Hindustan Power Exchange Limited (HPX India) Unlisted Share Price
Hindustan Power Exchange Limited (HPX India) unlisted share price is ₹24 per share (indicative, as of 17 Oct 2026). Minimum ticket ₹25,000 (lot of 1045 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 17 Oct 2026, 22:10 IST. Dated dealer references.
BuyUnlistedShares tracks 230 unlisted companies with dated prices; Hindustan Power Exchange Limited (HPX India)’s indicative price is ₹24 per share as of 17 Oct 2026, a lot of 1045 shares.
Key facts
- Indicative price
- ₹24 per share
- Price as of
- 17 Oct 2026
- Minimum investment
- ₹25,000
- Lot size
- 1,045 shares
- Sector
- Financials
- Listing status
- Unlisted
- Settlement
- Demat to demat; terms agreed in writing for each deal
- Last updated
- 17 Oct 2026, 22:10 IST
Indicative and dated. BuyUnlistedShares deals as principal.
Buying at a glance
- Minimum ticket
- ₹25,000
- Price shown
- Indicative, dated 17 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.
- Demat
- Yes. ISIN INE07WD01012: the shares sit in your own demat account and move demat to demat through NSDL or CDSL.
- 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: -4.0% over 3 months · -29.4% over 1 year.
Key figures
| Market cap | ₹1,547 Cr |
|---|---|
| Minimum investment | ₹25,000 |
| Lot size | 1045 |
| P/E ratio | 300x |
| ROE | 17.22% |
| Book value | ₹1.22 |
| Face value | ₹1 |
| 52-week high | ₹34 |
| 52-week low | ₹24 |
| ISIN | INE07WD01012 |
| Dividend yield | 0% |
Financials (₹ Cr)
| Metric | FY23 | FY24 | FY25 |
|---|---|---|---|
| Revenue | 15.5 | 36.4 | 31.4 |
| PAT | -10.0 | 14.9 | 10.7 |
| EPS (₹) | -0.18 | 0.27 | 0.19 |
About the company
Hindustan Power Exchange Limited, widely known as HPX India, operates a licensed electronic power exchange that brings buyers and sellers of electricity together on a single automated trading platform.
Prices shown are indicative and dated. Unlisted shares are illiquid and values can move sharply.
Registered in Mumbai, Maharashtra.
Registry
- ISIN: INE07WD01012
- Depository: NSDL & CDSL
- Listed at: Unlisted
- Price as of: 17 Oct 2026
Company facts
| CIN | U74999MH2018PLC308448 |
|---|---|
| Incorporated | 2018 |
| ISIN | INE07WD01012 |
| Face value | ₹1 |
| Registered office | 25th Floor, P. J. Towers, Dalal Street, Fort, Mumbai 400001, Maharashtra, India |
| Lot size | 1045 shares |
| Minimum units | 420 |
| DRHP | Not filed |
Financial statements (₹ Cr)
| Metric | FY22 | FY23 | FY24 | FY25 | FY26 | FY26 vs FY25 |
|---|---|---|---|---|---|---|
| Revenue | 2.3 | 15.5 | 36.4 | 31.44 | 38.3 | +21.8% |
| EBITDA | — | −5.5 | 14.6 | 7.5 | 0.36 | −95.2% |
| Profit before tax | — | −10 | 17 | 13.4 | 6.24 | −53.4% |
| Profit after tax | −3.1 | −10 | 14.93 | 10.66 | 4.6 | −56.8% |
| EPS (₹) | −0.06 | −0.18 | 0.27 | 0.19 | 0.08 | — |
| Operating margin | — | −35.5% | 40.2% | 41.5% | — | — |
| Net margin | — | −64.5% | 41% | 33.9% | — | — |
| Share capital | — | 55.25 | 55.25 | — | — | — |
| Reserves & surplus | — | −14 | 1.3 | — | — | — |
| Net worth | — | 41.25 | 56.55 | — | — | — |
| Fixed assets | — | 15.3 | 11 | — | — | — |
| Trade receivables | — | 2.4 | 1.5 | — | — | — |
Key ratios and valuation
| Measure | Value | Basis |
|---|---|---|
| Indicative price | ₹24 | dealer reference, 17 Oct 2026 |
| Market cap | ₹1,547 Cr | as recorded |
| P/E | 300x | price ÷ EPS ₹0.08 (FY26) |
| P/B | 19.67x | price ÷ book value ₹1.22 |
| EPS | ₹0.08 | per share, FY26 |
| Book value | ₹1.22 | per share, latest books |
| RoE | 17.22% | return on equity, latest FY |
| Debt / equity | 0 | latest balance sheet |
| Dividend yield | 0% | at the indicative price |
| Face value | ₹1 | per share |
| 52-week range | ₹24 – ₹34 | 317 dated quotes, last 12 months |
| Shares outstanding | — | not meaningful |
Shareholding pattern
| Category | Holder | % of equity |
|---|---|---|
| Promoters | Promoters (PTC India 22.62%, BSE Investments 22.62%, Icici Bank 9.04%) | 54.29% |
| Public | Public & Other Bodies Corporate / HNIs | 45.71% |
Promoters 54.29% · Public 45.71%
Management and promoters
| Name | Designation | Experience |
|---|---|---|
| Harish Saran | Managing Director & CEO | — |
| Amit Ghai | Chief Financial Officer (cfo) | — |
| Niraj Nabh Kumar | Director | — |
| Deepak Goel | Nominee Director (bse) | — |
| Vishnu Kant | Nominee Director (icici Bank) | — |
| Bikram Singh Guram | Nominee Director (PTC India) | — |
Business model
Hindustan Power Exchange Limited operates a CERC-licensed power exchange. Its core activity is to provide the automated platform and infrastructure used for trading electricity units for physical delivery and Renewable Energy Certificates (RECs). The company’s annual report describes spot trading in power/electricity and REC trading as its licensed activities. The platform serves members and other eligible market participants that transact under the exchange’s rules, with the company supplying the exchange venue and operating infrastructure.
Its report records approvals during FY2023-24 for ancillary services in the day-ahead and real-time markets, and for high-price day-ahead, term-ahead and contingency contracts. Those approvals identify the regulated market products covered in the company’s business during the year. The financial statements separately report revenue from operations, investment income and other income, while the report identifies technology, service offerings and member-client growth as elements of its operating plan.
Corporate actions and events
| Date | Type | Detail | Ratio / amount | Source |
|---|---|---|---|---|
| Undated | Egm | An 8th EGM notice was issued proposing Harish Saran’s appointment as Managing Director; the meeting was scheduled for 2 June 2025. (11 May 2025) | — | Desk note |
Reports and filings
No filings uploaded yet.
Annual reports
- Hindustan Power Exchange Limited (HPX India) annual report 2023-24 (PDF)
- Hindustan Power Exchange Limited (HPX India) annual report 2022-23 (PDF)
- Hindustan Power Exchange Limited (HPX India) annual report 2021-22 (PDF)
Frequently asked questions
What does Hindustan Power Exchange Limited (HPX India) do?
HPX India operates a licensed electronic power exchange where buyers and sellers trade electricity through an automated platform. It runs day-ahead, term-ahead, and real-time market segments along with renewable energy certificates, with physical delivery of power across India. The company was incorporated in 2018 and began live operations in July 2022, promoted by PTC India, BSE Investments, and ICICI Bank.
Is Hindustan Power Exchange listed, and how can its unlisted shares be bought?
No. HPX India is currently an unlisted, pre-IPO company and is not traded on the NSE or BSE main board. Transfers happen demat-to-demat through NSDL/CDSL depository participants. Such transfers typically involve KYC verification and settlement into the buyer's demat account, and the indicative price is negotiated between parties rather than set by a live exchange order book.
What determines the indicative price of HPX India unlisted shares?
Because the shares do not trade on a public exchange, the indicative price reflects negotiated off-market deals and depends on factors such as available supply from existing holders, buyer demand, the company's reported financial performance, traded-volume trends on the exchange, and overall sentiment toward the power-trading sector. Transfers happen demat-to-demat through NSDL/CDSL depository participants.
What are the key fundamentals of Hindustan Power Exchange Limited?
HPX India has CIN U74999MH2018PLC308448 and ISIN INE07WD01012, with a face value of ₹1 per share and its registered office in Mumbai, Maharashtra. It was incorporated in 2018. Its promoter group comprises PTC India Limited, BSE Investments Limited, and ICICI Bank Limited. The company operates on a relatively small revenue base with reported profitability and healthy operating margins. These details are for information only and do not constitute investment advice.
What is the Hindustan Power Exchange Limited (HPX India) unlisted share price today?
The indicative over-the-counter reference price is ₹24 per share as of 17 Oct 2026. It is a dated dealer reference, refreshed every working day.
Is Hindustan Power Exchange Limited (HPX India) listed on a stock exchange?
Not yet. Hindustan Power Exchange Limited (HPX India) 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 Hindustan Power Exchange Limited (HPX India)?
The minimum ticket is ₹25,000, the same for every company on the site.
What is the ISIN of Hindustan Power Exchange Limited (HPX India)?
INE07WD01012. Holdings are settled in demat form through NSDL and CDSL.
How do I buy Hindustan Power Exchange Limited (HPX India) 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 Hindustan Power Exchange Limited (HPX India) 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
- Hindustan Power Exchange Limited (HPX India) annual report 2023-24 · FY 2023-24 · hpxindia.com
- Hindustan Power Exchange Limited (HPX India) annual report 2022-23 · FY 2022-23 · hpxindia.com
- Hindustan Power Exchange Limited (HPX India) annual report 2021-22 · FY 2021-22 · hpxindia.com
- BuyUnlistedShares indicative price series for Hindustan Power Exchange Limited (HPX India), dated daily · since 12 Sep 2025 (343 dated quotes) · buyunlistedshares.com
How to cite this page: BuyUnlistedShares, “Hindustan Power Exchange Limited (HPX India) unlisted share price”, https://buyunlistedshares.com/unlisted-shares/hindustan-power-exchange-limited, as of 17 Oct 2026.
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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 17 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)
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