No, Elofic Industries is not an IPO. The company is not yet listed on the Stock Exchange. Currently, the company has shown no interest to raise funds through the stock market. The company is already doing well and doing expansion from internal accruals. The Total valuation of the company is Rs. 600 crore. Elofic Industries is the largest manufacturer of automotive filters, lubes, and automotive coolants. They are also the largest exporter of filters in India. The shares of Elofic Industries are actively traded in the unlisted market.