Shellz India IPO Subscription Status Day 2: Issue Subscribed 0.89 Times

Mumbai, October 16: The Shellz India IPO was subscribed 0.89 times overall by 5:37 PM on October 16, 2026, the second day of bidding, according to the subscription data provided. The non-institutional investor (NII) category recorded subscription of 2.18 times, while individual investors subscribed 0.85 times. Qualified institutional buyers (QIBs), excluding anchor investors, had not recorded any bids in the reported snapshot. The ₹59.97 crore bookbuilding issue opened on October 15 and is scheduled to close on October 19, 2026. The fresh issue comprises 33.50 lakh shares. The price band is ₹170 to ₹179 per share, and the minimum application for individual investors is 1,600 shares, requiring ₹2,86,400 at the upper end of the price band.

Shellz India IPO Day 2 Subscription Status

The Shellz India IPO’s overall subscription increased from 0.76 times on October 15 to 0.89 times on October 16. By 5:37 PM on the second day, bids had been received for 18,89,600 shares against 21,16,000 shares offered to the public, excluding the market maker portion. The snapshot reported 746 applications. The NII category was subscribed 2.18 times, with bids for 9,87,200 shares against 4,53,600 shares offered. Within this segment, big NIIs, applying for amounts above ₹10 lakh, subscribed 2.76 times. Small NIIs, applying for amounts below ₹10 lakh, recorded subscription of 1.00 time. Individual investors subscribed 0.85 times, with bids for 9,02,400 shares against 10,57,600 shares offered. The QIB category, excluding anchor investors, remained unsubscribed in the reported figures.

Shellz India IPO Day-wise Subscription Summary

The IPO was subscribed 0.76 times on its opening day, October 15. On October 16, overall subscription rose to 0.89 times. NII subscription increased from 2.03 times to 2.18 times over the two days. The big NII segment moved from 2.64 times to 2.76 times, while the small NII segment rose from 0.83 times to 1.00 time. Individual investor subscription increased from 0.65 times to 0.85 times. QIB subscription, excluding anchor investors, remained at zero in both snapshots.

Shellz India IPO Timeline

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

Brief Overview Of TheShellz India IPO

The Shellz India IPO is a ₹59.97 crore bookbuilding issue consisting entirely of a fresh issue of 33.50 lakh shares. The price band has been fixed at ₹170 to ₹179 per share, with a face value of ₹10 per share. The minimum application for individual investors is 1,600 shares, equivalent to ₹2,86,400 at the upper price band. The minimum small HNI application is 2,400 shares, requiring ₹4,29,600. The public issue allocation comprises 45.06% for QIBs, including anchor investors, 13.54% for NIIs and 31.57% for individual investors, based on the total issue size figures shown in the supplied data. A separate market maker reservation accounts for 9.84% of the issue. Socadamus Capital Pvt. Ltd. is the book-running lead manager, while Bigshare Services Pvt. Ltd. is the registrar. Mansi Share & Stock Broking Pvt. Ltd. is the market maker. The issue opened on October 15 and is scheduled to close on October 19, 2026. The tentative listing date is October 23, 2026, on the BSE SME.

Source: 

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