Last Updated on February 28, 2026 by Rajat Bhati
Elfin Agro India IPO Description – Incorporated in 2009, Elfin Agro India has steadily grown into a recognized name in the agro-processing and food manufacturing sector, focusing on quality-driven production and a customer-centric business model. The company manufactures a wide range of products, including Chakki Atta, R Atta, Tandoori Atta, Sooji, Maida, and Mustard Oil, marketed under its flagship brands “Shiv Nandi” and “ELFIN’S Shri Shyam Bhog. It also engages in trading agro-products like Chana, Maize, Refined Soyabean Oil, Rice Bran Oil, Wheat, Cattle Feed, and Groundnut Oil, while strategically repackaging bulk-purchased edible oils to strengthen brand visibility.
The company operates two primary manufacturing units located at the RIICO Growth Centre, Bhilwara— a Flour Processing Unit with an installed capacity of 47,450 MTPA (Million Tonnes Per Annum) and a Mustard Oil Processing Unit with an installed capacity of 18,250 MTPA. In FY 2024-25, Elfin Agro processed 31,940 tonnes of wheat and 4,170 tonnes of mustard seeds.
Its clientele spans 8 states and 2 Union Territories, including Rajasthan, Gujarat, Uttar Pradesh, Haryana, Madhya Pradesh, Punjab, Maharashtra, Uttarakhand, Chandigarh, and Delhi. Its distribution network caters to B2B clients (41.40% of FY 2025 revenue), wholesalers (43.33%), retailers, traders, and direct consumers. As of 31 January 2026, Elfin Agro India has a team of 23 employees.
Promoters of Elfin Agro India – 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
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Elfin Agro India IPO Details
| Elfin Agro India IPO Dates | 5 – 9 March 2026 |
| Elfin Agro India Issue Price | INR 47 per share |
| Fresh Issue | 53,25,000 shares (INR 25.03 crore) |
| Offer For Sale | Nil |
| Total IPO Size | 53,25,000 shares (INR 25.03 crore) |
| Minimum Bid | 6,000 shares (INR 2,82,000) |
| Lot Size | 3,000 shares (INR 1,41,000) |
| Face Value | INR 5 per share |
| Individual Allocation | 50% |
| Listing On | BSE SME |
Elfin Agro India Financial Performance
| FY 2023 | FY 2024 | FY 2025 | 9M FY 2026 | |
| Revenue | 101.39 | 124.46 | 145.86 | 117.48 |
| Expenses | 98.26 | 118.63 | 138.31 | 110.77 |
| Net income | 1.81 | 3.68 | 5.08 | 3.98 |
Elfin Agro India Offer News
- Elfin Agro India RHP
- Elfin Agro India Draft Prospectus
- ASBA IPO Forms
- Live IPO Subscription Status
- Highest SME IPO Subscription in 2025
Elfin Agro India Valuations & Margins
| FY 2023 | FY 2024 | FY 2025 | |
| EPS | 1.28 | 2.61 | 3.60 |
| PE ratio | – | – | 13.06 |
| RONW (%) | 35.98 | 42.26 | 36.86 |
| NAV | 35.63 | 61.70 | 9.77 |
| ROCE (%) | 31.14 | 52.13 | 47.93 |
| EBITDA (%) | 3.07 | 4.68 | 5.17 |
| Debt/Equity | 1.44 | 0.87 | 0.88 |
Elfin Agro India IPO GMP Today
| Date | Consolidated IPO GMP | Subject to Sauda |
| Coming soon | – | – |
Elfin Agro India IPO Subscription – Live Updates
Coming soon
The market maker reservation portion of 2,67,000 shares is not included in the above calculations.
Elfin Agro India IPO Allotment Status
Elfin Agro India IPO allotment status will be available on the Cameo Corporate Services website. Click on this link to get the allotment status.
Elfin Agro India IPO Dates & Listing Performance
| IPO Opening Date | 5 March 2026 |
| IPO Closing Date | 9 March 2026 |
| Finalization of Basis of Allotment | 10 March 2026 |
| Initiation of refunds | 11 March 2026 |
| Transfer of shares to demat accounts | 11 March 2026 |
| IPO Listing Date | 12 March 2026 |
| Opening Price on BSE SME | Coming soon |
| Closing Price on BSE SME | Coming soon |
Elfin Agro India Offer Lead Manager
FINSHORE MANAGEMENT SERVICES LIMITED
Anandlok Building, Block-A, 2nd Floor, Room No. 207,
227 A.J.C Bose Road, Kolkata-700020
Phone: 033 – 2289 5101 / 4603 2561
Email: [email protected]
Website: www.finshoregroup.com
Elfin Agro India Offer Registrar
CAMEO CORPORATE SERVICES LIMITED
Subramanian Building, No. 1, Club House Road,
Chennai – 600 002
Tel: +91-44-40020700 / 28460390
E-mail: [email protected]
Website: www.cameoindia.com
Elfin Agro India Contact Details
ELFIN AGRO INDIA LIMITED
F – 250-251-252-253, RIICO, Growth Centre,
Swaroopganj, Hamirgarh, Bhilwara, Rajasthan – 311025
Phone: +91 7976780728
E-mail: [email protected]
Website: www.elfinagroindia.com
IPO FAQs
What is the Elfin Agro India offer size?
Elfin Agro India offer size is INR 25.03 crores.
What is the Elfin Agro India offer price band?
Elfin Agro India public offer price is INR 47 per share.
What is the lot size of the Elfin Agro India IPO?
Elfin Agro India offer lot size is 3,000 shares.
What is the Elfin Agro India IPO GMP today?
Elfin Agro India IPO GMP today is INR NA per share.
What is the Elfin Agro India kostak rate today?
Elfin Agro India kostak rate today is INR NA per application.
What is the Elfin Agro India IPO Subject to Sauda rate today?
Elfin Agro India Subject to Sauda rate today is INR NA per application.