Septate follicle of 16mm in 10 th day will release egg?

Hard to say. Septated follicles can be septated for various reasons. One of them being blood. Ie hemorrhagic cyst. Cysts that have blood in them are typically after ovulation. So a 16 mm follicle on day 10 doesn't look like a good prognosis for this month. Also follow up with your gyn to make sure that the septated cyst eventually goes away.