Elfin Agro India Limited IPO
Elfin Agro India Limited IPO
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The capital markets are poised for the arrival of Elfin Agro India Limited's's Initial Public Offering, targeting a total fundraise of 53,25,000 Shares. This comprises 53,25,000 Shares in new capital generation.
Investors can consider participating in this offering within the stipulated price range of ₹47 to ₹47, with each application lot consisting of 3000 shares. The IPO represents a milestone event in the company's corporate journey.
The subscription period commences on 05-03-2026 and will remain open until 09-03-2026. The basis of allotment will be announced on 10-03-2026, with trading expected to initiate on 12-03-2026 across the BSE platform.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
Elfin Agro IPO About Company
Founded as an agro-processing company, Elfin Agro India Limited is engaged in the manufacturing and sale of wheat-based flour products and edible mustard oil, along with selective trading of agro commodities based on market conditions. Its product portfolio includes Chakki Atta, R Atta, Tandoori Atta, Sooji, Maida, and Yellow Mustard Oil, with wheat flour products marketed under the brands “Shiv Nandi” and “ELFIN’S Shri Shyam BHOG,” and mustard oil sold under the “Shiv Nandi” brand. In addition to manufacturing, the company trades products such as chana, maize, soybean refined oil, rice bran refined oil, wheat, cattle feed, and groundnut oil. Elfin Agro operates two manufacturing units in Bhilwara, Rajasthan, and has built a distribution network across eight states—Gujarat, Haryana, Madhya Pradesh, Maharashtra, Punjab, Rajasthan, Uttar Pradesh, and Uttarakhand—along with two Union Territories, Chandigarh and Delhi.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
The expected premium is based on market buzz and online information. It should not be considered as the actual listing price or valuation. Always refer to the RHP and seek advice from a financial expert before making any investment decisions.
Elfin Agro IPO Strength Factors
- Strategic Location Advantage: Processing units in Bhilwara provide access to developed infrastructure, cost-effective skilled and unskilled labour, and proximity to key wheat- and mustard-growing regions, ensuring steady raw material availability and logistical efficiency.
- High Installed Capacity & Operational Efficiency: With an installed capacity of 47,450 MTPA for wheat and 18,250 MTPA for mustard seeds, the Company is well-positioned to cater to large-scale demand. A strong focus on cost optimization and timely order execution enhances overall efficiency.
- Strong Customer Relationships: Long-standing associations with customers drive repeat business, strengthen retention, and support sustainable growth through an expanding client base.
Elfin Agro IPO Risk Factors
- Raw Material Supply & Price Risk: The Company’s operations rely on consistent availability and stable pricing of wheat, mustard seeds, and packaging materials. Supply disruptions, seasonal volatility, price fluctuations, or changes in government procurement and stocking policies could increase input costs and adversely impact margins and profitability.
- Product Concentration Risk: A substantial portion of revenue is generated from a limited product portfolio. Failure to respond to evolving consumer preferences, regulatory changes, or shifting industry trends may lead to reduced demand and affect overall financial performance.
- Geographical Concentration Risk: With manufacturing operations primarily concentrated in Rajasthan, the Company is exposed to region-specific risks such as economic slowdowns, social or political disturbances, natural calamities, and adverse climatic conditions that may disrupt operations and revenue stability.
Elfin Agro IPO Lead Manager(s)
- Finshore Managment Services Limited
Elfin Agro IPO Promoter(s)
- 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
- M/s. Deepak Pal Harsh Kumar Daga HUF
Elfin Agro IPO FAQs
Elfin Agro India Limited IPO subscribed 0 times. The public issue subscribed -- times in the retail category,-- times in QIB, and -- times in the HNI (10+) category byMarch 3, 2026 2:40:00 AM (Day 3).
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
Elfin Agro IPO IPO Investor Categories
The offer proceeds will be utilised towards the following investor categories in compliance with SEBI regulations:
Qualified Institutional Buyers (QIB)
Financial Institutions, Banks, FIIs, and Mutual Funds registered with SEBI are called QIBs. In most cases, QIBs represent small investors who invest through mutual funds, ULIP schemes, and pension schemes.
Non-Institutional Investors (NII / HNI)
Retail Individual Investors (HNI), NRIs, Companies, Trusts, etc. who bid for shares worth more than ₹2 lakhs are known as Non-Institutional Bidders. Unlike QIBs, they do not need SEBI registration.
Subcategories of NII:
- sNII (Small NII – bids below ₹10 Lakhs)
For bids between ₹2–10 lakhs. One-third of NII shares are reserved for this category, also known as Small HNI (sHNI).
- bNII (Big NII – bids above ₹10 Lakhs)
For bids above ₹10 lakhs. Two-thirds of NII shares are reserved for this category, also called Big HNI (bHNI).
- sNII (Small NII – bids below ₹10 Lakhs)
Retail Individual Investors (RII)
Individual investors or NRIs who apply up to ₹2 lakhs in an IPO are considered under the RII reserved category.
Employee (EMP)
A category of eligible employees who have a reserved quota in the IPO.
Others
This includes eligible shareholders or other investors with reserved quotas in the IPO.
Elfin Agro IPO FAQs
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Elfin Agro India Limited was listed on the stock exchange on 2026-03-12. The IPO was subscribed 0x. The last GMP for Elfin Agro India Limited IPO was ₹0, updated on March 3, 2026 2:40:00 AM (Day 3). As per the last GMP, the expected profit/loss for the IPO was ₹0.
The IPO allotment has not been confirmed yet. To check your status , Elfin Agro IPO Allotment Status Please Click Here.
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