The Elfin Agro India IPO, which opened for subscription in early March, has recorded steady interest from investors during the initial days of bidding. The SME issue aims to raise funds to expand operations and strengthen working capital.
By the second day of bidding, the IPO had already been subscribed slightly over 1 time, indicating moderate demand across investor categories. The issue will remain open for subscription until 9th March 2026.
Analysts believe that SME IPOs continue to attract niche investor interest, particularly in companies with focused sector exposure and growth plans.
