Elfin Agro IPO
Market Sentiment
IPO Details
IPO Reservation
Market Lot Size
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 |
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%.
No major red flags in the available data.
Auto-generated from live GMP, subscription, valuation and financial data. 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.
| 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
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).
Current grey market activity shows a flat premium, indicating muted unofficial demand. Final subscription data records overall subscription at 1.41x, retail at 0.59x, NII at 2.22x.
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.
Our data-driven engine currently flags this issue as an Avoid view — key indicators are weak enough that the risk-reward looks unfavourable for now. Past performance does not predict future returns — review the price chart and peer comparison below before trading.
Elfin Agro IPO GMP — What It Means
The latest grey market premium for Elfin Agro IPO is ₹0 (+0.0%). GMP is an unofficial, dealer-quoted figure that hints at expected listing-day demand — it is not a guaranteed listing price. For Elfin Agro it should be read alongside the subscription numbers and the company's fundamentals, since grey-market premiums can swing sharply during the bidding window.
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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