Elfin Agro
Elfin Agro IPO open date is March 5, 2026
and the IPO will close on March 9, 2026. Elfin Agro IPO is a Fixed Price Issue.
The company to raise around ₹25.03 crores via IPO that comprises fresh
issue of ₹25.03 crores and offer for sale up to [.] equity shares with
face value of ₹5 each.
Elfin Agro IPO price band is ₹47 per share. The retail
quota is 50%, QIB is 00%, and HNI is 50%. Elfin Agro IPO to list on BSE SME on
March 12, 2026. The allotment of Elfin Agro IPO date
is March 10, 2026.
The company reported revenue of ₹146.44 crores in 2025
against ₹124.71 crores in 2024. The company reported profit of
₹5.08 crores in 2025 against profit of ₹3.68 crores in 2024. As per
the financials the IPO investors should apply the IPO for a long term.
IPO
DetailsGMPMessagesReviewSubscriptionAllotmentListing
Elfin Agro IPO Details
|
IPO Open Date |
March 5, 2026 |
|
IPO Close Date |
March 9, 2026 |
|
Face Value |
₹5 Per Equity Share |
|
IPO Price Band |
₹47 Per Share |
|
Issue Size |
Approx ₹25.03 Crores |
|
Fresh Issue |
Approx ₹25.03 Crores |
|
Issue Type |
Fixed Price Issue |
|
IPO Listing |
BSE SME |
|
DRHP Draft Prospectus |
|
|
RHP Draft Prospectus |
|
Elfin Agro IPO Review & Key Points
- Review:
Elfin Agro IPO Market Lot
The Elfin Agro IPO minimum market lot is 6,000 shares with
₹2,82,000 application amount.
|
Application |
Lot Size |
Shares |
Amount |
|
Retail Minimum |
2 |
6,000 |
₹2,82,000 |
|
Retail Maximum |
2 |
6,000 |
₹2,82,000 |
|
S-HNI Minimum |
3 |
9,000 |
₹4,23,000 |
|
S-HNI Maximum |
|
|
₹- |
|
B-HNI Minimum |
|
|
₹- |
IPO Reservation
|
Investor Category |
Share Offered |
Shares (%) |
|
Anchor Investor |
Shares |
-% |
|
QIB (Ex. Anchor) |
Shares |
-% |
|
NII Shares Offered |
25,20,000 Shares |
47.32% |
|
Retail Shares Offered |
25,38,000 Shares |
47.66% |
Elfin Agro IPO Dates
The Elfin Agro IPO date is March 5, and the close date is
March 9. The Elfin Agro IPO allotment will be finalized on March 10 and the IPO
listing on March 12.
|
IPO Open Date: |
March 5, 2026 |
|
IPO Close Date: |
March 9, 2026 |
|
Basis of Allotment: |
March 10, 2026 |
|
Refunds: |
March 11, 2026 |
|
Credit to Demat Account: |
March 11, 2026 |
|
IPO Listing Date: |
March 12, 2026 |
|
IPO Bidding Cut-off Time: |
March 9, 2026 5 PM |
Promoters and Holding Pattern
The promoters of the company are Mr. Vimal Kumar Daga, Mr.
Deepak Pal Daga, Mrs. Seema Daga, Mrs. Neetu Daga, M/s. Vimal Kumar Ayush Pal
Daga HUF, M/s. Vimal Kumar Deepak Pal Daga HUF and M/s. Deepak Pal Harsh Kumar
Daga HUF.
|
Particular |
Shares |
% Share |
|
Promoter Holding Pre Issue |
1,41,00,000 |
100% |
|
Promoter Holding Post Issue |
1,94,25,000 |
72.59% |
Objects of the Issue & Utilisation of proceeds
|
Purpose |
Crores |
|
Working Capital Requirements |
₹19.33 |
|
General Corporate Purpose |
₹3.50 |
About Elfin Agro IPO
Set up in 2009, Elfin Agro India is one of the growing
companies involved in the manufacturing of Chakki Atta (High fibre whole wheat
flour), R Atta (Refined whole wheat flour), Tandoori Atta (Specialized flour),
Sooji (Semolina flour), Maida (Refined Flour), and yellow mustard oil. The firm
sells its products under the brand Shiv Nandi and ELFIN S Shri Shyam BHOG
to various wholesalers and retailers in Rajasthan, Uttar Pradesh, Gujarat,
etc.
Elfin Agro has a flour manufacturing unit in Bhilwara, which
handles grading, sorting, and packaging of raw wheat. Moreover, the firm is
also involved in the extraction, refining, and manufacturing of mustard oil
seeds. Along with wheat flour, the firm also trades Chana, Maize, Soyabean
Refined Oil, Rice Bran Refined Oil, Wheat, cattle feed, groundnut oil, and
other various agro-products.
Elfin Agro IPO Company Financial Report
Amount ₹ in Crores
|
Period Ended |
Revenue |
Expense |
PAT |
Assets |
|
2023 |
₹101.45 |
₹98.26 |
₹1.81 |
₹20.90 |
|
2024 |
₹124.71 |
₹118.63 |
₹3.68 |
₹24.69 |
|
2025 |
₹146.44 |
₹138.31 |
₹5.08 |
₹33.44 |
|
Dec 2025 |
₹117.72 |
₹110.77 |
₹3.98 |
₹42.39 |
Elfin Agro IPO Valuation FY2025
Check Elfin Agro IPO valuations detail
like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth
(RoNW), and Net Asset Value (NAV) details.
|
KPI |
Values |
|
ROE: |
36.86% |
|
ROCE: |
47.93% |
|
EBITDA Margin: |
5.17% |
|
PAT Margin: |
3.48% |
|
Debt to equity ratio: |
0.88 |
|
Earning Per Share (EPS): |
₹3.60 (Basic) |
|
Price/Earning P/E Ratio: |
13.05 |
|
Return on Net Worth (RoNW): |
36.86% |
|
Net Asset Value (NAV): |
₹9.77 |
Peer Group Comparison
|
Company |
EPS |
PE Ratio |
RoNW % |
NAV |
Income |
|
Abram Food |
9.05 |
11.05 |
38.62% |
22.62 |
64.04 Cr. |
IPO Lead Managers aka Merchant
Bankers
- Finshore
Management Services Ltd.
Company Address
Elfin Agro India Ltd
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/
IPO Registrar
Cameo Corporate Services Ltd.
Phone: +91-44-28460390
Email: ipo@cameoindia.com
Website: https://ipo.cameoindia.com/
Elfin Agro IPO FAQs
What is Elfin Agro IPO?
Elfin Agro IPO is SME IPO. The company is going to raise
₹25.03 Crores via IPO. The issue is priced at ₹47 per equity share.
The IPO is to be listed on BSE.
When Elfin Agro IPO will open
for subscription?
The IPO is to open on March 5, 2026
for QIB, NII, and Retail Investors. The IPO will close on March 9, 2026.
What is Elfin Agro IPO Investors Portion?
The investors portion for QIB is 0%, NII is 50%, and Retail
is 50%.
How to Apply the Elfin Agro IPO?
You can apply for Elfin Agro IPO via ASBA online via your
bank account. You can also apply for ASBA
online via UPI through your stock brokers.
You can also apply via your stock brokers by filling
up the offline form.
What is Elfin Agro IPO Issue Size?
Elfin Agro IPO issue size is ₹25.03 crores.
What is Elfin Agro IPO Price Band?
Elfin Agro IPO Price Band is ₹47.
What is Elfin Agro IPO Lot Size?
The minimum bid is 6,000 Shares with ₹2,82,000
amount.
What is the Elfin Agro IPO Allotment Date?
Elfin Agro IPO allotment date is March 10, 2026.
What is the Elfin Agro IPO Listing Date?
Elfin Agro IPO listing date is March 12, 2026. The IPO is to
list on BSE.
Note: The Elfin Agro IPO price band and date are officially announced. The (Elfin Agro IPO grey market premium) will
be added to the IPO GMP page as it will start).