Elfin Agro India IPO
GMP, Subscription, Price, Dates & Financial Details
Consumer Food
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…
Open Date
Thu, 05 Mar 2026
Close Date
Mon, 09 Mar 2026
Issue Price
₹ 47
Lot Size
3000
Issue Size
₹ 25.00 Cr
Minimum Investment
₹ 282,000 (6000 Shares)
Grey Market Premium Analysis
Day Wise GMP→Unofficial premium quoted in the grey market, tracked daily against the price band cap.
Grey market trading is unregulated. GMP figures are indicative only and should not be the sole basis for investment decisions - treat as a sentiment indicator, not a guarantee.
IPO Details
Elfin Agro India IPO has successfully completed its IPO process and is now listed on BSE SME Platform. According to the Red Herring Prospectus (RHP), the IPO was a fixed price issue with a total issue size of ₹25.00 Crore.
The Elfin Agro India IPO remained open for subscription from March 05, 2026, to March 09, 2026. The basis of allotment was finalized on March 10, 2026, and the company's shares were listed on BSE SME Platform on March 12, 2026.
The company had fixed the price at ₹47 per share, with a lot size of 3000 shares. Retail investors were required to make a minimum investment of ₹282,000 (based on the upper price band) to apply for one lot.
Cameo Corporate Services Limited served as the registrar to the issue. Finshore Management Services Limited acted as the Book Running Lead Managers (BRLMs) to the issue.
With the successful completion of the IPO process, Elfin Agro India Limited is now a publicly listed company on BSE SME Platform. Investors can track the company's share price, trading performance, financial results, and corporate announcements through the stock exchanges.
Elfin Agro India IPO Timeline (Tentative)
- IPO Open Date
- Thu, 05 Mar 26
- IPO Close Date
- Mon, 09 Mar 26
- Basis of Allotment
- Tue, 10 Mar 26
- Initiation of Refunds
- Wed, 11 Mar 26
- Credit of Shares to Demat
- Wed, 11 Mar 26
- Listing Date
- Thu, 12 Mar 26 — NSE & BSE
Open Date
05 March 2026
Close Date
09 March 2026
Basis Of Allotment
10 March 2026
Listing Date
12 March 2026
IPO Subscription
Check Live Subscription →The Elfin Agro India IPO has received bids for 71,10,000 shares against 50,58,000 shares offered, resulting in an overall subscription of 1.41x. the NII category is subscribed 2.22x, Retail Investors 0.59x, and QIBs 0x.
QIB
0x
NII
2.22x
RII
0.59x
Total
1.41x
IPO Reservations
The Retail Individual Investor (RII) category has the highest allocation with 25,38,000 shares, representing 50.18% of the total issue. Qualified Institutional Buyers (QIBs) are allocated 0 shares (%), while Non-Institutional Investors (NIIs) receive 25,20,000 shares (49.82%).
| Category | Shares Offered | Shares Offered % |
|---|---|---|
| Non-Institutional | 2,520,000 | 49.82% |
| Retail Investors | 2,538,000 | 50.18% |
| Total | 5,058,000 | 100% |
Financials Details(₹ 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 |
Financials Performance
Performance Indicators
EPS Pre
Earnings per share before the IPO.
P/E Pre
IPO Offer Price ÷ EPS Pre.
EPS Post
Expected earnings per share after the IPO..
P/E (Post Issue)
IPO Offer Price ÷ EPS Post.
Elfin Agro India Limited KPI Information
| 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 |
| Pat Margin % | 3.39 | 3.48 | 2.95 | 1.78 |
Peers Comparison
| 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 |
About Elfin Agro India Limited
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.
Elfin Agro India IPO 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%
Elfin Agro India IPO Objective
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
Elfin Agro India Limited Address / Contact Details
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
Elfin Agro India IPO Lot Size
The Elfin Agro India IPO has a lot size of 3,000 shares. Retail investors require a minimum investment of ₹2,82,000 by applying for 2 lot (6,000 shares). The maximum application allowed for the retail category is 2 lots (6,000 shares), requiring an investment of ₹2,82,000.
| 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 |
Issue Reservation
- NII — 49.82%
- RII — 50.18%
Book Running Lead Managers
- Finshore Management Services Limited
IPO Documents & Links
Explore More IPOs
Currently Open
Coming Up Next
Disclaimer: This data is for informational purposes only and does not constitute investment advice.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
What is the Elfin Agro India IPO?
Elfin Agro India IPO is a Fixed price IPO with a total issue size of ₹25 crore. The Elfin Agro India IPO price band is ₹47 to 47 per share. The Elfin Agro India IPO subscription opens on Thu, Mar 5, 2026, and closes on Mon, Mar 9, 2026. The Elfin Agro India IPO will be listed on the BSE. Cameo Corporate Services Limited is the registrar for the Elfin Agro India IPO.
When will the Elfin Agro India IPO open for subscription?
The Elfin Agro India IPO opens on Thu, Mar 5, 2026 and closes on Mon, Mar 9, 2026
What is Elfin Agro India IPO Price Band?
Elfin Agro India IPO Price Band is ₹47 to 47 per share.
What is Elfin Agro India IPO Lot Size?
Elfin Agro India IPO lot size is 3000 shares, Retail investors need a minimum investment of ₹282000 based on the upper price band
What is the minimum investment for Elfin Agro India IPO?
The minimum investment for Elfin Agro India IPO is ₹282000, based on one lot of 3000 shares at the upper price band of ₹47 per share.
How to apply for Elfin Agro India IPO?
Investors can apply for the Elfin Agro India IPO through the ASBA (Application Supported by Blocked Amount) facility offered by their bank or through UPI using a SEBI-registered broker or trading app. Select the desired lot size, enter your bid within the price band, and submit the application before Mon, Mar 9, 2026. The application amount remains blocked until the Elfin Agro India IPO allotment is finalized.
What is Elfin Agro India IPO Issue Size?
Elfin Agro India IPO issue size is ₹25 crores.
What is the Elfin Agro India IPO Allotment Date?
Elfin Agro India IPO allotment date is Tue, Mar 10, 2026.
Who is the Elfin Agro India IPO Registrar?
The registrar for Elfin Agro India IPO is Cameo Corporate Services Limited. Investors can go to Cameo Corporate Services Limited website to check Elfin Agro India IPO allotment status, refund processing, and other IPO-related information.
Who is the Elfin Agro India IPO Lead Manager?
The book-running lead managers (BRLMs) for the Elfin Agro India IPO are Finshore Management Services Limited. The lead managers are responsible for managing the IPO process, including issue structuring, regulatory compliance, marketing the public issue, coordinating with investors, and ensuring a smooth listing process. For complete details, investors should refer to the Elfin Agro India IPO Red Herring Prospectus (RHP).