Elfin Agro IPO
Market Sentiment
IPO Details
Market Lot Size
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Day-wise Subscription (times subscribed)
Financial Analysis
| Metric | 2023 | 2024 | 2025 | Dec 2025 |
|---|---|---|---|---|
| Revenue | 101.45 | 124.71 | 146.44 | 117.72 |
| Expense | 98.26 | 118.63 | 138.31 | 110.77 |
| Profit (PAT) | 1.81 | 3.68 | 5.08 | 3.98 |
| Total Assets | 20.90 | 24.69 | 33.44 | 42.39 |
| Company | EPS | P/E | Market Cap (Cr) |
|---|---|---|---|
| Abram Food | 9.05 | 11.05 | 39 |
Promoters: 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
| Shareholding | No. of Shares | Holding % |
|---|---|---|
| Promoter Holding Pre Issue | 1,41,00,000 | 100.00% |
| Promoter Holding Post Issue | 1,94,25,000 | 72.59% |
Strengths & Risks
- Revenue grew 17% in the latest reported year.
- Strong return on equity — 37%.
- Lists on the exchange's SME platform, where trading is usually thinner than on the main board — selling at your price can be harder.
Compiled from this issue's live GMP, subscription, valuation and financial data, and updated as those figures change. Informational only — not investment advice. Always read the RHP before applying.
Company Information
Set up in 2009, Elfin Agro India is one of the growing companies involved in the 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 firm sells its products under the brand “Shiv Nandi” and “ELFIN’S Shri Shyam BHOG” to various wholesalers and retailers in Rajasthan, Uttar Pradesh, Gujarat, etc. Elfin Agro has a flour manufacturing unit in Bhilwara, which handles grading, sorting, and packaging of raw wheat. Moreover, the firm is also involved in the extraction, refining, and manufacturing of mustard oil seeds. Along with wheat flour, the firm also trades Chana, Maize, Soyabean Refined Oil, Rice Bran Refined Oil, Wheat, cattle feed, groundnut oil, and other various agro-products.
Elfin Agro India Ltd, F – 250-251-252-253,, RIICO, Growth Centre, Swaroopganj,, Hamirgarh,, Bhilwara, Rajasthan, 311025
| Purpose | Amount (Cr) |
|---|---|
| Working Capital Requirements | 19.33 |
| General Corporate Purpose | 3.50 |
Resources & Documents
Elfin Agro has fixed the issue price at Rs 47 per share for an issue size of Rs 25 crore. The stock listed with a 0.64% gain versus its issue price on March 12, 2026.
Set up in 2009, Elfin Agro India is one of the growing companies involved in the 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 firm sells its products under the brand “Shiv Nandi” and “ELFIN’S Shri Shyam BHOG” to various wholesalers and retailers in Rajasthan, Uttar Pradesh, Gujarat, etc.
The issue is promoted by 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 with Finshore Management Services Ltd. acting as lead manager. Net proceeds will primarily be used towards Working Capital Requirements (Rs 19 crore) and General Corporate Purpose (Rs 4 crore).
At the upper end of the price band, the issue is priced at a post-issue P/E of 13.05x. On fundamentals, the company is posting revenue growth of 17.4%, a profit margin of 3.5%, return on equity of 36.9% in its most recent reported period. Listed peers in this segment include Abram Food (P/E 11.05x, market cap Rs 39 crore) — useful reference points when evaluating the issue's pricing relative to where the broader sector is trading.
On our data-signal score, the combined signals for this issue currently read weak — several key indicators are reading below average. This is a summary of public data, not a recommendation to apply or skip. Past performance does not predict future returns — review the price chart and peer comparison below before trading.
Elfin Agro IPO GMP — What It Means
GMP stops mattering once the shares trade — it only ever estimated the listing price. The summary at the top of this page compares the last pre-listing GMP with how the shares actually listed.
See the full Elfin Agro GMP history and trend, or learn how grey market premium works and how reliable it is.
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