Elfin Agro
Table of Contents
- 01 IPO Description
- 02 IPO Parameters
- 03 IPO Roadmap
- 04 GMP History
- 05Elfin Agro IPO Market Lot
- 06 Elfin Agro IPO Details
- 07 Elfin Agro IPO – Reservation
- 08 Elfin Agro IPO Dates
- 09 Elfin Agro IPO – Promoters & Holding Pattern
- 10 Elfin Agro IPO – Objects of the Issue
- 11 About Elfin Agro IPO
- 12 Elfin Agro IPO – Financial Report
- 13 Elfin Agro IPO – Valuation (FY2025)
- 14 Peer Group Comparison
- 15 IPO Lead Managers aka Merchant Bankers
IPO PARAMETERS
IPO ROADMAP
Grey Market Premium HISTORY
| Date | GMP (₹) | Daily Change | Gain (%) |
|---|---|---|---|
| 06 Mar 2026 | ₹0.00 | - | 0.00% |
Elfin Agro IPO MARKET LOT
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 2 | 6,000 | ₹282,000 |
| Retail Maximum | 2 | 6,000 | ₹282,000 |
| S-HNI Minimum | 3 | 9,000 | ₹423,000 |
| S-HNI Maximum | 7 | 21,000 | ₹987,000 |
| B-HNI Minimum | 8 | 24,000 | ₹1,128,000 |
Elfin Agro IPO DETAILS
| IPO Open Date | March 5, 2026 |
| IPO Close Date | March 9, 2026 |
| Face Value | ₹5 Per Equity Share |
| IPO Price | ₹47 Per Share |
| Issue Size | Approx ₹25.03 Crores |
| Fresh Issue | Approx ₹25.03 Crores |
| Issue Type | Fixed Price Issue |
| IPO Listing | BSE SME |
Elfin Agro IPO – RESERVATION
| Investor Category | Shares Offered | Shares (%) |
|---|---|---|
| Anchor Investor | – Shares | – % |
| QIB (Ex. Anchor) | – Shares | – % |
| NII (HNI) | 25,20,000 Shares | 47.32% |
| Retail | 25,38,000 Shares | 47.66% |
Elfin Agro IPO DATES
| 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 |
Elfin Agro IPO – Promoters & Holding PATTERN
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% |
Elfin Agro IPO – Objects of the ISSUE
| Purpose | Amount (₹ Crores) |
|---|---|
| Working Capital Requirements | ₹19.33 |
| General Corporate Purpose | ₹3.50 |
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 “Shiv Nandi” and “ELFIN’S Shri Shyam BHOG” 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 – Financial REPORT
| Period Ended | Revenue (₹ Cr) | Expense (₹ Cr) | PAT (₹ Cr) | Assets (₹ Cr) |
|---|---|---|---|---|
| 2023 | ₹101.45 | ₹98.26 | ₹1.81 | ₹20.90 |
| 2024 | ₹124.71 | ₹118.63 | ₹3.68 | ₹24.69 |
| 2025 | ₹146.44 | ₹138.31 | ₹5.08 | ₹33.44 |
| Dec 2025 | ₹117.72 | ₹110.77 | ₹3.98 | ₹42.39 |
Elfin Agro IPO – Valuation (FY2025)
| 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) | ₹3.60 (Basic) |
| Price / Earnings (P/E) Ratio | 13.05 |
| Return on Net Worth (RoNW) | 36.86% |
| Net Asset Value (NAV) | ₹9.77 |
Peer Group COMPARISON
| Company | EPS | P/E Ratio | RoNW % | NAV | Income |
|---|---|---|---|---|---|
| Abram Food | 9.05 | 11.05 | 38.62% | 22.62 | ₹64.04 Cr. |
IPO Lead Managers aka Merchant BANKERS
IPO Lead Managers aka Merchant Bankers
- Finshore Management Services Ltd.