Elfin Agro IPO
Market Sentiment
Market Lot Size
IPO Details
IPO Reservation
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 | P/E | EPS | Market Cap (Cr) |
|---|---|---|---|
| Abram Food | 11.05 | 9.05 | 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% |
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.
| Purpose | Amount (Cr) |
|---|---|
| Working Capital Requirements | 19.33 |
| General Corporate Purpose | 3.50 |
Resources & Documents
Elfin Agro India Ltd, F – 250-251-252-253,, RIICO, Growth Centre, Swaroopganj,, Hamirgarh,, Bhilwara, Rajasthan, 311025
Understanding Grey Market Premium (GMP)
The Grey Market Premium (GMP) is an unofficial indicator of how an IPO's shares are trading in the grey market before they are officially listed on a stock exchange. It reflects investor sentiment and demand for the IPO shares ahead of listing day.
How does it work? The grey market is an informal, over-the-counter market where investors buy and sell IPO shares before the official listing date. If an IPO has a positive GMP, it suggests that investors expect the stock to list above its issue price. A negative GMP indicates expectations of a listing below the issue price.
Example: If an IPO has an issue price of ₹100 and the GMP is ₹50, the expected listing price would be approximately ₹150 (issue price + GMP). This translates to an estimated listing gain of 50%.
Factors that influence GMP:
- Subscription levels — Higher subscription typically drives GMP up
- Market conditions — Bullish markets tend to boost GMP across all IPOs
- Company fundamentals — Strong financials and growth potential attract premium
- Industry sentiment — Positive outlook for the sector can increase demand
- IPO pricing — Reasonably priced IPOs relative to peers tend to command higher GMP
Disclaimer: GMP is an unofficial metric from the grey market and is not regulated by SEBI or any stock exchange. GMP values fluctuate frequently and should not be the sole basis for investment decisions. Always consider company fundamentals, financial health, and your own risk appetite before investing in any IPO.
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