Shellz India IPO Day 2: Subscription Status on 16 October 2026

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.

Updated: 16 Oct 2026 • 1:20 am

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Quick Answer

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.

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.

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.

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Table of Contents

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 2

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.

Session	Overall	QIB	NII	Retail
Day 1 close (15 Oct)	0.76x	0.00x	2.03x	0.65x
Day 2, so far (16 Oct)	Updating through the session

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.

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, keeping in mind the issue closes on 19 October.

Download the Univest iOS App or Univest Android App to apply for the issue before the 19 October close.

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 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.

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 2?

Ans. 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.

When does the Shellz India IPO close?

Ans. The issue closes for subscription on 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 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.

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.