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EA

Elfin Agro India

Listed SME BSE SME · Other Food Products

Price Band

Issue Size

₹25.03 Cr

Lot Size

3,000 shares

Min Investment

₹282,000

GMP

+₹0.0 (0.0%)

Issue Price

₹47.0

calendar_month Important Dates

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IPO Open Date
Thu, 05 Mar 2026
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IPO Close Date
Mon, 09 Mar 2026
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Allotment Date
Tue, 10 Mar 2026
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Refund Initiation
Wed, 11 Mar 2026
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Credit of Shares
Wed, 11 Mar 2026
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Listing Date
Thu, 12 Mar 2026
Listing Price
₹47.0 +0.0%

bar_chart Subscription Status

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Subscription data unavailable

trending_up Grey Market Premium (GMP)

GMP

₹0.0

GMP %

0.0%

Est. Listing

₹47.0

schedule Updated: 14 Jul 2026 15:52

business About the Company

Elfin Agro India Limited operates in the agro-processing sector, with a primary focus on manufacturing and marketing a variety of wheat-based food products and edible oils. The company produces Chakki Atta (high-fibre whole wheat flour), Refined Wheat Flour (R Atta), Tandoori Atta, Sooji (semolina), Maida (refined flour), and yellow mustard oil. Its processed wheat flour products are marketed under the brands “Shiv Nandi” and “ELFIN’S Shri Shyam BHOG,” reaching wholesalers and retailers across states such as Rajasthan, Uttar Pradesh, and Gujarat. In addition to flour manufacturing, the company is involved in the extraction, filtration, and production of edible mustard oil using raw mustard seeds as the primary input. The mustard oil is sold under the “Shiv Nandi” brand name. Elfin Agro India Limited also undertakes trading activities in selected agro-commodities depending on market conditions. These include chana, maize, soybean refined oil, rice bran refined oil, wheat, cattle feed, and groundnut oil. The company serves customers across eight states—Gujarat, Haryana, Madhya Pradesh, Maharashtra, Punjab, Rajasthan, Uttar Pradesh, and Uttarakhand—as well as the Union Territories of Chandigarh and Delhi. Competitive strengths Strategically located processing facilities Strong installed production capacity with cost-efficient operations and timely order execution Extensive distribution network with presence across multiple retail channels Established and long-standing customer relationships Ability to offer customized solutions with operational flexibility

payments Company Financials (₹ Cr)

As of 2025-12-31

Period Ended 31 Dec 2025 31 Mar 2025 31 Mar 2024 31 Mar 2023
Assets 42.39 33.44 24.69 20.90
Total Income 117.72 146.44 124.71 101.45
Profit After Tax 3.98 5.08 3.68 1.81
EBITDA 6.68 7.54 5.82 3.11
NET Worth 17.76 13.78 8.70 5.02
Reserves and Surplus 10.71 6.73 7.29 3.61
Total Borrowing 12.69 12.19 7.60 7.23

Key Ratios

EPS

₹3.60

NAV

₹9.77

ROE

36.86%

ROCE

47.93%

RoNW

36.86%

P/B Value

4.81

P/E Ratio

13.05

Market Cap

₹91.30 Cr

PAT Margin

3.48%

Debt/Equity

0.88

Promoters

Vimal Kumar Daga, Deepak Pal Daga, Seema Daga, Neetu Daga, Vimal Kumar Ayush Pal Daga (HUF), Vimal Kumar Deepak Pal Daga (HUF) and Deepak Pal Harsh Kumar Daga (HUF)

Objects of the Issue

The Company proposes to utilise the Net Proceeds from the Issue towards the following objects: # Issue Objects Est Amt (₹ Cr.) 1 Working Capital Requirements 19.33 2 General Corporate Expenses 3.50 3 Issue Expenses 2.20 Total 25.03

info Issue Details

Issue Type SME Book Built
Issue Size ₹25.03 Cr
Price Band ₹ (Fixed)
Issue Price ₹47.0
Lot Size 3,000 shares
Min Investment ₹282,000
Exchange BSE SME
Sector Other Food Products
Open Date 05 Mar 2026
Close Date 09 Mar 2026
Allotment 10 Mar 2026
Listing Date 12 Mar 2026

pie_chart Investor Allocation

QIB (Institutional) 50%
NII / HNI 15%
Retail (RII) 35%

Registrar

domain Cameo Corporate Services Ltd.

Lead Managers / Book Running

account_balance Finshore Management Services Ltd.

timeline IPO Timeline

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Open

05 Mar 2026

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Close

09 Mar 2026

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Allotment

10 Mar 2026

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Listing

12 Mar 2026

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