About the Shellz India IPO
Shellz India is a SME issue listing on BSE SME with an issue size of ₹59.97 Cr. The price band is ₹179 per share and one lot is 800 shares. Bidding runs from 15 Oct 2026 to 19 Oct 2026. SME issues have a larger minimum application; one lot costs ₹1,43,200 at the upper band, so check the offer document for the minimum number of lots.
What the GMP implies
At the last recorded GMP of ₹43.5, the grey market is pricing Shellz India at about ₹222 on listing, against the upper price band of ₹179, or roughly ₹34,800 per lot.
Trackers quote between ₹35 and ₹47 across 8 sources. GMP changes daily and is often wrong on listing day: it is an unofficial figure from informal dealers, not a price you can trade at.
Shellz India IPO key dates
| Bidding opens | 15 Oct 2026 |
| Bidding closes | 19 Oct 2026 |
| Allotment | 20 Oct 2026 |
| Refunds start | 21 Oct 2026 (expected) |
| Shares credited to demat | 21 Oct 2026 (expected) |
| Listing | 23 Oct 2026 |
Dates marked "expected" follow SEBI's T+3 timeline from the closing date and change if the company announces otherwise.
How much to apply with
| Category | Lots | Shares | Amount |
|---|---|---|---|
| One lot | 1 | 800 | ₹1,43,200 |
| Two lots | 2 | 1,600 | ₹2,86,400 |
SME issues set their own minimum application; check the offer document.
How to apply
1. Open the IPO section in your broker app, or ASBA in your bank's net banking.
2. Pick Shellz India, enter the number of lots and bid at the cut-off price.
3. Approve the UPI mandate on your phone before the closing day's cut-off.
4. Check allotment after 20 Oct 2026 using the button above.