Elfin Agro IPO Subscription Status: Day-Wise Demand Update

The  Elfin Agro India IPO  opened for subscription on March 5, 2026 and will remain open until March 9, 2026. The SME public issue aims to raise around ₹25.03 crore through a fixed-price offering of equity shares. The issue price has been set at ₹47 per share, and the shares are proposed to be listed on the BSE SME platform.

The IPO consists entirely of a fresh issue, meaning the funds raised will primarily support the company’s working capital requirements and general corporate activities. Investors can participate in the offering through the ASBA process via banks or brokerage platforms during the bidding window.

The allotment for the IPO is expected to be finalized on March 10, 2026, while refunds and credit of shares to demat accounts are scheduled for March 11, 2026. The company’s shares are likely to be listed on the stock exchange on March 12, 2026.

Elfin Agro IPO Subscription Status – Day 2

The subscription figures show the level of investor demand across categories such as non-institutional investors (NII) and retail individual investors (RII). These numbers change throughout the bidding period as more applications are submitted.

Investor Categories in the IPO

The IPO participation is divided among several investor groups. Qualified Institutional Buyers (QIBs) include financial institutions, banks, and mutual funds. Non-Institutional Investors (NIIs) generally include high-net-worth individuals, companies, and trusts. Retail Individual Investors (RIIs) represent smaller investors applying within the retail limit.

Each category receives a specified allocation in the issue, which determines how shares are distributed among investors once the bidding process is complete.

Company Overview

Founded in 2009, Elfin Agro India operates in the agro-processing sector and manufactures several wheat-based food products. Its portfolio includes chakki atta, refined atta, tandoori atta, sooji, maida, and yellow mustard oil. The company sells these products under its own brands and distributes them through wholesalers and retailers across multiple Indian states.

With expanding demand in packaged food and agro-based products, the company aims to strengthen its operations and working capital through the proceeds from the IPO. The public issue represents an important step in its growth strategy and potential market expansion.