Elfin Agro India IPO Update

IPO Details

• Issue Size: ₹25 crore
• Fresh Issue: Entirely a fresh share sale of 0.53 crore shares
• Issue Price: ₹47 apiece
• Issue Period: Opened on March 5 and closes on March 9

Funds Utilization

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• The company plans to utilize the funds raised for meeting working capital needs and for general corporate purposes.

Elfin Agro India IPO Subscription Status

• As of 11 am on the first day of bidding, the company received bids for 2,19,000 shares against 50,58,000 shares on offer.
• The subscription status is as follows:
  • Non-institutional portion: 7%
  • Retail quota: 2%
  • Qualified buyer segment: Not applicable

Grey Market Premium (GMP)

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• The grey market premium for Elfin Agro India IPO is ₹0, indicating that shares are trading at par with the offer prices.

Elfin Agro India Details

• Business: Manufacturing of chakki atta, R atta, tandoori atta, sooji, maida and yellow mustard oil
• Operating Units: 2 manufacturing units in Bhilwara, Rajasthan
• Trading Activities: Engaged in trading of certain agro-products based on prevailing market conditions
• Financial Performance:
  • Profit at the end of FY25: ₹5.07 crore
  • Total Income at the end of FY25: ₹146.43 crore