Allotment
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..
₹470%
Open
HIgh - Low
Previous Close
Total Traded Value
52 Weeks High
52 Weeks Low
Updates On
IPO. Open
IPO. Close
IPO. Price
IPO Market price
| 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 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 |
| Category | Offer |
|---|---|
| QIB Shares Offered | - |
| NII (HNI) Shares Offered | 25,20,000 Shares |
| Retail Shares Offered | 25,38,000 Shares |
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) |
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
| 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 |
| 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 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) | - |
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/
IPO Registrar
Cameo Corporate Services Ltd.
+91-44-28460390
ipo@cameoindia.com
https://ipo.cameoindia.com/