Elfin Agro India IPO Day 1: GMP & Subscription Flat | Live Updates

Posted by : Neeraj Pandey | Thu Mar 05 2026

The Elfin Agro India IPO GMP is ₹0 as of 5th March 2026. It is a book-building issue IPO of ₹25.03 crores. This is an entirely fresh issue of 0.53 crore shares. The issue will be listed on BSE and SME on its tentative listing date, 12th March 2026. The face value of Elfin Agro India IPO shares is ₹10 per share, and the IPO price band is ₹47 per share. Retail investors can bid for a minimum of 2 lots of 6,000 shares worth ₹2,82,000. Scroll down to check the Elfin Agro India IPO GMP and subscription details.

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Elfin Agro India IPO GMP Grey Market Premium

As mentioned earlier, the Elfin Agro India IPO GMP currently stands at ₹0.00 per share. Thus, the estimated listing price would be at ₹47.00. This indicates that the estimated listing gain in this IPO could be 0.00%. Explore the table for Elfin Agro India IPO GMP updates.

GMP DATE	IPO Price	GMP Price	Estimated Listing Price	Estimated Gain
5-2-2026	₹47.00	₹0.00	₹47.00	0.00%
4-2-2026	₹47.00	₹0.00	₹47.00	0.00%
3-3-2026	₹47.00	₹0.00	₹47.00	0.00%
2-3-2026	₹47.00	₹0.00	₹47.00	0.00%
1-3-2026	₹47.00	₹0.00	₹47.00	0.00%
28-2-2026	₹47.00	₹0.00	₹47.00	0.00%

Note: GMP details are subject to change in response to market conditions and fluctuations. Check the live GMP status of the Elfin Agro India IPO at Univest.

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Elfin Agro India IPO Subscription Status

As of now, the Elfin Agro India IPO has been subscribed to 0.27 times. Of these, 0.03 times are subscribed by retail investors, 0.01 times by non-institutional investors, and 0.87 times by QII (Qualified Institutional Investors).

The healthy subscription status indicates that investors are expecting higher returns at the time of Elfin Agro India’s IPO listing on 12th March 2026. Elfin Agro India also has a positive outlook behind the offer for sale of 0.53 crore shares, which will raise around Rs 25.03 crores.

Note: GMP details are subject to change based on market conditions and fluctuations. Check the live Elfin Agro India IPO Subscription status at Univest.

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Elfin Agro India IPO Details

IPO Allotment Date	10th March 2026
IPO Open Date	5th March 2026
IPO Close Date	9th March 2026
Refund Initiation	11th March 2026
Issue Size	53,25,000 shares(agg. up to ₹25 Cr)
Face Value	₹5 per share
Lot Size	3,000 Shares
Issue Price	₹47 per share
Issue Type	Bookbuilding IPO
Listing At	BSE & SME
Listing Date	12th March 2026

Also Read: Elfin Agro India IPO GMP & Review: Apply or Avoid?

Explanation

Elfin Agro India IPO: Elfin Agro India IPO Limited has declared an issue price band of ₹47 per share. With this IPO, the company allows retail investors to bid for at least 2 lots of 6,000 shares, each worth ₹2,82,000. The face value of Elfin Agro India IPO Limited shares is ₹5 per share. The shares of Elfin Agro India IPO Limited will be listed on BSE and SME on its tentative listing day, 12th March 2026. Scroll down to check GMP updates and Elfin Agro India IPO reviews.

About Elfin Agro India Ltd.

The company is also involved in the extraction and manufacturing of edible mustard oil from raw mustard seeds, which is the raw material for the production of edible mustard oil. Edible mustard oil is sold under our brand “Shiv Nandi.” The company is also in the business of trading of certain Agro products like Chana, Maize, Soyabean Refined Oil, Rice Bran Refined Oil, Wheat, cattle feed, groundnut oil, and other Agro products depending on the market conditions. It has two units located in Bhilwara in the state of Rajasthan. The clientele of the company is spread across 8 states which include Gujarat, Haryana, Madhya Pradesh, Maharashtra, Punjab, Rajasthan, Uttar Pradesh, and Uttarakhand. 2 Union Territories include Chandigarh and Delhi.

Elfin Agro India Limited Financials

The company’s financial analysis is essential before applying for the Elfin Agro India IPO. See the table for Elfin Agro India Limited’s financials.

Year Ended	31st Dec 2025 (in cr.)	31st March 2025 (in cr.)	31st March 2024 (in cr.)	31 Mar 2023 (in cr.)
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 Borrowings	12.69	12.19	7.60	7.23

Explanation

Elfin Agro India Limited’s revenue increased by 17.42% from ₹124.71 crores in March 2024 to ₹146.44 crores in March 2025. Moreover, the company’s PAT increased by 38.04% from ₹3.68 crore in March 2024 to ₹5.08 crore in March 2025.

Elfin Agro India IPO Objectives

The primary aim of the Elfin Agro India IPO is to raise ₹25.03 crores.

To meet working capital requirements
To meet general corporate expenses

Elfin Agro India IPO Registrar

MUFG Intime India Private Limited is the registrar for the Elfin Agro India IPO, awaiting the allotment process and initiating refunds. For any queries regarding the Elfin Agro India allotment and refund, you can contact MUFG Intime India Private Limited at sedemac.ipo@in.mpms.mufg.com or +91-22-4918 6270.

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Elfin Agro India IPO Review

Image of Elfin Agro India IPO: Apply or Avoid

The Elfin Agro India IPO has gained neutral ratings from industry experts, brokers, and institutional investors. Elfin Agro India Limited’s revenue increased by 17.42% from ₹124.71 crores in March 2024 to ₹146.44 crores in March 2025. Moreover, the company’s PAT increased by 38.04% from ₹3.68 crore in March 2024 to ₹5.08 crore in March 2025.

Most analysts recommend applying for this IPO to diversify your investment portfolio. However, we’re waiting for additional ratings to get a clearer picture and will keep posting them to deliver real-time insights. Until then, you can explore the company’s technical analysis to know whether you should apply for the Elfin Agro India IPO or not.

FAQs on Elfin Agro India IPO

Key Indicators	Value
PE Ratio (Price-to-Earnings)	13.05
EPS (Earnings Per Share)	3.60
RoNW	22.42%
ROCE	34.00%
ROE	22.42%
EBITDA Margin	5.69%
Price to Book Value	3.73
Market Capitalisation	₹91.30 Cr

The P/E ratio of Elfin Agro India Limited shares is 13.05, and its Earnings Per Share (EPS) stands at 3.60. Thus, the Elfin Agro India IPO can deliver gains on its tentative listing date, 12th March 2026.

Note: The data, as mentioned above, is taken from authentic sources and highlights pre-issue information. The PE ratio and EPS of Elfin Agro India Limited are subject to change after the IPO. Explore the table below to get post-issue updates on these two metrics.

Indicators	Pre-IPO	Post-IPO
PE Ratio	13.05	17.20
EPS	3.60	2.73

FAQs

What is the Elfin Agro India IPO GMP?

Currently, on 5th February 2026, the Elfin Agro India IPO GMP (Grey Market Premium) stands at ₹00.00. This indicates that the estimated listing price could be ₹0.00 per share.

What is the issue Size of the Elfin Agro India IPO?

Ans. Elfin Agro India IPO is a bookbuilding IPO of ₹25.03 crores. Moreover, the IPO is set to open on 5th March 2026 and close on 9th March 2026.

Who is the registrar of the Elfin Agro India IPO?

Ans. MUFG Intime India Private Limited is the registrar for the Elfin Agro India IPO, awaiting the allotment process and initiating refunds. For any queries regarding the Elfin Agro India allotment and refund, you can contact MUFG Intime India Private Limited at sedemac.ipo@in.mpms.mufg.com or +91-22-4918 6270.

Disclaimer: The above information is compiled from authentic sources and is just for informational purposes. To have detailed information about the Elfin Agro India IPO, download the Elfin Agro India IPO RHP and Elfin Agro India IPO DRHP. Conduct your research before investing in IPOs to avoid significant losses. You can also consult your financial advisor.