{"id":314684,"date":"2026-10-19T01:25:17","date_gmt":"2026-10-18T19:55:17","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=314684"},"modified":"2026-10-19T01:25:17","modified_gmt":"2026-10-18T19:55:17","slug":"shellz-india-initial-public-offering-day-3-subscription-19-october-2026","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/shellz-india-initial-public-offering-day-3-subscription-19-october-2026\/","title":{"rendered":"Shellz India IPO Day 3: Subscription Closes Today, 19 October 2026"},"content":{"rendered":"<p style=\"border-left:4px solid #1F4E79;background:#EBF3FB;padding:10px 16px;font-style:italic;\"><em>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.<\/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 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&#8217;s session, the final subscription figure depends on demand in the closing hours.<\/p>\n<\/p><\/div>\n<p>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.<\/p>\n<p>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.<\/p>\n<p style=\"margin-top:24px;\"><a href=\"https:\/\/univest.in\/user\/log-in?utm_source=blogs&#038;utm_medium=shellz-india-ipo-day3\"><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-3-subscription-19-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-3-subscription-19-october-2026\/#Shellz_India_IPO_Subscription_Status_Day_3\" title=\"Shellz India IPO Subscription Status Day 3\">Shellz India IPO Subscription Status Day 3<\/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-3-subscription-19-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-3-subscription-19-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-3-subscription-19-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-3-subscription-19-october-2026\/#What_is_the_Shellz_India_IPO_subscription_status_on_Day_3\" title=\"What is the Shellz India IPO subscription status on Day 3?\">What is the Shellz India IPO subscription status on Day 3?<\/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-3-subscription-19-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-3-subscription-19-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-3-subscription-19-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-3-subscription-19-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-3-subscription-19-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-3-subscription-19-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-3-subscription-19-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_3\"><\/span><strong>Shellz India IPO Subscription Status Day 3<\/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 2 reading on Friday, 16 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 close (16 Oct)<\/td>\n<td>0.89x<\/td>\n<td>0.00x<\/td>\n<td>2.18x<\/td>\n<td>0.85x<\/td>\n<\/tr>\n<tr>\n<td>Day 3, closing day so far (19 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 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.<\/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, since the issue closes for good after this session.<\/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 it closes today.<\/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 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.<\/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_3\"><\/span><strong>What is the Shellz India IPO subscription status on Day 3?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> 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&#8217;s final session.<\/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 today, 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 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.<\/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 3?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"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.\"}},{\"@type\":\"Question\",\"name\":\"When does the issue close?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The issue closes for subscription today, 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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Day 3 subscription status 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-3-subscription-19-october-2026\"}}<\/script><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Shellz India IPO closes today. Day 3 subscription status and how to apply before the window shuts.<\/p>\n","protected":false},"author":29,"featured_media":314683,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1281],"tags":[12196],"class_list":["post-314684","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":["314683"],"rank_math_title":["Shellz India IPO Day 3 Subscription Status 19 Oct 2026"],"rank_math_description":["Shellz India IPO closes today, 19 October 2026. 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