Hira Ferro Alloys Ltd. (HFAL) Unlisted Share Price
As of , the indicative unlisted share price of Hira Ferro Alloys Ltd. (HFAL) is ₹170 per share. This is an over-the-counter reference price, not a stock-exchange quote.
As of , Hira Ferro Alloys Ltd. (HFAL) is not listed on any Indian stock exchange (NSE or BSE) — its shares trade in the unlisted, over-the-counter (pre-IPO) market.
| Price / unit | ₹170 |
|---|---|
| Market cap | ₹370 Cr |
| Min. investment | ₹10,200 |
| Lot size | 60 |
| P/E ratio | 19.69 |
| P/B ratio | 0.52 |
What is Hira Ferro Alloys Ltd. (HFAL)?
Hira Ferro Alloys Ltd. (HFAL) is an unlisted Metals & Mining company whose shares trade in India's over-the-counter (pre-IPO) market and settle in demat form (NSDL/CDSL).
Hira Ferro Alloys Ltd. (HFAL) is an Indian manufacturer of ferro alloys, part of the Hira Group of industries and a subsidiary of the listed Godawari Power & Ispat Limited. Incorporated in 1984 and based in the Urla Industrial Area of Raipur, Chhattisgarh, the company produces manganese-based ferro alloys used in steel making and refining, and also runs captive power generation drawing on thermal, biomass and wind sources. Its operations further extend to briquettes and fly-ash bricks. HFAL is tracked in the unlisted market because its equity shares are held in dematerialised form and change hands off-market, while the company itself is not listed on the NSE or BSE. This gives interested investors exposure to a ferro-alloys producer connected to a listed parent. As with all unlisted and pre-IPO shares, HFAL stock carries higher risk and lower liquidity than listed securities, and there is no assurance of any future listing. The information here is provided for general reference only.
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Frequently asked questions
No. As of 16 July 2026, Hira Ferro Alloys Ltd. (HFAL) is an unlisted company whose shares trade over-the-counter; it would list only if and when it completes an IPO.
The minimum lot is 60 share(s); at the indicative price of about ₹170, that is approximately ₹10,200. Indicative reference, not a quote.
As of 16 July 2026, the indicative unlisted share price of Hira Ferro Alloys Ltd. (HFAL) is ₹170 per share. This is an over-the-counter reference price, not a stock-exchange quote.
The ISIN of Hira Ferro Alloys Ltd. (HFAL) is INE573I01011. An ISIN is the unique 12-character code that identifies a company's shares in the depository system; this one is verified against NSDL (the National Numbering Agency). You need it to hold or transfer these unlisted shares in your NSDL or CDSL demat account.
Hira Ferro Alloys Ltd. is a Raipur, Chhattisgarh based manufacturer of manganese-based ferro alloys used in steel making and refining. Part of the Hira Group, it also operates captive power generation across thermal, biomass and wind sources and produces briquettes and fly-ash bricks. It is a subsidiary of Godawari Power & Ispat Limited.
No. HFAL is currently an unlisted company and its shares are not traded on the NSE or BSE. The shares are held in dematerialised form and change hands in the off-market (unlisted) segment. Its parent, Godawari Power & Ispat Limited, is listed, but HFAL itself has not completed an IPO.
Unlisted shares are transacted off-market and settled into your demat account. To understand current availability, indicative pricing and the transfer process for HFAL shares, you can contact the Unlisted Axis team, who can explain the documentation and settlement steps. This is general information, not investment advice.
Unlisted and pre-IPO shares such as HFAL carry higher risk and lower liquidity than listed stocks. Prices are indicative and can be volatile, there is no assured exit or assurance of a future listing, and financial disclosures may be less frequent. Investors should weigh these factors and their own risk tolerance carefully.
They can. If the company declares a dividend, unlisted shareholders are eligible like any other shareholder. Many unlisted firms reinvest profits, so dividends are not guaranteed.
After listing, unlisted shares convert into regular listed shares in your demat account and can be traded on the exchange, usually once any applicable SEBI lock-in period ends.
Unlisted shares are less liquid than listed shares. You can sell when a buyer is available through an off-market transfer; there is no continuous exchange market, so exits can take longer.
Unlisted shares carry higher risk and lower liquidity than listed shares, with fewer disclosures and no live market price. This is general information, not investment advice — assess suitability before investing.
An unlisted share price is an indicative, over-the-counter reference set by demand and supply in private deals between buyers and sellers. There is no live exchange quote, so prices can vary across dealers and over time.
Yes. Unlisted shares are delivered in dematerialised form, so you need an active demat account (NSDL or CDSL). No special account type is required — a regular demat account works.
Unlisted shares are sold through an off-market transfer to a buyer via a registered intermediary, settling from your demat account with a contract note. Liquidity depends on buyer availability, so exits can take longer than listed shares.
Hira Ferro Alloys Ltd. (HFAL) vs similar unlisted Metals & Mining shares
Indicative over-the-counter prices, as of 16 July 2026. Information only — not a recommendation or ranking.