Madhur Iron and Steel (India) Unlisted Share Price
Madhur Iron and Steel (India) unlisted share price is ₹152 per share (indicative, as of 17 Oct 2026). Minimum ticket ₹25,000 (lot of 175 shares), the same for every company. Sector: IT & Industrials. Status: DRHP filed with SEBI, IPO awaited.
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; Madhur Iron and Steel (India)’s indicative price is ₹152 per share as of 17 Oct 2026, a lot of 175 shares.
Key facts
- Indicative price
- ₹152 per share
- Price as of
- 17 Oct 2026
- Minimum investment
- ₹25,000
- Lot size
- 175 shares
- Sector
- IT & Industrials
- DRHP
- Filed with SEBI on 23 Jan 2026
- 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 INE0TO301014: the shares sit in your own demat account and move demat to demat through NSDL or CDSL.
- IPO status
- DRHP filed with SEBI on 23 Jan 2026; the IPO has not opened yet.
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: +28.8% over 3 months · +10.1% over 1 year.
Key figures
| Market cap | ₹351 Cr |
|---|---|
| Minimum investment | ₹25,000 |
| Lot size | 175 |
| P/E ratio | — |
| ROE | 19.5% |
| Book value | ₹35.22 |
| Face value | ₹10 |
| 52-week high | ₹152 |
| 52-week low | ₹118 |
| ISIN | INE0TO301014 |
| Dividend yield | — |
Financials (₹ Cr)
| Metric | FY23 | FY24 | FY25 |
|---|---|---|---|
| Revenue | 151 | 239 | 340 |
| PAT | — | 12.2 | 18.5 |
| EPS (₹) | — | 21.0 | 13.7 |
About the company
Madhur Iron and Steel (India) is a Chhattisgarh-based structural steel manufacturer incorporated in 2012 and headquartered in Bhilai, one of central India's principal steel-making hubs. The company operates a business-to-business, order-driven model, producing structural steel products such as angles, channels, flats and rods that serve as core inputs for power transmission, construction, bridges…
Prices shown are indicative and dated. Unlisted shares are illiquid and values can move sharply.
Registered in Chhattisgarh.
Registry
- ISIN: INE0TO301014
- Depository: NSDL & CDSL
- Listed at: Unlisted
- Price as of: 17 Oct 2026
Company facts
| CIN | U51101CT2012PTC000189 |
|---|---|
| Incorporated | 2012 |
| ISIN | INE0TO301014 |
| Face value | ₹10 |
| Registered office | 21/a Light Industrial Area Bhilai Durg, Bhilai, Chhattisgarh 490026, India |
| Lot size | 175 shares |
| Minimum units | 70 |
| DRHP | Filed · 23 Jan 2026 |
Financial statements (₹ Cr)
| Metric | FY23 | FY24 | FY25 | FY26 | FY26 vs FY25 |
|---|---|---|---|---|---|
| Revenue | 151.05 | 239.38 | 340.36 | 444 | +30.5% |
| EBITDA | 13 | 24 | 35 | 52.7 | +50.6% |
| Profit before tax | 9 | 17 | 25 | 32.4 | +29.6% |
| Profit after tax | 6 | 12.25 | 18.52 | 23.87 | +28.9% |
| EPS (₹) | 10.29 | 20.98 | 13.7 | 8.02 | −41.5% |
| Operating margin | — | — | 10% | — | — |
| Net margin | — | 7.2% | 7.4% | — | — |
| Share capital | — | 6.62 | 14.89 | — | — |
| Reserves & surplus | — | 36.29 | 79.63 | — | — |
| Net worth | — | 42.91 | 94.52 | — | — |
| Fixed assets | — | 14.4 | 17.75 | — | — |
| Trade receivables | — | 1.8 | 41.93 | — | — |
| Trade payables | — | 21.46 | 52.73 | — | — |
| Cash from operations | — | −20.91 | −44 | — | — |
| Cash from investing | — | −13.19 | −8.01 | — | — |
| Cash from financing | — | 34.09 | 52.7 | — | — |
| Net cash generated | — | 0.01 | 0.7 | — | — |
Key ratios and valuation
| Measure | Value | Basis |
|---|---|---|
| Indicative price | ₹152 | dealer reference, 17 Oct 2026 |
| Market cap | ₹351 Cr | as recorded |
| P/E | — | |
| P/B | 4.32x | price ÷ book value ₹35.22 |
| EPS | — | |
| Book value | ₹35.22 | per share, latest books |
| RoE | 19.5% | return on equity, latest FY |
| Debt / equity | 1.53 | latest balance sheet |
| Dividend yield | — | |
| Face value | ₹10 | per share |
| 52-week range | ₹118 – ₹152 | 317 dated quotes, last 12 months |
| Shares outstanding | — | not meaningful |
Shareholding pattern
| Category | Holder | % of equity |
|---|---|---|
| Promoters | Promoters | 73.89% |
| Public | Public | 26.11% |
Promoters 73.89% · Public 26.11%
Management and promoters
| Name | Designation | Experience |
|---|---|---|
| Virendra Kumar Agarwal | Founder / Promoter | — |
| Jayant Agrawal | Managing Director | — |
| Gopal Krishna Agrawal | Director | — |
| Shikha Jain | Director | — |
| Roopa Garg | Director | — |
| Rajesh Modh | Director | — |
| Prashant Samantrai | Director | — |
| Prateek Sethi | Chief Financial Officer (cfo) | — |
| Umang Agarwal | Production & Business Development | — |
Business model
Madhur Iron & Steel (India) Limited manufactures hot re-rolled structural steel products, principally angles, channels, MS sections, flats and rods. It uses a Bhilai manufacturing unit for trading and rolling operations; the unit is also the registered office. Products are sold in a business-to-business model to industrial consumers and traders, with management assessing customer requirements and offering product specifications, commercial terms and delivery schedules. Raw materials include iron ore, billets, blooms, ingots and coal, sourced from public-sector and private-sector suppliers.
The company makes structural steel products for sectors such as power infrastructure, construction, railways, telecom and engineering; its revenue from operations comprises sales of structural-steel products and engineered products, including transmission-line towers. It plans a proposed fabrication unit for engineered steel products and a separate capacity-expansion unit for re-rolled structural steel.
Corporate actions and events
| Date | Type | Detail | Ratio / amount | Source |
|---|---|---|---|---|
| Undated | Other | GLEIF records completed change-of-legal-name and change-of-legal-form events for Madhur Iron & Steel (India) Limited. (25 Jul 2024) | — | Source |
Reports and filings
No filings uploaded yet.
Annual reports
- Madhur Iron and Steel (India) annual report 2024-25 (PDF)
- Madhur Iron and Steel (India) annual report 2024-25 (PDF)
- Madhur Iron and Steel (India) annual report 2024-25 (PDF)
Frequently asked questions
What does Madhur Iron and Steel (India) do?
Madhur Iron and Steel (India) is a Bhilai, Chhattisgarh-based structural steel manufacturer incorporated in 2012. It produces structural steel products such as angles, channels, flats and rods used in power transmission, construction, bridges and infrastructure, operating largely on a business-to-business, order-based model serving institutional and industrial customers.
Is Madhur Iron and Steel listed on the NSE or BSE, and how are its unlisted shares traded?
No. Madhur Iron and Steel is not listed on the NSE or BSE main board. The company filed a draft prospectus with SEBI in January 2026 toward a public issue but withdrew it in March 2026, so the shares remain unlisted. Unlisted shares are generally transacted off-market between buyers and sellers and settled into a demat account; this is descriptive information only and not a recommendation to transact.
What determines the indicative price of Madhur Iron and Steel unlisted shares?
The indicative price reflects negotiated quotes in the private, off-market unlisted segment rather than a continuous exchange order book. It is influenced by factors such as buyer-seller demand and supply, available financial disclosures, sector sentiment around steel and infrastructure, share liquidity and overall market conditions. Because the market is less liquid and not exchange-regulated, indicative prices can move and differ across sources.
What are the key fundamentals of Madhur Iron and Steel (India)?
Per available market data, the company carries CIN U51101CT2012PTC000189 and ISIN INE0TO301014, with a face value of ₹10 per share and roughly 2.98 crore equity shares outstanding. It was incorporated in 2012 and is headquartered in Bhilai, Chhattisgarh, with manufacturing capacity reported to have grown to around 35,000 metric tonnes per annum. These figures are for information only and should be independently verified.
What is the Madhur Iron and Steel (India) unlisted share price today?
The indicative over-the-counter reference price is ₹152 per share as of 17 Oct 2026. It is a dated dealer reference, refreshed every working day.
Is Madhur Iron and Steel (India) listed on a stock exchange?
Not yet. The company has an IPO in progress: DRHP filed. Until listing, shares change hands over the counter and settle into your demat account.
What is the minimum investment in Madhur Iron and Steel (India)?
The minimum ticket is ₹25,000, the same for every company on the site.
What is the ISIN of Madhur Iron and Steel (India)?
INE0TO301014. Holdings are settled in demat form through NSDL and CDSL.
How do I buy Madhur Iron and Steel (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 Madhur Iron and Steel (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
- Madhur Iron and Steel (India) annual report 2024-25 · FY 2024-25 · madhurironandsteel.com
- Madhur Iron and Steel (India) annual report 2024-25 · FY 2024-25 · madhurironandsteel.com
- Madhur Iron and Steel (India) annual report 2024-25 · FY 2024-25 · madhurironandsteel.com
- Other: GLEIF records completed change-of-legal-name and change-of-legal-form events for Madhur Iron & Steel (India) Limited. (25 Jul 2024) · api.gleif.org
- Draft offer document on record · 23 Jan 2026 · nsearchives.nseindia.com
- BuyUnlistedShares indicative price series for Madhur Iron and Steel (India), dated daily · since 25 Sep 2025 (333 dated quotes) · buyunlistedshares.com
How to cite this page: BuyUnlistedShares, “Madhur Iron and Steel (India) unlisted share price”, https://buyunlistedshares.com/unlisted-shares/madhur-iron-and-steel, 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.
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- How to evaluate an unlisted company before investing
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- The risks of buying unlisted and pre-IPO shares in India
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