Elfin Agro India is entering the public markets through SME IPO with an issue size of ₹25.03 crore. The issue consists of a fresh issue of equity shares. The shares are proposed to be listed on BSE & SME.
The IPO subscription window opens on March 5, 2026 and will remain open until March 9, 2026. The company plans to list its shares on March 12, 2026. Being an SME IPO, the issue may appeal to investors familiar with lower liquidity listings.
Elfin Agro India Limited IPO Timeline
IPO Quick Facts
This section covers the main IPO details of Elfin Agro India that investors generally review before applying.
IPO Details at a Glance
| Company Name | Elfin Agro India |
|---|---|
| IPO Segment | SME |
| Sale Type | Fresh Issue |
| Issue Type | Fixed Price IPO |
| Price | ₹47 Per Share |
| Lot Size | 3,000 Shares |
| Face Value | ₹5 Per Share |
| Exchange | BSE & SME |
Investor Category & Share Allocation
| Investor Category | Shares Offered | % of Issue |
|---|---|---|
| Market Maker | 267,000 | 5.01% |
| NII (HNI) | 2,520,000 | 47.32% |
| Retail | 2,538,000 | 47.66% |
| Total Shares Offered | 5,325,000 | 100.00% |
Elfin Agro India IPO Important Dates
The following table highlights the key dates for the Elfin Agro India IPO, covering the subscription period and the expected listing timeline.
| IPO Opening Date | 05 Mar 2026 |
|---|---|
| IPO Closing Date | 09 Mar 2026 |
| Allotment Finalization | 10 Mar 2026 |
| Initiation of Refunds | 11 Mar 2026 |
| Credit of Shares | 11 Mar 2026 |
| IPO Listing Date | 12 Mar 2026 |
Elfin Agro India IPO Size & Structure
| Total IPO Size | ₹25.03 Crore |
|---|---|
| Fresh Issue | ₹25.03 Crore |
Elfin Agro India IPO Lot Size & Minimum Investment
The table below shows the lot size and investment amount for the Elfin Agro India IPO, which is a fixed price IPO priced at ₹47 per share.
Investors can apply for the IPO with a minimum of 3000 shares. Applications must be made in multiples of 3000 shares.
- Retail investors can apply from 2 lot to 2 lots.
This information helps investors understand the minimum investment required before applying for the IPO.
Note: Retail investors generally apply at the cut-off price, which is ₹47 per share.
| Category | Lots | Shares | Price | Amount |
|---|---|---|---|---|
| Retail (Min) | 2 | 6,000 | ₹47 | ₹282,000 |
| Retail (Max) | 2 | 6,000 | ₹47 | ₹282,000 |
| HNI (Min) | 3 | 9,000 | ₹47 | ₹423,000 |
Elfin Agro India IPO GMP (Grey Market Premium)
The latest Elfin Agro India IPO GMP (Grey Market Premium), along with Kostak rates and Subject to Sauda rates, helps in understanding market sentiment. The current Elfin Agro India IPO GMP is ₹0 (0.00%), compared to the IPO issue price of ₹47. Based on the current GMP, the expected listing price is around ₹47. The Lowest GMP was ₹0 on 28 Feb 2026, while the highest GMP reached ₹0 on 28 Feb 2026.
Elfin Agro India IPO is expected to be listed on the stock exchange on 12 Mar 2026. The first reported GMP was ₹0 (0%), while the latest available GMP stands at ₹0 (0%).Elfin Agro India IPO GMP Today - Trend Analysis
| Date | Issue Price (₹) | GMP Price (₹) | Estimated Gain (%) | Estimated Price (₹) | Estimated Profit (₹) |
|---|---|---|---|---|---|
| 28 Feb 2026 | ₹47 | ₹0 | 0% | ₹47 | ₹0 |
Elfin Agro India IPO GMP gives retail and institutional investors an idea about short-term market expectations. Although grey market premium does not guarantee listing performance, it is still commonly referred to while analysing IPOs. Investors are advised to look at Elfin Agro India fundamentals along with IPO GMP data before making any investment decision.
GMP Disclaimer: GMP (Grey Market Premium) prices are unofficial and only reflect market sentiment. We neither participate in grey-market trading nor encourage it. Investors are strongly advised to review the company’s fundamentals, risks, and official documents before considering an investment in the Elfin Agro India IPO.
Elfin Agro India IPO Subscription Status
Elfin Agro India IPO subscription will open on 05 Mar 2026 and close on 09 Mar 2026. Investors can place bids from 10:00 AM to 5:00 PM on each subscription day.
Elfin Agro India IPO Allotment Status
The Elfin Agro India IPO allotment status has not been announced yet. It will be declared on 10 Mar 2026. Please check back in 7 days for the allotment results.
- 🗓 Allotment Date: 10 Mar 2026
- 📈 Listing Date: 12 Mar 2026
How to Check Elfin Agro India IPO Allotment Status Online?
Investors can check the Elfin Agro India IPO allotment status online through Cameo Corporate Services Limited and BSE websites. All platforms provide easy access to the IPO allotment details.
Just follow the below mentioned steps to check your allotment status.You can also visit
Cameo Corporate Services
to know more about the IPO registrar.
Check on Cameo Corporate Services Limited (IPO Registrar)
- Visit → Cameo Corporate Services Limited
- Click on any of the links Link 1 or Link 2 or Link 3
- Select Elfin Agro India
- Select PAN No / Application No / DP ID-CLIENT ID
- Enter the relevant value and CAPTCHA to proceed further
- Click Submit to view allotment status
Check on BSE (Bombay Stock Exchange) Website
- Visit → BSE Website.
- Select Issue Type: Equity.
- Choose Elfin Agro India IPO.
- Enter your PAN or Application Number.
- Click on Search button.
The Bombay Stock Exchange (BSE) also allows investors to check the Elfin Agro India IPO allotment status online.
Note: Allotment status is published only on the official registrar websites. We do not collect investor data or provide allotment verification directly.
How to Apply for Elfin Agro India IPO?
Login to Your Trading App
Open your trading app such as Angel One, Zerodha, Upstox, Groww or any brokerage app.
Go to the IPO Section
Navigate to the IPO section in the app, search for the IPO, and enter your bid details.
Enter Your UPI ID
Provide your UPI ID that is linked to your bank account for payment authentication.
Approve the Mandate
Open your UPI app and approve the payment mandate to block the required amount.
Application Confirmation
Application submitted successfully, the funds will remain blocked until allotment is finalized.
About Elfin Agro India Limited
Elfin Agro India Limited was originally incorporated on July 28, 2009, as Ravija Sulz Private Limited. It was later renamed Elfin Agro India Private Limited in 2012 and converted into a public limited company in November 2024.
The Company operates two manufacturing units in Bhilwara, Rajasthan— a Flour Processing Unit and a Mustard Oil Processing Unit. Its key products include Chakki Atta, R Atta, Tandoori Atta, Maida, Sooji, Bran, Mustard Oil and Mustard Oil Cake.
It also engages in trading of agro commodities such as wheat, chana, maize and edible oils. The business model combines in-house processing and commodity trading, catering to B2B clients, wholesalers, retailers and individual consumers.
IPO Financial Summary
- Total Assets changed by 35.44% in FY 2024-2025.
- Total Revenue changed by 17.42% in FY 2024-2025.
- Profit After Tax changed by 38.04% in FY 2024-2025.
- Reserves & Surplus changed by -7.68% in FY 2024-2025.
- Total Borrowings changed by 60.39% in FY 2024-2025.
| Metric | 2025-12-31 | 2025-03-31 | 2024-03-31 | 2023-03-31 |
|---|---|---|---|---|
| Total Assets (₹ Cr) | 42.39 | 33.44 | 24.69 | 20.90 |
| Total Revenue (₹ Cr) | 117.72 | 146.44 | 124.71 | 101.45 |
| Profit After Tax (₹ Cr) | 3.98 | 5.08 | 3.68 | 1.81 |
| Reserves & Surplus (₹ Cr) | 10.71 | 6.73 | 7.29 | 3.61 |
| Total Borrowings (₹ Cr) | 12.69 | 12.19 | 7.60 | 7.23 |
Utilisation of Proceeds
The Company proposes to utilise the net IPO proceeds of approximately ₹22.83 crore towards the following objectives:
| # | Purpose | Amount (₹ Cr) | % of Total |
|---|---|---|---|
| 1 | Working Capital Requirements | 19.33 | 84.67% |
| 2 | General Corporate Expenses | 3.50 | 15.33% |
| Total | 22.83 | 100% | |
Elfin Agro India IPO Promoter Holding
| 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 and M/s. Deepak Pal Harsh Kumar Daga HUF |
|---|---|
| Pre-Issue Holding | 100% |
| Post-Issue Holding | 72.59% |
Elfin Agro India IPO FAQs
The Elfin Agro India IPO is a SME Fixed Price IPO with a total issue size of ₹25.03 crore. The issue consists of a fresh issue of ₹25.03 crore.
The IPO will open for subscription on Thu, 05 Mar 2026 and will close on Mon, 09 Mar 2026.
The shares are being offered at a fixed issue price of ₹47 per equity share.
Investors can apply for the IPO with a minimum lot size of 3,000 shares.
At the upper price band, the minimum investment required for one lot is approximately ₹282,000.
The shares of Elfin Agro India are expected to be listed on BSE & SME on Thu, 12 Mar 2026.
The Grey Market Premium (GMP) of Elfin Agro India IPO is ₹0.
The IPO registrar of Elfin Agro India is Cameo Corporate Services Limited. Cameo is responsible for processing IPO applications, finalizing allotment, crediting shares, and initiating refunds.
The allotment date is expected on Tue, 10 Mar 2026.
Allotment status is generally updated in the evening (6 PM – 10 PM) on Tue, 10 Mar 2026 on the registrar or exchange website.
Shares are expected to be credited by Wed, 11 Mar 2026.
Refunds for unsuccessful applicants will be initiated on Wed, 11 Mar 2026.
Investors can check refund status via:
- UPI mandate / bank account (NACH, NEFT, RTGS)
- ASBA bank portal
Listing details for Elfin Agro India Limited are not available.
The latest share price of Elfin Agro India Limited is currently not available.
Recent price movement data for Elfin Agro India Limited is currently not available.
Disclaimer: The content published on this website is for informational and educational purposes only and must not be treated as financial, trading or investment advice. Share Market related articles, IPO details, GMP values, subscription data, listing estimates, allotment status and related information reflect market sentiment and public data and may be inaccurate or outdated. Nothing on this website constitutes an offer or recommendation to buy or sell any securities. We are not SEBI registered financial advisors. Investors must consult a qualified SEBI registered financial advisor before making any investment decisions. Any investment made based on the information provided here is entirely at the reader’s own risk. The author and the team at TheFinancialTalks.com shall not be responsible or liable for any financial loss. Investors must conduct thorough due diligence and seek professional financial advice before making any investment decisions.