Shellz India IPO Subscription Status Day 3: Issue Subscribed 58.54 Times

Mumbai, October 19: The Shellz India IPO was subscribed 58.54 times overall by 5:19 PM on October 19, 2026, the third and final day of bidding. The non-institutional investor (NII) category recorded subscription of 86.41 times, while individual investors subscribed 56.09 times. Qualified institutional buyers (QIBs), excluding anchor investors, subscribed 41.92 times, according to the supplied subscription data. The ₹59.97 crore bookbuilding issue is a fresh issue of 33,50,400 shares. The IPO opened on October 15 and closed on October 19, 2026, with a price band of ₹170 to ₹179 per share. The company is scheduled to list on the BSE SME platform on October 23, 2026.

Shellz India IPO Day 3 Subscription Status

The issue received bids for 12,38,72,800 shares against 21,16,000 shares offered for subscription, excluding the anchor investor and market maker portions. The total number of applications stood at 46,423, as reported in the supplied subscription snapshot. The NII category led the public subscription figures at 86.41 times. Within this segment, big NIIs, applying for amounts above ₹10 lakh, subscribed 98.42 times, while small NIIs, applying for amounts below ₹10 lakh, subscribed 62.41 times. Individual investors subscribed 56.09 times, with bids for 5,93,23,200 shares against 10,57,600 shares offered. The QIB category, excluding anchor investors, recorded subscription of 41.92 times, with bids for 2,53,52,000 shares against 6,04,800 shares offered.

Shellz India IPO Day-wise Subscription Summary

The IPO recorded overall subscription of 0.76 times on October 15, the first day of bidding, rising to 0.89 times on October 16. Subscription increased to 58.54 times on October 19, the final day. NII subscription rose from 2.03 times on Day 1 to 2.18 times on Day 2 before reaching 86.41 times on the closing day. Individual investor subscription increased from 0.65 times on the opening day to 0.85 times on Day 2 and 56.09 times on Day 3.

Shellz India IPO Timeline

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

Brief Overview Of The Shellz India IPO

The Shellz India IPO is a ₹59.97 crore bookbuilding issue comprising a fresh issue of 33,50,400 shares. The price band is ₹170 to ₹179 per share, with a face value of ₹10 per share. The minimum application for individual investors is 1,600 shares, requiring an investment of ₹2,86,400 at the upper price band. The minimum application for the small HNI category is 2,400 shares, amounting to ₹4,29,600 at the upper price band. The issue reserves 49.97% of the net offer for QIBs, 15.02% for NIIs and 35.01% for retail investors, according to the supplied issue reservation details. A further 3,29,600 shares are reserved for the market maker. Socradamus Capital Pvt. Ltd. is the book-running lead manager, and Bigshare Services Pvt. Ltd. is the registrar. Mansi Share & Stock Broking Pvt. Ltd. is identified as the market maker. The IPO opened on October 15 and closed on October 19, 2026. The tentative listing date is October 23, 2026, on the BSE SME platform.

Source:

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