Elfin Agro
12 Mar '26SME
Min. Investment
₹2,82,000
Issue size
₹25.03 Cr
GMP
Locked
Overall subscription: 1.32x
Check allotment status
Expert verdict
IPO dates
05 Mar
Opening
09 Mar
Closing
10 Mar
Allotment
12 Mar
Listing
*Refunds will be initiated on 11 Mar '26
IPO quota
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 2 | 6000 | ₹2,82,000 |
Subscription (as on 20 March 2026, 06:30 PM)
Overall1.32x
Qualified institutional buyers
Non-Institutional Buyers
Retail Investors
Employee
About company
Founded: 2009|MD: Mr Deepak Pal Daga
- Elfin Agro India Limited is engaged in the manufacturing and processing of wheat-based flour products and edible mustard oil. The company operates two manufacturing units located at the RIICO Growth Centre, Bhilwara, Rajasthan. Its flour processing unit manufactures Chakki Atta (high-fibre whole wheat flour), R Atta (refined whole wheat flour), Tandoori Atta, Maida and Sooji, while its mustard oil processing unit is engaged in the extraction and filtration of edible mustard oil. The installed capacity of the flour processing unit is 47,450 MTPA, and that of the mustard oil unit is 18,250 MTPA.
- The company markets its flour and mustard oil products under the brands “Shiv Nandi” and “ELFIN’S Shri Shyam BHOG.” In addition to manufacturing, it undertakes trading in select agro-products such as chana, maize, soybean refined oil, rice bran refined oil, wheat, cattle feed and groundnut oil, depending on market conditions. By-products such as wheat bran and mustard oil cake are sold as cattle feed or to de-oiled cake plants.
- Raw materials, including wheat and mustard seeds, are procured primarily from Rajasthan and neighbouring states through farmers, traders and government auctions. The company supplies its products across multiple states through B2B clients, wholesalers, retailers, traders and direct consumers. Certain operational activities, including loading, unloading and packaging, are outsourced to contractors.
- Use of proceeds:
- This is a fresh issue of shares. Therefore, the net proceeds from the fresh issue will go to the company. They will be utilised for the following purposes:
- Working capital requirements – Rs 19.33 crore
- General corporate expenses – Rs 3.50 crore
Issue Details & Objective
Lot size
3000 Shares
Price band
₹47 to 47
Face value
₹5 per share
Financials
IPO reservation
Retail - 47.66%
Download DRHP (IPO Doc)FAQs
Should I apply for the Elfin Agro IPO?
Our SEBI-registered investment advisors give out verdicts for each IPO. You can refer to their expert verdict at the top of this page. Please note that these verdicts are for informational purposes only and should not be construed as investment advice. Markets are subject to risk, and investors should exercise their own discretion and diligence.
What is the issue size of Elfin Agro IPO?
The issue size of Elfin Agro IPO is ₹25.03 Cr
What are the open and close dates for Elfin Agro IPO?
The Elfin Agro IPO will be open for applications from 05 Mar '26 to 09 Mar '26
What is the lot size and minimum order quantity of Elfin Agro IPO?
The lot size of Elfin Agro IPO is 3000 Shares and its minimum investment amount is ₹2,82,000.
What is the GMP value of Elfin Agro IPO?
Grey market premium (GMP) is a premium amount at which grey market IPO shares are traded before they get listed in the stock exchange. The GMP for Elfin Agro IPO is 0
