Elfin Agro Ipo
Elfin Agro IPO Review & Key Points
Review:
IPO Lead Managers aka Merchant Bankers
Finshore Management Services Ltd.
| Name of the Company | Face Value (₹) | EPS basic (₹) | EPS Diluted (₹) | RONW (%) | P/E Ratio | NAV (₹) |
| Powerica Limited | 5 | 15.26 | 15.26 | 15.37 % | 24.45 | 99.76 |
| Listed Peers | ||||||
| Cummins India Limited | 2 | 72.15 | 72.15 | 26.45% | 64.13 | 272.78 |
| Kirloskar Oil Engines Limited | 2 | 33.71 | 33.60 | 15.85% | 43.24 | 212.60 |
| NTPC Green Energy Limited | 10 | 0.67 | 0.67 | 2.58% | 129.40 | 21.88 |
| Acme Solar Holdings Limited | 2 | 4.55 | 4.53 | 5.59% | 50.74 | 74.54 |
| Adani Green Energy Limited | 10 | 8.37 | 8.37 | 11.90% | 101.53 | 76.62 |
| IPO Open Date | March 5, 2026 |
| IPO Close Date | March 9, 2026 |
| Face Value | ₹5 Per Equity Share |
| IPO Price Band | ₹47 Per Share |
| Issue Size | Approx ₹25.03 Crores |
| Fresh Issue | Approx ₹25.03 Crores |
| Issue Type | Fixed Price Issue |
| IPO Listing | BSE SME |
| DRHP Draft Prospectus | |
| RHP Draft Prospectus |
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 2 | 6,000 | ₹2,82,000 |
| Retail Maximum | 2 | 6,000 | ₹2,82,000 |
| S-HNI Minimum | 3 | 9,000 | ₹4,23,000 |
| S-HNI Maximum | – | – | ₹- |
| B-HNI Minimum | – | – | ₹- |
| Investor Category | Share Offered | Shares (%) |
| Anchor Investor | – Shares | -% |
| QIB (Ex. Anchor) | – Shares | -% |
| NII Shares Offered | 25,20,000 Shares | 47.32% |
| Retail Shares Offered | 25,38,000 Shares | 47.66% |
| IPO Open Date: | March 5, 2026 |
| IPO Close Date: | March 9, 2026 |
| Basis of Allotment: | March 10, 2026 |
| Refunds: | March 11, 2026 |
| Credit to Demat Account: | March 11, 2026 |
| IPO Listing Date: | March 12, 2026 |
| IPO Bidding Cut-off Time: | March 9, 2026 – 5 PM |
| Particular | Shares | % Share |
| Promoter Holding Pre Issue | 1,41,00,000 | 100% |
| Promoter Holding Post Issue | 1,94,25,000 | 72.59% |
| Purpose | Crores |
| Working Capital Requirements | ₹19.33 |
| General Corporate Purpose | ₹3.50 |
| 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 |
| KPI | Values |
| ROE: | 36.86% |
| ROCE: | 47.93% |
| EBITDA Margin: | 5.17% |
| PAT Margin: | 3.48% |
| Debt to equity ratio: | 0.88 |
| Earning Per Share (EPS): | ₹3.60 (Basic) |
| Price/Earning P/E Ratio: | 13.05 |
| Return on Net Worth (RoNW): | 36.86% |
| Net Asset Value (NAV): | ₹9.77 |
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
| Abram Food | 9.05 | 11.05 | 38.62% | 22.62 | 64.04 Cr. |
| Period Ended | Revenue | Expense | PAT | Assets |
| 2023 | ₹184.81 | ₹154.97 | ₹32.10 | ₹251.58 |
| 2024 | ₹206.45 | ₹175.85 | ₹34.44 | ₹339.25 |
| 2025 | ₹322.58 | ₹261.43 | ₹28.13 | ₹455.49 |
| Dec 2025 | ₹236.50 | ₹186.96 | ₹38.69 | ₹561.34 |