Sheel Biotech IPO Sees Strong Demand, Subscribed 15.97x by Day 3

Sheel Biotech Limited's initial public offering (IPO) has demonstrated strong investor interest through its third day of subscription, with Sheel Biotech's stock price band set at ₹59-63 per share, reflecting robust market reception. The ₹34.02 crore IPO reached 15.97 times by 5:09:13 PM on day three, indicating strong investor interest in this biotechnology and floriculture company incorporated in 1991.

Sheel Biotech IPO non-institutional investors segment leads with a strong 25.92 times subscription, whilst qualified institutional buyers (ex-anchor) demonstrate strong participation at 19.73 times, and individual investors show strong interest at 9.56 times, whilst anchor investors show complete participation at 1.00 times, reflecting robust investor confidence in this company.

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Sheel Biotech IPO subscription reached a strong 15.97 times on day three, led by Non-Institutional Investors (25.92x), Qualified Institutional Buyers Ex-Anchor (19.73x), and Individual Investors (9.56x). Total applications reached 5,688.

Subscription Status of Sheel Biotech IPO

Subscription Details (as of Day 3 – October 3, 2025, 5:09:13 PM)

Key Highlights - Day 3

• Overall subscription reached a strong 15.97 times, showing exceptional improvement from day two's 0.30 times
• Non-institutional investors category displaying strong interest at 25.92 times, building substantially from day two's 0.15 times
• Qualified institutional buyers (ex-anchor) showing strong growth at 19.73 times, building substantially from day two's 0.02 times
• Individual investors displaying strong confidence at 9.56 times, building substantially from day two's 0.52 times
• Total applications reached 5,688, indicating strong investor participation for this SME IPO
• Cumulative bid amount reached ₹362.54 crores, significantly exceeding the issue size of ₹34.02 crores

Sheel Biotech IPO - Day 2 Subscription at 0.30 Times

• Overall subscription reaching a limited 0.30 times, showing substantial improvement from day one's 0.07 times
• Individual investors displaying limited confidence at 0.52 times, building substantially from day one's 0.08 times
• Non-institutional investors showing limited performance at 0.15 times, remaining largely unchanged from day one's 0.13 times
• Qualified institutional buyers (ex-anchor) showing minimal performance at 0.02 times, building marginally from day one's 0.00 times

Sheel Biotech IPO - Day 1 Subscription at 0.07 Times

• Overall subscription reached a minimum of 0.07 times, showing very cautious initial investor interest
• Non-institutional investors are showing minimal performance at 0.13 times, indicating a very weak HNI appetite
• Individual investors are displaying minimal confidence at 0.08 times, showing very weak retail sentiment
• Qualified institutional buyers are showing minimal performance at 0.00 times, indicating very weak institutional appetite

About Sheel Biotech Limited

Incorporated in 1991, Sheel Biotech Limited specialises in biotechnology, floriculture, greenhouses, and organic projects, producing high-quality, disease-free planting materials through tissue culture and hydroponics, designing and implementing horticultural projects, and providing organic adoption and certification services with 160 permanent employees and recognition from the Department of Biotechnology and Department of Science and Technology of the Government of India.