SME
IPO ·
BSE SME
Elfin Agro India Ltd
Listed
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 (Re
Issue details
Price band
₹47
Face value
₹5
Lot size
3,000 shares
Minimum investment
₹2,82,000
Issue size
₹25.03 Cr
Fresh issue
₹23.77 Cr
Offer for sale
—
Issue type
Fixed Price
Exchange
BSE SME
Key dates
Opens
5 Mar 2026
Closes
9 Mar 2026
UPI mandate cut-off
5:00 PM on 9 Mar 2026
Allotment
10 Mar 2026
Refunds
11 Mar 2026
Shares in demat
11 Mar 2026
Listing
12 Mar 2026
Subscription and listing
Subscription
1.35x
Listing price
₹47.30
Registrar
Cameo Corporate Services Ltd
Lead manager
Finshore Management Services
Subscription by category
Total
1.35x
Total applications
346
Listing day
Issue price
₹47
Open
₹47.30
High
₹48.05
Low
₹47.30
Day close
₹47.60
Listing gain at open
+0.64%
Issue structure
Shares reserved per category and share of the total issue
NII Shares Offered
25,20,000
47.32%
Retail Shares Offered
25,38,000
47.66%
Market Maker Shares Offered
2,67,000
5.01%
Total Shares Offered
53,25,000
100.00%
Finaccle’s quick read
Neutral
FY25 income up 17%, PAT up 38%, ROE 22.42%, D/E 0.71, post-issue P/E 17.2x.
A rules-based screen of growth, margins, debt and valuation, built from the offer document and data on Chittorgarh.com. It is for information only and is not investment advice or a recommendation to buy or sell. Read the RHP and speak to a SEBI-registered adviser before you apply.
About the company
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.
Promoters
Promoter holding
Financial performance
Period
PAT
ROE
22.42%
ROCE
34%
Debt / equity
0.71
PAT margin
3.39%
P/E post issue
17.2
Market cap
₹91.30 Cr
Use of IPO money
Working Capital Requirements
₹19.33 Cr
General Corporate Expenses
₹3.50 Cr
Issue Expenses
₹2.20 Cr
Strengths
✓
Revenue up 17% in FY25 to ₹146.44 Cr
✓
PAT up 38% in FY25 to ₹5.08 Cr
✓
ROE of 22.42% and ROCE of 34%
✓
Moderate leverage: debt to equity 0.71
Risks to watch
!
Thin PAT margin of 3.39%
!
SME platform: large lot size and thinner trading liquidity
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Last updated:
Information is compiled from exchange notices and the company’s offer document. It is for general information only and is not investment advice or a recommendation to apply. Read the prospectus before investing.