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₹47 - 47
Elfin Agro India Ltd
FMCGIPOSME
₹47 - 47
The Company is primarily engaged in the business of manufacturing of Chakki Atta (High fibre whole wheat flour), R Atta (Refined whole wheat flour), Tandoori Atta (Specialized flour), Sooji (Semolina flour), Maida (Refined Flour) and yellow mustard oil. As on the date of this prospectus, the Company has two manufacturing units that are situated at Bhilwara, Rajasthan, viz., (i) Flour Processing Unit and (ii) Mustard oil Processing Unit. The Company also engage in the trading of certain agro products, including Chana, Maize, Soyabean Refined Oil, Wheat, Groundnut Oil, etc based on the prevailing market conditions. The Company has a well-diversified customer base catering to various segments like B2B Clients, Wholesalers, Traders, Retailers and Individual consumers.
Lot3,000Min Invest₹2,82,000Face Value₹5Issue Size₹25 CrFresh Issue₹25 CrListing Price₹47CMP₹86
Timeline
5 Mar
Bidding opens
9 Mar
Bidding closes
10 Mar
Allotment
11 Mar
Refund & demat credit
12 Mar
Listing
Subscription
Subscription opens once dates are announced
Reports
Offer Details
Terms
Issue Size₹25 Cr0.53 Cr shares
Fresh Issue₹25 Cr
Face Value₹5
Lot Size3,000 shares
ReservationNII 49.82% · RETAIL 50.18%
Application Sizes
Retail₹2,82,0001-1 lots
sNII₹2,82,000from 2 lots
bNII₹11,28,000from 8 lots
Managers & Registrar
Lead ManagerFinshore Management Services Limited
RegistrarCameo Corporate Services Ltd
Ownership & Proceeds
Shareholding
CategoryPre IPOPost IPOPromoter Group100.01%72.58%Public-0.01%27.42%
Objects of the Issue
- Working Capital Requirements
- General Corporate Expenses
Anchor Book
Financials
Profit & Loss
| Financial Year | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| RevenueCr | 101 | 124 | 146 | 177 |
| Operating ProfitCr | 3 | 6 | 8 | 9 |
| OPM% | 3.1 | 4.7 | 5.2 | 5.2 |
| PBTCr | 3 | 5 | 7 | 8 |
| PATCr | 2 | 4 | 5 | 6 |
| EPS | 13 | 26 | 4 | 4 |
Balance Sheet
| Financial Year | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Equity CapitalCr | 1 | 1 | 7 | 10 |
| ReservesCr | 4 | 7 | 7 | 34 |
| BorrowingsCr | 7 | 8 | 12 | 4 |
| Fixed AssetsCr | - | - | 10 | 11 |
| Total AssetsCr | 21 | 25 | 33 | 52 |
Cash Flow
| Financial Year | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Operating Cash FlowCr | 0 | 3 | -3 | 15 |
| Investing Cash FlowCr | -3 | -2 | -1 | -1 |
| Financing Cash FlowCr | 3 | 0 | 4 | -7 |
| Net Cash FlowCr | 0 | 0 | 0 | 7 |
Strengths & Risks
Strengths · as stated in the DRHP
- Established and proven track record.
- Leveraging the experience of its Promoters.
- Experienced management team and a motivated and efficient work force.
- Cordial relations with our customers.
- Quality Assurance & Control.
Strategies · as stated in the DRHP
- Enhancement of the existing product portfolio and its diversification.
- To create brand awareness.
- Quality Assurance and Compliance.
- To make our product's presence available on e-markets and at big retail chains.
- Geographical expansion of its presence in the Indian market.
- To increase our direct B2C sales of both flour mill and oil mill products.
Risks · as stated in the DRHP
- The company's Directors, Promoters and Group Companies are parties to certain legal proceedings. Any adverse decision in such proceedings may have a material adverse effect on the company's business, results of operations and financial condition.
- The company's operations are dependent on the supply of raw materials. Inadequate or interrupted supply and price fluctuation of the company's raw materials and packaging materials could adversely affect its business, results of operations, cash flows, profitability and financial condition. Any change in guidelines by Government of India or any other governmental nodal agencies for procurement or stocking of wheat and mustard seeds can also impact prices of raw materials. Any increase in the cost of, or a shortfall in the availability of, such raw materials could have an adverse effect on the company's business and results of operations, and seasonable variations could also result in fluctuations in the company's results of operations.
- The company derives significant portion of the company's revenue from sale of limited variety of the company's products. An inability to adapt to evolving consumer preferences, anticipate regulatory requirements, and industry trends and demand for particular products, or ensure product quality may adversely impact demand for its products and consequently the company's business, results of operations, financial condition and cash flows and competitive position in the agro-processing industry.
- The company's revenue contribution from its trading operations is subject to volatile and uncontrollable market conditions, which may materially and adversely affect its profitability, financial condition and results of operations.
- The company derives significant portion of the company's revenues from Maida, any reduction in demand or in the production of such product could have an adverse effect on the company's business, results of operations and financial condition.
- Substantial portion of the company's revenues has been dependent upon few customers. The loss of any one or more of the company's major customers would have a material effect on the company's business operations and profitability.