Elfin Agro India Lists on BSE SME at ₹47.30, Trades at 0.63% Premium to Issue Price

Elfin Agro India IPO Listing Report

Key Highlights

• ₹47.30 - listing price of Elfin Agro India on BSE SME, 0.63% premium over IPO price
• 1.35 times - IPO subscription, with retail portion subscribed 0.59 times and NII portion booked 2.12 times
• ₹25.03 crore - fixed issue price of the IPO
• ₹19.33 crore - allocated toward working capital requirements
• ₹3.50 crore - used for general corporate expenses

IPO Details

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• The SME IPO opened on March 5 and closed on March 9, with allotment finalised on March 10
• The company launched a fixed issue price of ₹25.03 crore, entirely a fresh sale of 53 lakh shares with no offer-for-sale (OFS) component
• ₹22.81 crore secured from anchor investors on February 24

Company Profile

• Elfin Agro India Limited operates in the manufacturing and processing of wheat-based food products and edible oils
• Product portfolio includes Chakki Atta, R Atta, Tandoori Atta, Sooji, Maida, and yellow mustard oil
• The company markets its wheat flour products under the brands "Shiv Nandi" and "ELFIN'S Shri Shyam BHOG"
• Elfin Agro is involved in the extraction, filtration and processing of edible mustard oil using raw mustard seeds as the primary input

Financial Performance

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• Profit at the end of FY25 stood at ₹5.07 crore as against ₹3.67 crore a year ago
• Total income came in at ₹146.43 crore compared with ₹124.71 crore