Elfin Agro India IPO GMP Today, Price & Details
Elfin Agro India IPO GMP Today, Price Band, Subscription Status, Allotment & Listing Details
About Elfin Agro India
Elfin Agro India Limited operates within the agricultural inputs sector, focusing on the manufacturing and distribution of a range of agrochemical products. The company's recent financial disclosures indicate a revenue of ₹117.48 Cr, suggesting a moderately scaled operation within its industry. Profitability, as evidenced by a Profit After Tax (PAT) of ₹3.98 Cr, points towards a business that is generating earnings.
The company's Earnings Per Share (EPS) stands at ₹3.6. This Initial Public Offering (IPO) is structured as a pure fresh issue, with the entire ₹25.03 Cr being raised through the issuance of new shares. These proceeds are earmarked for funding the company's growth initiatives, which could include expanding manufacturing capacities, enhancing research and development, or strengthening its distribution network.
Elfin Agro India aims to solidify its position in the competitive agrochemical market by offering quality products and leveraging its fresh capital for expansion. The company's reported Return on Net Worth (RONW) of 36.86% and Return on Capital Employed (ROCE) of 47.93% suggest strong performance in utilizing shareholder funds and overall capital effectively. The IPO is listed on the BSE SME platform, catering to smaller enterprises looking to access public markets.
Elfin Agro India IPO — Investment Analysis
Elfin Agro India's IPO presents a valuation metric of 13.06 times its Earnings Per Share (EPS) of ₹3.6. This P/E ratio of 13.06x needs to be assessed in the context of the broader agrochemical industry in India, where valuations can vary significantly based on growth prospects and market position. A P/E of 13.06x might be considered reasonable if the company demonstrates consistent growth and strong future potential.
The company's financial health appears robust, with a significant revenue figure of ₹117.48 Cr and a PAT of ₹3.98 Cr. The resulting PAT margin is approximately 3.4%, which is a key indicator of profitability. Furthermore, the EBITDA margin stands at 5.17%, indicating operational efficiency before accounting for interest, taxes, depreciation, and amortization.
The company boasts impressive return ratios, with a RONW of 36.86% and a ROCE of 47.93%. These high figures suggest that Elfin Agro India is highly effective at generating profits from its net worth and the capital it employs, pointing to a quality business model. Based on these financials, the company exhibits a positive growth trajectory, supported by strong profitability and efficient capital utilization.
The IPO is a fresh issue of ₹25.03 Cr, which will be utilized for growth capital, a positive sign for future expansion. However, key risks include the inherent volatility of the agrochemical sector, which is subject to weather patterns, government policies, and pestilence. SME IPOs, in general, carry higher risks due to smaller scale and potentially limited track records compared to Main Board listings.
The valuation, while seemingly reasonable, requires careful consideration against industry peers and future earnings potential. The subscription data for this IPO shows a complete absence of interest from Retail, NII, and QIB segments at 0x, with a total subscription of 50x. This extremely low initial subscription sentiment, particularly the 0x across all categories before the total figure, is a significant concern and suggests a lack of investor interest at the current offering.
Investors should consult a SEBI-registered financial advisor before making investment decisions.
Disclaimer: This analysis is auto-generated from publicly available financial data and should not be considered investment advice. Always consult a SEBI-registered financial advisor before making investment decisions.
Elfin Agro India IPO — Pros & Cons
Strengths
- The company exhibits strong return ratios with a RONW of 36.86% and ROCE of 47.93%. These high figures indicate efficient utilization of shareholder funds and capital, suggesting a profitable business model.
- Elfin Agro India has achieved a notable revenue of ₹117.48 Cr. This scale of operation provides a foundation for further expansion and market penetration within the agrochemical sector.
- The IPO is structured as a 100% fresh issue amounting to ₹25.03 Cr. This means the capital raised will be directly injected into the company for growth, rather than being used for promoter exits.
- The company has reported a positive PAT of ₹3.98 Cr, demonstrating its ability to generate profits from its operations. This profitability is crucial for sustained business growth and investor returns.
- The P/E ratio of 13.06x, based on an EPS of ₹3.6, appears reasonable when compared to typical valuations in the Indian agrochemical sector, suggesting the issue might not be excessively priced.
Risks
- The subscription data shows 0x interest from Retail, NII, and QIB investors, followed by a total subscription of 50x. This indicates a severe lack of investor interest, raising concerns about market reception and potential listing performance.
- The agrochemical sector is inherently cyclical and dependent on factors like monsoon, government subsidies, and pest outbreaks. Any adverse changes in these external conditions can significantly impact the company's performance.
- As an SME IPO, Elfin Agro India may have a limited track record and smaller operational scale compared to Main Board listed companies, which can translate to higher inherent risks for investors.
- The EBITDA margin of 5.17% is relatively modest, suggesting that while the company is profitable, there might be room for improvement in operational efficiencies to boost profitability further.
- The Net Asset Value (NAV) per share stands at ₹9.77, and the issue price is ₹47. This implies a significant premium to the book value, which warrants careful consideration of the company's future growth prospects and earnings potential.
Elfin Agro India IPO Details
| Company Name | Elfin Agro India |
|---|---|
| IPO Type | SME |
| Exchange | BSE |
| Price Band | ₹47 - ₹47 |
| Face Value | ₹5 per share |
| Lot Size | 3000 shares |
| Min Investment | ₹141,000 |
| Total Issue Size | ₹25.03 Cr |
|---|---|
| Fresh Issue | ₹25.03 Cr |
| IPO Status | Listed |
Elfin Agro India IPO Dates
Elfin Agro India IPO Subscription Status
Elfin Agro India IPO Listing Performance
Elfin Agro India IPO listed on BSE on 12 Mar 2026 at ₹47, a premium of 0.6% over the issue price of ₹47. Investors who received allotment made a profit of ₹900 per lot (3000 shares) on listing day.
Elfin Agro India IPO — Key Highlights
- Elfin Agro India is launching an IPO with a total issue size of ₹25.03 Cr, comprising entirely of a fresh issue.
- The company has reported a revenue of ₹117.48 Cr and a PAT of ₹3.98 Cr, indicating profitability on its operations.
- Elfin Agro India boasts a strong Return on Net Worth (RONW) of 36.86% and a Return on Capital Employed (ROCE) of 47.93%.
- The IPO's price band is set at ₹47 per share, with a lot size of 3000 shares, leading to a minimum investment of ₹141,000.
- The company's P/E ratio stands at 13.06x based on an EPS of ₹3.6.
- Subscription data shows 0x interest from Retail, NII, and QIB investors, with a total subscription of 50x, indicating a significant lack of investor demand.
Elfin Agro India Financial Performance
| Metric (₹ Cr) | FY 2023 | FY 2024 | FY 2025 | 9M FY 2026 |
|---|---|---|---|---|
| Revenue | 101.39 | 124.46 | 145.86 | 117.48 |
| Expenses | 98.26 | 118.63 | 138.31 | 110.77 |
| Net Income (PAT) | 1.81 | 3.68 | 5.08 | 3.98 |
Elfin Agro India IPO Valuations & Key Metrics
Valuation Ratios
| EPS | ₹3.60 |
|---|---|
| P/E Ratio | 13.06x |
| NAV | ₹9.77 |
| Current Ratio | 23.00 |
| Debt/Equity | 0.880 |
Return Metrics
| RONW (%) | 36.86% |
|---|---|
| ROCE (%) | 47.93% |
| EBITDA Margin | 5.17% |
| Employees | 23 |
Elfin Agro India IPO Reservation / Allocation
Elfin Agro India IPO — Frequently Asked Questions
What is Elfin Agro India IPO GMP today?
As of today, the Grey Market Premium (GMP) for Elfin Agro India IPO is not available at this time. GMP values are updated daily based on grey market activity.
What is the price band and lot size of Elfin Agro India IPO?
Elfin Agro India IPO has a price band of ₹47 to ₹47 per equity share with a face value of ₹5. The minimum lot size is 3000 shares, requiring a minimum investment of ₹141,000 at the upper band.
What are the important dates for Elfin Agro India IPO?
Elfin Agro India IPO opens for subscription on 05 Mar 2026 and closes on 09 Mar 2026. Allotment is expected on 10 Mar 2026. The shares are expected to list on BSE on 12 Mar 2026.
What is the investor category allocation in Elfin Agro India IPO?
The shares are reserved as follows — Qualified Institutional Buyers (QIB): 117.48%, Non-Institutional Investors (NII/HNI): 0.00%, and Retail Individual Investors: 50.00%. Additionally, 3.98% is reserved for eligible employees.
How can I apply for Elfin Agro India IPO?
You can apply for Elfin Agro India IPO through your bank's net banking ASBA facility or via UPI-based application through any stockbroker platform. Ensure you have sufficient funds in your bank account as the amount will be blocked until allotment.
What is the subscription status of Elfin Agro India IPO?
Elfin Agro India IPO has been subscribed 50.00 times overall. Retail category: 0.00x, NII/HNI: 0.00x, QIB: 0.00x.
What is Elfin Agro India IPO price band and lot size?
The Elfin Agro India IPO has a fixed price band of ₹47 per share, meaning the issue price is set at ₹47. The lot size for this IPO is 3000 shares, requiring a minimum investment of ₹141,000 (3000 shares x ₹47). The face value of each share is ₹5. Retail investors can apply for shares in multiples of this lot size.
Is Elfin Agro India IPO worth investing in?
Elfin Agro India demonstrates strong return ratios (RONW 36.86%, ROCE 47.93%) and a reasonable P/E of 13.06x, suggesting efficient capital use and potentially fair valuation. However, the complete lack of initial subscription interest from all investor categories (0x) is a significant red flag, indicating poor market sentiment. The company operates in the volatile agrochemical sector, and risks associated with SME IPOs are also present. Investors should carefully weigh these financial strengths against the apparent lack of demand and sector-specific risks. Investors should consult a SEBI-registered financial advisor before making investment decisions.
What is Elfin Agro India IPO GMP today?
Grey Market Premium (GMP) is an unofficial indicator of demand for an IPO. Given the reported subscription data showing 0x interest across all investor categories, it is highly unlikely that there is any positive GMP for the Elfin Agro India IPO. A lack of subscription typically translates to little to no premium in the grey market. Investors should not rely solely on GMP for investment decisions, as it is speculative and unverified.
How to apply for Elfin Agro India IPO?
To apply for the Elfin Agro India IPO, you can use the UPI mechanism through your stockbroker's trading application. Alternatively, you can apply using the ASBA (Application Supported by Blocked Amount) facility via your net banking portal. Your funds will remain blocked in your bank account until the shares are allocated to you. If you are allotted shares, the amount will be debited; otherwise, it will be unblocked.