Comparison between Elfin Agro India IPO and HGI Automotives IPO.
Elfin Agro India IPO is a SME Fixed Price IPO proposed to list at BSE SME while HGI Automotives IPO is a SME Fixed Price proposed to list at BSE SME.
| Elfin Agro India IPO | HGI Automotives IPO | |
|---|---|---|
| Logo |  |  |
| Issue Category | SME | SME |
| Issue Type | IPO | IPO |
| Process Type | Fixed Price | Fixed Price |
| Listing At | BSE SME | BSE SME |
| Lead Managers | Finshore Management Services Ltd. | Nirbhay Capital Services Pvt.Ltd. |
| Registrar | Cameo Corporate Services Ltd. | Kfin Technologies Ltd. |
| Market Maker | Shilpa Stock Broker Pvt.Ltd. | |
| DRHP | DRHP  | DRHP |
| RHP | ||
| Final Prospectus | Final Prospectus | |
| Anchor Investor | ||
| IPO Allotment URL | IPO Allotment URL |
The total issue size of Elfin Agro India IPO is up to ₹23.77 Cr whereas the issue size of the HGI Automotives IPO is up to ₹0.00 Cr. The final issue price of Elfin Agro India IPO is ₹47.00 per share and of HGI Automotives IPO is .
| Elfin Agro India IPO | HGI Automotives IPO | |
|---|---|---|
| Face Value | ₹5 per share | ₹10 per share |
| Issue Price (Lower) | ||
| Issue Price (Upper) | ||
| Issue Price (Final) | ₹47.00 per share | |
| Discount (Retail) | ||
| Discount (Employee) | ||
| Market Lot Size | 3000 shares | |
| Fresh Issue Size | 50,58,000 shares | 75,00,000 shares |
| Fresh Issue Size (Amount) | up to ₹23.77 Cr | up to ₹0.00 Cr |
| OFS Issue Size | 0 shares | 0 shares |
| OFS Issue Size (Amount) | up to ₹0.00 Cr | up to ₹0.00 Cr |
| Issue Size Total | 50,58,000 shares | 75,00,000 shares |
| Issue Size Total (Amount) | up to ₹23.77 Cr | up to ₹0.00 Cr |
Elfin Agro India IPO opens on Mar 05, 2026, while HGI Automotives IPO opens on . The closing date of Elfin Agro India IPO and HGI Automotives IPO is Mar 09, 2026, and , respectively.
| Elfin Agro India IPO | HGI Automotives IPO | |
|---|---|---|
| Anchor Bid Date | ||
| Issue Open | Mar 05, 2026 | |
| Issue Close | Mar 09, 2026 | |
| Basis Of Allotment (Tentative) | Mar 10, 2026 | |
| Initiation of Refunds (Tentative) | Mar 11, 2026 | |
| Credit of Share (Tentative) | Mar 11, 2026 | |
| Listing date (Tentative) | Mar 12, 2026 | |
| Anchor Lockin End date 1 | ||
| Anchor Lockin End date 2 |
Elfin Agro India IPO P/E ratio is 13.05, as compared to HGI Automotives IPO P/E ratio of .
| Elfin Agro India IPO | HGI Automotives IPO | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Financials | Company Financials (Restated)
| Company Financials (Restated)HGI Automotives Ltd.'s revenue increased by 23% and profit after tax (PAT) rose by 135% between the financial year ending with March 31, 2025 and March 31, 2024.
| |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Pre-Issue) | 100 | 99.93 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 72.59 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 13.05 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹91.30 Cr. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 36.86 | 62.13 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 47.93 | 37.03 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 0.88 | 2.37 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹3.60 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 36.86 | 48.31 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the Elfin Agro India IPO Retail Individual Investors (RII) are offered 25,38,000 shares while in HGI Automotives IPO retail investors are offered 25,38,000 shares. Qualified Institutional Buyers (QIB) are offered 0 shares in Elfin Agro India IPO and 0 shares in HGI Automotives IPO.
| Elfin Agro India IPO | HGI Automotives IPO | |
|---|---|---|
| Anchor Investor Reservation | 0 shares | 0 shares |
| Market Maker Reservation | 2,67,000 shares | 0 shares |
| QIB | 0 shares | 0 shares |
| NII | 25,20,000 shares | 0 shares |
| RII | 25,38,000 shares | 0 shares |
| Employee | 0 shares | 0 shares |
| Others | ||
| Total | 50,58,000 shares | 0 shares |
Elfin Agro India IPO subscribed 1.35x in total, whereas HGI Automotives IPO subscribed .
| Elfin Agro India IPO | HGI Automotives IPO | |
|---|---|---|
| QIB (times) | ||
| NII (times) | 2.12x | |
| Big NII (times) | ||
| Small NII (times) | ||
| RII (times) | 0.59x | |
| Employee (times) | ||
| Other (times) | ||
| Total (times) | 1.35x |
