IPO

Elfin Agro India Limited IPO

BSE SME Live

Offer Date: Mar 5, 2026 - Mar 9, 2026

₹ 282000 /6000 Shares
*Min Investment

Apply

05 Mar, 2026

Open Date

09 Mar, 2026

Close Date

10 Mar, 2026

Allotment Date

12 Mar, 2026

Listing Date
Elfin Agro India IPO Live Subscription Details
View Subscription Details
Individual 0.25x
NIIs 1.92x
Individual 0.25x
Total 1.08x
Last updated: 06 Mar 2026, 05:00 PM
Elfin Agro India IPO Issue Details
  • Issue Price ₹47 per equity share
  • Face Value ₹5 Per Equity Share
  • Total Issue Size 53,25,000 shares(aggregating up to ₹25.03 crore)
  • Fresh Share 53,25,000 shares(aggregating up to ₹25.03 crore)
  • Listing at BSE SME
  • Lead Manager Finshore Management Services Ltd.
  • Registrar Cameo Corporate Services Ltd.
Market Lot Size

Investors can bid for a minimum of 6000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors and HNI in terms of shares and amount.

Application Lots Shares Amount
Individual (min) 2 6000 ₹2,82,000
Individual(max) 2 6000 ₹2,82,000
SHNI(min) 3 9000 ₹4,23,000
Elfin Agro India IPO Reservation

Elfin Agro India IPO offers total 5325000 shares. Out of which NA (NA%) allocated to QIB, 2520000 (47.32%) allocated to NII,2538000 (47.66%) allocated to RII, NA (NA%) allocated to employees and NA (NA%) allocated to Anchor investors.

Investor Category Shares Offered Maximum Allottees
Market Maker Shares Offered 267000 (5.01%)
NII (HNI) Shares Offered 2520000 (47.32%)
Individual Shares Offered 2538000 (47.66%)
Total Shares Offered 5325000 (100%)
Elfin Agro India IPO Documents
Elfin Agro India IPO Details


Elfin Agro India Limited IPO is an SME IPO, priced at ₹47 per equity share. The equity shares have a face value of ₹5 Per Equity Share each and will be listed on the BSE SME platform. The IPO comprises a total issue of 53,25,000 equity shares, aggregating up to ₹25.03 crores..

The IPO bidding window is open from Mar 5, 2026 to Mar 9, 2026. The allotment is expected to be finalized on Mar 10, 2026, and the tentative listing date is Mar 12, 2026.

The minimum lot size for Individual investors is 6000 shares, with a minimum investment of ₹2,82,000.

Finshore Management Services Ltd. is acting as the lead manager to the issue. The registrar of the IPO is Cameo Corporate Services Ltd., and

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Elfin Agro India IPO Subscription Analysis And Details
Retail
0.25x
Total
1.08x
As on QIB / NII Individual Total
Shares Offered / Reserved 25,20,000 25,38,000 50,58,000
Day 1 05-03-26 05:00 PM
0.81 x 0.13 x 0.47 x
Day 2 06-03-26 05:00 PM
1.92 x 0.25 x 1.08 x
Elfin Agro India Valuations
EPS Pre IPO ₹3.60/-
EPS Post IPO ₹2.73/-
P/E Pre IPO 13.05
P/E Post IPO 17.20
ROE 36.86%
ROCE 47.93%
Debt/Equity 0.88
RoNW 36.86%
PAT Margin 3.48%
Price to Book Value 4.81
Market Cap. 91.30 Cr.
Elfin Agro India Company Financials
In Crs.
In Cr.
31-Dec-25 31-Mar-25 31-Mar-24 31-Mar-23
Assets 42.39 33.44 24.69 20.90
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 8.70 5.02
Reserves & Surplus 10.71 6.73 7.29 3.61
Total Borrowing 12.69 12.19 7.60 7.23
About Elfin Agro India Company

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.
Company sell processed wheat flour products under our brand name ‘Shiv Nandi’ and ‘ELFIN’S Shri Shyam BHOG’ to wholesalers and retailers in the states of Rajasthan, Uttar Pradesh, Gujarat, etc.The company also engaged in the business of extraction, filtering, and manufacturing of edible mustard oil from raw mustard seeds, which are used to manufacture edible mustard oil. Edible mustard oil is sold under our brand name ‘Shiv Nandi’.Thye also trade in certain agro products such as Chana, Maize, Soyabean Refined Oil, Rice Bran Refined Oil, Wheat, cattle feed, Groundnut Oil, etc., depending on the prevailing market conditions.
They have two manufacturing units at Bhilwara in the State of Rajasthan.
The Company list spans 8 states including Gujarat, Haryana, Madhya Pradesh, Maharashtra, Punjab, Rajasthan, Uttar Pradesh, and Uttarakhand, along with 2 Union Territories including Chandigarh and Delhi.

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Elfin Agro India - Promoter(s)

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 and M/s. Deepak Pal Harsh Kumar Daga HUF

Pre Issue Share Holding : 100%

Post Issue Share Holding : 72.59%

Elfin Agro India IPO - Issue Objectives
1

Working Capital Requirements

2

General Corporate Expenses

Contact Details

Elfin Agro India

F - 250-251-252-253, RIICO, Growth Centre, Swaroopganj, Hamirgarh, Bhilwara, Rajasthan, 311025

+91 7976780728

cs@elfinagroindia.com

https://www.elfinagroindia.com/

Registrar Contact Details

Cameo Corporate Services Limited

+91-44-28460390

ipo@cameoindia.com

https://ipo.cameoindia.com/

UPI Mandate for Bids placed between 5 PM and before 10 AM will be received after 10 AM.
Elfin Agro India Limited IPO
Elfin Agro India

Offer Date

Mar 05 - Mar 09, 2026

Offer Price

₹ 47

Lot Size

3000


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