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Elfin Agro India IPO vs INDO SMC IPO

Comparison between Elfin Agro India IPO and INDO SMC IPO.

IPO Details

Elfin Agro India IPO is a SME Bookbuilding IPO proposed to list at BSE SME while INDO SMC IPO is a SME Bookbuilding proposed to list at BSE SME.

 Elfin Agro India IPOINDO SMC IPO
LogoElfin Agro India IPO LogoINDO SMC IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeFixed PriceBookbuilding
Listing AtBSE SMEBSE SME
Lead ManagersFinshore Management Services Ltd.GYR Capital Advisors Pvt.Ltd.
RegistrarCameo Corporate Services Ltd.Kfin Technologies Ltd.
Market MakerShilpa Stock Broker Pvt.Ltd.Giriraj Stock Broking Pvt.Ltd.
DRHPDRHP DRHP
RHPRHP
Final ProspectusFinal Prospectus
Anchor InvestorAnchor Investor
IPO Allotment URLIPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of Elfin Agro India IPO is up to ₹23.77 Cr whereas the issue size of the INDO SMC IPO is up to ₹87.34 Cr. The final issue price of Elfin Agro India IPO is ₹47.00 per share and of INDO SMC IPO is ₹149.00 per share.

 Elfin Agro India IPOINDO SMC IPO
Face Value₹5 per share₹10 per share
Issue Price (Lower)₹141.00 per share
Issue Price (Upper)₹149.00 per share
Issue Price (Final)₹47.00 per share₹149.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size3000 shares1000 shares
Fresh Issue Size50,58,000 shares58,62,000 shares
Fresh Issue Size (Amount)up to ₹23.77 Crup to ₹87.34 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total50,58,000 shares58,62,000 shares
Issue Size Total (Amount)up to ₹23.77 Crup to ₹87.34 Cr

IPO Timetable

Elfin Agro India IPO opens on Mar 05, 2026, while INDO SMC IPO opens on Jan 13, 2026. The closing date of Elfin Agro India IPO and INDO SMC IPO is Mar 09, 2026, and Jan 16, 2026, respectively.

 Elfin Agro India IPOINDO SMC IPO
Anchor Bid DateJan 12, 2026
Issue OpenMar 05, 2026Jan 13, 2026
Issue CloseMar 09, 2026Jan 16, 2026
Basis Of Allotment (Tentative)Mar 10, 2026Jan 19, 2026
Initiation of Refunds (Tentative)Mar 11, 2026Jan 20, 2026
Credit of Share (Tentative)Mar 11, 2026Jan 20, 2026
Listing date (Tentative)Mar 12, 2026Jan 21, 2026
Anchor Lockin End date 1Feb 15, 2026
Anchor Lockin End date 2Apr 16, 2026

Financials & KPIs

Elfin Agro India IPO P/E ratio is 13.05, as compared to INDO SMC IPO P/E ratio of 16.1.

 Elfin Agro India IPOINDO SMC IPO
Financials

Company Financials (Restated)

Period Ended31 Dec 202531 Mar 202531 Mar 202431 Mar 2023
Assets42.3933.4424.6920.90
Total Income117.72146.44124.71101.45
Profit After Tax3.985.083.681.81
EBITDA6.687.545.823.11
NET Worth17.7613.788.705.02
Reserves and Surplus10.716.737.293.61
Total Borrowing12.6912.197.607.23
Amount in ₹ Crore

Company Financials (Restated Consolidated)

Period Ended30 Sep 202531 Mar 202531 Mar 202431 Mar 2023
Assets147.6799.9436.3213.85
Total Income112.62138.7828.067.30
Profit After Tax11.4615.443.000.46
EBITDA17.1922.835.081.15
NET Worth47.1435.695.791.17
Reserves and Surplus30.4619.005.060.52
Total Borrowing49.3535.7617.7010.43
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)10082.30
Promoter Shareholding (Post-Issue)72.5960.07
P/E Ratio13.0516.1
Market Cap₹91.30 Cr.₹340.54 Cr.
ROE36.8674.45
ROCE47.9331.39
Debt/Equity0.881.00
EPS₹3.60₹9.25
RoNW36.8643.27

Shares Offered

In the Elfin Agro India IPO Retail Individual Investors (RII) are offered 25,38,000 shares while in INDO SMC IPO retail investors are offered 25,38,000 shares. Qualified Institutional Buyers (QIB) are offered 0 shares in Elfin Agro India IPO and 11,72,000 shares in INDO SMC IPO.

 Elfin Agro India IPOINDO SMC IPO
Anchor Investor Reservation0 shares17,56,000 shares
Market Maker Reservation2,67,000 shares3,09,000 shares
QIB0 shares11,72,000 shares
NII25,20,000 shares8,82,000 shares
RII25,38,000 shares20,52,000 shares
Employee0 shares0 shares
Others
Total50,58,000 shares58,62,000 shares

Bids Received (Subscription)

Elfin Agro India IPO subscribed 1.35x in total, whereas INDO SMC IPO subscribed 77.39x.

 Elfin Agro India IPOINDO SMC IPO
QIB (times)94.94x
NII (times)2.12x164.59x
Big NII (times)193.37x
Small NII (times)107.02x
RII (times)0.59x96.13x
Employee (times)
Other (times)
Total (times)1.35x77.39x

Compare with others

Elfin Agro India IPOINDO SMC IPO
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Yashhtej Industries (India) IPOHGI Automotives IPO
Accretion Nutraveda IPOHarikanta Overseas IPO
HGI Automotives IPOElfin Agro India IPO
Harikanta Overseas IPOShivchem Agro IPO
Shivchem Agro IPODefrail Technologies IPO
INDO SMC IPOSai Urja Indo IPO
Defrail Technologies IPOAtharva Polyplast IPO
Sai Urja Indo IPORoopa Screen IPO
Atharva Polyplast IPOPajson Agro India IPO

Compare:

Elfin Agro India IPO Vs INDO SMC IPO