{"id":311706,"date":"2026-10-16T01:20:54","date_gmt":"2026-10-15T19:50:54","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=311706"},"modified":"2026-10-16T01:20:54","modified_gmt":"2026-10-15T19:50:54","slug":"shellz-india-initial-public-offering-day-2-subscription-16-october-2026","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/shellz-india-initial-public-offering-day-2-subscription-16-october-2026\/","title":{"rendered":"Shellz India IPO Day 2: Subscription Status on 16 October 2026"},"content":{"rendered":"<p style=\"border-left:4px solid #1F4E79;background:#EBF3FB;padding:10px 16px;font-style:italic;\"><em>Shellz India IPO Day 2, 16 Oct 2026. Subscribed 0.76x on Day 1: NII 2.03x, Retail 0.65x, QIB 0.00x. Price band Rs 170-179. Lot size 800 shares.<\/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 is on Day 2 of bidding on 16 October 2026. The issue was subscribed 0.76 times at the Day 1 reading on 15 October, with NII at 2.03 times, retail at 0.65 times and QIB yet to bid. Bidding remains open until 19 October 2026, and investors should track the live category wise numbers on BSE through the day.<\/p>\n<\/p><\/div>\n<p>Shellz India Limited, a confectionery and bakery ingredients maker, is on Day 2 of its IPO bidding window, which opened on 15 October 2026 and closes on 19 October 2026. The Shellz India IPO 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, and the shares are proposed to list on the BSE SME platform.<\/p>\n<p>Bids on Day 1 were for about 16.10 lakh shares against 21.16 lakh shares on offer to the public, which excludes the anchor portion, from 569 applications. Big NII bidders led at 2.64 times, while small NII bidders were at 0.83 times.<\/p>\n<p style=\"margin-top:24px;\"><a href=\"https:\/\/univest.in\/user\/log-in?utm_source=blogs&#038;utm_medium=shellz-india-ipo-day2\"><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-2-subscription-16-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-2-subscription-16-october-2026\/#Shellz_India_IPO_Subscription_Status_Day_2\" title=\"Shellz India IPO Subscription Status Day 2\">Shellz India IPO Subscription Status Day 2<\/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-2-subscription-16-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-4\" href=\"https:\/\/univest.in\/blogs-2\/shellz-india-initial-public-offering-day-2-subscription-16-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-5\" href=\"https:\/\/univest.in\/blogs-2\/shellz-india-initial-public-offering-day-2-subscription-16-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-6\" href=\"https:\/\/univest.in\/blogs-2\/shellz-india-initial-public-offering-day-2-subscription-16-october-2026\/#What_is_the_Shellz_India_IPO_subscription_status_on_Day_2\" title=\"What is the Shellz India IPO subscription status on Day 2?\">What is the Shellz India IPO subscription status on Day 2?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/univest.in\/blogs-2\/shellz-india-initial-public-offering-day-2-subscription-16-october-2026\/#When_does_the_Shellz_India_IPO_close\" title=\"When does the Shellz India IPO close?\">When does the Shellz India IPO close?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/univest.in\/blogs-2\/shellz-india-initial-public-offering-day-2-subscription-16-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-9\" href=\"https:\/\/univest.in\/blogs-2\/shellz-india-initial-public-offering-day-2-subscription-16-october-2026\/#Is_the_Shellz_India_IPO_fully_subscribed\" title=\"Is the Shellz India IPO fully subscribed?\">Is the Shellz India IPO fully subscribed?<\/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-2-subscription-16-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-11\" href=\"https:\/\/univest.in\/blogs-2\/shellz-india-initial-public-offering-day-2-subscription-16-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-12\" href=\"https:\/\/univest.in\/blogs-2\/shellz-india-initial-public-offering-day-2-subscription-16-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-13\" href=\"https:\/\/univest.in\/blogs-2\/shellz-india-initial-public-offering-day-2-subscription-16-october-2026\/#What_does_Shellz_India_Limited_do\" title=\"What does Shellz India Limited do?\">What does Shellz India Limited do?<\/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.<\/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_Subscription_Status_Day_2\"><\/span><strong>Shellz India IPO Subscription Status Day 2<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The table below tracks how the issue has moved through its bidding window, from the Day 1 close through to the Day 1 reading on Thursday, 15 October.<\/p>\n<table border=\"1\" cellpadding=\"6\" cellspacing=\"0\">\n<tr>\n<th>Session<\/th>\n<th>Overall<\/th>\n<th>QIB<\/th>\n<th>NII<\/th>\n<th>Retail<\/th>\n<\/tr>\n<tr>\n<td>Day 1 close (15 Oct)<\/td>\n<td>0.76x<\/td>\n<td>0.00x<\/td>\n<td>2.03x<\/td>\n<td>0.65x<\/td>\n<\/tr>\n<tr>\n<td>Day 2, so far (16 Oct)<\/td>\n<td colspan=\"4\">Updating through the session<\/td>\n<\/tr>\n<\/table>\n<p>The QIB quota of 6,04,800 shares had no bids at the Day 1 reading, and SME issues often see institutional bids late in the window. Figures are the roughly 5 PM readings on 15 October, so confirm final numbers on BSE as bidding continues until 19 October.<\/p>\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, keeping in mind 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 before the 19 October close.<\/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=\"Conclusion\"><\/span><strong>Conclusion<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The issue enters Day 2 at 0.76 times, with big NII bidders well past their quota and QIB yet to bid. 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_2\"><\/span><strong>What is the Shellz India IPO subscription status on Day 2?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The issue carries forward a Day 1 close of 0.76 times overall, with NII at 2.03 times, retail at 0.65 times and QIB at 0.00 times, and figures for Day 2, 16 October 2026, are updating through today&#8217;s session on BSE.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"When_does_the_Shellz_India_IPO_close\"><\/span><strong>When does the Shellz India IPO close?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The issue closes for subscription on 19 October 2026, having opened on 15 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=\"Is_the_Shellz_India_IPO_fully_subscribed\"><\/span><strong>Is the Shellz India IPO fully subscribed?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Not yet. The issue was subscribed 0.76 times at the Day 1 reading on 15 October, with NII at 2.03 times, retail at 0.65 times and QIB yet to bid.<\/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.<\/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, with listing on the BSE SME platform tentatively scheduled for 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<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 2?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The issue carries forward a Day 1 close of 0.76 times overall, with NII at 2.03 times, retail at 0.65 times and QIB at 0.00 times, and figures for Day 2, 16 October 2026, are updating through today's session on BSE.\"}},{\"@type\":\"Question\",\"name\":\"When does the issue close?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The issue closes for subscription on 19 October 2026, having opened on 15 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. 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Category wise bids, price band and how to apply.\",\"author\":{\"@type\":\"Organization\",\"name\":\"Univest\"},\"publisher\":{\"@type\":\"Organization\",\"name\":\"Univest\"},\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"https:\/\/univest.in\/blogs\/shellz-india-initial-public-offering-day-2-subscription-16-october-2026\"}}<\/script><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Shellz India IPO Day 2 subscription update for 16 October 2026, with category wise bidding trends and how to apply.<\/p>\n","protected":false},"author":29,"featured_media":311705,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1281],"tags":[12196],"class_list":["post-311706","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ipo","tag-shellz-india-ipo"],"metadata":{"rank_math_internal_links_processed":["1"],"_thumbnail_id":["311705"],"rank_math_title":["Shellz India IPO Day 2 Subscription Status 16 Oct 2026"],"rank_math_description":["Shellz India IPO Day 2 subscription status on 16 October 2026. 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