Explore how Elfin Agro India Ltd’s IPO performed during its subscription period, including investor participation, price details, key dates, and the step-by-step process to apply through ASBA or UPI.
The Elfin Agro India Ltd. IPO opened for subscription on March 5, 2026, marking the company's debut in the primary market. With a focus on the agricultural sector, the company’s public issue has drawn early interest from investors seeking exposure to India’s agro-based industries. The issue is valued at ₹25.03 crore and is entirely a fixed-price issue, offering equity shares at ₹47 per share.
The Elfin Agro India Ltd. IPO opened to a modest investor response on its debut day, drawing initial attention primarily from non-institutional and retail participants. The offering is being closely tracked for its performance over the remaining subscription days.
On the first day of bidding, the Elfin Agro India Ltd. IPO recorded a subscription of 0.24× overall. The issue saw early traction from non-institutional investors leading the bids, reflecting cautious optimism in the company's public offer.
| Investor Category | Subscription (Times) |
|---|---|
Qualified Institutional Buyers (QIB) |
0.00× |
Retail Individual Investors (RII) |
0.12× |
Non-Institutional Investors (NII) |
0.36× |
Total |
0.24× |
The IPO’s initial response suggests steady interest, with expectations of momentum building over the next few days as more retail and NII activity picks up before the closing date.
The Elfin Agro India Ltd. IPO witnessed a healthy uptick in investor participation on its second bidding day, achieving an overall subscription of 0.68×. The non-institutional segment took the lead by crossing the 1× mark, reflecting growing optimism in the company’s agricultural business model.
| Investor Category | Subscription (Times) |
|---|---|
Retail Individual Investors (RII) |
0.19× |
Non-Institutional Investors (NII) |
1.13× |
Total |
0.68× |
With the Non-Institutional Investors (NII) category already oversubscribed, the issue shows steady momentum. Expectations remain positive for increased retail participation as the IPO heads toward its closing date on March 9.
The price for the Elfin Agro India Ltd. IPO is fixed at ₹47 per share, with a face value of ₹5 per share. Investors can apply for a minimum of 1 lot (3,000 shares) and in multiples of 3,000 shares thereafter.
The lot size is 3,000 shares, and retail investors must apply for a minimum of two lots (6,000 shares), which amounts to ₹2,82,000 at the issue price.
| Investor Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
Retail (Min) |
2 |
6,000 |
₹2,82,000 |
HNI (Min) |
3 |
9,000 |
₹4,23,000 |
The pricing structure aligns with typical SME IPO patterns, offering reservations explicitly for Retail and Non-Institutional Investors.
For detailed insights about the company, issue particulars, and the latest updates, visit the Elfin Agro India IPO on Bajaj Markets.
The timeline below shows key milestones for the IPO — from bidding to listing:
| Event | Date | Details |
|---|---|---|
IPO Open Date |
March 5, 2026 |
Issue opens for subscription |
IPO Close Date |
March 9, 2026 |
Final day to submit bids |
Basis of Allotment |
March 10, 2026 |
Finalisation of share allotment |
Refunds Initiation |
March 11, 2026 |
Refunds begin for unallotted investors |
Credit of Shares to Demat |
March 11, 2026 |
Shares credited to successful applicants |
Listing Date |
March 12, 2026 |
Shares to debut on BSE SME platform |
Note: These dates represent procedural milestones based on publicly available data and are intended for informational purposes only.
Investors can apply for the Elfin Agro India Ltd. IPO using either the ASBA facility through your bank or via UPI on broker platforms.
This is a convenient and secure method where your application amount stays blocked until shares are allotted.
Log in to your internet banking account.
Go to the ‘Investments’ or ‘IPO Application’ section.
Select ‘Elfin Agro India Ltd. IPO’ from the available list.
Enter your preferred bid quantity and price.
Confirm and submit your application.
The bid amount will remain blocked in your account until allotment.
Upon allotment, the amount will be debited, and shares credited to your Demat account.
You can apply using UPI through your stockbroker’s or financial marketplace’s online platform.
Log in to your trading account or Demat account on your broker’s platform or financial marketplace.
Navigate to the IPO section and select ‘Elfin Agro India Ltd. IPO’.
Enter your application details including number of lots and price.
Provide your UPI ID linked to your bank account.
Approve the UPI mandate request on your UPI app (like BHIM, Google Pay, or PhonePe).
Funds will be debited only upon share allotment.
Once allotted, shares will be credited directly to your Demat account.
You can check Upcoming Ipo’s Here : Upcoming Ipo
The information provided above is based on publicly available data from reliable financial news and market sources. Investors are advised to verify figures and consult financial experts before making investment decisions. Market conditions and subscription numbers are subject to change during the IPO window.
Sources
LiveMint — IPO News and Updates, https://www.livemint.com/market/ipo
Economic Times — IPO News: Latest IPO News, Upcoming IPO, https://economictimes.indiatimes.com/markets/ipo
Financial Express — IPO News, https://www.financialexpress.com/market/ipo-news/
NDTV Profit — IPOs, https://www.ndtvprofit.com/ipos
Business Today — IPO Corner: Latest IPO News & Analysis, https://www.businesstoday.in/markets/ipo-corner