ELFIN
Elfin Agro India IPO, a SME IPO opens for subscription soon. The price band is set between ₹47 –47 , with a face value of ₹5 . Retail investors can apply with a minimum of 2 lots, each comprising 3,000 shares — amounting to ₹282,000 at the upper price. The tentative listing date on the exchange (BSE) is March 12, 2026.
Stay tuned for more on Elfin Agro India IPO including business overview, financial performance, live subscription by category, allotment links, daily grey market premium (GMP), and listing performance. This information is for education only—GMP is indicative, not advice.
Elfin Agro India IPO SME Important Dates
Get important updates regarding Elfin Agro India IPO SME tentative timeline covering IPO opening, closing, basis of allotment, refunds, demat credit, and listing dates. Dates are updated as soon as they are announced.
Open Date
Mar 05
Close Date
Mar 09
Allotment
Mar 10
Listing
Mar 12
Issue Size
5,325,000 shares
(aggregating up to ₹25.00 Cr)
Issue Price
₹47 – ₹47
Face Value
₹5/share
Market Lot
3,000 shares
Retail Min Investment
₹282,000
Listing At
BSE
Sale Type
fresh issue
Fresh Issue
5,058,000 shares
(aggregating up to ₹24 Cr)
Reserved for Market Maker
267,000 shares
(aggregating up to ₹1.00 Cr)
Issue Type
fixed price
Last updated: 16 hours ago
| Date | IPO Issue Price (₹) | GMP (₹) | Est. Listing Price (₹) | Est. Profit Amount (₹) | Est. Profit % | Last Updated |
|---|---|---|---|---|---|---|
| 01 Mar 2026 Latest | ₹47 | ₹0 | ₹47 | ₹0 |
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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 are the promoters of the company.
IPO investment limits, also referred to as application limits or bidding limits, define the minimum and maximum number of shares, lots, and investment amount that investors can apply for in an IPO based on their category (Retail, HNI, or Institutional). These limits are calculated as per SEBI guidelines and help ensure fair distribution of shares. Retail investors typically have lower minimum and maximum limits compared to High Net Worth Individuals (HNI) and Non-Institutional Investors (NII). Understanding IPO application limits is essential for investors to determine how much they can invest, calculate the number of lots they can apply for, and plan their investment strategy accordingly. The investment limits table shows the lot size, number of shares, and total amount in rupees for each investor category.
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 2 | 6,000 | ₹282,000 |
| Retail (Max) | 1 | 3,000 | ₹141,000 |
| S-HNI (Min) | 3 | 9,000 | ₹423,000 |
| S-HNI (Max) | 7 | 21,000 | ₹987,000 |
| B-HNI (Min) | 8 | 24,000 | ₹1,128,000 |
The IPO reservation structure, also known as share allocation breakdown, details how the total issue size is distributed among different investor categories as mandated by SEBI (Securities and Exchange Board of India) regulations. This reservation table shows the exact percentage and number of shares allocated to Qualified Institutional Buyers (QIB), Retail Individual Investors (RII), High Net Worth Individuals (HNI), Non-Institutional Investors (NII), and other reserved categories like employees and shareholders. Understanding IPO reservation percentages is crucial for investors to evaluate their probability of share allotment, as each category has different subscription levels and competition. The maximum allottees column indicates the cap on the number of investors who can receive shares in each category, helping you assess the likelihood of getting an allotment based on your investor category.
| Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 267,000 (5.01%) |
| NII (HNI) Shares Offered | 2,520,000 (47.32%) |
| Retail Shares Offered | 2,538,000 (47.66%) |
| Total Shares Offered | 5,325,000 (99.99%) |
Elfin Agro India Limited is a Rajasthan-based company that makes daily kitchen essentials like Chakki Atta, Maida, Sooji, and Mustard Oil. They have two big factories in Bhilwara where they process high-quality wheat and mustard seeds to provide fresh food products to Indian households.
Strength:
Growth:
The company has shown consistent financial growth, with its revenue increasing from ₹101 Cr in 2023 to over ₹146 Cr in 2025. This growth is driven by the rising demand for packaged and processed food in India. With increasing urbanization and people preferring branded, hygienic flour and oil, Elfin Agro is expanding its capacity. The IPO funds will be used for working capital, which will help them buy more raw materials and increase sales further.
| Particulars | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|
| Total Revenue | 101.45 | 124.71 | 146.44 |
| Profit After Tax (PAT) | 1.81 | 3.68 | 5.08 |
| EBITDA | 3.11 | 5.82 | 7.54 |
| Assets | 20.9 | 24.69 | 33.44 |
| Net Worth | 5.02 | 8.7 | 13.78 |
| Reserves & Surplus | 3.61 | 7.29 | 6.73 |
| Total Borrowing | 7.23 | 7.6 | 12.19 |
The Elfin Agro India IPO is expected to open in March, 2026, subject to SEBI approval. Final dates will be updated once announced officially.
The price band for Elfin Agro India IPO is ₹47.00 - ₹47.00 per share.
As per market sources, Elfin Agro India IPO GMP is tracked daily in the grey market. GMP indicates unofficial demand but does not guarantee listing gains.
The subscription status for Elfin Agro India IPO is being updated. Check the latest subscription figures by category (Retail, QIB, NII) for real-time updates.
The listing date for Elfin Agro India IPO is March 12, 2026.
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