Elfin Agro India IPO
Open SmeCurrent GMP
₹0 (0.00%)
Price Band
₹ 47 – 47
Lot Size
3000
Issue Size
₹25 Cr
Minimum Investment
₹282000 (6000 Shares)
Listing Date
12 March 2026
Subscription
1.41x
About the Company
Elfin Agro India Limited is primarily engaged in the manufacturing and processing of a wide range of agro-based products, including 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 company markets its processed wheat flour products under the brands “Shiv Nandi” and “ELFIN’S Shri Shyam BHOG”, catering to wholesalers and retailers across states such as Rajasthan, Uttar Pradesh, and Gujarat, among others.
In addition to flour manufacturing, Elfin Agro India Limited is engaged in the extraction, filtration, and production of edible mustard oil from raw mustard seeds. The company sells its mustard oil products under the brand “Shiv Nandi.”
The company also participates in the trading of various agro-products based on market demand, including Chana, Maize, Soyabean Refined Oil, Rice Bran Refined Oil, Wheat, Cattle Feed, and Groundnut Oil.
Elfin Agro India Limited has established a diverse customer base across 8 states—Gujarat, Haryana, Madhya Pradesh, Maharashtra, Punjab, Rajasthan, Uttar Pradesh, and Uttarakhand—and 2 Union Territories, namely Chandigarh and Delhi.
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. Vimal Kumar Deepak Pal Daga HUF
- M/s. Deepak Pal Harsh Kumar Daga HUF
Promoters Holding
Holding Pre Issue
100.00%
Holding Post Issue
72.59%
Objects of the Issue
The Company Elfin Agro India IPO proposes to utilise the Net Proceeds from the Issue towards the following objects.
- Working Capital Requirements
- General Corporate Expenses
Address / Contact Info
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: http://www.elfinagroindia.com/
IPO Snapshot
IPO Timeline (Tentative)
IPO Open Date
Thursday, 05 March 2026
IPO Close Date
Monday, 09 March 2026
Basis of Allotment
Tuesday, 10 March 2026
Initiation of Refunds
Wednesday, 11 March 2026
Credit of Shares to Demat
Wednesday, 11 March 2026
Listing Date
Thursday, 12 March 2026 — NSE & BSE
Important Dates
Open Date
05 March 2026
Close Date
09 March 2026
Basis Of Allotment
10 March 2026
Listing Date
12 March 2026
Financial Performance (₹ in Crores)
| Particular | 31 Dec 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Assets | 42.39 | 33.44 | 24.69 | 20.9 |
| Revenue | 117.72 | 146.44 | 124.71 | 101.45 |
| Profit After Tax | 3.98 | 5.08 | 3.68 | 1.81 |
| Net Worth | 17.76 | 13.78 | 8.7 | 5.02 |
| Reserve & Surplus | 10.71 | 6.73 | 7.29 | 3.61 |
| Total Borrowings | 12.69 | 12.19 | 7.6 | 7.23 |
EPS Pre
3.60%
EPS Post
2.73%
P/E Pre
13.05
P/E (Post Issue)
17.20x
Company Financial Information
KPI Information (₹ in Crores)
| Particular | Dec 2025 | Mar 2025 | Mar 2024 | Mar 2023 |
|---|---|---|---|---|
| ROE % | 22.42 | 36.86 | 42.26 | 35.98 |
| ROCE % | 34 | 47.93 | 52.13 | 31.14 |
| Debt / Equity | 0.71 | 0.88 | 0.87 | 1.44 |
| RoNW % | 22.42 | 36.86 | 42.26 | 35.98 |
| PbW | 0 | 0 | 0 | 0 |
| Pat Margin % | 3.39 | 3.48 | 2.95 | 1.78 |
Return Ratio
IPO Reservations
| Category | Shares Offered | Shares Offered % | Max Allotee |
|---|---|---|---|
| Non-Institutional | 2520000 | 49.82 | 0 |
| Retail Investors | 2538000 | 50.18 | 0 |
| Total | 5058000 | 100 | 0 |
Subscription Status ( Mon, 09 Mar 26 01:46 PM)
| Category | Shares Offered | Shares Bid For | Subscription (x) |
|---|---|---|---|
| Qualified Institutions | 0 | 24000 | 0x |
| Non-Institutional | 2520000 | 5598000 | 2.22x |
| Retail Investors | 2538000 | 1488000 | 0.59x |
| Total | 5058000 | 7110000 | 1.41x |
Subscription figures are updated periodically and may change until issue closing. Data reflects bids placed across exchanges.
Peer Comparision
| Company | Face Value | PE Ratio | EPS Basic | EPS Diluted | RoNW | Net Assets |
|---|---|---|---|---|---|---|
| Elfin Agro India Ltd | 5 | 13.05 | 3.60 | 3.60 | 36.86 | 9.77 |
| Abram Food Ltd | 10 | 11.05 | 9.05 | 9.05 | 38.62 | 22.62 |
Lot Size & Investment Details
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 2 | 6,000 | 282,000.00 |
| Retail (Max) | 2 | 6,000 | 282,000.00 |
| S-HNI (Min) | 3 | 9,000 | 423,000.00 |
Registrar
Cameo Corporate Services Limited
044 - 2846 0390/91/92/93/94/95
cameo@cameoindia.com
https://cameoindia.com
Book Running Lead Managers
- Finshore Management Services Limited
RHP Document
DRHP Document
Disclaimer: This data is for informational purposes only and does not constitute investment advice. Figures shown are illustrative sample data.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
Elfin Agro India IPO is a Fixed price IPO worth ₹25 crores. The price band is ₹47 to 47 per share. The IPO opens on Thu, Mar 5, 2026 and closes on Mon, Mar 9, 2026. It will be listed on BSE and NSE. Cameo Corporate Services Limited is the registrar.
The Elfin Agro India IPO opens on Thu, Mar 5, 2026 and closes on Mon, Mar 9, 2026
Elfin Agro India IPO Price Band is ₹47 to 47.
Elfin Agro India IPO lot size is 3000, and the minimum amount required for application is ₹282000.
The minimum investment for Elfin Agro India IPO is approximately ₹282000 based on the upper price band.
To apply for the Elfin Agro India IPO , investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of Mon, Mar 9, 2026. After submission, funds are blocked until the basis of allotment of Elfin Agro India IPO is finalised.
Elfin Agro India IPO issue size is ₹25 crores.
Elfin Agro India IPO allotment date is Sat, Jun 27, 2026.
The registrar for Elfin Agro India IPO is Cameo Corporate Services Limited. Investors can go to Cameo Corporate Services Limited website for IPO allotment status, refund processing, and other queries related to Elfin Agro India IPO through their official website or helpline.