Elfin Agro India IPO
Elfin Agro India IPO
Overview
Elfin Agro India IPO is a fixed price issue of ₹25.03 crores. The issue is entirely a fresh issue of 0.53 crore shares of ₹25.03 crore. Elfin Agro India IPO opens for subscription on Mar 5, 2026 and closes on Mar 9, 2026. The allotment for the Elfin Agro India IPO is expected to be finalized on Mar 10, 2026. Elfin Agro India IPO will list on BSE SME with a tentative listing date fixed as Mar 12, 2026. Elfin Agro India IPO price is ₹47 per share. The lot size for an application is 3,000. The minimum amount of investment required by an individual investor (retail) is ₹2,82,000 (6,000 shares) (based on upper price). The minimum lot size for investment in HNI is 3 lots (9,000 shares), amounting to ₹4,23,000. Finshore Management Services Ltd. is the book running lead manager and Cameo Corporate Services Ltd. is the registrar of the issue. The Market Maker of the company is Shilpa Stock Broker Pvt.Ltd..
Total Shares
53,25,000
Issue Size
₹25 Cr
Price Band
₹47 – ₹47
Lot Size
3000 shares
Min. Investment
₹2,82,000
Max. Investment
₹2,82,000
Open Date
05 Mar, 2026
Close Date
09 Mar, 2026
Allotment
10 Mar, 2026
Listing
12 Mar, 2026
Max. Investment
₹2,82,000
Announced
05 Mar, 2026
Opening Date
05 Mar, 2026
Closing Date
09 Mar, 2026
Basis of Allotment
10 Mar, 2026
Initiation of Refunds
11 Mar, 2026
Credit of Shares
11 Mar, 2026
Listing Date
12 Mar, 2026
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About Elfin Agro India IPO
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 extracti
Elfin Agro India IPO Share Price
Issue Breakdown
Shareholding
Dilution: 37.8% increase in shares
Elfin Agro India IPO Financial Health
Elfin Agro India IPO Lot Size
Investors can bid for a minimum of 6,000 shares and in multiples of 3,000 shares thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (Retail) (Min) | 2 | 6000 | ₹2,82,000 |
| Individual investors (Retail) (Max) | 2 | 6000 | ₹2,82,000 |
| HNI (Min) | 3 | 9000 | ₹4,23,000 |
(All values in CR)
Elfin Agro India IPO Valuations
| Metric | Value |
|---|---|
| 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 |
(All values in CR)
Elfin Agro India IPO Strength & Risk
Elfin Agro India IPO Strengths 👍
- Integrated agro-processing business with diversified products such as flour and edible oils
- Established manufacturing and processing facilities with quality certifications
- Strong relationships with distributors, wholesalers, and retail customers
- Presence in multiple regional markets supporting stable demand
- Consistent revenue growth in recent years
- Business operates in the essential food products segment with steady demand potential
- Fresh issue expected to support working capital and business growth
Elfin Agro India IPO Risks ⚠️
- Operates in a low-margin food processing industry
- Profitability depends heavily on fluctuations in raw material prices
- Dependence on agricultural supply and seasonal availability
- Geographic concentration of business operations
- Strong competition from large branded players and local manufacturers
- SME listing may result in lower liquidity and higher price volatility
- Limited scale compared to larger food processing companies
Elfin Agro India IPO Subscriptions Status
Elfin Agro India IPO subscribed 1.24 times. The public issue subscribed 0.43 times in the individual investors category, [.] times in QIB (Ex Anchor), and 2.05 times in the NII category by March 9, 2026 1:09:34 PM (Day 3).
| Investor Category | Subscription (times) | Shares Offered | Shares bid for | Total Amount (Rs Cr.) |
|---|---|---|---|---|
| Market Maker | 1.00 | 2,67,000 | 2,67,000 | 1.25 |
| NII | 2.05 | 25,20,000 | 51,63,000 | 24.27 |
| Individual Investors | 0.43 | 25,38,000 | 10,86,000 | 5.1 |
| Total | 1.24 | 50,58,000 | 62,49,000 | 29.37 |
Elfin Agro India IPO GMP
Elfin Agro India SME IPO last GMP is ₹0, last updated Mar 9th 2026 12:59 PM. With the price band of 47.00, Elfin Agro India SME IPO's estimated listing price is ₹47 (cap price + today's GMP).The expected percentage gain/loss per share is 0.00%.
Last updated 09 Mar, 2026 · Source: aggregated grey-market dealers
| Date | IPO Price | GMP | Sub2 Sauda | Est. Listing | Est. Profit | Updated |
|---|---|---|---|---|---|---|
| 09 Mar, 2026 | 47 | ₹0 | - | ₹47 (0.00%) | - | 09 Mar, 2026 |
| 08 Mar, 2026 | 47 | ₹0 | - | ₹47 (0.00%) | - | 08 Mar, 2026 |
| 07 Mar, 2026 | 47 | ₹0 | - | ₹47 (0.00%) | - | 07 Mar, 2026 |
| 06 Mar, 2026 | 47 | ₹0 | - | ₹47 (0.00%) | - | 06 Mar, 2026 |
| 05 Mar, 2026 | 47 | ₹0 | - | ₹47 (0.00%) | - | 05 Mar, 2026 |
| 04 Mar, 2026 | 47 | ₹0 | - | ₹47 (0.00%) | - | 04 Mar, 2026 |
| 03 Mar, 2026 | 47 | ₹0 | - | ₹47 (0.00%) | - | 03 Mar, 2026 |
| 02 Mar, 2026 | 47 | ₹0 | - | ₹47 (0.00%) | - | 02 Mar, 2026 |
| 01 Mar, 2026 | 47 | ₹0 | - | ₹47 (0.00%) | - | 01 Mar, 2026 |
| 28 Feb, 2026 | 47 | ₹0 | - | ₹47 (0.00%) | - | 28 Feb, 2026 |
Disclaimer: GMP is an unofficial signal from grey-market dealers and is not regulated by SEBI. Use it alongside subscription data and other research for informed decision-making.
How to Apply for Elfin Agro India IPO
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Find Elfin Agro India IPO under the IPO section. Select it and enter your bid details — choose lot size and price (cut-off price recommended).
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Your funds will be blocked in your account until the IPO allotment process is completed.