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Elfin Agro India Limited is an agro-processing company based in Bhilwara, Rajasthan, specializing in the manufacturing of various wheat-based products like Chakki Atta, Maida, Sooji, and Tandoori Atta, along with yellow mustard oil. Operating from two FSSAI and ISO 22000:2018 certified manufacturing units, the company also engages in the trading of agro-commodities such as Chana, Maize, and various edible oils. It serves a diverse customer base, including B2B clients, wholesalers, and retailers, and sells by-products like wheat bran and mustard oil cake to minimize waste.
Mar 05, 2026
Mar 09, 2026
Mar 12, 2026
SME
Open
25.03 Cr
25.03 Cr
0 Cr
₹47 - ₹47
3000
The main objectives of the issue are to utilize the net proceeds for the following purposes:
To meet the company's working capital requirements, which will help address existing constraints, enable optimal inventory levels, reduce production interruptions, and support smoother operating cycles to improve capacity utilization.
To fund general corporate purposes, including but not limited to strategic initiatives, partnerships, brand building, marketing activities, and meeting unforeseen business exigencies.
13.05
3.6
22.42%
34%
22.42%
—
3.39%
5.69%
3.73
Strategic location of processing units in Bhilwara, providing access to raw materials and cost-effective labor.
Significant installed capacity for processing wheat (47,450 MTPA) and mustard seeds (18,250 MTPA), enabling large-scale production.
Widespread and diversified distribution network catering to B2B clients, wholesalers, retailers, and direct consumers.
Extensive experience of promoters, with over 15 years in the agro-processing sector, guiding strategic direction and operations.
High dependence on the supply and price stability of key raw materials like wheat and mustard seeds.
A significant portion of revenue is derived from a limited product variety, particularly Maida.
Dependence on a few major customers, posing a risk if key clients are lost.
Geographical concentration of manufacturing operations and sales primarily in Rajasthan, increasing exposure to regional risks.
Enhancement and diversification of the existing product portfolio by adding new products like Chana Dal and Besan.
Expansion into e-commerce platforms and large retail chains to increase market presence and accessibility.
Geographical expansion into new regional markets across India to reduce concentration risk and drive revenue growth.
Increase direct B2C sales to improve customer engagement, brand visibility, and profitability by reducing intermediary dependency.
Increased competition from both organized and unorganized players in the highly competitive agro-processing industry.
Adverse changes in government policies, laws, and regulations related to agriculture and food processing.
Vulnerability to economic slowdowns, political instability, and market volatility in India and globally.
Potential disruptions from natural disasters, unfavorable weather patterns, or global events impacting raw material supply.
Elfin Agro India Limited is an agro-processing company based in Bhilwara, Rajasthan, specializing in the manufacturing of various wheat-based products like Chakki Atta, Maida, Sooji, and Tandoori Atta, along with yellow mustard oil. Operating from two FSSAI and ISO 22000:2018 certified manufacturing units, the company also engages in the trading of agro-commodities such as Chana, Maize, and various edible oils. It serves a diverse customer base, including B2B clients, wholesalers, and retailers, and sells by-products like wheat bran and mustard oil cake to minimize waste.
The Elfin Agro India Ltd IPO is scheduled to open for subscription on Mar 05, 2026 and close on Mar 09, 2026. Investors can apply for shares during this period through eligible platforms.
The price band for the Elfin Agro India Ltd IPO is ₹47 to ₹47. Investors can place bids within this range once the issue opens.
The minimum lot size for the Elfin Agro India Ltd IPO is 3000 shares. The minimum investment amount ₹1,41,000.
The total issue size of the Elfin Agro India Ltd IPO is approximately ₹25.03. Issue size represents the total value of shares offered to the public.
As per the latest available information, the Elfin Agro India Ltd IPO has been subscribed data will be available once the issue opens. Subscription levels can change significantly during the offer period.
The Grey Market Premium (GMP) for the Elfin Agro India Ltd IPO is not available as of now. GMP reflects unofficial market sentiment and should not be considered a guarantee of listing performance.
The shares of Elfin Agro India Ltd are expected to list on stock exchanges on Mar 12, 2026, subject to completion of the allotment process and regulatory approvals.
The net proceeds from the Elfin Agro India Ltd IPO are proposed to be used for The main objectives of the issue are to utilize the net proceeds for the following purposes:, To meet the company's working capital requirements, which will help address existing constraints, enable optimal inventory levels, reduce production interruptions, and support smoother operating cycles to improve capacity utilization., To fund general corporate purposes, including but not limited to strategic initiatives, partnerships, brand building, marketing activities, and meeting unforeseen business exigencies.
Before applying for the Elfin Agro India Ltd IPO, investors generally review the company’s business model, financial performance, valuation, industry outlook, and risk factors mentioned in the offer document.
