Elfin Agro India SME IPO
Elfin Agro India IPO — date, price band, GMP & allotment 2026
Elfin Agro India SME IPO opened for subscription from 5 March 2026 to 9 March 2026 and is listed on the BSE SME platform. The company, founded in 2009, operates in the food processing and agro products sector. It manufactures wheat-based flour products such as chakki atta, maida, sooji, and also produces mustard oil. The company follows a manufacturing and distribution business model, supplying its products to wholesalers and retailers across several states in India.
Stock price
Elfin Agro India is listed — here is the live share price.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
Timetable
Key dates from opening to listing. Today is 12 September.
- Open 05 Mar 2026
- Close 09 Mar 2026
- Allotment 10 Mar 2026
- Refund/credit 11 Mar 2026
- Listing 12 Mar 2026
Issue summary
The terms of the offer, as filed.
| IPO Dates | 5 to 9 Mar, 2026 |
|---|---|
| Price Band | ₹47 |
| Face Value | ₹5 |
| Lot Size | 3000 Shares |
| Issue Size | ₹25.03 Cr |
| Sale Type | fixed price issue |
| Listing On | BSE SME |
| Registrar | Cameo Corporate Services Limited |
| Min Investment | ₹ 2,82,000 |
Share of the offer set aside for each investor category, as stated in the offer document.
What will it cost me?
Bidding is in multiples of 3000 shares at the ₹47 cut-off. The SME retail application is a fixed 2 lots; HNI starts at 3.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 2 | 6,000 | ₹2,82,000 |
| Retail (max) | 2 | 6,000 | ₹2,82,000 |
| HNI (min) | 3 | 9,000 | ₹4,23,000 |
Three years of numbers
All figures in ₹ crore, as reported in the Elfin Agro India offer document.
| Metric | 31 Dec 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Assets | 42.39 | 33.44 | 24.69 | 20.90 |
| Total Income | 117.72 | 146.44 | 124.71 | 101.45 |
| Profit After Tax | 3.98 | 5.08 | 3.68 | 1.81 |
| EBITDA | 6.68 | 7.54 | 5.82 | 3.11 |
| NET Worth | 17.76 | 13.78 | 8.70 | 5.02 |
| Reserves and Surplus | 10.71 | 6.73 | 7.29 | 3.61 |
| Total Borrowing | 12.69 | 12.19 | 7.60 | 7.23 |
See how this IPO compares — view listing performance of all SME IPOs.
Valuation & key ratios
Ratios are for the latest full financial year reported in the Elfin Agro India RHP. EPS and P/E are post-issue — the table below carries the pre-issue comparison.
Elfin Agro India IPO Valuation
How the issue prices the company before and after the fresh shares are created.
| Valuation Metric | Post-Issue |
|---|---|
| EPS (₹) | ₹2.73 |
| P/E Ratio (x) | 17.20 |
| Market Cap at Offer Price (₹ Cr) | ₹68.52 |
Pre-issue figures use the shareholding reported in the RHP; post-issue figures use the shareholding once the fresh issue has created new shares. The two differ because of that dilution and because post-issue earnings per share are often annualised, so the change can run in either direction. Market capitalisation is calculated at the ₹47 offer price. Compare the post-issue P/E against listed peers before deciding — a premium there is growth you are paying for in advance.
Where the money goes
₹22.83 Cr of the issue is earmarked to named objects.
About the company
The company is primarily engaged in offering a range of agricultural inputs such as seeds, fertilizers, and crop protection products. Its business model revolves around sourcing quality products and distributing them through a wide network to reach farmers efficiently. By maintaining a balance between product quality and affordability, the company aims to build long-term trust, while also expanding its footprint across key agricultural regions in India.
Interested in this IPO? Check the live subscription status or browse all upcoming SME IPOs.
+91 7976780728
The bankers & the filings
Who is running the book, and the documents this page is built from.
Lead Manager Track Record
How the book-running lead managers on this issue have priced their past IPOs, measured on listing day.
Finshore Management Services Limited
4 issues handledBest listing: Grover Jewells (+9.1%). Weakest: Leapfrog Engineering Services (-4.3%).
Listing gain compares the listing-day opening price with the issue price, using the IPOs on IPO Guru that this lead manager has taken to market. A strong record reflects how the banker has priced past issues — it is not a forecast for this one. See every issue they have handled on the lead managers page.
Company contact
Frequently asked
What is the GMP of Elfin Agro India?
The current Grey Market Premium is ₹0.
What is the Elfin Agro India IPO price band?
₹47, on a face value of ₹5.
When is the allotment?
The basis of allotment is 10 March 2026, with listing on 12 March 2026.
How do I check allotment status?
On the IPO Guru allotment page or on the registrar's site — Cameo Corporate Services Limited.
Every number here traces back to a filing.
IPO Guru tracks GMP, subscription and allotment for every SME and Mainboard issue. Every number on this page is sourced from the RHP, BSE & NSE.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
