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Total Issue Size
Fresh Issue + Offer For Sale
Fresh Issue (FI)
Proceeds go to the company
Offer For Sale (OFS)
Proceeds go to the existing investors
Working Capital Requirements
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General Corporate Expenses
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(₹ in Crore)
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Elfin Agro India Limited, established in July 2009 and based in Bhilwara, Rajasthan, is an integrated food processing enterprise engaged in the manufacturing, processing, and distribution of wheat-based flour items and edible mustard oil. The company produces a variety of staple products including whole wheat Chakki Atta, refined wheat flour (Maida), semolina (Sooji), R-Atta, and specialized Tandoori Atta, along with cold-pressed yellow mustard oil. These consumer products are packaged and commercialized under its flagship proprietary brands, Shiv Nandi and ELFIN'S Shri Shyam BHOG. The company operates dedicated processing infrastructure located at the RIICO Growth Centre in Swaroopganj, Bhilwara. Its operational facilities integrate a modern roller flour mill, a dal processing unit, and a mustard oil extraction plant. In addition to its primary manufacturing activities, the company participates in the strategic trading of agricultural commodities such as chana, maize, and unrefined edible oils depending on seasonal market conditions and regional price trends. Elfin Agro distributes its consumer and bulk products across several northern and western Indian states through an established network of regional distributors, wholesalers, and institutional buyers. Operating in a high-volume agro-commodity segment, the business model focuses on continuous supply chain efficiency, direct sourcing from regional mandis, and capacity utilization across its flour milling and oil processing units.
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Source: RHP • Analysis provided for informational purposes
Last Updated: 18 September 2026, 4:08 PM
Integrated Processing Infrastructure
Operates combined roller flour milling, dal processing, and mustard oil extraction facilities at RIICO Growth Centre in Bhilwara, Rajasthan.
Established Regional Consumer Brands
Sells staple consumer products under proprietary brand names Shiv Nandi and ELFIN'S Shri Shyam BHOG with strong distributor loyalty.
Consistent Revenue Trajectory
Supported by steady demand for essential dietary wheat flour and mustard oil staples across northern and western Indian markets.
Proximity to Sourcing Hubs
Located in Rajasthan agricultural belts enabling direct procurement of quality raw wheat and mustard seeds from regional mandis.
Agricultural Commodity Volatility
Exposed to fluctuations in raw material prices and seasonal variations in agricultural crop yields.
Competitive Market Environment
Operates in a fragmented market with low entry barriers and intense competition from unorganized processors and national brands.
Working Capital Requirements
Business model relies on substantial working capital to support seasonal inventory procurement and credit extended to distributors.
Elfin Agro India Limited
F-250-251-252-253, RIICO Growth Centre, Swaroopganj, Hamirgarh, Bhilwara - 311025, Rajasthan, India
View on Maps →Cameo Corporate Services Limited
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Geographic Concentration
Manufacturing facilities are concentrated at a single geographical site in Bhilwara, Rajasthan.