Shellz India SME IPO Subscription
OngoingUpdated 15 October 2026, 7:00 PM IST· BSE SME
Shellz India SME IPO subscription is open till 19 October 2026. Overall subscription is 0.76x by shares. NII at 2.03x, and retail at 0.65x. Check Retail, SHNI, and BHNI allotment chances below.
Allotment date is 21 October 2026. Listing date on NSE and BSE is 23 October 2026.
Shellz India SME IPO Day-wise Subscription
Daily QIB, NII, Retail, and overall subscription as bids come in
| Day | QIB | NII | Retail | Overall |
|---|---|---|---|---|
| Day 1 - 15 Oct 2026 | 0.00x | 2.03x | 0.65x | 0.76x |
Shellz India SME IPO Allotment Chances
Retail, SHNI, and BHNI chances based on application subscription
Shellz India SME IPO allotment chances for Retail, SHNI, and BHNI. All three use lottery when the category is oversubscribed.
| Category | Subscription (Apps) | Allotment Chances |
|---|---|---|
| Retail (IND) | 0.65x | Very high |
| SHNI (Rs 2L to Rs 10L) | 0.83x | Very high |
| BHNI (above Rs 10L) | 0.67x | Very high |
Chances use application subscription (how many bids came in), not share or amount figures. If you get allotment, you get at least one lot. Higher subscription means lower chance per PAN.
Check the Shellz India SME IPO Allotment Status page from 21 October 2026 for your result.
Shellz India SME IPO Subscription by Amount
Category-wise subscription based on amount applied at issue price Rs 179.00
| Category | Amount Offered | Amount Applied | Subscription |
|---|---|---|---|
| QIB | Rs 10.83 Cr | - | - |
| FII | - | - | - |
| DFI | - | - | - |
| Mutual Funds | - | - | - |
| Other | - | - | - |
| NII | Rs 8.12 Cr | Rs 16.51 Cr | 2.03x |
| bNII (above Rs 10L) | Rs 5.41 Cr | Rs 14.28 Cr | 2.64x |
| Corporate | - | Rs 6.70 Cr | - |
| Individual | - | Rs 7.58 Cr | - |
| Other | - | - | - |
| sNII (Rs 2L to Rs 10L) | Rs 2.71 Cr | Rs 2.23 Cr | 0.83x |
| Corporate | - | Rs 8.59 L | - |
| Individual | - | Rs 2.06 Cr | - |
| Other | - | Rs 8.59 L | - |
| IND | Rs 18.93 Cr | Rs 12.32 Cr | 0.65x |
| Fixed price | - | Rs 12.32 Cr | - |
| Total | Rs 37.88 Cr | Rs 28.83 Cr | 0.76x |
Shellz India SME IPO Subscription by Applications
Category-wise subscription based on applications received
| Category | Applications Offered | Applications Received | Subscription |
|---|---|---|---|
| QIB | 756 | - | - |
| FII | - | - | - |
| DFI | - | - | - |
| Mutual Funds | - | - | - |
| Other | - | - | - |
| NII | 189 | 136 | 0.72x |
| bNII (above Rs 10L) | 126 | 84 | 0.67x |
| Corporate | - | 9 | - |
| Individual | - | 75 | - |
| Other | - | - | - |
| sNII (Rs 2L to Rs 10L) | 63 | 52 | 0.83x |
| Corporate | - | 2 | - |
| Individual | - | 48 | - |
| Other | - | 2 | - |
| IND | 661 | 430 | 0.65x |
| Fixed price | - | 430 | - |
| Total | 1,606 | 566 | 0.35x |
What Do These Subscription Numbers Mean?
0.76x overall by shares means bids covered about 1 times the shares on offer. Allotment chances depend on applications in each category.
NII covers bids above Rs 2 lakh (0.72x by applications). Split: SHNI 0.83x, BHNI 0.67x by applications. SHNI and BHNI allotment is by lottery.
null Retail allotment is also by lottery.
Shellz India SME IPO Key Dates
| Event | Date |
|---|---|
| IPO Open Date | 15 October 2026 |
| IPO Close Date | 19 October 2026 |
| Allotment Date | 21 October 2026 |
| Refund Initiation | 22 October 2026 |
| Share Credit to Demat | 22 October 2026 |
| Listing Date | 23 October 2026 |
| Minimum Investment | Rs 2,86,400.00 |
| Lot Size | 800 shares |
About Shellz India SME
No company information available
Understanding Subscription Categories
QIB - Qualified Institutional Buyers
Includes foreign institutional investors, domestic financial institutions, mutual funds, and other qualified institutions. QIB demand is considered the most reliable indicator of institutional confidence in an IPO.
NII - Non-Institutional Investors (SHNI & BHNI)
Investors bidding above Rs 2 lakh. Split into SHNI (Rs 2 lakh to Rs 10 lakh) and BHNI (above Rs 10 lakh). Both use lottery allotment when oversubscribed.
IND - Individual Investors
Investors bidding up to Rs 2 lakh per PAN. Allotment is by lottery when oversubscribed. Winners get at least one lot.
Shellz India SME IPO Pages
Open related pages for this IPO: details, GMP, subscription, allotment, review, FAQ, registrar, timeline, and news.
Shellz India SME Details
Issue size, price, financials, and company info
Shellz India SME GMP
Live grey market premium and listing estimate
Shellz India SME Subscription
QIB, NII, Retail, SHNI and BHNI subscription
Shellz India SME Allotment
Allotment date, chances, and check by PAN
Shellz India SME Review
SWOT, strengths, risks, and IPO review
Shellz India SME FAQ
Common questions on dates, GMP, and allotment
Shellz India SME Registrar
Registrar website and how to check allotment
Shellz India SME Timeline
Open, close, allotment, and listing dates
Shellz India SME News
Updates, blogs, and latest IPO news
Shellz India SME IPO Subscription FAQs
What is Shellz India SME IPO subscription status today?
Shellz India SME IPO overall subscription is 0.76x today (by shares). QIB N/A, NII 0.72x, IND 0.65x. Live updates from 15 October 2026 to 19 October 2026.
What is the overall subscription of Shellz India SME IPO?
Shellz India SME IPO is subscribed 0.76x overall by shares so far. QIB N/A, NII 0.72x, and IND 0.65x.
What is Shellz India SME IPO QIB subscription?
QIB subscription for Shellz India SME IPO will appear here once institutional bids are recorded.
What is Shellz India SME IPO IND subscription?
Shellz India SME IPO IND subscription is 0.65x by applications. Retail bids are up to Rs 2 lakh per PAN.
What is Shellz India SME IPO NII, SHNI, and BHNI subscription?
Shellz India SME IPO NII subscription is 0.72x by applications. NII is bids above Rs 2 lakh, split into SHNI (Rs 2L to Rs 10L) at 0.83x and BHNI (above Rs 10L) at 0.67x.
What are Shellz India SME IPO retail allotment chances?
Shellz India SME IPO retail allotment chances depend on final application subscription. Allotment is by lottery when oversubscribed.
What are Shellz India SME IPO SHNI allotment chances?
Shellz India SME IPO SHNI allotment chances depend on final application subscription. Allotment is by lottery when oversubscribed.
What are Shellz India SME IPO BHNI allotment chances?
Shellz India SME IPO BHNI share subscription is 2.64x. Application data is needed for exact lottery chances.
When is Shellz India SME IPO allotment date?
Shellz India SME IPO allotment date is 21 October 2026. Check Shellz India SME IPO Allotment Status on IPOwiz from that day using your PAN.
When does Shellz India SME IPO subscription close?
Shellz India SME IPO subscription is open until 19 October 2026. Apply before the last day closes.
What is Shellz India SME IPO GMP today?
GMP for Shellz India SME IPO is not available yet. Track Shellz India SME IPO GMP Today on IPOwiz once grey market activity starts.
What is Shellz India SME IPO issue price and lot size?
Shellz India SME IPO issue price is ₹179 per share. Lot size is 800 shares. Minimum investment is ₹2,86,400 per lot (minimum 2 lots for SME). Issue size: ₹59.97 Cr.
When is Shellz India SME IPO listing date?
Shellz India SME IPO listing date is 23 October 2026 on NSE and BSE. Allotment is on 21 October 2026.
How does subscription affect Shellz India SME IPO allotment?
In Shellz India SME IPO, Retail, SHNI, and BHNI allotment is by lottery when oversubscribed. Chances follow application subscription in each category, not share volume. At 0.76x overall, competition is moderate.
For allotment results from 21 October 2026, visit the Shellz India SME IPO Allotment Status page. For listing day updates on 23 October 2026, download the IPOwiz App.
Sources
We match Shellz India SME IPO numbers with official sources. For final dates and allotment results, double-check the registrar or exchange.
- SEBIRules for IPO allotment and disclosures in India
- NSEExchange notices, bidding data, and listing updates
- BSEExchange notices and IPO allotment check tools
- RHP / Offer DocumentCheck the company RHP on NSE/BSE or the IPO detail page
- IPO RegistrarRegistrar details are on the allotment page for this IPO
Also read our Editorial Policy, How GMP is calculated, How allotment chances work, and IPO fund allocation.
Reviewed by
Dinesh Agrawal · Lead IPO Analyst
15+ years in Indian markets and IPO research. He reviews subscription data before it goes live.