Elfin Agro India Opens Rs 25 Crore IPO Priced at Rs 47 Per Share

Elfin Agro India's Rs 25 crore IPO opened on March 5, priced at Rs 47 per share, and will close on March 9. The fixed-price issue comprises 53.25 lakh fresh shares, with no offer-for-sale component. The IPO targets listing on the BSE SME platform on March 12. Investors must apply in lots of 3,000 shares, with retail investors required to bid for at least two lots. The company manufactures wheat-based products and edible oils, using proceeds for working capital and corporate purposes. The grey market premium is neutral, suggesting the listing price may match the issue price.