Shellz IPO
Open Date
15 Oct 2026
Close Date
19 Oct 2026
Open Date
15 Oct 2026
Close Date
19 Oct 2026
Min Investment
Lot Size
Issue Size
Price Range
Subscribed

Founded In
2012
CEO
-
Financials of Shellz India IPO
| Key Performance Indicators | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|
| Operating Revenue | 162.41 | 186.97 | 192.61 |
| Other Income | 0.39 | 0.41 | 0.56 |
Total Income | 162.80 | 187.39 | 193.18 |
Total Expenses | 154.83 | 174.77 | 173.88 |
| Profit Before Tax | 7.97 | 12.62 | 19.29 |
Total Profit | 5.25 | 8.30 | 13.37 |
All figures are in crores (₹)

Utilisation of Proceeds
All figures are in crores (₹)
| Purpose | Amount |
|---|---|
| The company proposes to utilize a portion of the Net Proceeds towards repayment and/or pre-payment of certain existing borrowings availed from banks and financial institutions, with aggregate outstanding borrowings intended to be repaid not exceeding the allocated amount in Lakhs. | 22 |
| The company intends to utilize a portion of the Net Proceeds to fund its incremental working capital requirements in Fiscal 2027, supporting expansion of manufacturing and distribution operations, procurement of raw materials, and scaling of its confectionery product portfolio. | 23 |
| The company proposes to deploy the balance Net Proceeds towards general corporate purposes including acquisition of fixed assets, funding growth opportunities, strategic initiatives, brand building, administration, marketing, repairs, maintenance, and other ordinary course business expenses, subject to applicable regulatory limits. | - |

- Ability to Develop Differentiated Products Across Formats and Price Points: The company develops differentiated confectionery products across formats including baked treats, choco delights, jellies, and panned & sugar candies, supported by an in-house team of food and packaging technologists, with offerings ranging from mass-market ₹1 products to premium 'Tosca' items like 'Oat Choco' at ₹100–₹400.
- Presence at Mass-Market Price Points Supported by a Diversified Product Portfolio: A majority of the company's SKUs are priced at ₹10 or below, aligning with Indian confectionery consumption patterns where 68% of non-adult consumers opt for confectionery at ₹10 or below, enabling participation across urban, semi-urban, and rural markets.
- Super Stockist-Led Distribution Model Enabling Scalable Market Reach: The company distributes products through a network of over 300 super stockists across 24 states in India, with the super stockist channel contributing 94.38% of revenue (₹4,458.57 lakhs) for the period ended June 30, 2026, enabling wide geographic reach without a direct retail salesforce.
- Integrated In-House Manufacturing Capabilities with Focus on Scalability and Process Control: The company manufactures all consumer products in-house at facilities in Delhi and Sonipat, Haryana, with current installed capacity of ~17,100 MTPA and planned expansion to ~34,500 MTPA, using machinery sourced from Turkey, China, Indonesia, and domestic suppliers.
- In-House Product Development Capabilities Supported by Technical Expertise: The company's product development is supported by an in-house team of food and packaging technologists who handle formulation development, ingredient selection, product trials, and packaging design, enabling controlled introduction of new products across categories.
- Experienced Promoters and Management Team: The company is led by Promoter Kapil Garg, who has over two decades of experience in the consumer-packaged food industry, supported by a senior management team with expertise in strategy, finance, engineering, and sales, including CFO Sangeeta Thakur with ~20 years of financial management experience.

