Elfin Agro India IPO Day 1 Subscription Status

The public offering of Elfin Agro India Limited opened for subscription on Thursday, March 5, 2026. Structured as a fixed-price SME issue, the company aims to raise about ₹25.03 crore through a fresh issue of equity shares priced at ₹47 each. The offer remains open until March 9, after which the allotment process is expected to move quickly, given the relatively tight SME timetable.

On its opening day, the bidding pace remained measured rather than brisk. As per Thursday evening By the evening update, the overall demand had not yet crossed the full subscription mark, though the NII segment showed comparatively higher activity.

Elfin Agro India IPO Day 1 Subscription Status

As of 6:54 PM on March 5, 2026 (Day 1), the Elfin Agro India IPO was subscribed 0.47 times overall.

Category-wise IPO Subscription Status

The NII category accounted for the majority of bids recorded on the first day, while retail participation was still limited in comparison.

IPO Timeline

Brief Overview Of The Elfin Agro India IPO

Elfin Agro India IPO is a ₹25.03 crore fixed-price public issue comprising 53,25,000 freshly issued equity shares. The shares are being offered at ₹47 per share, with a face value of ₹5.

The minimum application size for retail investors is 3,000 shares, translating to an investment of ₹2,82,000. Investors applying in the HNI category must bid for at least 9,000 shares, which requires an investment of ₹4,23,000.

The issue opened on March 5, 2026 and is scheduled to close on March 9, 2026. The basis of allotment is expected on March 10, and the shares are slated to list on the BSE SME platform on March 12, 2026.

Finshore Management Services Ltd. is acting as the book running lead manager for the issue, while Cameo Corporate Services Ltd. has been appointed as the registrar.

Summary:
Elfin Agro India IPO began accepting bids on March 5, 2026. By the close of the first day, the issue had received subscriptions amounting to 0.47 times the shares on offer, with most bids coming from the NII category.

Source: https://www.bseindia.com/markets/publicIssues/DisplayIPO.aspx?id=4485&type=FPO&idtype=1&status=L&IPONo=7628&startdt=05/Mar/2026