Honeywell Electrical Devices And Systems India Ltd. (Rays Future) Unlisted Share Price
As of , the indicative unlisted share price of Honeywell Electrical Devices And Systems India Ltd. (Rays Future) is ₹8,500 per share. This is an over-the-counter reference price, not a stock-exchange quote.
As of , Honeywell Electrical Devices And Systems India Ltd. (Rays Future) 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 | ₹8,500 |
|---|---|
| Market cap | ₹809 Cr |
| Min. investment | ₹42,500 |
| Lot size | 5 |
| P/E ratio | 89.88 |
| P/B ratio | 5.84 |
What is Honeywell Electrical Devices And Systems India Ltd. (Rays Future)?
Honeywell Electrical Devices And Systems India Ltd. (Rays Future) is an unlisted Industrials company whose shares trade in India's over-the-counter (pre-IPO) market and settle in demat form (NSDL/CDSL).
Honeywell Electrical Devices and Systems India Limited (HEDSIL) is an unlisted public company incorporated in 1984 with its registered office in Chennai, Tamil Nadu. The company manufactures and trades electrical devices and control systems, with a product portfolio spanning wiring devices, cable management, lighting management systems and circuit protection. It operates manufacturing facilities in Chennai and Dehradun (Hopetown), maintains a dealer network across multiple Indian cities, and exports selected products. In recent years HEDSIL has refreshed its affordable and mid-segment ranges through its Impact product line and addressed the premium segment through the Blenze Pro range. The company is majority-owned by Novar ED&S Limited, U.K., which holds roughly 91% of its equity, placing it within the broader Honeywell International group. As a share traded in the unlisted market, HEDSIL carries higher risk and materially lower liquidity than listed securities, and valuations may move with limited transparency. This page presents factual information only and does not constitute investment advice.
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Frequently asked questions
No. As of 16 July 2026, Honeywell Electrical Devices And Systems India Ltd. (Rays Future) 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 5 share(s); at the indicative price of about ₹8,500, that is approximately ₹42,500. Indicative reference, not a quote.
As of 16 July 2026, the indicative unlisted share price of Honeywell Electrical Devices And Systems India Ltd. (Rays Future) is ₹8,500 per share. This is an over-the-counter reference price, not a stock-exchange quote.
The ISIN of Honeywell Electrical Devices And Systems India Ltd. (Rays Future) is INE848Y01014. 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.
HEDSIL, incorporated in 1984 and headquartered in Chennai, manufactures and trades electrical devices and control systems. Its portfolio includes wiring devices, cable management, lighting management systems and circuit protection, supported by manufacturing operations in Chennai and Dehradun.
No. The company is currently unlisted and has not completed an IPO on the NSE or BSE. Its shares trade in the private, unlisted market and it is majority-owned by Novar ED&S Limited, U.K.
Unlisted shares are transacted privately and settled into your demat account. To understand availability, current indicative pricing and the process, you can contact the Unlisted Axis team. This is general information only and not investment advice.
Unlisted and pre-IPO shares carry higher risk and lower liquidity than listed securities. There is no certainty of a future listing, exit timelines can be uncertain, prices may move with limited transparency, and the value of an investment can fall. Assess your own risk profile 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.
Honeywell Electrical Devices And Systems India Ltd. (Rays Future) vs similar unlisted Industrials shares
Indicative over-the-counter prices, as of 16 July 2026. Information only — not a recommendation or ranking.