Home / Business and Economy / Elfin Agro IPO: Rs 25 Cr Issue Opens
Elfin Agro IPO: Rs 25 Cr Issue Opens
1 Mar
Summary
- Elfin Agro India Ltd IPO aims to raise Rs 25.03 crore.
- The issue price is set at Rs 47 per equity share.
- A minimum of 3,000 shares constitute one lot size.
Elfin Agro India Ltd is launching an Initial Public Offering (IPO) to raise a total of Rs 25.03 crores. The company is offering 53,25,000 equity shares at a price of Rs 47 per share. This price includes a premium of Rs 42 per share over the face value of Rs 5. A portion of the issue, amounting to Rs 1.25 crores, is reserved for a market maker. The net issue, after the market maker reservation, totals Rs 23.77 crores. This net issue constitutes 26.04% of the company's post-issue paid-up equity share capital. The IPO represents a significant opportunity for investors to participate in the company's growth. The minimum lot size for subscription is 3,000 equity shares.
