BSE List Price : ₹47.30

subscription

Category	Times
QIBs	0.00x
HNIs	2.22x
Retail	0.59x
Total : 1.41x

IPO Market Lot(s) Distribution

Application	Lot Size	Shares	Amount
Retail Minimum	2	6,000	₹282,000
Retail Maximum	2	6,000	₹282,000
S-HNI Minimum	3	9,000	₹423,000

About the Company

Founded in 2009, Elfin Agro India is an emerging company engaged in the production of Chakki Atta (high-fibre whole wheat flour), R Atta (refined whole wheat flour), Tandoori Atta (specialty flour), Sooji (semolina), Maida (refined flour), and yellow mustard oil. The company markets its products under the brands “Shiv Nandi” and “ELFIN’S Shri Shyam BHOG”, supplying them to wholesalers and retailers across states such as Rajasthan, Uttar Pradesh, Gujarat, and others.

Elfin Agro operates a flour processing facility in Bhilwara where raw wheat is graded, sorted, and packaged. In addition, the company is engaged in the processing, refining, and production of mustard oil from mustard seeds. Apart from wheat flour, the firm also deals in the trading of Chana, maize, soybean refined oil, rice bran refined oil, wheat, cattle feed, groundnut oil, and several other agricultural products.

Company Financial Report

_{Amount ₹ in Crores}

Period Ended	Revenue	Expense	PAT	Assets
2023	₹101.45	₹98.26	₹1.81	₹20.90
2024	₹124.71	₹118.63	₹3.68	₹24.69
2025	₹146.44	₹138.31	₹5.08	₹33.44
Dec 2025	₹117.72	₹110.77	₹3.98	₹42.39

Company Promoter

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

M/s. Deepak Pal Harsh Kumar Daga HUF

Know before investing

• • Strengths

  Strategic Location Benefit: The processing facilities in Bhilwara offer access to well-developed infrastructure, affordable skilled and unskilled workforce, and close proximity to major wheat and mustard cultivation areas, ensuring consistent raw material supply and operational cost efficiency.

  Large Production Capacity & Operational Efficiency: With an installed capacity of 47,450 MTPA for wheat and 18,250 MTPA for mustard seeds, the company is well-equipped to cater to high-volume demand. Strong emphasis on cost management and timely delivery of orders helps maintain efficient operations.

• • Risks

  Raw Material Availability & Price Fluctuation Risk: The company’s operations rely on a steady supply and stable prices of wheat, mustard seeds, and packaging materials. Any disruption in supply, seasonal changes, price volatility, or modifications in government procurement and storage policies could negatively impact costs and profitability.

  Regional Concentration Risk: Since the company’s manufacturing activities are mainly based in Rajasthan, it is exposed to location-specific risks such as economic instability, social disturbances, natural calamities, and unfavorable weather conditions, which may affect business operations and revenue.

Objects of the Issue & Utilisation of proceeds

Working Capital Requirements.
General Corporate Purpose.

Company  Address

Elfin Agro India Ltd
F – 250-251-252-253,
RIICO, Growth Centre, Swaroopganj,
Hamirgarh,
Bhilwara, Rajasthan, 311025
Phone: +91 7976780728
Email: cs@elfinagroindia.com
Website: https://www.elfinagroindia.com/

IPO Registrar

Cameo Corporate Services Ltd.
Phone: +91-44-28460390
Email: ipo@cameoindia.com
Website: https://ipo.cameoindia.com/

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