Shellz India SME IPO opens at Rs 170-179 per share
In short
Shellz India’s SME IPO opened for subscription today.
The price band is Rs 170 to Rs 179 per share, and one lot is 800 shares. A retail investor needs Rs 2,86,400 to apply for two lots at the top price, but it is not known yet how much demand there is.
What the reporting says
Shellz India SME IPO opened for subscription today with a price band of Rs 170 to Rs 179 per share and a lot size of 800 shares. At the upper end, a retail investor applying for two lots, or 1,600 shares, would need Rs 2,86,400. The report does not state demand, subscription levels or listing plans.
Why it matters
The available summary says Shellz India opened its SME IPO for subscription with a price band of Rs 170 to Rs 179 per share and a lot size of 800 shares. It also notes that a two-lot retail application at the upper price would cost Rs 2,86,400. The reporting does not say how the issue is being received or what funds will be used for.