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Elfin Agro India Ltd

IPO Details · GMP · Subscription · Financials

✅ Listed BSE SME SME Live Chart
Issue Price
₹47
Per Share
GMP
NIL
Grey Market
Est. Listing
₹47
Expected Price
Min. Application
₹282,000
2 lots × 3000 shares
IPO Issue Details
Issue Price / Price Band₹47 per share (Fixed Price)
Face Value₹5 Per Share
Lot Size3,000 Shares per Lot
Total Issue Size53,25,000 shares (agg. up to ₹25 Cr)
Issue TypeFixed Price IPO
Sale Type / CategoryFresh Capital
Exchange / PlatformBSE SME
IPO TypeSME
Subscription OpenThu, 05 Mar 2026
Subscription CloseMon, 09 Mar 2026
Anchor AllotmentWed, 04 Mar 2026
Basis of AllotmentTue, 10 Mar 2026
Initiation of RefundsWed, 11 Mar 2026
Credit of Shares to DematWed, 11 Mar 2026
Listing DateThu, 12 Mar 2026
UPI Mandate Deadline5:00 PM on 09 Mar 2026 (Day 3)
Application & Investment Details
Retail — Min (2 Lots)₹2,82,000 — 6,000 shares
Retail — Max (13 Lots)₹1,833,000 (13 Lots)
HNI — Min (3 Lots)₹4,23,000 — 9,000 shares
EPS (Pre-IPO)₹3.60
EPS (Post-IPO)₹2.73
P/E Ratio (Pre-IPO)13.05x
P/E Ratio (Post-IPO)17.2x
Net Offer to Public50,58,000 shares (agg. up to ₹24 Cr
Reserved for Market Maker2,67,000 shares (agg. up to ₹1 Cr)
Pre-IPO Promoter Holding1,41,00,000 shares
Post-IPO Promoter Holding1,94,25,000 shares
About Elfin Agro India Ltd

Elfin Agro India Limited is primarily engaged in the business of 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 company sells processed wheat flour under our brand “Shiv Nandi” and “ELFIN’S Shri Shyam BHOG” to wholesalers and retailers across Rajasthan, Uttar Pradesh, Gujarat, etc.The company is also engaged in the extraction, filtering and manufacturing of Edible mustard oil from raw mustard seeds, being the raw material used for its production. Edible mustard oil is sold under our brand “Shiv Nandi”.They also engage in the trading of certain agro-products, including Chana, Maize, Soyabean Refined Oil, Rice Bran Refined Oil, Wheat, cattle feed, groundnut oil etc based on the prevailing market conditions.It has two manufacturing units in Bhilwara, Rajasthan.The company clientele is spread across 8 states which include Gujarat, Haryana, Madhya Pradesh, Maharashtra, Punjab, Rajasthan, Uttar Pradesh and Uttarakhand and 2 Union Territories which include Chandigarh and Delhi.Competitive Strengths:Strategically located Processing Units with robust infrastructureInstalled Capacity, Cost effective production and timely fulfilment of ordersWidespread distribution network and presence across various retail channelsExisting client relationshipsCustomization and Flexibility

Objects of the Issue

Elfin Agro India Ltd proposes to utilise the net proceeds from the Issue for the following objects:

1
Working Capital Requirements
19.33
2
General Corporate Expenses
3.50
Shareholding & Lock-in
Pre-IPO Promoter Holding 1,41,00,000 shares
Post-IPO Promoter Holding 1,94,25,000 shares
Check AllotmentCheck Status →
Elfin Agro India Ltd — Live Price LIVE
₹47.00
INR · BSE
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Issue ₹47.00 Live Price
Quick Facts
GMP Signal ⚪ No GMP
StatusListed
Issue Price₹47
GMPNIL
Est. Listing₹47
Lot Size3,000 shares
Min Amount₹282,000
Listing Date12 Mar 2026
Disclaimer: GMP is unofficial and unregulated. It does not guarantee actual listing price.
Listing Performance
Issue Price₹47
Listing Date12 Mar 2026
Listing Price
Listing Gain/Loss—%
52-Week High
52-Week Low
Issue Structure & Reservation
Category Shares Offered % Issue Amount (₹ Cr)* Subscription
Market Maker 267,000 ₹1.25 Cr
TOTAL 5,325,000 100.00% ₹25.03 Cr
* Based on ₹47.00 (upper price band)
Lot Size & Investment Details
Lot Size
3,000
Shares
Issue Price
₹47.00
Per Share
Min Investment
₹141,000
1 Lot
Category Lots Shares Amount (₹)
Retail (Min) 1 3,000 ₹141,000
Retail (Max) 13 39,000 ₹1,833,000
sNII (Min) 14 42,000 ₹1,974,000
bNII (Min) 68 204,000 ₹9,588,000
Company Financials — Restated Consolidated (Amount in ₹ Crore)
Particulars31 Dec 202531 Mar 202531 Mar 2024
Revenue from Operations 117.72 146.44 124.71
EBITDA 6.68 7.54 5.82
Profit After Tax (PAT) 3.98 5.08 3.68
Net Worth 17.76 13.78 8.70
Total Assets 42.39 33.44 24.69
Reserves & Surplus 10.71 6.73 7.29
Total Borrowings 12.69 12.19 7.60
Key Ratios & Valuation
Issue Price ₹47
Face Value ₹5 Per Share
P/BV 3.73
RoE 22.42%
RoCE 34%
RoNW 22.42%
PAT Margin (%) 3.39%
EBITDA Margin (%) 5.69%
Debt / Equity 0.71
Company Details
Company
Elfin Agro India Ltd
Exchange
BSE SME
IPO Type
SME IPO
Issue Type
Fixed Price IPO
Face Value
₹5 Per Share
Script Code
N/A
Address
F - 250-251-252-253, RIICO, Growth Centre, Swaroopganj, Hamirgarh, Bhilwara, Rajasthan, 311025
Book Running Lead Managers
Finshore Management Services Ltd
Book Running Lead Manager (BRLM)