Elfin Agro India Limited is primarily engaged in the business of 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 company sells processed wheat flour under our brand “Shiv Nandi” and “ELFIN’S Shri Shyam BHOG” to wholesalers and retailers across Rajasthan, Uttar Pradesh, Gujarat, etc.The company is also engaged in the extraction, filtering and manufacturing of Edible mustard oil from raw mustard seeds, being the raw material used for its production. Edible mustard oil is sold under our brand “Shiv Nandi”.They also engage in the trading of certain agro-products, including Chana, Maize, Soyabean Refined Oil, Rice Bran Refined Oil, Wheat, cattle feed, groundnut oil etc based on the prevailing market conditions.It has two manufacturing units in Bhilwara, Rajasthan.The company clientele is spread across 8 states which include Gujarat, Haryana, Madhya Pradesh, Maharashtra, Punjab, Rajasthan, Uttar Pradesh and Uttarakhand and 2 Union Territories which include Chandigarh and Delhi.Competitive Strengths:Strategically located Processing Units with robust infrastructureInstalled Capacity, Cost effective production and timely fulfilment of ordersWidespread distribution network and presence across various retail channelsExisting client relationshipsCustomization and Flexibility
| Category | Shares Offered* | Total Amt* (₹ Cr.) |
|---|---|---|
|
Anchor
|
267,000 | ₹1.250 |
|
NII
|
2,520,000 | ₹11.840 |
|
Retail
|
2,538,000 | ₹11.930 |
| Total ** | 5,325,000 | ₹25.030 |
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min — 2 Lots) | 2 | 6,000 | ₹282,000 |
| Retail (Max — 13 Lots) | 13 | 39,000 | ₹1,833,000 |
| S-HNI (Min — 14 Lots) | 14 | 42,000 | ₹1,974,000 |
| S-HNI (Max — 66 Lots) | 66 | 198,000 | ₹9,306,000 |
| B-HNI (Min — 67 Lots) | 67 | 201,000 | ₹9,447,000 |
| Category | QIB | NII | Retail | Total | ||||
|---|---|---|---|---|---|---|---|---|
| Ex. Anchor | Anchor Investor | Total QIB | Below ₹10L | Above ₹10L | Total NII | |||
| Allocation (No. of shares) | — | — | — | — | — | 2,520,000 | 2,538,000 | 5,058,000 |
| Allotment price (Rs.) | 47 | 47 | 47 | 47 | 47 | 47 | 47 | 47 |
| No. of applications | — | — | — | — | — | — | — | — |
| No. of shares applied | — | — | — | — | — | — | — | — |
| Amount collected (Rs.cr.) | — | 1.25 | — | — | — | 11.84 | 11.93 | 23.77 |
| No. of times subscribed | — | — | — | — | — | — | — | — |
| No. of shares allotted | — | — | — | — | — | 2,520,000 | 2,538,000 | 5,058,000 |
| Amount (Rs.cr.) | — | 1.25 | — | — | — | 11.84 | 11.93 | 23.77 |
| No. of allottees | — | — | — | — | — | — | — | — |
| Category | Shares Offered | Amt (₹ Cr) | Size (%) |
|---|---|---|---|
| Anchor / Market Maker | 267,000 | ₹1.25 |
5.01%
|
| NII / HNI | 2,520,000 | ₹11.84 |
47.32%
|
| Retail (RII) | 2,538,000 | ₹11.93 |
47.66%
|
| Total | 5,325,000 | ₹25.03 |
100.00%
|
| Particulars | 31 Dec 2025 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Revenue from Operations | 117.72 | 146.44 | 124.71 |
| EBITDA | 6.68 | 7.54 | 5.82 |
| Profit After Tax (PAT) | 3.98 | 5.08 | 3.68 |
| Net Worth | 17.76 | 13.78 | 8.70 |
| Total Assets | 42.39 | 33.44 | 24.69 |
| Reserves & Surplus | 10.71 | 6.73 | 7.29 |
| Total Borrowings | 12.69 | 12.19 | 7.60 |
| EBITDA Margin (%) | 5.69% | — | — |
| PAT Margin (%) | 3.39% | — | — |
Elfin Agro India Ltd proposes to utilize the net proceeds raised through this IPO for the following objects as stated in the Draft Red Herring Prospectus (DRHP) filed with SEBI: