Midland Micro Finance Limited Unlisted Share Price
Midland Micro Finance Limited unlisted share price is ₹195 per share (indicative, as of 18 Oct 2026). Minimum ticket ₹25,000 (lot of 130 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; Midland Micro Finance Limited’s indicative price is ₹195 per share as of 19 Oct 2026, a lot of 130 shares.
Key facts
- Indicative price
- ₹195 per share
- Price as of
- 18 Oct 2026
- Minimum investment
- ₹25,000
- Lot size
- 130 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.
- Demat
- Yes. ISIN INE884Q01015: 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 quote unchanged since 15 Sep 2025 (779 dated quotes); no price movement to chart yet.
Key figures
| Market cap | ₹1,021 Cr |
|---|---|
| Minimum investment | ₹25,000 |
| Lot size | 130 |
| P/E ratio | 38.24x |
| ROE | 14.77% |
| Book value | ₹95.01 |
| Face value | ₹10 |
| 52-week high | ₹195 |
| 52-week low | ₹195 |
| ISIN | INE884Q01015 |
| Dividend yield | — |
Financials (₹ Cr)
| Metric | FY23 | FY24 | FY25 |
|---|---|---|---|
| Revenue | 354 | 531 | 636 |
| PAT | 46.8 | 72.2 | 26.7 |
| EPS (₹) | 10.3 | 15.5 | 5.10 |
About the company
Midland Microfin Limited (sometimes referenced as Midland Micro Finance Limited) is a non-banking financial company classified by the Reserve Bank of India as an NBFC-MFI (microfinance institution). Headquartered in Jalandhar, it is widely described as the first Punjab-based microfinance institution, with microfinance operations established in 2011.
Prices shown are indicative and dated. Unlisted shares are illiquid and values can move sharply.
Registered in Jalandhar, Punjab.
Registry
- ISIN: INE884Q01015
- Depository: NSDL & CDSL
- Listed at: Unlisted
- Price as of: 18 Oct 2026
Company facts
| CIN | U65921PB1988PLC008430 |
|---|---|
| Incorporated | 1988 |
| ISIN | INE884Q01015 |
| Face value | ₹10 |
| Registered office | The Axis, Plot No. 1, R.B. Badri Dass Colony, BMC Chowk, G.T. Road, Jalandhar-144001 (Punjab), India |
| Lot size | 130 shares |
| Minimum units | 55 |
| DRHP | Not filed |
Financial statements (₹ Cr)
| Metric | FY22 | FY23 | FY24 | FY25 | FY25 vs FY24 |
|---|---|---|---|---|---|
| Revenue | 219 | 354 | 530.87 | 635.71 | +19.7% |
| Profit after tax | 22 | 46.83 | 72.16 | 26.67 | −63% |
| EPS (₹) | 4.84 | 10.33 | 15.53 | 5.1 | −67.2% |
| Net margin | — | — | 13.6% | 4.2% | −9.4 pts |
| Share capital | — | 45.57 | 47.61 | 52.37 | +10% |
| Reserves & surplus | — | — | 396.78 | 521.03 | +31.3% |
| Net worth | — | — | 444.39 | 573.4 | +29% |
| Investments | — | — | 51.66 | 157.16 | +204.2% |
| Cash from operations | — | — | −362.27 | −145.08 | +60% |
| Cash from investing | — | — | −30.69 | −87.99 | −186.7% |
| Cash from financing | — | — | 481.45 | 198.44 | −58.8% |
| Net cash generated | — | — | 88.5 | −34.63 | profit to loss |
Key ratios and valuation
| Measure | Value | Basis |
|---|---|---|
| Indicative price | ₹195 | dealer reference, 18 Oct 2026 |
| Market cap | ₹1,021 Cr | as recorded |
| P/E | 38.24x | price ÷ EPS ₹5.1 (FY25) |
| P/B | 2.05x | price ÷ book value ₹95.01 |
| EPS | ₹5.1 | per share, FY25 |
| Book value | ₹95.01 | per share, latest books |
| RoE | 14.77% | return on equity, latest FY |
| Debt / equity | 3.79 | latest balance sheet |
| Dividend yield | — | |
| Face value | ₹10 | per share |
| 52-week range | ₹195 (unchanged) | quote unchanged since 18 Oct 2025 |
| Shares outstanding | — | not meaningful |
Shareholding pattern
| Category | Holder | % of equity |
|---|---|---|
| Promoters | Promoters | 21.42% |
| Public | Public & Others | 78.58% |
Promoters 21.42% · Public 78.58%
Management and promoters
| Name | Designation | Experience |
|---|---|---|
| Vijay Kumar Bhandari | Chairman | — |
| Amardeep Singh Samra | Managing Director | — |
| Parveen Kumar Gupta | Independent Director | — |
| Shant Kumar Gupta | Independent Director | — |
| Ashwani Kumar Jindal | Independent Director | — |
| Sachin Kamath | Nominee Director | — |
| Kamna Raj Aggarwalla | Independent Director | — |
| Santokh Singh Chhokar | Non-Executive Director | — |
Business model
Midland Microfin Limited is an NBFC-MFI operating a domestic financing business. It provides individual loans and joint-liability-group loans, with the FY2024-25 annual report showing maximum individual and group-loan amounts of ₹150,000 and ₹80,000, respectively. Its lending model is centered on JLG borrowers and business loans for women and low-income entrepreneurs. The company originates and manages loans through a branch network, supported by technology, risk management and credit-discipline processes.
At March 31, 2025 it reported 517 branches across 12 states and two union territories, serving 997,776 borrowers. It also had assigned, securitised and business-correspondent portfolio balances alongside its own-book portfolio. The financial statements describe its operating segment as financing and its geographical segment as domestic. Funding and operational oversight are reflected through its ALM and risk-management structures.
Corporate actions and events
| Date | Type | Detail | Ratio / amount | Source |
|---|---|---|---|---|
| Undated | Other | Vijay Kumar Bhandari ceased to be a director following his death. (8 Oct 2024) | — | Desk note |
| Undated | Other | Parveen Kumar Gupta was appointed Chairman of Midland Microfin Ltd. (28 Jul 2025) | — | Desk note |
Reports and filings
No filings uploaded yet.
Annual reports
- Midland Micro Finance Limited annual report 2024-25 (PDF)
- Midland Micro Finance Limited annual report 2023-24 (PDF)
- Midland Micro Finance Limited annual report 2022-23 (PDF)
- Midland Micro Finance Limited annual report 2021-22 (PDF)
Frequently asked questions
What does Midland Microfin Limited do?
Midland Microfin Limited is an RBI-registered NBFC-MFI (microfinance institution) headquartered in Jalandhar, Punjab. It provides small, collateral-free group business loans, mainly to women borrowers in semi-urban and rural India, to support micro-enterprises and livelihood activities, with a branch network spanning several northern and central Indian states.
Is Midland Microfin Limited listed on NSE or BSE, and how are its unlisted shares bought?
Its equity shares are not listed on the NSE or BSE main board; only its debt securities (non-convertible debentures) are listed on BSE. The equity is traded in the private unlisted market. Transfers happen demat-to-demat through NSDL/CDSL depository participants.
What determines the indicative price of Midland Microfin unlisted shares?
Because the shares are not exchange-traded, the price shown is indicative and reflects private buyer-seller transactions. It is influenced by factors such as company financials and book value, growth in the loan book and borrower base, asset quality, demand and supply for the stock in the unlisted market, sector sentiment around NBFC-MFIs, and any IPO-related expectations.
What are the key fundamentals of Midland Microfin Limited?
Reported reference details include a face value of ₹10 per share, CIN U65921PB1988PLC008430 and ISIN INE884Q01015, with the registered office in Jalandhar, Punjab. The company operates as an NBFC-MFI with revenue from operations in the several-hundred-crore range and disclosed metrics covering profitability, gross NPA and return ratios. Figures change over time and should be verified against the company's latest filings.
What is the Midland Micro Finance Limited unlisted share price today?
The indicative over-the-counter reference price is ₹195 per share as of 18 Oct 2026. It is a dated dealer reference, refreshed every working day.
Is Midland Micro Finance Limited listed on a stock exchange?
Not yet. Midland Micro Finance 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 Midland Micro Finance Limited?
The minimum ticket is ₹25,000, the same for every company on the site.
What is the ISIN of Midland Micro Finance Limited?
INE884Q01015. Holdings are settled in demat form through NSDL and CDSL.
How do I buy Midland Micro Finance 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 Midland Micro Finance 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
- Midland Micro Finance Limited annual report 2024-25 · FY 2024-25 · midlandmicrofin.com
- Midland Micro Finance Limited annual report 2023-24 · FY 2023-24 · midlandmicrofin.com
- Midland Micro Finance Limited annual report 2022-23 · FY 2022-23 · midlandmicrofin.com
- Midland Micro Finance Limited annual report 2021-22 · FY 2021-22 · midlandmicrofin.com
- BuyUnlistedShares indicative price series for Midland Micro Finance Limited, dated daily · since 15 Sep 2025 (342 dated quotes) · buyunlistedshares.com
How to cite this page: BuyUnlistedShares, “Midland Micro Finance Limited unlisted share price”, https://buyunlistedshares.com/unlisted-shares/midland-micro-finance-limited, as of 19 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 19 Oct 2026.
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