Elfin Agro India IPO
Elfin Agro India IPO Details
-
Open Date
05 Mar 2026
-
Close Date
09 Mar 2026
-
Listing Date
12 Mar 2026
- IPO Price Range
₹ 47
- IPO Size
₹ 25.03 Cr
- Listing Exchange
BSE SME
Elfin Agro India IPO Timeline
Elfin Agro India IPO Subscription Status
| Date | NII | Retail | Total |
|---|---|---|---|
| 05-Mar-2026 | 0.81 | 0.13 | 0.47 |
Last Updated: 05 March 2026 5:25 PM by 5paisa
Elfin Agro India Limited, incorporated in 2009 and based in Bhilwara, Rajasthan, manufactures and sells wheat-based food products and edible oils. Its portfolio includes chakki atta, refined flour, sooji, maida and mustard oil, produced at its processing units in the RIICO Growth Centre. The company markets products under brands such as “Shiv Nandi” and “ELFIN’S Shri Shyam Bhog,” supplying wholesalers and retailers across multiple states. It emphasizes quality sourcing, efficient manufacturing and distribution management to serve household consumption needs.
Established in: 2009
Managing Director: Deepak Pal Daga
Elfin Agro India Objectives
1. Gross Proceeds from the Issue (₹25.03 Cr)
2. (Less) Issue related expenses (₹2.20 Cr)
Elfin Agro India IPO Size
| Types | Size |
|---|---|
| Total IPO Size | ₹25 Cr |
| Offer For Sale | - |
| Fresh Issue | ₹25 Cr |
Elfin Agro India IPO Lot Size
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 2 | 6,000 | ₹2,82,000 |
| Retail (Max) | 2 | 6,000 | ₹2,82,000 |
| B - HNI (Max) | 3 | 9,000 | ₹4,23,000 |
| Particulars (In ₹ Crores) | FY23 | FY24 | FY25 |
| Revenue | 101.4 | 124.5 | 145.9 |
| EBITDA | 3.11 | 5.82 | 7.54 |
| Profit After Tax | 1.81 | 3.68 | 5.08 |
| Particulars (In ₹ Crores) | FY23 | FY24 | FY25 |
| Total Assets | 20.9 | 24.7 | 33.44 |
| Share Capital | 1.41 | 1.41 | 7.05 |
| Total Borrowing | 20.9 | 24.7 | 33.44 |
| Particulars (In ₹ Crores) | FY23 | FY24 | FY25 |
| Net Cash Generated From / (used in) operating activities | 0.08 | 2.79 | -3.08 |
| Net Cash Generated From / (used in) Investing Activities | -3.33 | -2.45 | -0.46 |
| Net Cash Generated From / (used in) financing activities | 3.11 | -0.33 | 3.73 |
| Net Increase/ Decrease In Cash And Cash Equivalents | -0.14 | 0.006 | 0.19 |
Strengths
1. Established manufacturer of wheat-based products and edible oils
2. Recognised in regional markets with in-house brands
3. Integrated processing facilities enabling quality control
4. Wide distributor and retailer network across multiple states
Weaknesses
1. Strong dependence on wheat and agri-commodity prices
2. Limited geographic presence beyond core markets
3. Thin margins typical of staple food products
4. Brand visibility lower than large FMCG players
Opportunities
1. Rising demand for packaged staples in semi-urban and rural India
2. Scope to expand into new states and modern retail channels
3. Potential product diversification within food staples
4. Increasing preference for branded over loose commodities
Threats
1. Intense competition from national and regional brands
2. Volatility in raw material costs and supply
3. Regulatory changes in food safety and labeling
4. Dependence on agricultural output and monsoon conditions
1. Operates in the essential food staples segment with steady, non-cyclical demand for wheat flour and edible oil products
2. Diversified product portfolio supported by dedicated flour and mustard oil processing units in Rajasthan
3. Established distribution across multiple states, serving B2B clients, wholesalers and retailers
4. Large processing capacity and growing volumes indicate scalability as branded staples gain traction
Elfin Agro India operates in India’s essential packaged staples segment, manufacturing wheat-based flours, semolina and mustard oil from its Bhilwara facilities. The company benefits from steady demand for daily-consumption food products and an integrated processing setup. Its revenue has shown consistent growth, reflecting expanding market reach and product acceptance. With rising preference for branded staples over loose commodities, the firm has scope to deepen distribution across regions. However, performance remains tied to agricultural output, raw-material prices and competitive pressures in the highly fragmented food processing industry.
- Companies
- Type
- Opening On
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Srinibas Pradhan Constructions
- SME
- 06th Mar
- Pre-Book
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FAQs
Elfin Agro India IPO opens from March 05 , 2026 to March 09, 2026.
The size of Elfin Agro India IPO is ₹25 Cr.
The price band of Elfin Agro India IPO is fixed at ₹47 per share.
To apply for Elfin Agro India IPO, follow the steps given below:
1. Login to your 5paisa demat account and select the issue in the current IPO section
2. Enter the number of lots and the price at which you wish to apply for the Elfin Agro India IPO.
3. Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.
You will receive a mandate notification to block funds in your UPI app.
The minimum lot size of Elfin Agro India IPO is of 6,000 shares and the investment required is ₹2,82,000.
The share allotment date of Elfin Agro India IPO is March 10, 2026.
The Elfin Agro India IPO will likely be listed on March 12, 2026.
Finshore Management Services Limited is the book running lead manager for Elfin Agro India IPO.
Elfin Agro India IPO plans to utilise the raised capital from the IPO for:
1. Gross Proceeds from the Issue (₹25.03 Cr)
2. (Less) Issue related expenses (₹2.20 Cr)
Elfin Agro India Contact Details
F - 250-251-252-253,
RIICO, Growth Centre, Swaroopganj,
Hamirgarh,
Bhilwara, Rajasthan, 311025
Phone: +91 7976780728
Email: cs@elfinagroindia.com
Website: www.elfinagroindia.com
Elfin Agro India IPO Register
Cameo Corporate Services Ltd.
Phone: +91-44-28460390
Email: ipo@cameoindia.com
Website: ipo.cameoindia.com
Elfin Agro India IPO Lead Manager
Finshore Management Services Ltd.