Shellz India IPO Subscription Status Day 1: Issue Subscribed 0.76 Times

Mumbai, October 15: The Shellz India IPO was subscribed 0.76 times overall on its first day of bidding, according to exchange data recorded at 5:04 PM on October 15, 2026. The non-institutional investor (NII) category recorded subscription of 2.03 times, while retail investors subscribed 0.65 times. The qualified institutional buyer (QIB) category, excluding anchor investors, did not receive any bids on Day 1. The ₹59.97 crore bookbuilding issue opened on October 15 and is scheduled to close on October 19, 2026. The IPO comprises a fresh issue of 33.50 lakh shares aggregating to ₹59.97 crore. The price band is fixed at ₹170 to ₹179 per share, with a lot size of 800 shares. At the upper price band, the minimum retail investment is ₹1,43,200 for one lot.

Shellz India IPO Day 1 Subscription Status

As of 5:04 PM on October 15, 2026, the issue had received bids for 16,10,400 shares against 21,16,000 shares offered across the reported investor categories, excluding anchor investors. The exchange snapshot recorded 569 applications.

The NII category led subscription with 2.03 times demand. Within this segment, the big NII category for applications above ₹10 lakh was subscribed 2.64 times, while the small NII category for applications up to ₹10 lakh recorded 0.83 times subscription. Retail investors subscribed 0.65 times their reserved portion. The QIB category, excluding anchor investors, remained unsubscribed at 0.00 times.

The cumulative subscription figures are based on the exchange snapshot updated at 5:04 PM on October 15, 2026.

Shellz India Day-wise Subscription Summary

The IPO opened for subscription on October 15, 2026. On Day 1, the issue was subscribed 0.76 times overall, with NII at 2.03 times, retail at 0.65 times and QIB at 0.00 times.

Shellz India IPO Timeline

The basis of allotment is scheduled for October 21, 2026. Refunds and credit of shares are expected on October 22, followed by the tentative listing on the BSE SME platform on October 23, 2026.

Brief Overview Of TheShellz India IPO

Shellz India IPO is a ₹59.97 crore bookbuilding issue comprising a fresh issue of 33.50 lakh shares. The issue opened on October 15 and will close on October 19, 2026. The price band is ₹170 to ₹179 per share, and the lot size is 800 shares. Retail investors can apply for a minimum of one lot, requiring an investment of ₹1,43,200 at the upper price band. The net offer is allocated 75% to QIBs, 15% to NIIs and 10% to retail investors, according to the supplied IPO details. Socradamus Capital Pvt. Ltd. is the book-running lead manager, while Bigshare Services Pvt. Ltd. is the registrar to the issue. Shellz India is scheduled to list on the BSE SME platform, with October 23, 2026, set as the tentative listing date.

Source:

• https://www.bseindia.com/markets/publicIssues/DisplayIPO?id=4892&type=IPO&idtype=1&status=L&IPONo=8045&startdt=15%2F10%2F2026