New Delhi, March 12 -- Elfin Agro India share price made a muted debut in the Indian stock market today, March 12, as it got listed at Rs.47.30 apiece on BSE SME, a premium of just 0.63% over its initial public offering (IPO) price of Rs.47.

The listing was largely in line with the Street expectations, as seen from the grey market premium (GMP). Elfin Agro India IPO GMP stood at Rs.0 per share, which indicated a likely listing price of Rs.47 - same as the offer price.

Elfin Agro India IPO witnessed decent subscription during the three-day bidding process. It was subscribed 1.35 times by the end of the third day. The retail portion was subscribed 0.59 times and the NII portion was booked 2.12 times.

The company received bids for 68.43 l...