Elfin Agro IPO Details
| IPO Open Date | March 5, 2026 |
| IPO Close Date | March 9, 2026 |
| Face Value | ā¹5 Per Equity Share |
| IPO Price Band | ā¹47 Per Share |
| Issue Size | Approx ā¹25.03 Crores |
| Fresh Issue | Approx ā¹25.03 Crores |
| Issue Type | Fixed Price Issue |
| IPO Listing | BSE SME |
| DRHP Draft Prospectus |  |
| RHP Draft Prospectus | |
Elfin Agro IPO Review & Key Points
- Review:
Elfin Agro IPO Market Lot
The Elfin Agro IPO minimum market lot is 6,000 shares with ā¹2,82,000 application amount.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 2 | 6,000 | ā¹2,82,000 |
| Retail Maximum | 2 | 6,000 | ā¹2,82,000 |
| S-HNI Minimum | 3 | 9,000 | ā¹4,23,000 |
| S-HNI Maximum | – | – | ā¹- |
| B-HNI Minimum | – | – | ā¹- |
IPO Reservation
| Investor Category | Share Offered | Shares (%) |
| Anchor Investor | – Shares | -% |
| QIB (Ex. Anchor) | – Shares | -% |
| NII Shares Offered | 25,20,000 Shares | 47.32% |
| Retail Shares Offered | 25,38,000 Shares | 47.66% |
Elfin Agro IPO Dates
The Elfin Agro IPO date is March 5, and the close date is March 9. The Elfin Agro IPO allotment will be finalized on March 10 and the IPO listing on March 12.
| IPO Open Date: | March 5, 2026 |
| IPO Close Date: | March 9, 2026 |
| Basis of Allotment: | March 10, 2026 |
| Refunds: | March 11, 2026 |
| Credit to Demat Account: | March 11, 2026 |
| IPO Listing Date: | March 12, 2026 |
| IPO Bidding Cut-off Time: | March 9, 2026 – 5 PM |
Promoters and Holding Pattern
The promoters of the company are 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.
| Particular | Shares | % Share |
| Promoter Holding Pre Issue | 1,41,00,000 | 100% |
| Promoter Holding Post Issue | 1,94,25,000 | 72.59% |
Objects of the Issue & Utilisation of proceeds
| Purpose | Crores |
| Working Capital Requirements | ā¹19.33 |
| General Corporate Purpose | ā¹3.50 |
About Elfin Agro IPO
Set up in 2009, Elfin Agro India is one of the growing companies involved in the 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 firm sells its products under the brand āShiv Nandiā and āELFINāS Shri Shyam BHOGā to various wholesalers and retailers in Rajasthan, Uttar Pradesh, Gujarat, etc.
Elfin Agro has a flour manufacturing unit in Bhilwara, which handles grading, sorting, and packaging of raw wheat. Moreover, the firm is also involved in the extraction, refining, and manufacturing of mustard oil seeds. Along with wheat flour, the firm also trades Chana, Maize, Soyabean Refined Oil, Rice Bran Refined Oil, Wheat, cattle feed, groundnut oil, and other various agro-products.
Elfin Agro IPO Company Financial Report
Amount ā¹ in Crores
| Period Ended | Revenue | Expense | PAT | Assets |
| 2023 | ā¹101.45 | ā¹98.26 | ā¹1.81 | ā¹20.90 |
| 2024 | ā¹124.71 | ā¹118.63 | ā¹3.68 | ā¹24.69 |
| 2025 | ā¹146.44 | ā¹138.31 | ā¹5.08 | ā¹33.44 |
| Dec 2025 | ā¹117.72 | ā¹110.77 | ā¹3.98 | ā¹42.39 |
Elfin Agro IPO Valuation – FY2025
Check Elfin Agro IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| KPI | Values |
| ROE: | 36.86% |
| ROCE: | 47.93% |
| EBITDA Margin: | 5.17% |
| PAT Margin: | 3.48% |
| Debt to equity ratio: | 0.88 |
| Earning Per Share (EPS): | ā¹3.60 (Basic) |
| Price/Earning P/E Ratio: | 13.05 |
| Return on Net Worth (RoNW): | 36.86% |
| Net Asset Value (NAV): | ā¹9.77 |
Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
| Abram Food | 9.05 | 11.05 | 38.62% | 22.62 | 64.04 Cr. |
IPO Lead Managers aka Merchant Bankers
- Finshore Management Services Ltd.
Company Address
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: https://www.elfinagroindia.com/
IPO Registrar
Cameo Corporate Services Ltd.
Phone: +91-44-28460390
Email: ipo@cameoindia.com
Website: https://ipo.cameoindia.com/
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Note: The Elfin Agro IPO price band and date are officially announced. The (Elfin Agro IPO grey market premium) will be added to the IPO GMP page as it will start).
