Shellz India plans ₹60 crore IPO on BSE SME
In short
Shellz India plans to raise ₹60 crore through an IPO on the BSE SME. The publisher summary says it will issue 33.50 lakh equity shares at a price band of ₹170 to ₹179 each.
This matters because it could bring fresh money into the company and give investors a new SME listing to watch. The reporting does not say when the issue will open or what the money will be used for.
What the reporting says
Shellz India plans to raise ₹60 crore through an IPO on the BSE SME, according to the headline and a publisher summary that says it will issue 33.50 lakh equity shares at a price band of ₹170–179 a share. The reporting does not say the timing, use of proceeds, or investor response. The key fact is the planned fund-raise size and offer structure.
Why it matters
Shellz India plans to launch an IPO on the BSE SME to raise ₹60 crore, with 33.50 lakh equity shares offered at ₹170–179 each, according to the headline and publisher summary. That points to a small-cap fundraising event for investors watching SME listings. The reporting does not state the issue dates, listing timeline, or how the company will use the proceeds.