Elfin Agro India’s ₹25 crore IPO opened today, priced at ₹47 per share. The issue, entirely a fresh offering of 53.25 lakh shares, will close on March 9 and list on the BSE SME platform on March 12. Investors are closely tracking subscription levels and Grey Market Premium (GMP).
Elfin Agro India Limited, a manufacturer of wheat-based products and edible mustard oil, launched its IPO today on the BSE SME platform. The fixed-price issue aims to raise ₹25.03 crore through a fresh issue of 53.25 lakh shares at ₹47 per share.
The IPO will remain open until March 9, with allotment expected on March 10 and listing scheduled for March 12. Market watchers are monitoring subscription trends and GMP signals to gauge investor sentiment.
Key Highlights
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IPO Size: ₹25.03 crore through a fresh issue of 53.25 lakh shares.
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Price Band: Fixed at ₹47 per share.
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Subscription Window: March 5–9, 2026.
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Allotment & Listing: Allotment on March 10; listing on BSE SME on March 12.
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Lot Size: Minimum application of 6,000 shares (₹2.82 lakh for retail investors).
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Lead Manager: Finshore Management Services Ltd; Registrar: Cameo Corporate Services Ltd.
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Business Focus: Wheat-based products and edible mustard oil manufacturing.
Sources: The Economic Times, Chittorgarh, Mint