Elfin Agro – ipomarket

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 DetailsGMP Messages Review Subscription Allotment Listing

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).