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SYMBOL - SHLZ
Shellz India
GMP StatusClosed
⏳ Allotment not liveCheck Allotment →
📅 IPO Dates
| IPO Open Date | 15 Oct 2026 |
| IPO Close Date | 19 Oct 2026 |
| IPO Allotment Date | 21 Oct 2026 |
| IPO Refund Date | 22 Oct 2026 |
| IPO Share Credit | 22 Oct 2026 |
| IPO Listing Date | 23 Oct 2026 |
📋 IPO Issue Details
| Lot Size | 800 Shares |
| Price Band | ₹170 to ₹179 |
| One Lot Price (on Cutoff) | ₹2,86,400 |
| Face Value | ₹10 |
| Market Cap | ₹156.03 Cr |
📘 IPO Details
| IPO Category | SME |
| Symbol | SHLZ |
| Listing At | BSE SME |
📄 IPO TYPE
| Sale Type | Fresh Capital |
| Total Issue Size | 33,50,400 Shares(agg. up to ₹60 Cr) |
| Fresh Issue | 30,20,800 Shares(agg. up to ₹54 Cr) |
| Market Maker | 3,29,600 Shares(agg. up to ₹6 Cr) |
🤝 Shareholding
| Pre Issue Shares | 87,16,704 Shares |
| Post Issue Shares | 1,20,67,104 Shares |
🏢 About Shellz India
Shellz India Ltd., founded in 2015 and headquartered in Bengaluru, is a clean‑technology firm that designs, manufactures, and distributes high‑performance lithium‑ion battery modules for electric vehicles, renewable‑energy storage, and consumer electronics in India and select overseas markets.
The business model integrates an in‑house R&D lab that creates proprietary cell chemistry, a gigafactory that produces standardized modules, and a channel of OEM partners that embed the modules into final products, ensuring control over quality, cost, and supply.
Shellz earns revenue from direct battery‑pack sales, long‑term service contracts for storage‑system maintenance, and licensing its battery‑management software. The recurring service and royalty streams provide a stable cash flow that mitigates cyclical demand.
Proceeds from the IPO will fund a capacity expansion to 1.5 GWh by 2028, development of solid‑state cells, and scaling of sales across Tier‑2 cities, leveraging government incentives for green manufacturing. This positions Shellz as a pivotal player in India’s low‑carbon transition.
The business model integrates an in‑house R&D lab that creates proprietary cell chemistry, a gigafactory that produces standardized modules, and a channel of OEM partners that embed the modules into final products, ensuring control over quality, cost, and supply.
Shellz earns revenue from direct battery‑pack sales, long‑term service contracts for storage‑system maintenance, and licensing its battery‑management software. The recurring service and royalty streams provide a stable cash flow that mitigates cyclical demand.
Proceeds from the IPO will fund a capacity expansion to 1.5 GWh by 2028, development of solid‑state cells, and scaling of sales across Tier‑2 cities, leveraging government incentives for green manufacturing. This positions Shellz as a pivotal player in India’s low‑carbon transition.
📊 Live Subscription & Allocation
| Category | Sub (x) | Shares Offered |
|---|---|---|
| QIB | - | 15,09,600 (45.06%) |
| ↳Anchor Investor | Allocated | 9,04,800 (27.01%) |
| ↳QIB (Ex. Anchor) | 41.92x | 6,04,800 (18.05%) |
| NII (HNI) | 86.41x | 4,53,600 (13.54%) |
| ↳bNII > ₹10L | 98.42x | 3,02,400 (9.03%) |
| ↳sNII < ₹10L | 62.41x | 1,51,200 (4.51%) |
| Retail | 56.09x | 10,57,600 (31.57%) |
| Total Issue | 58.54x | 33,50,400 (100.00%) |
📦 Application Lots
| App. | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 2 | 1600 | ₹2,86,400 |
| Retail (Max) | 2 | 1600 | ₹2,86,400 |
| S-HNI (Min) | 3 | 2400 | ₹4,29,600 |
| S-HNI (Max) | 6 | 4800 | ₹8,59,200 |
| B-HNI (Min) | 7 | 5600 | ₹10,02,400 |
⚓ Anchor Details
| Anchor Bid Date | 14 Oct 2026 |
| Shares Offered | 9,04,800 |
| Anchor Portion | ₹16.20 Cr. |
| Lock-in Period End Date for 50% shares (30 Days) | 20 Nov 2026 |
| Lock-in Period End Date for Remaining Shares (90 Days) | 19 Jan 2027 |
🎯 Purpose / Objectives
| Issue Objective | Est. 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 purposes | - |
💰 Financial Information
Amount in ₹ Crore
📈 Shellz India Fundamentals & Valuation
🏢 Registrar Details
| Registrar Name | Bigshare Services |
| Contact Phone | +91-22-6263 8200 |
| Email ID | ipo@bigshareonline.com |
| Office Address | Office No S6-2, 6th Floor, Pinnacle Business Park, Andheri (East), Mumbai - 400 093 |
❓ Frequently Asked Questions (Shellz India IPO)
When will the Shellz India IPO open and close?
The Shellz India IPO is scheduled to open for subscription on 15 Oct 2026 and will close on 19 Oct 2026.
When is the allotment date for Shellz India IPO?
The basis of allotment for the Shellz India IPO is expected to be finalized on 21 Oct 2026. Investors can check their allotment status online through the registrar, Bigshare Services.
What is the latest GMP for Shellz India IPO today?
As of today, the current Grey Market Premium (GMP) for Shellz India is Closed. Please note that GMP is highly volatile and indicates unofficial market sentiment prior to listing.
What is the lot size and minimum investment for Shellz India?
The price band for the Shellz India IPO is set at ₹170 to ₹179. Retail investors must apply for a minimum of 1 lot, which consists of 800 shares, requiring a minimum investment amount of ₹2,86,400.
When will the Shellz India IPO be listed on the stock exchange?
The expected listing date for the Shellz India IPO is 23 Oct 2026. On this day, the shares will officially begin trading.
🧮 Profit Calculator
Invested
₹1,43,200
Exp. Profit
₹4,000
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