New Delhi, March 10 -- Elfin Agro India IPO allotment: Following the closure of Elfin Agro India's initial public offering (IPO), the investor focus has shifted to the allotment of its shares. Elfin Agro India IPO allotment is expected to be finalised on March 10.

The Rs.25-crore SME IPO was open for public bidding from March 5 to March 6, garnering a tepid response from investors. The issue received bids for 68,43,000 shares as against 50,58,000 shares on offer, resulting in 1.35 times bids.

The individual investor portion did not manage to sail through, as it was booked just 59%, and the non-institutional investor (NII) quota received 2.12 times bids.

Elfin Agro India IPO was a fixed price issue consisting entirely of a fresh share s...