Elfin Agro India IPO Day 1 Subscription Status: NII/HNI Investors Ahead of Retail Investors
By HDFC SKY | Published at: Mar 5, 2026 05:50 PM IST
Mumbai, March 5: Elfin Agro India IPO opened for public subscription on March 5, 2026. The company plans to raise around ₹25.03 crore through a fixed price public issue. The shares are offered at ₹47 per share, and the issue will remain open for investors until March 9, 2026.
Once the bidding process concludes and allotment is finalised, the company’s shares are scheduled to be listed on the BSE SME platform on March 12, 2026.
Elfin Agro India IPO Day 1 Subscription Status
As of 3:09 PM on March 5, 2026 (Day 1), the Elfin Agro India IPO has been subscribed 0.26 times.
The NII/HNI category recorded 0.40 times subscription, while the retail investor segment was subscribed 0.12 times during the first day of bidding.
Category-wise IPO Subscription Status As of 3:09 PM
| Category | Subscription (Times) |
| QIB (Ex Anchor) | N/A |
| NII / HNI | 0.40x |
| Retail Individual Investors | 0.12x |
| Total | 0.26x |
IPO Timeline
| Event | Date |
| Issue Open Date | March 5, 2026 |
| Issue Close Date | March 9, 2026 |
| Basis of Allotment | March 10, 2026 |
| Initiation of Refunds | March 11, 2026 |
| Credit of Shares | March 11, 2026 |
| Listing Date | March 12, 2026 |
Brief Overview Of The Elfin Agro India IPO
Elfin Agro India IPO is a fixed price issue with a total issue size of ₹25.03 crore. The offering consists entirely of a fresh issue of 53,25,000 equity shares.
The issue price has been set at ₹47 per share, and investors can apply in a lot size of 3,000 shares. Retail investors are required to bid for a minimum of 6,000 shares, which amounts to ₹2,82,000 at the issue price.
The IPO will be listed on the BSE SME platform. Finshore Management Services Ltd. is acting as the book-running lead manager, while Cameo Corporate Services Ltd. is the registrar to the issue.
Summary: Elfin Agro India IPO opened for bidding on March 5, 2026 and saw an overall subscription of 0.26 times on the first day as of 3:09 PM. The SME issue will remain open for subscription until March 9, 2026.
Source: https://www.bseindia.com/markets/publicIssues/DisplayIPO.aspx?id=4485&type=FPO&idtype=1&status=L&IPONo=7628&startdt=05/Mar/2026
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