Hindon Mercantile Limited Unlisted Share Price
Hindon Mercantile Limited unlisted share price is ₹795 per share (indicative, as of 18 Oct 2026). Minimum ticket ₹25,000 (lot of 31 shares), the same for every company. Sector: Financials. Status: unlisted, no DRHP on record.
All unlisted share prices: dated indicative prices for every company the desk tracks.
Updated 19 Oct 2026, 08:01 IST. Dated dealer references.
BuyUnlistedShares tracks 230 unlisted companies with dated prices; Hindon Mercantile Limited’s indicative price is ₹795 per share as of 19 Oct 2026, a lot of 31 shares.
Key facts
- Indicative price
- ₹795 per share
- Price as of
- 18 Oct 2026
- Minimum investment
- ₹25,000
- Lot size
- 31 shares
- Sector
- Financials
- Listing status
- Unlisted
- Settlement
- Demat to demat; terms agreed in writing for each deal
- Last updated
- 19 Oct 2026, 08:01 IST
Indicative and dated. BuyUnlistedShares deals as principal.
Buying at a glance
- Minimum ticket
- ₹25,000
- Price shown
- Indicative, dated 18 Oct 2026
- Delivery
- Shares are credited to your demat account
In plain words
- Lock-in if it lists
- Shares bought before an IPO are generally locked in for six months from the IPO allotment date under SEBI rules. The issue documents set the exact terms.
- IPO status
- Unlisted. No DRHP on record.
Facts only, not a rating or a recommendation.
Compare it against the full unlisted share price list: every company the desk quotes, each with a dated indicative price.
Indicative move: +8.2% over 3 months · -4.8% over 1 year.
Key figures
| Market cap | ₹1,775.58 Cr |
|---|---|
| Minimum investment | ₹25,000 |
| Lot size | 31 |
| P/E ratio | 137.31x |
| ROE | 8.29% |
| Book value | ₹183.04 |
| Face value | ₹10 |
| 52-week high | ₹945 |
| 52-week low | ₹725 |
| ISIN | — |
| Dividend yield | — |
Financials (₹ Cr)
| Metric | FY23 | FY24 | FY25 |
|---|---|---|---|
| Revenue | 116 | 120 | 254 |
| PAT | 12.3 | 18.5 | 19.8 |
| EPS (₹) | — | 8.72 | 5.79 |
About the company
Hindon Mercantile Limited is a Delhi-based Non-Banking Financial Company (NBFC) registered with the Reserve Bank of India. Incorporated in 1985 and headquartered in New Delhi, the company operates a retail-focused lending platform that serves individuals, the MSME segment, and customers across semi-urban and underserved markets.
Prices shown are indicative and dated. Unlisted shares are illiquid and values can move sharply.
Registry
- ISIN: —
- Depository: NSDL & CDSL
- Listed at: Unlisted
- Price as of: 18 Oct 2026
Company facts
| CIN | U34300DL1985PLC021785 |
|---|---|
| Incorporated | 1985 |
| ISIN | INE08GI01012 |
| Face value | ₹10 |
| Registered office | 201-202, 2nd Floor, Best Sky Tower, Plot No. F-5, Netaji Subhash Place, Pitampura, New Delhi 110034 |
| Shares outstanding | 2,23,34,317 |
| Lot size | 31 shares |
| Minimum units | 15 |
| DRHP | Not filed |
Financial statements (₹ Cr)
| Metric | FY23 | FY24 | FY25 | FY25 vs FY24 |
|---|---|---|---|---|
| Revenue | 115.56 | 120.38 | 253.78 | +110.8% |
| Profit after tax | 12.32 | 18.51 | 19.78 | +6.9% |
| EPS (₹) | — | 8.72 | 5.79 | −33.6% |
| Net margin | — | 15.4% | 7.8% | −7.6 pts |
| Share capital | — | 14.79 | 22.26 | +50.5% |
| Reserves & surplus | — | 150.67 | 386.54 | +156.5% |
| Net worth | — | 165.46 | 408.8 | +147.1% |
| Fixed assets | — | 0.64 | 1.45 | — |
| Investments | — | 5.65 | 187.3 | ×33.2 |
| Trade receivables | — | 0.84 | 13 | — |
| Trade payables | — | — | 1.62 | — |
| Cash from operations | — | −402.45 | −428.75 | −6.5% |
| Cash from investing | — | −14.69 | −189.49 | ×12.9 |
| Cash from financing | — | 484.69 | 642.84 | +32.6% |
| Net cash generated | — | 67.56 | 24.61 | −63.6% |
Key ratios and valuation
| Measure | Value | Basis |
|---|---|---|
| Indicative price | ₹795 | dealer reference, 18 Oct 2026 |
| Market cap | ₹1,775.58 Cr | price × 2,23,34,317 shares |
| P/E | 137.31x | price ÷ EPS ₹5.79 (FY25) |
| P/B | 4.34x | price ÷ book value ₹183.04 |
| EPS | ₹5.79 | per share, FY25 |
| Book value | ₹183.04 | per share, latest books |
| RoE | 8.29% | return on equity, latest FY |
| Debt / equity | 2.54 | latest balance sheet |
| Dividend yield | — | |
| Face value | ₹10 | per share |
| 52-week range | ₹725 – ₹945 | 317 dated quotes, last 12 months |
| Shares outstanding | 2,23,34,317 | per company record |
Shareholding pattern
| Category | Holder | % of equity |
|---|---|---|
| Promoters | Founders / Promoters | 40.47% |
| Others | Enterprises (Bodies Corporate) | 22.81% |
| Public | Angel Investors | 14.94% |
| Public | Other Public | 12.94% |
| Others | Other Investors | 5.91% |
| Institutions | Funds | 2.91% |
Promoters 40.47% · Institutions 2.91% · Public 27.88% · Others 28.72%
Management and promoters
| Name | Designation | Experience |
|---|---|---|
| Kapil Garg | Managing Director | — |
| Luv Khanna | Director | — |
| Pradip Kumar Kar | Director | — |
| Hemant Bhageria | Director | — |
| Amol Sinha | Independent Director | — |
Business model
Hindon Mercantile Limited operates a prepaid-payment-instrument business under a PPI permit. Its issuer annual-report page describes its Mufinpay product suite as including gift vouchers/cards, prepaid reloadable cards, a mobile-wallet application and personalised solutions. The offering is therefore organised around prepaid and stored-value payment products delivered in several formats: vouchers/cards for defined use, reloadable cards for repeated use and a mobile application for digital access.
The disclosure positions the services within a digital-payment platform, while referring users to Mufinpay for the product offering. The company’s page does not provide customer counts, transaction volumes, revenue mix, geographical coverage, merchant network or a detailed product economics breakdown. Those details are not inferred here. This profile is confined to the PPI permit and the products expressly listed by the issuer.
Reports and filings
No filings uploaded yet.
Annual reports
- Hindon Mercantile Limited annual report 2023-24 (PDF)
- Hindon Mercantile Limited annual report 2022-23 (PDF)
- Hindon Mercantile Limited annual report 2021-22 (PDF)
- Hindon Mercantile Limited annual report 2020-21 (PDF)
Frequently asked questions
What does Hindon Mercantile Limited do?
Hindon Mercantile Limited is a Delhi-based, RBI-registered Non-Banking Financial Company (NBFC). It offers a range of retail and MSME lending products, including personal loans, business loans, loan against property, equipment and supply chain finance, and two-wheeler loans, with a notable focus on electric-vehicle and green-energy financing pursued partly through its group interest in Mufin Green Finance.
Is Hindon Mercantile Limited listed on the stock exchange, and how can its unlisted shares be purchased?
No. Hindon Mercantile Limited is currently an unlisted public limited company and is not traded on the NSE or BSE main board. Its shares trade in the unlisted market on an indicative basis. Unlisted shares are typically bought through a dealer or platform that facilitates off-market transfers into your demat account, subject to KYC, availability, and settlement terms.
What determines the indicative price of Hindon Mercantile unlisted shares?
The indicative price in the unlisted market reflects buyer and seller demand and supply, the company's reported financials and AUM growth, sector sentiment toward NBFCs and green finance, comparable valuations, and overall liquidity. Because unlisted shares trade off-market, quotes can vary between sources and over time and should be treated as indicative data rather than an official exchange price.
What are the key fundamentals of Hindon Mercantile Limited?
Hindon Mercantile Limited was incorporated in 1985 and is registered in New Delhi (CIN U34300DL1985PLC021785), with ISIN INE08GI01012 and a face value of ₹10 per share. It operates as an NBFC and has reported assets under management growing from roughly ₹676 crore in FY24 to over ₹1,000 crore in FY25. Figures are sourced from public records and unlisted-market data and may change; verify against the latest filings.
What is the Hindon Mercantile Limited unlisted share price today?
The indicative over-the-counter reference price is ₹795 per share as of 18 Oct 2026. It is a dated dealer reference, refreshed every working day.
Is Hindon Mercantile Limited listed on a stock exchange?
Not yet. Hindon Mercantile Limited changes hands in the unlisted market, over the counter and settle into your demat account through NSDL and CDSL.
What is the minimum investment in Hindon Mercantile Limited?
The minimum ticket is ₹25,000, the same for every company on the site.
What is the ISIN of Hindon Mercantile Limited?
—. Holdings are settled in demat form through NSDL and CDSL.
How do I buy Hindon Mercantile Limited unlisted shares?
Send an enquiry with the quantity you have in mind. The desk replies with a dated quote, the paperwork list and the demat steps, and the shares settle demat to demat into your own account.
Is there a lock-in if Hindon Mercantile Limited lists?
Pre-IPO shareholders other than promoters are generally locked in for six months from the date of IPO allotment under SEBI ICDR regulation 17. The final offer document sets the exact terms.
Sources
- Hindon Mercantile Limited annual report 2023-24 · FY 2023-24 · hindon.co
- Hindon Mercantile Limited annual report 2022-23 · FY 2022-23 · hindon.co
- Hindon Mercantile Limited annual report 2021-22 · FY 2021-22 · hindon.co
- Hindon Mercantile Limited annual report 2020-21 · FY 2020-21 · hindon.co
- BuyUnlistedShares indicative price series for Hindon Mercantile Limited, dated daily · since 15 Sep 2025 (342 dated quotes) · buyunlistedshares.com
How to cite this page: BuyUnlistedShares, “Hindon Mercantile Limited unlisted share price”, https://buyunlistedshares.com/unlisted-shares/hindon-mercantile-limited, as of 19 Oct 2026.
Other Financials unlisted shares
- ASK Investment Managers Limited · ₹785
- Ambadi Investments Limited (murugappa) · ₹17,500
- Arohan Financial · ₹228
- Berar Finance Limited · ₹485
- Bharat Nidhi · ₹13,400
- Camac Commercial Company Limited · ₹35,000
Enquire to buy Hindon Mercantile Limited · Sell a holding
Indicative reference price, dated. BuyUnlistedShares is India's premium unlisted shares desk, run by Gayatri Financial Synergy LLP. In the market since 2002. Data as of 19 Oct 2026.
Before you buy: guides
- How to evaluate an unlisted company before investing
- How Unlisted Share Prices Are Discovered When There Is No Live Order Book
- The risks of buying unlisted and pre-IPO shares in India
- Unlisted Shares Lock-In Period: What Every Investor Must Know (2026)
- Can an NRI invest in unlisted shares in India?
All unlisted shares · IPO calendar · Research & learning · Send an enquiry · Calculators · Jobs · About · Contact · Privacy · Terms · Disclaimer · Grievance redressal
Guides: Start investing · Evaluate a company · How prices are set · Risks · Lock-in periods · After the IPO · Sell ESOPs · NRI investors · Buybacks · Choosing a platform
BuyUnlistedShares (BUS) · Gayatri Financial Synergy LLP (LLPIN ACU-4678) · SCO-39, 1st Floor, HUDA Market, Sector-7, Faridabad, Haryana 121006 · +91 916-916-59-59
