Shellz India IPO Day 3: Subscription Closes Today, 19 October 2026
- October 19, 2026
- Posted by: Harsh Piplani
- Category: IPO
Shellz India IPO closes today, 19 Oct 2026. Subscribed 0.89x through Day 2: NII 2.18x, Retail 0.85x, QIB 0.00x. Price band Rs 170-179.
Quick Answer
The Shellz India IPO is on its final day of bidding on 19 October 2026. The issue built from 0.76 times at the Day 1 close to 0.89 times at the Day 2 close on 16 October, with NII at 2.18 times, retail at 0.85 times and QIB yet to bid. With bidding open until the end of today’s session, the final subscription figure depends on demand in the closing hours.
Shellz India Limited, a confectionery and bakery ingredients maker, has reached the final day of its IPO subscription window today, 19 October 2026. The Shellz India IPO opened on 15 October 2026 and is a book built SME issue of 33,50,400 shares, entirely a fresh issue worth about Rs 59.97 crore at the upper band. The shares are proposed to list on the BSE SME platform.
Bidding resumes today after the weekend. Day 2 bids were for about 18.90 lakh shares against 21.16 lakh shares on offer to the public, which excludes the anchor portion, from 746 applications. Big NII bidders led at 2.76 times, small NII bidders reached 1.00 times and retail was at 0.85 times.
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Shellz India IPO Details
The table below sets out the key parameters of the Shellz India IPO.
| Open Date | 15 October 2026 |
| Close Date | 19 October 2026 |
| Face Value | Rs 10 per share |
| Price Band | Rs 170 to Rs 179 per share |
| Lot Size | 800 shares (minimum application 1,600 shares) |
| Issue Size | Rs 59.97 crore (entirely fresh issue) |
| Issue Type | Book Built Issue, SME |
| Listing At | BSE SME |
| Allotment Date | 21 October 2026 |
| Listing Date | 23 October 2026 |
Shellz India IPO Subscription Status Day 3
The table below tracks how the issue has moved through its bidding window, from the Day 1 close through to the Day 2 reading on Friday, 16 October.
| Session | Overall | QIB | NII | Retail |
|---|---|---|---|---|
| Day 1 close (15 Oct) | 0.76x | 0.00x | 2.03x | 0.65x |
| Day 2 close (16 Oct) | 0.89x | 0.00x | 2.18x | 0.85x |
| Day 3, closing day so far (19 Oct) | Updating through the session | |||
The QIB quota of 6,04,800 shares still had no bids at the Day 2 reading, and SME issues often see institutional bids on the final day. Figures are the roughly 5:30 PM reading on 16 October, so confirm final numbers on BSE once bidding closes today.
Track Subscription Status for the issue on the Univest Screener
How to Apply for the Shellz India IPO
- Open a Demat and trading account with a SEBI-registered broker such as Univest if you do not already have one.
- Select the issue on your broker app or net banking platform and enter your bid quantity and price within the Rs 170 to Rs 179 band, with a minimum application of 1,600 shares.
- Submit the application through the UPI-based ASBA method so the bid amount is blocked rather than debited immediately.
- Approve the UPI mandate on your phone before the daily cut off time, since the issue closes for good after this session.
Download the Univest iOS App or Univest Android App to apply for the issue before it closes today.
Grey market premium (GMP) is an unofficial, unregulated indicator for the issue that is not endorsed by SEBI, NSE, or BSE. Investors looking for indicative GMP data can go through other relevant sources, though such figures should never be the sole basis for an investment decision.
Conclusion
The issue closes today with the overall book at 0.89 times through Day 2, with NII well past its quota and retail close behind. Investors considering the issue should weigh the Rs 2,86,400 minimum application, the borrowings on the balance sheet and SME liquidity, read the RHP on bseindia.com, and apply only after independent due diligence before the window shuts today.
Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).
FAQs
What is the Shellz India IPO subscription status on Day 3?
Ans. On the closing day, 19 October 2026, the issue carries forward a Day 2 reading of 0.89 times overall, with NII at 2.18 times, retail at 0.85 times and QIB at 0.00 times, and figures are updating through today’s final session.
When does the Shellz India IPO close?
Ans. The issue closes for subscription today, 19 October 2026, having opened on 15 October 2026.
What is the Shellz India IPO price band and lot size?
Ans. The issue price band is Rs 170 to Rs 179 per share, with a lot size of 800 shares. The minimum application is 1,600 shares, which is about Rs 2,86,400 at the upper price band.
Is the Shellz India IPO fully subscribed?
Ans. Not yet. The issue stood at 0.89 times after Day 2, with NII at 2.18 times, retail at 0.85 times and QIB yet to bid, and the final figure will be confirmed once bidding closes today.
What is the Shellz India IPO GMP?
Ans. Grey market premium (GMP) is an unofficial, unregulated indicator for the issue that is not endorsed by SEBI, NSE, or BSE. Investors looking for indicative GMP data can go through other relevant sources, though such figures should never be the sole basis for an investment decision.
How do I apply for the Shellz India IPO?
Ans. You can apply for the issue through your SEBI-registered broker or UPI-enabled banking app using the ASBA method, enter your bid quantity and price within the Rs 170 to Rs 179 band, with a minimum application of 1,600 shares, then approving the UPI mandate before the daily cut off.
When will the Shellz India IPO be allotted and listed?
Ans. The issue allotment is expected to be finalised on 21 October 2026, with listing on the BSE SME platform tentatively scheduled for 23 October 2026.
What does Shellz India Limited do?
Ans. Shellz India Limited manufactures, markets and supplies confectionery, food and bakery ingredients under the Hugs and Tosca brands, with around 250 products.
