SI

Shellz India Limited IPO

GMP, Subscription, Price, Allotment, Listing Date & AI Prediction

Open

BSE SME

PRICE BAND

Rs 170 - 179

LOT SIZE

1,600

Shares

MIN INVEST

Rs 2.9L

CUT-OFF

Rs 179

per share

Open

15 Oct 2026

Last Day

19 Oct 2026

Allotment

21 Oct 2026

Expected Refund

22 Oct 2026

Listing

23 Oct 2026

GMP Today

1m ago

0%

Rs 0 premium

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GMP Graph

Est. Listing Price

GMP Based

Rs 179

Issue Price + GMP (Dynamic)

Est. Profit (1 Lot)

GMP Based

+Rs 0

+0.0% (1600 shares)

Subscription

0.65x

Day 2 - Live

Sub. Page

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Real-time subscription data

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Current IPO Status: open

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About Shellz India Limited

Confectionery and Food Products

The company was incorporated in 2007 and has operated under earlier names including Powermech Services Private Limited. Its services cover HVAC systems, chiller plants, industrial compressors, cooling equipment and related utilities. As of 30 June 2026, it reported 399 employees and an order book of approximately ₹491.12 crore.

Groww +1

IPO_DETAILS_LONG: Ravita Engineering Services Limited is launching an NSE SME book-built IPO comprising 1,03,62,000 fresh equity shares with a face value of ₹5 per share. The price band is ₹105 to ₹112 per share and the issue size is approximately ₹116.05 crore at the upper price band. The issue opens on 14 October 2026 and closes on 16 October 2026. The reported tentative allotment date is 19 October 2026, with refund and demat processing expected around 21 October and listing expected on 22 October 2026. The proceeds are intended for long-term working capital, heavy equipment purchases and general corporate purposes.

NSE India +2

Issue Details

Total Issue Size

Rs 116 Cr

Issue Size for Retail

Rs 40.62 Cr

Fresh Issue vs OFS

Fresh Issue
Rs 116.05 Cr (100%)

Reservation Quota

QIB

50%

Retail

35%

NII

15%

Lead Manager

Socradamus Capital Private Limited

Registrar

Bigshare Services Private Limited

Objects of the Issue (as per DRHP)

  • 1To meet long-term working capital requirements - 70.00
  • 2Purchase of heavy equipment for capital expenditure - 25.53
  • 3General Corporate Purposes - balance of net proceeds after the above specified objects and issue expenses

Key Performance Indicator (KPI)

KPIMar 31, 2025Mar 31, 2026
ROE20.45%26.87%
ROCE17.50%19.11%
Debt/Equity1.931.71
RoNW20.46%22.68%
PAT Margin4.44%6.94%
EBITDA Margin12.18%15.65%
Price to Book Value2.65
Check IPO Peer Comparison here.
Pre IPOPost IPO
EPS (Rs)15.3413.52
P/E (x)11.6713.24
Promoter Holding88.11%63.64%
Market CapRs 216.00 Cr.

Kapil Garg; Shalini Garg

Shellz India Limited Financials

Company financial data by reporting period. Amounts in Rs crore; ratios and percentages as labelled. A dash means not available, not zero.
MetricFY24FY25FY26
Total Income162.81187.39193.18
Net Profit (PAT)5.258.313.37
EBITDA18.9422.7930.15
Borrowings70.9378.18100.83
ROE19.45%20.45%26.87%
ROCE15.89%17.5%19.11%
Debt/Equity2.631.931.71
Assets147.04167.36213.72

Company Financials

Financial charts load as you reach this section.

MARKET SENTIMENT SCORE

0
50
100
50
3

Based on expert reviews, GMP trends & market signals

Expert Reviews & Opinions

Expert reviews for Shellz India Limited IPO will appear here once available.

Reviews are summarized from YouTubers, analysts, news channels, and brokerage firms using AI.

Company Contact Details

Office No. 202, 2nd Floor, Mayuresh Square, Plot No. 17, Sector 15, CBD Belapur, Thane, Maharashtra 400614
+91 9136446482
[email protected]
Visit Website

Green Flags

  • Total income increased from ₹13.53 crore in FY24 to ₹277.82 crore in FY26.
  • The Economic Times
  • FY26 profit after tax was ₹28.04 crore, compared with ₹11.83 crore in FY25.
  • MerchantBanker
  • The reported order book stood at ₹491.12 crore as of 30 June 2026.
  • Groww
  • The business combines project execution with recurring operations and maintenance services across multiple operating environments.
  • Groww

Red Flags

  • Revenue has a high concentration among the company's largest customers, as noted in IPO coverage.
  • Groww
  • The business operates through project-based contracts, exposing execution and working-capital requirements to project timing. The IPO allocates ₹70 crore toward long-term working capital.
  • The Economic Times
  • FY25 reported return-on-equity and return-on-net-worth figures are unusually high relative to FY26, so the movement should be reviewed in the context of the company's changing net-worth base.

Grey Market Premium

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Frequently Asked Questions

What is the price band of Shellz India Limited IPO?

The price band is Rs 170-179 per share. One lot contains 1600 shares; its value at the upper price is Rs 2,86,400. Check the issue terms for the minimum application size applicable to your category.

What are the bidding dates for Shellz India Limited IPO?

The scheduled bidding period is 15 Oct 2026 to 19 Oct 2026.

When is Shellz India Limited IPO scheduled to list?

The scheduled listing date is 23 Oct 2026. The actual listing price is determined on the exchange, not by the grey market premium or an AI estimate.

Who is the registrar for Shellz India Limited IPO?

Bigshare Services Private Limited is the registrar. See the allotment page for the available schedule and official checking link.

Who manages Shellz India Limited IPO?

Lead manager information recorded for this issue: Socradamus Capital Private Limited.

Disclaimer

IPOGyani is not SEBI registered and does not provide investment advice. All information is for educational purposes only.

AI predictions are probabilistic estimates based on historical data and market trends. Past performance is not indicative of future results.

GMP (Grey Market Premium) data is sourced from various unofficial channels and may not be accurate. Always verify from multiple sources.

Investors should do their own research (DYOR) and consult a SEBI registered advisor before investing.

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