Selecting initial public offerings (IPOs) with the potential to generate long-term returns beyond listing day…
Elfin Agro India Limited IPO Details: Dates, Price, Lot Size & Allotment
Elfin Agro India Limited IPO Details
Elfin Agro India Limited is set to launch its SME initial public offering (IPO) in March 2026 with a fixed price issue aimed at raising approximately ₹25.03 crore through a fresh issue of 53,25,000 equity shares at ₹47 per share. The IPO offers investors an opportunity to participate in the company’s capital expansion and is scheduled to be listed on the BSE SME platform.
IPO Timeline
| Event | Date |
|---|---|
| IPO Opening Date | 05 Mar 2026 |
| IPO Closing Date | 09 Mar 2026 |
| Basis of Allotment | 10 Mar 2026 |
| Refunds Initiated | 11 Mar 2026 |
| Credit to Demat Accounts | 11 Mar 2026 |
| Listing Date | 12 Mar 2026 |
The public subscription window will be open from 5th to 9th March 2026. Shares are expected to debut on the exchange on 12th March 2026 after the completion of allotment and refund procedures.
IPO Price & Size
| Attribute | Details |
|---|---|
| Issue Price | ₹47 per equity share |
| Face Value | ₹5 per share |
| Total Issue Size | ₹25.03 crore |
| Fresh Equity Shares | 53,25,000 shares |
| Listing Exchange | BSE SME |
The IPO is a fixed price offer, with shares offered at a set price of ₹47 each. The entire issue comprises fresh shares being issued by the company.
Market Lot & Investment Amount
| Application Type | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Minimum) | 2 | 6,000 | 2,82,000 |
| Retail (Maximum) | 2 | 6,000 | 2,82,000 |
| HNI (Minimum) | 3 | 9,000 | 4,23,000 |
Investors can apply for the IPO in lots of 3,000 shares, with a minimum retail investment requiring 2 lots (6,000 shares). High net worth investors need to bid for at least 3 lots.
IPO Reservation Details
| Investor Category | Shares Offered |
|---|---|
| NII (HNI) | 25,20,000 Shares |
| Retail Investors | 25,38,000 Shares |
The issue is allocated between non-institutional and retail investors, with nearly equal quotas for both categories.
Company Overview
Founded in 2009, Elfin Agro India Limited operates in the food processing sector, with a focus on manufacturing products such as Chakki Atta, Refined Atta, Tandoori Atta, Sooji, Maida, and yellow mustard oil. The company’s products are marketed under established brand names and distributed to wholesalers, retailers, and other buyers across various regions in India.
Allotment & Listing
Following the close of the subscription, the basis of allotment is expected to be finalized on 10th March 2026, with refunds processed and shares credited to investors’ demat accounts by 11th March 2026. The shares will commence trading on the BSE SME platform on 12th March 2026.
Related Posts
