The registrar processes applications, finalises the basis of allotment with the exchange, and handles refunds.

The amount blocked in your bank account under ASBA or the UPI mandate is released, normally on the day allotment is finalised or the next working day. No shares are credited and nothing further is needed from you.

Bidding for the Shellz India IPO opens on 15 October 2026 and closes on 19 October 2026. Exchange bidding runs from 10:00 am to 5:00 pm IST on each day; UPI mandates must be accepted by 5:00 pm on the closing day, and brokers may stop taking bids somewhat earlier.

The shares are scheduled to list on 23 October 2026 on BSE SME. Trading starts at 10:00 am IST after the special pre-open session that discovers the listing price.

Applications are made through a broker's app or a bank's net banking using ASBA, or by UPI mandate, between 15 October 2026 and 19 October 2026. The amount is only blocked, not debited, until allotment. Retail bids of up to ₹2,00,000 are usually placed at the cut-off price (₹179); a UPI mandate must be approved by 5:00 pm on the closing day.

19 October 2026 is the last day of bidding. Allotment is then expected on 21 October 2026, refunds and demat credit on 22 October 2026, and listing on 23 October 2026 — tentative until confirmed.

The Shellz India IPO price band is ₹170 to ₹179 per share. Applications are made at the cut-off price, which is the upper end of the band.

One lot is 1600 shares, so a single application at the ₹179 cut-off costs ₹2,86,400. One lot already exceeds the ₹2,00,000 retail limit, so this issue can only be applied for in the HNI category.

₹2,86,400 — one lot of 1600 shares at ₹179. Bids in the non-institutional category start above ₹2,00,000 and are made in multiples of the lot.

Shellz India is an SME issue listing on BSE SME. SME issues have a larger minimum lot and trade on the exchange's SME platform after listing. The lead manager is SOCRADAMUS CAPITAL PRIVATE LIMITED.

The issue size is ₹59.97 crore, of which ₹59.97 crore is a fresh issue.

Shellz India reported a profit after tax of ₹13.37 crore in FY2026. Earlier years are in the table above.

From the restated financial statements in the company's draft and final offer documents filed with SEBI and the exchange. alphave reports them as filed, in ₹ crore, and does not publish a valuation or a view on the issue.

The offer document for the Shellz India IPO is linked on this page as filed with the exchange; SEBI and the lead managers also host it.

The Draft Red Herring Prospectus is the document a company files with SEBI before an IPO. It describes the business, the financials, the risk factors, the promoters and how the money raised will be used. The Red Herring Prospectus (RHP) is the version filed just before the issue opens, with the price band and dates added.

Ability to develop differentiated products across formats and price points Our presence at mass-market price-points supported by a diversified product portfolio Super stockist-led distribution model enabling scalable market reach The page lists all 4 as disclosed.

There are outstanding legal proceedings involving our Company, Subsidiaries, Group Companies, Promoters, Directors, Key Managerial Personnel and Senior Managerial Personnel. Any adverse decision in such proceedings may have a material adverse effect on our business, results of operations and financial condition We had been in past subject to legal proceedings under Insolvency and Bankruptcy Code, 2016 and Section 138 of the Negotiable Instruments Act, 1881. Any such legal proceedings against our Company would lead to an adverse impact on the results of operations, cash flows and financial condition Our proposed shifting of manufacturing operations from Delhi to Sonipat, Haryana may involve operational risks and uncertainties which could adversely affect our business, operations and financial condition The page lists all 8 disclosed risk factors.

The Shellz India shares are scheduled to list on 23 October 2026 on BSE SME. The listing price is discovered in a special pre-open session from 9:00 am and normal trading begins at 10:00 am IST.

On listing day the exchange runs a special pre-open session for the new stock from 9:00 am IST in which orders are collected and the listing price is discovered; continuous trading in the shares begins at 10:00 am IST.

Subscription figures are the exchange's own category-wise bids (NSE and BSE), refreshed every 5 minutes while bidding is open and frozen at the final tally after close. GMP is an unofficial grey-market indicator read about once an hour from third-party reporters, each reading timestamped. Price band, lot size, issue size, dates, registrar and lead managers are from the exchange's issue master and the offer document filed with SEBI. Financials and the shareholding pattern are as restated in the offer document; allotment is published only by the registrar, which this page links to. Anchor investor allocations, where shown, are the exchange's anchor allocation file.