Elfin Agro India Ltd IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| NII (HNI) | — | 2,520,000 (47%) | — | ₹1,184 Cr |
| Retail | — | 2,538,000 (48%) | — | ₹1,193 Cr |
| Market Maker | — | 267,000 (5%) | — | ₹13 Cr |
| Σ Total | — | 5,325,000 (100%) | — | ₹25,028 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 3,000 | ₹141,000 |
| Retail (Max) | 13 | 39,000 | ₹1,833,000 |
| S-HNI (Min) | 14 | 42,000 | ₹1,974,000 |
| B-HNI (Min) | 67 | 201,000 | ₹9,447,000 |
Financial Statements Amount in ₹ Crore
| Metric | 31 Dec 2025 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Revenue | 118 | 146 | 125 |
| EBITDA | 7 | 8 | 6 |
| Profit After Tax | 4 | 5 | 4 |
| Net Worth | 18 | 14 | 9 |
| Total Assets | 42 | 33 | 25 |
| Reserves & Surplus | 11 | 7 | 7 |
| Total Borrowing | 13 | 12 | 8 |
Valuation & Key Ratios
Grey Market Premium (GMP)
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
Objects of the Issue
- Working Capital Requirements – 19.33
- General Corporate Expenses – 3.50
Company Overview
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 extraction, filtering and manufacturing of Edible mustard oil from raw mustard seeds, being the raw material used for its production. Edible mustard oil is sold under our brand “Shiv Nandi”.
They also engage in the trading of certain agro-products, including Chana, Maize, Soyabean Refined Oil, Rice Bran Refined Oil, Wheat, cattle feed, groundnut oil etc based on the prevailing market conditions.
It has two manufacturing units in Bhilwara, Rajasthan.
The company clientele is spread across 8 states which include Gujarat, Haryana, Madhya Pradesh, Maharashtra, Punjab, Rajasthan, Uttar Pradesh and Uttarakhand and 2 Union Territories which include Chandigarh and Delhi.
Competitive Strengths:
- Strategically located Processing Units with robust infrastructure
- Installed Capacity, Cost effective production and timely fulfilment of orders
- Widespread distribution network and presence across various retail channels
- Existing client relationships
- Customization and Flexibility