31 Mar 2023
Assets20.90
Total Income101.45
EBITDA3.11
Profit After Tax1.81
NET Worth5.02
Reserves and Surplus3.61
Total Borrowing7.23
At a glance
Updated 2026-09-09The shares listed at ₹47.30, a 0.64% move from the issue price. Elfin Agro India is a SME IPO with an issue size of ₹25.03 crore, proposed for listing on BSE SME. The offer opens on 5th Mar 2026 and closes on 9th Mar 2026. The issue structure includes a fresh issue of ₹23.77 crore. The current listing schedule points to 12th Mar 2026.
Issue details
Listing atBSE SME
Issue typeFixed Price Issue
Issue size₹25.03 Cr
Fresh issue₹23.77 Cr
Face value₹5
Price band—–—
Allotment10th Mar 2026
Listing12th Mar 2026
Listing performance
Full performance ↗Issue price₹47.00
Listing price₹47.30
Current price—
Listing gain0.64%
Current return—
Price progressionIssue → Listing → Current
Grey market
GMP page ↗Latest GMP₹0.00
GMP / upper priceNO DATA
Est. listing₹47.00
GMP is unofficial sentiment data, not an exchange price.
Timeline
Opens5th Mar 2026
Closes9th Mar 2026
Allotment10th Mar 2026
Refund11th Mar 2026
Demat11th Mar 2026
Listing12th Mar 2026
Subscription demand
Full bidding ↗Retail0.59×
Total1.35×
Lot size
| Investor | Lots | Shares | Amount |
|---|---|---|---|
| Minimum Bid | 1 | 6000 | — |
Company
Use of proceeds
| Object | Amount |
|---|---|
| Working Capital Requirements | ₹19.33 Cr |
| General Corporate Expenses | ₹3.50 Cr |
| Issue Expenses | ₹2.20 Cr |
| Total | ₹25.03 Cr |
Financial performance
Year-wise operating scale, profitability and balance-sheet context.Revenue117.72₹ Cr · -19.6% vs prior year
EBITDA6.68₹ Cr · -11.4% vs prior year
PAT3.98₹ Cr · -21.7% vs prior year
Assets42.39₹ Cr · +26.8% vs prior year
Net Worth17.76₹ Cr · +28.9% vs prior year
Borrowing12.69₹ Cr · +4.1% vs prior year
3-year financial trendRevenue / EBITDA / PAT
₹ crore31 Mar 2024
Assets24.69
Total Income124.71
EBITDA5.82
Profit After Tax3.68
NET Worth8.70
Reserves and Surplus7.29
Total Borrowing7.60
31 Mar 2025
Assets33.44
Total Income146.44
EBITDA7.54
Profit After Tax5.08
NET Worth13.78
Reserves and Surplus6.73
Total Borrowing12.19
31 Dec 2025
Assets42.39
Total Income117.72
EBITDA6.68
Profit After Tax3.98
NET Worth17.76
Reserves and Surplus10.71
Total Borrowing12.69
KPIs
| KPI | Mar 31, 2025 | Dec 31, 2025 |
|---|---|---|
| ROE | 36.86% | 22.42% |
| ROCE | 47.93% | 34% |
| Debt / Equity | 0.88% | 0.71% |
| RoNW | 36.86% | 22.42% |
| PAT Margin | 3.48% | 3.39% |
| EBITDA Margin | 5.17% | 5.69% |
| Price to Book Value | 4.81 | 3.73 |
Valuation & shareholding
Pre-IPO EPS3.60
Post-IPO EPS2.73
Pre-IPO P/E13.05
Post-IPO P/E17.2
Promoter holding pre100%
Promoter holding post72.59%
Market cap₹91.30 Cr.
Peer comparison
| Company | EPS | P/E | RoNW | NAV |
|---|---|---|---|---|
| Elfin Agro India IPO | — | 17.20 x | — | — |
| Farm Peace IPO | — | 16.12 x | — | — |
| Dhanwel Hybrid IPO | — | 14.74 x | — | — |
| Adon Agro IPO | — | 6.42 x | — | — |
Issue expenses
| Expense | Amount |
|---|---|
| Working Capital Requirements | ₹19.33 Cr |
| General Corporate Expenses | ₹3.50 Cr |
| Issue Expenses | ₹2.20 Cr |
| Total | ₹25.03 Cr |
Registrar & lead managers
Registrar
Cameo Corporate Services Ltd.Lead managers
- Finshore Management Services Ltd.
Offer documents
Data is reconciled from multiple public IPO sources. Official exchange filings and offer documents remain the source of truth. Last verified 2026-09-09.
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