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Allotment

Elfin Agro India Limited

Elfin Agro India Limited is launching an IPO through a fixed price issue aggregating to ₹25.03 crores. The entire issue consists of a fresh issue of 0.53 crore equity shares, totaling ₹25.03 crores.

The IPO will open for subscription on March 5, 2026, and close on March 9, 2026. The allotment is expected to be finalized on March 10, 2026. The shares are proposed to be listed on the BSE SME platform, with a tentative listing date of March 12, 2026.

The issue price has been fixed at ₹47 per share. The lot size for application is 3,000 shares. For retail investors, the minimum investment requirement is 2 lots (6,000 shares), amounting to ₹2,82,000 at the issue price. For HNI investors, the minimum application size is 3 lots (9,000 shares), totaling ₹4,23,000.

Finshore Management Services Ltd. is acting as the Book Running Lead Manager, while Cameo Corporate Services Ltd. has been appointed as the registrar to the issue. The market maker for the IPO is Shilpa Stock Broker Pvt. Ltd..

Elfin Agro India Limited IPO & Charts
₹47

0%

Open

₹47

HIgh - Low

₹47

Previous Close

₹47

Total Traded Value

0

52 Weeks High

₹47

52 Weeks Low

₹47

Updates On

March 2, 2026

IPO. Open

Mar 5, 2026

IPO. Close

Mar 9, 2026

IPO. Price

₹47.00

IPO Market price

₹91.30 Cr

IPO Details

IPO Date 12 Mar
IPO Listing Date 12 Mar
IPO Face Value ₹5.00 per share
IPO Price Range ₹47.00
IPO Issue Size 53,25,000 shares
IPO Sale Type Fresh Capital
Employee Discount -
IPO Issue Type Fixed Price IPO
IPO Listing BSE SME Platform
Share Holding Pre Issue 1,41,00,000 shares

IPO Timeline

IPO Open Date 5 Mar
IPO Close Date 9 Mar
IPO Allotment (Tentative) 10 Mar
Refunds 11 Mar
Credit to Demat Account 11 Mar
IPO Listing Date 12 Mar

IPO Reservation

Category Offer
QIB Shares Offered -
NII (HNI) Shares Offered 25,20,000 Shares
Retail Shares Offered 25,38,000 Shares

IPO Lot Size

Investors can apply for a minimum of 6,000 shares, and bids must be placed in multiples of 3,000 shares thereafter.

Application Lots Share Amount
Individual investors (Retail) (Min) 2 6,000 ₹2,82,000
Individual investors (Retail) (Max) 2 6,000 ₹2,82,000
S-HNI (Min) 3 9,000 ₹4,23,000
S-HNI (Max)
B-HNI (Min)
About Company

Elfin Agro India Limited is primarily engaged in the manufacturing of wheat-based products and edible oils. Its product portfolio includes Chakki Atta (high-fibre whole wheat flour), R Atta (refined whole wheat flour), Tandoori Atta (specialty flour), Sooji (semolina), Maida (refined flour), and yellow mustard oil.

The company markets processed wheat flour under the brands “Shiv Nandi” and “ELFIN’S Shri Shyam BHOG,” supplying wholesalers and retailers across states such as Rajasthan, Uttar Pradesh, and Gujarat.

In addition to flour products, the company is involved in the extraction, filtration, and production of edible mustard oil from raw mustard seeds. The mustard oil is sold under the brand “Shiv Nandi.”

The company also trades in various agro-products, including chana, maize, soyabean refined oil, rice bran refined oil, wheat, cattle feed, and groundnut oil, depending on market conditions.

It operates two manufacturing units located in Bhilwara, Rajasthan.

The company’s customer base spans eight states—Gujarat, Haryana, Madhya Pradesh, Maharashtra, Punjab, Rajasthan, Uttar Pradesh, and Uttarakhand—as well as two Union Territories: Chandigarh and Delhi.

Competitive Strengths

  • Strategically located processing units supported by robust infrastructure
  • Strong installed capacity enabling cost-effective production and timely order fulfillment
  • Extensive distribution network with presence across multiple retail channels
  • Established and long-standing client relationships
  • High level of customization and operational flexibility
-

Company Financials (Consolidated)

Assets 42.39 33.44 24.69
Total Income 117.72 146.44 124.71
Profit After Tax 3.98 5.08 3.68
EBITDA 6.68 7.54 5.82
Net Worth 17.76 13.78 8.7
Reserves and Surplus 10.71 6.73 7.29
Total Borrowing 12.69 12.19 7.6

Key Performance Indicator (KPI)

ROE 22.42%
ROCE 34%
Debt/Equity 0.71
RoNW 22.42%
PAT Margin 3.39%
EBITDA Margin 5.69%
Price to book value 3.73
IPO Objective

IPO Objects of the Issue

S.No. Objects of the ipo Resources Detail IPO Amount
1 Funding capital expenditure requirements for the purchase of equipment/machineries -
2 To meet out the expenses of Working Capital Requirement 19.33
3 To meet out the General Corporate Purposes; 3.5
4 Offer for Sale (OFS) -

Contact Details

Elfin Agro India Ltd Address
F – 250-251-252-253,
RIICO, Growth Centre, Swaroopganj,
Hamirgarh,
Bhilwara, Rajasthan, 311025
+91 7976780728
cs@elfinagroindia.com
https://www.elfinagroindia.com/

Detail Registrar

IPO Registrar
Cameo Corporate Services Ltd.

+91-44-28460390
ipo@cameoindia.com
https://ipo.cameoindia.com/

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