{"id":308739,"date":"2026-10-15T01:30:54","date_gmt":"2026-10-14T20:00:54","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=308739"},"modified":"2026-10-15T01:30:54","modified_gmt":"2026-10-14T20:00:54","slug":"shellz-india-initial-public-offering-day-1-subscription-15-october-2026","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/shellz-india-initial-public-offering-day-1-subscription-15-october-2026\/","title":{"rendered":"Shellz India IPO Day 1: Subscription Opens Today, 15 October 2026"},"content":{"rendered":"<p style=\"border-left:4px solid #1F4E79;background:#EBF3FB;padding:10px 16px;font-style:italic;\"><em>Shellz India IPO opens today, 15 Oct 2026, closes 19 Oct. Price band Rs 170-179. Lot size 800 shares. Lists on BSE SME on 23 Oct.<\/em><\/p>\n<div style=\"background:#F0F9FF;border-left:4px solid #2E7D32;border-radius:6px;padding:14px 18px;margin:18px 0;\">\n<p style=\"margin:0;color:#1F4E79;font-size:14px;\"><strong>Quick Answer<\/strong><\/p>\n<p style=\"margin:8px 0 0;\">The Shellz India IPO opens for subscription today, 15 October 2026, and will remain open until 19 October 2026. Shellz India Limited makes confectionery, food and bakery ingredients under the Hugs and Tosca brands, and is raising about Rs 59.97 crore entirely through a fresh issue. The price band is set at Rs 170 to Rs 179 per share, with a lot size of 800 shares, and the shares are proposed to list on the BSE SME platform. Since bidding has only just opened, subscription figures will start reflecting real demand as the days progress, so investors should track the live numbers through the session before deciding.<\/p>\n<\/p><\/div>\n<p>Shellz India Limited, a confectionery and bakery ingredients company promoted by Kapil Garg and Shalini Garg, has opened its IPO for subscription today, 15 October 2026. The Shellz India IPO is a book built SME issue of 33,50,400 equity shares worth about Rs 59.97 crore at the upper band of Rs 179, with no offer for sale component. Bidding remains open until 19 October 2026, and the shares are proposed to list on the BSE SME platform.<\/p>\n<p>The company manufactures, markets and supplies around 250 confectionery, food and bakery ingredient products under the mass market Hugs brand and the premium Tosca brand. Proceeds are earmarked for repaying borrowings of Rs 22 crore, incremental working capital of Rs 23 crore and general corporate purposes. The anchor book was scheduled for 14 October.<\/p>\n<p style=\"margin-top:24px;\"><a href=\"https:\/\/univest.in\/user\/log-in?utm_source=blogs&#038;utm_medium=shellz-india-ipo-day1\"><strong>Click Here &#8211; Get Free Investment Predictions<\/strong><\/a><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/univest.in\/blogs-2\/shellz-india-initial-public-offering-day-1-subscription-15-october-2026\/#Shellz_India_IPO_Details\" title=\"Shellz India IPO Details\">Shellz India IPO Details<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/univest.in\/blogs-2\/shellz-india-initial-public-offering-day-1-subscription-15-october-2026\/#Shellz_India_IPO_Quick_Facts\" title=\"Shellz India IPO Quick Facts\">Shellz India IPO Quick Facts<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/univest.in\/blogs-2\/shellz-india-initial-public-offering-day-1-subscription-15-october-2026\/#Shellz_India_IPO_Share_Reservation\" title=\"Shellz India IPO Share Reservation\">Shellz India IPO Share Reservation<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/univest.in\/blogs-2\/shellz-india-initial-public-offering-day-1-subscription-15-october-2026\/#Shellz_India_IPO_Subscription_Status_Day_1\" title=\"Shellz India IPO Subscription Status Day 1\">Shellz India IPO Subscription Status Day 1<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/univest.in\/blogs-2\/shellz-india-initial-public-offering-day-1-subscription-15-october-2026\/#How_to_Apply_for_the_Shellz_India_IPO\" title=\"How to Apply for the Shellz India IPO\">How to Apply for the Shellz India IPO<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/univest.in\/blogs-2\/shellz-india-initial-public-offering-day-1-subscription-15-october-2026\/#About_Shellz_India_Limited\" title=\"About Shellz India Limited\">About Shellz India Limited<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/univest.in\/blogs-2\/shellz-india-initial-public-offering-day-1-subscription-15-october-2026\/#Conclusion\" title=\"Conclusion\">Conclusion<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/univest.in\/blogs-2\/shellz-india-initial-public-offering-day-1-subscription-15-october-2026\/#FAQs\" title=\"FAQs\">FAQs<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/univest.in\/blogs-2\/shellz-india-initial-public-offering-day-1-subscription-15-october-2026\/#What_is_the_Shellz_India_IPO_subscription_status_on_Day_1\" title=\"What is the Shellz India IPO subscription status on Day 1?\">What is the Shellz India IPO subscription status on Day 1?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/univest.in\/blogs-2\/shellz-india-initial-public-offering-day-1-subscription-15-october-2026\/#When_does_the_Shellz_India_IPO_open_and_close\" title=\"When does the Shellz India IPO open and close?\">When does the Shellz India IPO open and close?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/univest.in\/blogs-2\/shellz-india-initial-public-offering-day-1-subscription-15-october-2026\/#What_is_the_Shellz_India_IPO_price_band_and_lot_size\" title=\"What is the Shellz India IPO price band and lot size?\">What is the Shellz India IPO price band and lot size?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/univest.in\/blogs-2\/shellz-india-initial-public-offering-day-1-subscription-15-october-2026\/#What_is_the_issue_size_and_structure_of_the_Shellz_India_IPO\" title=\"What is the issue size and structure of the Shellz India IPO?\">What is the issue size and structure of the Shellz India IPO?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/univest.in\/blogs-2\/shellz-india-initial-public-offering-day-1-subscription-15-october-2026\/#What_is_the_Shellz_India_IPO_GMP\" title=\"What is the Shellz India IPO GMP?\">What is the Shellz India IPO GMP?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/univest.in\/blogs-2\/shellz-india-initial-public-offering-day-1-subscription-15-october-2026\/#How_do_I_apply_for_the_Shellz_India_IPO\" title=\"How do I apply for the Shellz India IPO?\">How do I apply for the Shellz India IPO?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/univest.in\/blogs-2\/shellz-india-initial-public-offering-day-1-subscription-15-october-2026\/#When_will_the_Shellz_India_IPO_be_allotted_and_listed\" title=\"When will the Shellz India IPO be allotted and listed?\">When will the Shellz India IPO be allotted and listed?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/univest.in\/blogs-2\/shellz-india-initial-public-offering-day-1-subscription-15-october-2026\/#What_does_Shellz_India_Limited_do\" title=\"What does Shellz India Limited do?\">What does Shellz India Limited do?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/univest.in\/blogs-2\/shellz-india-initial-public-offering-day-1-subscription-15-october-2026\/#How_will_Shellz_India_use_the_IPO_proceeds\" title=\"How will Shellz India use the IPO proceeds?\">How will Shellz India use the IPO proceeds?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-18\" href=\"https:\/\/univest.in\/blogs-2\/shellz-india-initial-public-offering-day-1-subscription-15-october-2026\/#Who_are_the_registrar_and_lead_manager_for_the_Shellz_India_IPO\" title=\"Who are the registrar and lead manager for the Shellz India IPO?\">Who are the registrar and lead manager for the Shellz India IPO?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Shellz_India_IPO_Details\"><\/span><strong>Shellz India IPO Details<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The table below sets out the key parameters of the Shellz India IPO, including the price band, lot size and important dates.<\/p>\n<table border=\"1\" cellpadding=\"6\" cellspacing=\"0\">\n<tr>\n<td><strong>Open Date<\/strong><\/td>\n<td>15 October 2026<\/td>\n<\/tr>\n<tr>\n<td><strong>Close Date<\/strong><\/td>\n<td>19 October 2026<\/td>\n<\/tr>\n<tr>\n<td><strong>Face Value<\/strong><\/td>\n<td>Rs 10 per share<\/td>\n<\/tr>\n<tr>\n<td><strong>Price Band<\/strong><\/td>\n<td>Rs 170 to Rs 179 per share<\/td>\n<\/tr>\n<tr>\n<td><strong>Lot Size<\/strong><\/td>\n<td>800 shares (minimum application 1,600 shares)<\/td>\n<\/tr>\n<tr>\n<td><strong>Issue Size<\/strong><\/td>\n<td>Rs 59.97 crore (entirely fresh issue)<\/td>\n<\/tr>\n<tr>\n<td><strong>Issue Type<\/strong><\/td>\n<td>Book Built Issue, SME<\/td>\n<\/tr>\n<tr>\n<td><strong>Listing At<\/strong><\/td>\n<td>BSE SME<\/td>\n<\/tr>\n<tr>\n<td><strong>Allotment Date<\/strong><\/td>\n<td>21 October 2026<\/td>\n<\/tr>\n<tr>\n<td><strong>Listing Date<\/strong><\/td>\n<td>23 October 2026<\/td>\n<\/tr>\n<\/table>\n<h2><span class=\"ez-toc-section\" id=\"Shellz_India_IPO_Quick_Facts\"><\/span><strong>Shellz India IPO Quick Facts<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table border=\"1\" cellpadding=\"6\" cellspacing=\"0\">\n<tr>\n<th>Particulars<\/th>\n<th>Snapshot<\/th>\n<\/tr>\n<tr>\n<td>Minimum application<\/td>\n<td>Rs 2,86,400 (2 lots, 1,600 shares, at the upper band)<\/td>\n<\/tr>\n<tr>\n<td>Small HNI range<\/td>\n<td>3 to 6 lots (Rs 4,29,600 to Rs 8,59,200)<\/td>\n<\/tr>\n<tr>\n<td>Big HNI minimum<\/td>\n<td>7 lots, 5,600 shares (Rs 10,02,400)<\/td>\n<\/tr>\n<tr>\n<td>Promoter holding<\/td>\n<td>88.11 percent before the issue, 63.64 percent after<\/td>\n<\/tr>\n<tr>\n<td>Registrar<\/td>\n<td>Bigshare Services Pvt Ltd<\/td>\n<\/tr>\n<tr>\n<td>Lead Manager<\/td>\n<td>Socradamus Capital Pvt Ltd<\/td>\n<\/tr>\n<\/table>\n<p>This snapshot is meant as a quick reference alongside the fuller details table above, so investors scanning the issue on mobile can find the essentials without scrolling through the whole page.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Shellz_India_IPO_Share_Reservation\"><\/span><strong>Shellz India IPO Share Reservation<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The issue offers not more than 50 percent of the net offer to qualified institutional buyers, not less than 15 percent to non-institutional investors and not less than 35 percent to retail investors. Retail bidders must apply for a minimum of 2 lots, or 1,600 shares.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Shellz_India_IPO_Subscription_Status_Day_1\"><\/span><strong>Shellz India IPO Subscription Status Day 1<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Bidding for the issue has opened today, 15 October 2026, so the category wise numbers below will fill in as the session progresses. QIB and larger HNI bids in SME issues can arrive at any point through the bidding window.<\/p>\n<table border=\"1\" cellpadding=\"6\" cellspacing=\"0\">\n<tr>\n<th>Investor Category<\/th>\n<th>Subscription Status, Day 1 (15 Oct)<\/th>\n<\/tr>\n<tr>\n<td>Qualified Institutional Buyers (QIB)<\/td>\n<td>Bidding just opened, updating through the session<\/td>\n<\/tr>\n<tr>\n<td>Non-Institutional Investors (NII)<\/td>\n<td>Bidding just opened, updating through the session<\/td>\n<\/tr>\n<tr>\n<td>Retail Individual Investors<\/td>\n<td>Bidding just opened, updating through the session<\/td>\n<\/tr>\n<tr>\n<td><strong>Overall<\/strong><\/td>\n<td><strong>Bidding just opened, updating through the session<\/strong><\/td>\n<\/tr>\n<\/table>\n<p style=\"margin-top:24px;\"><a href=\"https:\/\/univest.in\/screeners\"><strong>Track Subscription Status for the issue on the Univest Screener<\/strong><\/a><\/p>\n<h2><span class=\"ez-toc-section\" id=\"How_to_Apply_for_the_Shellz_India_IPO\"><\/span><strong>How to Apply for the Shellz India IPO<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ol>\n<li>Open a Demat and trading account with a SEBI-registered broker such as Univest if you do not already have one.<\/li>\n<li>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.<\/li>\n<li>Submit the application through the UPI-based ASBA method so the bid amount is blocked rather than debited immediately.<\/li>\n<li>Approve the UPI mandate on your phone before the daily cut off time, and remember the issue closes on 19 October.<\/li>\n<\/ol>\n<p style=\"margin-top:24px;\"><em>Download the <a href=\"http:\/\/apps.apple.com\/in\/app\/univest-stocks-investment\/id6443753518\" rel=\"nofollow noopener\" target=\"_blank\">Univest iOS App<\/a> or <a href=\"http:\/\/play.google.com\/store\/apps\/details?id=com.univest.capp&#038;hl=en_IN\" rel=\"nofollow noopener\" target=\"_blank\">Univest Android App<\/a> to apply for the issue on its opening day.<\/em><\/p>\n<p>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.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"About_Shellz_India_Limited\"><\/span><strong>About Shellz India Limited<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Shellz India Limited manufactures, markets and supplies confectionery, food and bakery ingredients, with around 250 products. Total income was Rs 162.81 crore in FY24, Rs 187.39 crore in FY25 and Rs 193.18 crore in FY26, while profit after tax rose from Rs 5.25 crore to Rs 8.30 crore and Rs 13.37 crore. Borrowings stood at Rs 109.49 crore as of 30 June 2026, with a debt to equity ratio of about 1.72 times. Promoters hold 88.11 percent before the issue and 63.64 percent after it.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span><strong>Conclusion<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The issue has opened for bidding today, 15 October 2026, offering SME exposure to a confectionery and bakery ingredients maker with rising profits. 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.<\/p>\n<div style=\"background:#CC0000;border-radius:8px;padding:16px 20px;margin:24px 0;\">\n<p style=\"color:#FFFFFF;font-size:13px;line-height:1.7;margin:0;\"><strong style=\"color:#FFFFFF;\">Disclaimer:<\/strong> 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).<\/p>\n<\/p><\/div>\n<h2><span class=\"ez-toc-section\" id=\"FAQs\"><\/span><strong>FAQs<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_Shellz_India_IPO_subscription_status_on_Day_1\"><\/span><strong>What is the Shellz India IPO subscription status on Day 1?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The issue opened for bidding today, 15 October 2026, so Day 1 category wise figures are still filling in through the trading session. Investors can track the live numbers on BSE as the day progresses.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"When_does_the_Shellz_India_IPO_open_and_close\"><\/span><strong>When does the Shellz India IPO open and close?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The issue opened for subscription today, 15 October 2026, and will close on 19 October 2026.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_Shellz_India_IPO_price_band_and_lot_size\"><\/span><strong>What is the Shellz India IPO price band and lot size?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> 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.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_issue_size_and_structure_of_the_Shellz_India_IPO\"><\/span><strong>What is the issue size and structure of the Shellz India IPO?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The issue is entirely a fresh issue of 33,50,400 equity shares worth about Rs 59.97 crore at the upper band, with no offer for sale component.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_Shellz_India_IPO_GMP\"><\/span><strong>What is the Shellz India IPO GMP?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> 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, especially this early in the bidding window.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"How_do_I_apply_for_the_Shellz_India_IPO\"><\/span><strong>How do I apply for the Shellz India IPO?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> 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.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"When_will_the_Shellz_India_IPO_be_allotted_and_listed\"><\/span><strong>When will the Shellz India IPO be allotted and listed?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The issue allotment is expected to be finalised on 21 October 2026, and the shares are tentatively scheduled to list on the BSE SME platform on 23 October 2026.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_does_Shellz_India_Limited_do\"><\/span><strong>What does Shellz India Limited do?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Shellz India Limited manufactures, markets and supplies confectionery, food and bakery ingredients under the Hugs and Tosca brands, with around 250 products.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"How_will_Shellz_India_use_the_IPO_proceeds\"><\/span><strong>How will Shellz India use the IPO proceeds?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Shellz India plans to use Rs 22 crore to repay borrowings and Rs 23 crore for incremental working capital, with the remainder for general corporate purposes.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Who_are_the_registrar_and_lead_manager_for_the_Shellz_India_IPO\"><\/span><strong>Who are the registrar and lead manager for the Shellz India IPO?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Bigshare Services Pvt Ltd is the registrar for the issue, and Socradamus Capital Pvt Ltd is the book running lead manager for the issue.<\/p>\n<div class=\"faq-schema\"><script type=\"application\/ld+json\">{\"@context\":\"https:\/\/schema.org\",\"@type\":\"FAQPage\",\"mainEntity\":[{\"@type\":\"Question\",\"name\":\"What is the issue subscription status on Day 1?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The issue opened for bidding today, 15 October 2026, so Day 1 category wise figures are still filling in through the trading session. Investors can track the live numbers on BSE as the day progresses.\"}},{\"@type\":\"Question\",\"name\":\"When does the issue open and close?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The issue opened for subscription today, 15 October 2026, and will close on 19 October 2026.\"}},{\"@type\":\"Question\",\"name\":\"What is the issue price band and lot size?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"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.\"}},{\"@type\":\"Question\",\"name\":\"What is the issue size and structure of the issue?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The issue is entirely a fresh issue of 33,50,400 equity shares worth about Rs 59.97 crore at the upper band, with no offer for sale component.\"}},{\"@type\":\"Question\",\"name\":\"What is the issue GMP?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"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, especially this early in the bidding window.\"}},{\"@type\":\"Question\",\"name\":\"How do I apply for the issue?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"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.\"}},{\"@type\":\"Question\",\"name\":\"When will the issue be allotted and listed?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The issue allotment is expected to be finalised on 21 October 2026, and the shares are tentatively scheduled to list on the BSE SME platform on 23 October 2026.\"}},{\"@type\":\"Question\",\"name\":\"What does Shellz India Limited do?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Shellz India Limited manufactures, markets and supplies confectionery, food and bakery ingredients under the Hugs and Tosca brands, with around 250 products.\"}},{\"@type\":\"Question\",\"name\":\"How will Shellz India use the IPO proceeds?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Shellz India plans to use Rs 22 crore to repay borrowings and Rs 23 crore for incremental working capital, with the remainder for general corporate purposes.\"}},{\"@type\":\"Question\",\"name\":\"Who are the registrar and lead manager for the issue?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Bigshare Services Pvt Ltd is the registrar for the issue, and Socradamus Capital Pvt Ltd is the book running lead manager for the issue.\"}}]}<\/script><\/div>\n<div class=\"article-schema\"><script type=\"application\/ld+json\">{\"@context\":\"https:\/\/schema.org\",\"@type\":\"Article\",\"headline\":\"The issue Day 1 Subscription Status 15 Oct 2026\",\"description\":\"The issue opens today, 15 October 2026. 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