Confectionery & Food Processing - Listed on 23 October 2026
Shellz India (Confectionery & Food Processing) closed its IPO window in 2026 and listed on NSE and BSE on 23 October 2026 at an upper band issue price of Rs 179, opening at Rs 179 for a listing gain of 0.0% and closing day one at Rs 170.05 (-5.0% on closing basis). The IPO was subscribed 50.79x overall - QIB 41.92x, HNI/NII 50.47x, Retail 56.09x. The total issue size was Rs 59.97 Cr (Fresh Issue Rs 59.97 Cr, OFS Rs 0 Cr). IPO GMP data, subscription trends across Day 1 - Day 3 and Nifty performance around the listing window are detailed below.
Confectionery & Food Processing
Shellz India operates in the Confectionery & Food Processing space. The company’s listed profile is shaped by its operating niche, customer demand and ability to convert that demand into steady cash flows. Investors should read its exchange filings alongside the headline listing numbers for a fuller view of the business.
Issue structure, listing outcome and context
The Shellz India issue was offered at an upper price of Rs 179 and raised approximately Rs 59.97 crore. The final outcome reflected a mix of subscription demand, valuation, market conditions and the company’s own operating story. Fresh issue and offer-for-sale details, where available, are shown in the issue metrics below.
Number of times each investor category subscribed by close of Day 3.
How overall subscription built up across the three-day issue window.
Grey market premium (GMP) tracked day-by-day across the IPO window. Absolute GMP is the premium in rupees over the upper issue price; GMP % is that premium as a percent of the issue price.
| Day | GMP (Rs) | GMP % |
|---|---|---|
| Day 1 | - | - |
| Day 2 | - | - |
| Day 3 | - | - |
| Day 4 | - | - |
| Day 5 | - | - |
How the broader market moved around the Shellz India IPO window. Helpful for isolating how much of the listing gain came from company fundamentals vs. market tailwind.
Shellz India IPO listed at 0.0% versus the upper issue price of Rs 179 on 23 October 2026.
Shellz India IPO was subscribed 50.79x overall. QIB portion was subscribed 41.92x, HNI / NII 50.47x and Retail 56.09x.
Day-by-day IPO GMP data for Shellz India is listed in the table above.