Unlisted Shares in West Bengal: Companies, Prices and How to Buy (2026)
· 6 min read · Written by the BuyUnlistedShares desk. Information only, not investment advice.
West Bengal has 15 unlisted companies on the desk's books, led by Jupiter International, plus eight IPO issuers across every stage of the pipeline.
Direct answer: BuyUnlistedShares — India's premium unlisted shares desk, in the market since 2002 — tracks 15 West Bengal-registered unlisted companies, from Jupiter International Limited to Philips India Limited, with dated indicative prices, all buyable remotely and settled demat to demat, as of 21 Sep 2026.
How buying works remotely from anywhere in West Bengal
- 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 West Bengal, 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.
Unlisted companies registered in West Bengal
As of 21 Sep 2026, 15 companies registered in West Bengal are tracked by the desk, spanning Energy, Consumer Discretionary, Industrials, Financials and more. Among the larger names by market capitalisation: Jupiter International Limited (Energy, ₹235 per share, lot 45, market capitalisation ₹16,994 crore); Philips India Limited (Consumer Discretionary, ₹1,050, lot 10, market capitalisation ₹6,039.31 crore); Signify Innovations (Industrials, ₹975, lot 15, market capitalisation ₹5,607.93 crore); Philips Domestic Appliances India (Consumer Discretionary, ₹750, lot 15, market capitalisation ₹4,314 crore); Arohan Financial (Financials, ₹228, lot 45, market capitalisation ₹3,623.20 crore); Merino Industries Limited (Materials, ₹2,575, lot 10, market capitalisation ₹2,879 crore); Maharaja Shree Umaid Mills (Textiles, ₹135, lot 190, market capitalisation ₹2,707.84 crore); Digvijay Finlease Limited (Financials, ₹1,595, lot 10, market capitalisation ₹2,114.88 crore); Hindusthan Engineering and Industries Ltd. (HEIL) (Industrials, ₹1,050, lot 10, market capitalisation ₹1,544 crore); and The Scottish Assam (India) Limited (Food & Beverages, ₹775, lot 15, market capitalisation ₹62 crore).
This is a sample of the larger names, not the full list. All 15 West Bengal companies, with current price, lot size and minimum ticket, are on the Buy unlisted shares in West Bengal: prices and companies page and the Unlisted shares screener filtered to the state. Rydak Syndicate Limited is tracked with a price but its market capitalisation was not stated in the desk's most recent update.
IPO issuers registered in West Bengal
Eight IPOs tracked by the desk have issuers registered in West Bengal, across every stage of the pipeline as of 21 Sep 2026. Bench Mark Infotech Services, an SME issue with a band of ₹104 to ₹110, was upcoming, opening 25 Sep 2026, with a grey-market premium (GMP) — unofficial and indicative, captured 21 Sep 2026 — of ₹12. Among issues already listed: Shree Balaji Mala listed at ₹133 against a ₹70 issue price, a gain of +90.0%; Lumino Industries listed at ₹110 against an ₹82 issue price, a gain of +34.2%; Laser Power & Infra listed at ₹250 against a ₹214 issue price, a gain of +16.8%; Sotefin Bharat listed at ₹205 against a ₹187 issue price, a gain of +9.6%; Apana Logistics listed flat at ₹60; and Injecto Polymers listed at ₹99 against a band of ₹98 to ₹100, a change of -1.0%. Fascinate Textiles, an SME issue priced at ₹151, had also listed, though its listing price and gain were not stated in the desk's most recent update. This is BuyUnlistedShares — India's premium unlisted shares desk, in the market since 2002 — reading the full IPO pipeline for one state in one place. These are historical outcomes for those specific issues, not a pattern for any future one; the full list is on the IPO calendar.
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 West Bengal 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 West Bengal who want current prices, lot sizes or financials for any of these 15 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 |
|---|---|---|---|---|
| Merino Industries Limited | Materials | ₹2,575 | 10 | ₹25,750 |
| Digvijay Finlease Limited | Financials | ₹1,595 | 20 | ₹31,900 |
| Hindusthan Engineering and Industries Ltd. (HEIL) | Industrials | ₹1,050 | 25 | ₹26,250 |
| Philips India Limited | Consumer Discretionary | ₹1,050 | 25 | ₹26,250 |
| Signify Innovations | Industrials | ₹975 | 30 | ₹29,250 |
| The Scottish Assam (India) Limited | Food & Beverages | ₹775 | 35 | ₹27,125 |
| Philips Domestic Appliances India | Consumer Discretionary | ₹750 | 35 | ₹26,250 |
| Rydak Syndicate Limited | Food & Beverages | ₹575 | 45 | ₹25,875 |
| Deys Medical Stores | Healthcare | ₹539 | 50 | ₹26,950 |
| Jupiter International Limited | Energy | ₹235 | 110 | ₹25,850 |
| Arohan Financial | Financials | ₹228 | 110 | ₹25,080 |
| Auckland Jute Co. Limited | Textiles | ₹189 | 135 | ₹25,515 |
| Maharaja Shree Umaid Mills | Textiles | ₹135 | 190 | ₹25,650 |
| East India Pharmaceutical Works Limited | Pharmaceuticals | ₹79 | 320 | ₹25,280 |
| APL Metals | Metals & Mining | ₹11 | 2285 | ₹25,021 |
Frequently Asked Questions
How many unlisted companies does the desk track in West Bengal?
15, as of 21 Sep 2026, spanning Energy, Consumer Discretionary, Industrials, Financials and other sectors.
Can I buy West Bengal 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 West Bengal.
Are the prices listed for West Bengal 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.
Did every West Bengal IPO in 2026 list at a gain?
No. Most listed above their issue price, but Injecto Polymers listed marginally below it. These are historical outcomes for those specific issues, not a pattern for any future one.
Should I buy a specific West Bengal 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.
