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Elfin Agro India IPO vs Sai Urja Indo IPO

Comparison between Elfin Agro India IPO and Sai Urja Indo IPO.

IPO Details

Elfin Agro India IPO is a SME Bookbuilding IPO proposed to list at BSE SME while Sai Urja Indo IPO is a SME Bookbuilding proposed to list at BSE SME.

 Elfin Agro India IPOSai Urja Indo IPO
LogoElfin Agro India IPO LogoSai Urja Indo IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeFixed PriceBookbuilding
Listing AtBSE SMEBSE SME
Lead ManagersFinshore Management Services Ltd.Shannon Advisors Pvt.Ltd.
RegistrarCameo Corporate Services Ltd.Maashitla Securities Pvt.Ltd.
Market MakerShilpa Stock Broker Pvt.Ltd.
DRHPDRHP DRHP
RHP
Final ProspectusFinal Prospectus
Anchor Investor
IPO Allotment URLIPO 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 Sai Urja Indo IPO is up to ₹0.00 Cr. The final issue price of Elfin Agro India IPO is ₹47.00 per share and of Sai Urja Indo IPO is .

 Elfin Agro India IPOSai Urja Indo 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 Size3000 shares
Fresh Issue Size50,58,000 shares30,66,000 shares
Fresh Issue Size (Amount)up to ₹23.77 Crup to ₹0.00 Cr
OFS Issue Size0 shares3,12,000 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total50,58,000 shares33,78,000 shares
Issue Size Total (Amount)up to ₹23.77 Crup to ₹0.00 Cr

IPO Timetable

Elfin Agro India IPO opens on Mar 05, 2026, while Sai Urja Indo IPO opens on . The closing date of Elfin Agro India IPO and Sai Urja Indo IPO is Mar 09, 2026, and , respectively.

 Elfin Agro India IPOSai Urja Indo IPO
Anchor Bid Date
Issue OpenMar 05, 2026
Issue CloseMar 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

Financials & KPIs

Elfin Agro India IPO P/E ratio is 13.05, as compared to Sai Urja Indo IPO P/E ratio of .

 Elfin Agro India IPOSai Urja Indo 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 Ended31 Mar 202531 Mar 202431 Mar 2023
Assets21.1113.9514.16
Total Income65.8245.8828.51
Profit After Tax3.131.390.08
EBITDA5.142.930.72
NET Worth7.764.723.27
Total Borrowing5.352.154.89
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)10099.48
Promoter Shareholding (Post-Issue)72.59
P/E Ratio13.05
Market Cap₹91.30 Cr.
ROE36.8650.27
ROCE47.9365.43
Debt/Equity0.880.69
EPS₹3.60
RoNW36.8650.27

Shares Offered

In the Elfin Agro India IPO Retail Individual Investors (RII) are offered 25,38,000 shares while in Sai Urja Indo 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 Sai Urja Indo IPO.

 Elfin Agro India IPOSai Urja Indo IPO
Anchor Investor Reservation0 shares0 shares
Market Maker Reservation2,67,000 shares0 shares
QIB0 shares0 shares
NII25,20,000 shares0 shares
RII25,38,000 shares0 shares
Employee0 shares0 shares
Others
Total50,58,000 shares0 shares

Bids Received (Subscription)

Elfin Agro India IPO subscribed 1.35x in total, whereas Sai Urja Indo IPO subscribed .

 Elfin Agro India IPOSai Urja Indo 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

Compare with others

Elfin Agro India IPOSai Urja Indo IPO
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Compare:

Elfin Agro India IPO Vs Sai Urja Indo IPO