Elfin Agro India IPO is a fixed price issue of 53,25,000 shares [₹25.03 crore]. The issue is a combination of a fresh issue of 53,25,000 shares [₹25.03 crore].
The Elfin Agro India IPO will open on March 05, 2026, and close on March 09, 2026. The price band for the IPO is fixed at ₹47 per share. The minimum application size is 2 lot [6,000 shares], requiring a retail investor to invest at least ₹2,82,000 [based on the fixed price band].
Elfin Agro India IPO Details
| Open Date | March 05, 2026 |
| Close Date | March 09, 2026 |
| Issue Type | Fixed Price Issue |
| Face Value | ₹10 Equity Share |
| Price Band | ₹47 Per Share |
| Listing On | BSE, SME |
| Issue Size | ₹25.03 Cr. [53,25,000 Shares] |
| Fresh Issue | ₹25.03 Cr. [53,25,000 Shares] |
| Offer For Sale | Not Applicable |
| Prospectus | DRHP | Final Prospects |
Elfin Agro India IPO Reservation
A total of 53,25,000 shares are on offer in the Elfin Agro India IPO, of which 26,62,500 shares have been allotted to NIIs, and 26,62,500 shares to RIIs.
| Category | Reservation | Shares Offered |
|---|---|---|
| NII | 50.00% | 26,62,500 |
| RII | 50.00% | 26,62,500 |
| Total | 100.00% | 53,25,000 |
Elfin Agro India IPO Market Lot
Retail investors can apply for the Elfin Agro India IPO with a minimum of 1 lot of 128 shares for an application amount of ₹14,592 and a maximum of 13 lots of 1,664 shares for an amount of ₹1,89,696.
| Application | Lot | Shares | Amount |
| Retail Minimum | 2 | 6,000 | ₹2,82,000 |
| Retail Maximum | 2 | 6,000 | ₹2,82,000 |
| HNI Minimum | 3 | 9,000 | ₹4,23,000 |
Key Performance Indicator
| KPI [March 31, 2025] | Value |
| Market Capitalisation | ₹91.30 Cr. |
| P/E Ratio | 13.05x |
| EPS | ₹3.60 |
| ROE | 36.86% |
| ROCE | 47.93% |
| RoNW | 36.86% |
| Dept/Equity | 0.88 |
| EBITDA Margin | 5.17% |
| PAT Margin | 3.48% |
| Net Assets Value | ₹9.77 |
| Price To Book Value | ₹4.81 |
Elfin Agro India IPO Peer Comparison
| Company | P/E | EPS | RoNW | NAV |
| Abram Food Limited | 11.05x | ₹9.05 | 38.62% | ₹22.62 |
Elfin Agro India IPO Dates
Elfin Agro India IPO open for subscription March 05, 2026, and close date on March 09, 2025. The allotment will be finalized on March 10, 2026, and the IPO listing on March 12, 2026.
| Open Date | March 05, 2026 |
| Close Date | March 09, 2026 |
| Allotment Date | March 10, 2026 |
| Refund Date | March 11, 2026 |
| Share Credit Date | March 11, 2026 |
| Listing Date | March 12, 2026 |
Elfin Agro India Company Financial Report
| Period Ended | Total Assets | Total Income | Total Expenses | Net Worth | Profit After Tax | EBITDA | Reserves And Surplus | Total Borrow |
|---|---|---|---|---|---|---|---|---|
| March 2025 | ₹33.44 Cr. | ₹146.44 Cr. | ₹138.31 Cr. | ₹13.78 Cr. | ₹5.08 Cr. | ₹7.54 Cr. | ₹6.73 Cr. | ₹12.19 Cr. |
| March 2024 | ₹24.69 Cr. | ₹124.71 Cr. | ₹118.63 Cr. | ₹8.70 Cr. | ₹3.68 Cr. | ₹5.82 Cr. | ₹7.29 Cr. | ₹7.60 Cr. |
| March 2023 | ₹20.90 Cr. | ₹101.45 Cr. | ₹98.26 Cr. | ₹5.02 Cr. | ₹1.81 Cr. | ₹3.11 Cr. | ₹3.61 Cr. | ₹7.23 Cr. |
Company Promoters
- Mr. Vimal Kumar Daga
- Mr. Deepak Pal Daga
- Mrs. Seema Daga
- Mrs. Neetu Daga
- M/s. Vimal Kumar Ayush Pal Daga HUF
- M/s. Deepak Pal Harsh Kumar Daga HUF
| Holding Pre Issue | 100.00% |
| Holding Post Issue | 72.59% |
Elfin Agro India IPO Lead Managers
- Finshore Management Services Limited
Elfin Agro India IPO Registrar
Cameo Corporate Services Limited
Phone: +91-44-28460390
Email: ipo@cameoindia.com
Website: https://ipo.cameoindia.com/
Note: Check Elfin Agro India IPO Allotment Status Visit IPO Investors Allotment Page And Search Your Registrar IPO Allotment Status Link. Click Here…
About Elfin Agro India Limited
Elfin Agro India Limited operates in the agro-processing industry and is mainly involved in the manufacturing and processing of wheat-based products and edible oil. The company produces a range of food products such as Chakki Atta (high-fibre whole wheat flour), R Atta (refined whole wheat flour), Tandoori Atta, Sooji (semolina flour), Maida (refined flour), and edible yellow mustard oil. These products are an essential part of daily food consumption in many Indian households, which helps the company maintain consistent demand in the market.
The company markets its processed wheat flour products under the brands “Shiv Nandi” and “ELFIN’S Shri Shyam Bhog.” Through these brands, the company supplies its products to wholesalers as well as retailers across several states, including Rajasthan, Uttar Pradesh, and Gujarat. By focusing on quality and brand recognition, the company has gradually built a presence in regional markets and strengthened its distribution channels.
In addition to flour products, Elfin Agro India Limited is also engaged in the extraction, filtration, and manufacturing of edible mustard oil using raw mustard seeds as the primary raw material. This mustard oil is also sold under the brand “Shiv Nandi.” Mustard oil is widely used in Indian cooking, particularly in northern states, which provides the company with an additional revenue stream alongside its wheat flour products.
Apart from manufacturing, the company also participates in the trading of various agro-based commodities depending on market demand and price conditions. These products include chana, maize, soybean refined oil, rice bran refined oil, wheat, cattle feed, and groundnut oil. This trading activity allows the company to diversify its operations and benefit from changing agricultural market opportunities.
Elfin Agro India Limited currently operates two manufacturing units located in Bhilwara, Rajasthan. These facilities support the company’s production capabilities and help maintain operational efficiency. From these units, the company distributes its products to customers across multiple regions.
The company’s customer base is spread across eight Indian states—Gujarat, Haryana, Madhya Pradesh, Maharashtra, Punjab, Rajasthan, Uttar Pradesh, and Uttarakhand—along with two Union Territories, Chandigarh and Delhi. This wide geographical presence reflects the company’s expanding distribution network and growing market reach.
Several factors contribute to the company’s competitive strengths. Its strategically located processing units are supported by strong infrastructure, enabling efficient production and distribution. The company also benefits from installed production capacity, cost-effective operations, and the ability to deliver orders on time. In addition, its established distribution network, presence across different retail channels, strong relationships with existing clients, and flexibility in meeting customer requirements help strengthen its position in the agro-processing industry.
Objects Of The Issue
- Working Capital Requirements (₹10.33 Cr.)
- General Corporate Expenses (₹3.50 Cr.)
Company Address
Elfin Agro India Limited
F – 250-251-252-253,
RIICO, Growth Centre, Swaroopganj,
Hamirgarh,
Bhilwara, Rajasthan, 311025
Phone: +91 7976780728
Email: cs@elfinagroindia.com
Website: https://www.elfinagroindia.com/
Elfin Agro India IPO FAQs
What is Elfin Agro India IPO?
Elfin Agro India IPO is a SME IPO of 63,09,600 equity shares of the face value of ₹10 aggregating up to ₹25.03 Crores. The IPO issue priced at ₹47 per share.
What are the open and close dates of the Elfin Agro India IPO?
The IPO will open on March 05, 2026 and will close on March 09, 2026.
What is the price band for Elfin Agro India IPO?
The price band for the IPO is fixed at ₹47 per share.
What is the issue size of the Elfin Agro India IPO?
The total issue size of the IPO is ₹25.03 Cr., comprising both fresh issue and offer for sale (if applicable).
What is Elfin Agro India IPO Minimum and Maximum Lot Size?
The minimum & maximum bid is 2 Lot, 6,000 Shares with ₹2,82,000 amount for the IPO.
What is Elfin Agro India IPO Investors Portion?
The investors’ portion for QIB 0%, NII 50%, RII 50% for the IPO.
When will the basis of allotment for the Elfin Agro India IPO be finalized?
The the IPO allotment is expected to be finalized on March 10, 2026.
When will the shares of Elfin Agro India IPO get listed?
The IPO shares are expected to be listed on the BSE and SME on March 12, 2026.
This content has been researched and written by the IPO Investors Team…
Disclaimer: Readers are strongly advised to seek guidance from a qualified financial advisor before making any investment decisions. Relying solely on the content presented here for financial choices is done entirely at the reader’s own risk.
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