While the source of the script does not seem trustworthy (IP address?), this might still be legit. With shell scripts it is possible to append binary content at the end and thus build a type of installer. Years ago, Sun would ship the JDK for Solaris in exactly that form. I don't know if that's still the case, though.
If you wanna test it without risk, I'd install a Linux in a VirtualBox (free virtual-machine software), run the script there and see what it does.
Addendum on see what it does: There's a variety of tools on UNIX that you can use to analyze a binary program, like strace, ptrace, ltrace. What might also be interesting is running the script using chroot. That way you can easily find all files that are installed.
But at the end of the day this will probably yield more binary files which are not easy to examine (as probably any developer of anti-virus software will tell you). Therefore, if you don't trust the source at all, don't run it. Or if you must run it, do it in a VM where at least it won't be able to do too much damage or access any of your data.