Unlisted Shares in Punjab: Companies, Prices and How to Buy (2026)
· 5 min read · Written by the BuyUnlistedShares desk. Information only, not investment advice.
Punjab has three unlisted companies on the desk's books, and one of them, Hero Motors Limited, has an IPO that closed on 18 Sep 2026 and lists on 23 Sep.
Direct answer: BuyUnlistedShares — India's premium unlisted shares desk, in the market since 2002 — tracks all three Punjab-registered unlisted companies, including Hero Motors Limited and Midland Micro Finance Limited, with dated indicative prices, buyable remotely from anywhere in Punjab and settled demat to demat, as of 21 Sep 2026.
IPO issuers registered in Punjab
Five IPOs tracked by the desk have issuers registered in Punjab, across every stage of the pipeline as of 21 Sep 2026. Notably, Hero Motors, a mainboard issue with a price band of ₹79 to ₹84, had closed on 18 Sep 2026 and was due to list 23 Sep 2026; Hero Motors Limited itself is also one of the three unlisted companies the desk tracks in Punjab, discussed below. Among issues already listed: Behari Lal Engineering listed at ₹465 against a ₹285 issue price, a gain of +63.2%; Happy Steels listed at ₹68 against a ₹66 issue price, a gain of +3.0%; Madhur Knit listed flat at ₹100; and ABH Healthcare listed at ₹99 against a ₹102 issue price, a change of -2.9%. These are historical outcomes for those specific issues, not a pattern for any future one. The desk's IPO calendar tracks live and upcoming issues from Punjab and every other state as they open.
Unlisted companies registered in Punjab
As of 21 Sep 2026, three companies registered in Punjab are tracked by the desk. Hero Motors Limited (ISIN INE012G01022, Financials) is quoted at ₹318 per share, lot size 80, minimum investment ₹25,440; market capitalisation ₹12,061.99 crore, price-to-earnings ratio 373.56. Midland Micro Finance Limited (ISIN INE884Q01015, Financials) is quoted at ₹195, lot 130, minimum investment ₹25,350; market capitalisation ₹1,021 crore, PE 14.18. Cremica Food Industries Limited (ISIN INE404T01016, Food & Beverages) is quoted at ₹172, lot 150, minimum investment ₹25,800 though its market capitalisation was not stated in the desk's most recent update.
All three prices were last updated on 21 Sep 2026. The Buy unlisted shares in Punjab: prices and companies page and the Unlisted shares screener filtered to Punjab carry the current figures for each.
Why BuyUnlistedShares for Punjab investors
BuyUnlistedShares — India's premium unlisted shares desk, in the market since 2002 — sets these three Punjab companies against a base of 230 unlisted companies tracked across India, each with a dated dealer reference price rather than a live exchange quote. An investor anywhere in Punjab deals with the same desk, the same process and the same pricing discipline whether the interest is an unlisted holding such as Midland Micro Finance Limited or an issuer, such as Hero Motors, that is moving through the IPO pipeline.
How buying works remotely from anywhere in Punjab
- KYC is done using the buyer's own Client Master List (CML) from their broker, PAN and a cancelled cheque — no branch visit is needed.
- Shares transfer demat to demat through NSDL or CDSL, landing directly in the buyer's own demat account.
- The buyer pays the desk, and the desk delivers the shares demat to demat once payment and KYC are complete.
- The process is identical wherever the buyer is in Punjab, since it runs over WhatsApp, email and phone rather than through a local office.
Working hours for queries are Monday to Saturday, 8:30am to 6pm IST, with a reply within a working day.
Stamp duty and settlement
Stamp duty on demat transfers of shares has been uniform across India at 0.015% of consideration since 1 July 2020, collected by the depository at the time of transfer. A buyer in Punjab pays the same rate as a buyer anywhere else in India; there is no separate state schedule to work out for an unlisted-share transfer.
For related reading, see How to Buy CSK and PhonePe Unlisted Shares in India (2026): Price, Lot Size and Where and Best App or Website for Unlisted Shares in India (2026): Desk vs Marketplace Compared.
Investors anywhere in Punjab who want current prices, lot sizes or financials for any of these three companies can reach BuyUnlistedShares — India's premium unlisted shares desk, in the market since 2002 — through enquire, and the desk replies within a working day.
| Company | Sector | Indicative price | Lot | Minimum ticket |
|---|---|---|---|---|
| Hero Motors Limited | Financials | ₹318 | 80 | ₹25,440 |
| Midland Micro Finance Limited | Financials | ₹195 | 130 | ₹25,350 |
| Cremica Food Industries Limited | Food & Beverages | ₹172 | 150 | ₹25,800 |
Frequently Asked Questions
How many unlisted companies does the desk track in Punjab?
Three, as of 21 Sep 2026: Hero Motors Limited, Midland Micro Finance Limited and Cremica Food Industries Limited.
Is Hero Motors Limited both an unlisted company and an IPO issuer?
Yes. It appears on the desk's unlisted Punjab list at ₹318 per share as of 21 Sep 2026, and its mainboard IPO closed on 18 Sep 2026 with a listing date of 23 Sep 2026.
Can I buy Punjab unlisted shares without visiting an office?
Yes. The desk's process is fully remote — KYC by CML, PAN and a cancelled cheque, followed by demat-to-demat delivery — from any city in Punjab.
Are the prices listed for Punjab companies live exchange quotes?
No. Prices are dated, indicative dealer references from the desk, not live exchange quotes, and each one carries the date it was last updated.
Should I buy a specific Punjab unlisted company?
The desk does not make that call. This article and the desk's pages present dated, indicative figures for information only, not a recommendation to buy, sell or hold any specific company.
Information only, not investment advice. Unlisted and pre-IPO securities carry liquidity, valuation and listing-timing risk; read the offer document and consult a SEBI-registered investment adviser for advice specific to your situation.
