15
Oct
Mumbai (Maharashtra) [India], October 15: Shellz India Limited, a confectionery manufacturer under the brand names “Hugs” and “Tosca”, has successfully finalized the allotment of 9,04,800 Equity Shares to anchor investors at ₹179 per share (including a premium of ₹169 per share), raising ₹16.20 crore ahead of its initial public offering. The board finalized the allocation on October 14, 2026, in consultation with the Book Running Lead Manager. Sanshi Fund I emerged as the largest anchor participant, securing 43.32% of the anchor quota. Anchor Allocation Details: Sanshi Fund I: Allocated 3,92,000 equity shares (43.32% of the anchor portion). India Max Investment…
