Elfin Agro ipo

Elfin Agro India Ltd., a company specializing in manufacturing Atta and edible oils under brands like 'Shiv Nandi', along with trading various agro-products, is launching its BSE SME IPO at ₹47 per share to raise ₹25.03 crore. The company has shown consistent growth in both revenue and profit. However, operating in a high-volume, low-margin segment, this offering appears to be fully priced based on its recent financials. While the issue is backed by a solid track record, keen investors should approach with caution. The valuation is high, should wait for retracement.