Minosha India Ltd. (Ricoh India Ltd.) Unlisted Share Price
Minosha India Ltd. (Ricoh India Ltd.) unlisted share price is ₹350 per share (indicative, as of 17 Oct 2026). Minimum ticket ₹25,000 (lot of 72 shares), the same for every company. Sector: IT & Industrials. 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; Minosha India Ltd. (Ricoh India Ltd.)’s indicative price is ₹350 per share as of 17 Oct 2026, a lot of 72 shares.
Key facts
- Indicative price
- ₹350 per share
- Price as of
- 17 Oct 2026
- Minimum investment
- ₹25,000
- Lot size
- 72 shares
- Sector
- IT & Industrials
- 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 INE291B01031: 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.
Only one price change on record since 25 Jun 2026 (114 dated quotes); not enough to chart.
Key figures
| Market cap | ₹1,350.97 Cr |
|---|---|
| Minimum investment | ₹25,000 |
| Lot size | 72 |
| P/E ratio | 15.14x |
| ROE | 7.25% |
| Book value | ₹318.76 |
| Face value | ₹10 |
| 52-week high | ₹412 |
| 52-week low | ₹350 |
| ISIN | INE291B01031 |
| Dividend yield | 0% |
Financials (₹ Cr)
| Metric | FY23 | FY24 | FY25 |
|---|---|---|---|
| Revenue | 370 | 333 | — |
| PAT | 111 | — | — |
| EPS (₹) | 23.1 | — | — |
About the company
Minosha India Ltd., formerly Ricoh India Ltd., is a Mumbai-headquartered company operating in the office automation and document-technology space. Incorporated in 1993, it provides office imaging and printing equipment, multifunction printers, document management and digital workflow solutions, and related managed IT and maintenance services to enterprise customers across India.
Prices shown are indicative and dated. Unlisted shares are illiquid and values can move sharply.
Registered in Mumbai, Maharashtra.
Registry
- ISIN: INE291B01031
- Depository: NSDL & CDSL
- Listed at: Unlisted
- Price as of: 17 Oct 2026
Company facts
| CIN | U74940MH1993PLC074694 |
|---|---|
| Incorporated | 1993 |
| ISIN | INE291B01023 |
| Face value | ₹10 |
| Registered office | 218, 2nd Floor, Marathon Monte Plaza, Opp. P & T Colony, Madan Mohan Malviya Road, Off LBS Marg, Mulund (West), Mumbai, Maharashtra 400080, India |
| Lot size | 72 shares |
| Minimum units | 30 |
| DRHP | Not filed |
Financial statements (₹ Cr)
| Metric | FY20 | FY21 | FY22 | FY23 | FY24 | FY24 vs FY23 |
|---|---|---|---|---|---|---|
| Revenue | 461.61 | 314.41 | 288.78 | 369.52 | 333 | −9.9% |
| Profit after tax | −19.3 | 32.36 | 62.58 | 110.69 | — | — |
| EPS (₹) | −5 | 6.75 | 13.06 | 23.11 | — | — |
| Operating margin | — | — | 9.1% | 22.9% | — | — |
| Net margin | — | — | 21.7% | 29.9% | — | — |
| Share capital | — | 47.91 | 47.91 | 47.91 | — | — |
| Reserves & surplus | — | 1,281.95 | 1,479.15 | 1,656.09 | — | — |
| Net worth | — | 1,329.86 | 1,527.06 | 1,704 | — | — |
| Fixed assets | — | 79.88 | 87.53 | 84.9 | — | — |
| Investments | — | 438.94 | 916.98 | 1,059.11 | — | — |
| Trade receivables | — | 472 | 270.41 | 95.72 | — | — |
| Trade payables | — | 62.15 | 69.76 | 41.19 | — | — |
| Cash from operations | — | — | 260.53 | 203.62 | — | — |
| Cash from investing | — | — | −252.15 | −54 | — | — |
| Cash from financing | — | — | −28.93 | −5.65 | — | — |
| Net cash generated | — | — | −20.55 | 143.97 | — | — |
Key ratios and valuation
| Measure | Value | Basis |
|---|---|---|
| Indicative price | ₹350 | dealer reference, 17 Oct 2026 |
| Market cap | ₹1,350.97 Cr | as recorded |
| P/E | 15.14x | price ÷ EPS ₹23.11 (FY23) |
| P/B | 1.1x | price ÷ book value ₹318.76 |
| EPS | ₹23.11 | per share, FY23 |
| Book value | ₹318.76 | per share, latest books |
| RoE | 7.25% | return on equity, latest FY |
| Debt / equity | 0 | latest balance sheet |
| Dividend yield | 0% | at the indicative price |
| Face value | ₹10 | per share |
| 52-week range | ₹350 (unchanged) | quote unchanged since 25 Jun 2026 |
| Shares outstanding | — | not meaningful |
Shareholding pattern
| Category | Holder | % of equity |
|---|---|---|
| Promoters | Kalpraj Dharamshi (Promoter) | 46.64% |
| Promoters | Rekha Jhunjhunwala (Promoter) | 46.64% |
| Promoters | Other Promoters (Dharamshi Family & Quest Portfolio Services) | 1.34% |
| Public | Public | 5.38% |
Promoters 94.62% · Public 5.38%
Management and promoters
| Name | Designation | Experience |
|---|---|---|
| Kalpraj Damji Dharamshi | Chairman / Director | — |
| Atul Ramniklal Thakker | Managing Director | — |
| Aniket Dharamshi | Executive Director | — |
| Ajay Kumar Mishra | Chief Financial Officer | — |
| Mamta Surkali | Company Secretary | — |
| Deepak Valji Gala | Director | — |
| Arti Arvind Sanganeria | Director | — |
| Paolomi Kalpraj Dharamshi | Director | — |
Business model
Minosha India Limited sells office-imaging and production-print solutions, document-management systems and information-technology services. Its public materials describe printing and document solutions, cloud services and communication systems. The company operates across India through offices and business partners, supplying products and services to business customers. It acts as a system integrator on IT-services projects, including projects for central and state government in education, healthcare, e-governance and citizen-centric programmes.
The annual report refers to an Indian government and TCIL rural information and communication technology project for post offices, for which Minosha provided hardware delivery and operations and maintenance services. It also markets Ricoh-branded equipment as an authorised distributor. Its revenue model therefore includes sale and distribution of office-imaging equipment, production-print products, consumables and document solutions, alongside project implementation, technology integration, cloud or communication services and related maintenance or support.
Corporate actions and events
| Date | Type | Detail | Ratio / amount | Source |
|---|---|---|---|---|
| Undated | Other | NCLT approved the company's capital-reduction proposal; the company states it completed payments for extinguishment of shares held by minority shareholders. (19 May 2023) | — | Desk note |
Reports and filings
No filings uploaded yet.
Annual reports
- Minosha India Ltd. (Ricoh India Ltd.) annual report 2023-24 (PDF)
- Minosha India Ltd. (Ricoh India Ltd.) annual report 2022-23 (PDF)
- Minosha India Ltd. (Ricoh India Ltd.) annual report 2021-22 (PDF)
- Minosha India Ltd. (Ricoh India Ltd.) annual report 2020-21 (PDF)
Frequently asked questions
What does Minosha India Ltd. do?
Minosha India Ltd., formerly Ricoh India Ltd., operates in the office automation and document-technology sector. It supplies office imaging and printing equipment, multifunction printers, document management and digital workflow solutions, and related managed IT and maintenance services to businesses across India.
Is Minosha India Ltd. listed on the stock exchange?
No. Minosha India is currently an unlisted public company and its shares are not traded on the NSE or BSE. Its predecessor, Ricoh India Ltd., was earlier listed but was delisted in 2019 following a corporate insolvency resolution process. The shares now change hands only in the private/unlisted market.
How can I buy Minosha India Ltd. unlisted shares?
Unlisted shares are not bought through a stock exchange; they are transacted privately between buyers and sellers. To understand availability, indicative pricing and the paperwork involved, you can contact the desk, who can explain the process.
What are the risks of investing in Minosha India unlisted shares?
Unlisted and pre-IPO shares carry higher risk and lower liquidity than listed stocks. Transfers happen demat-to-demat through NSDL/CDSL depository participants. Investors should assess these factors and consider independent due diligence.
What is the Minosha India Ltd. (Ricoh India Ltd.) unlisted share price today?
The indicative over-the-counter reference price is ₹350 per share as of 17 Oct 2026. It is a dated dealer reference, refreshed every working day.
Is Minosha India Ltd. (Ricoh India Ltd.) listed on a stock exchange?
Not yet. Minosha India Ltd. (Ricoh India Ltd.) 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 Minosha India Ltd. (Ricoh India Ltd.)?
The minimum ticket is ₹25,000, the same for every company on the site.
What is the ISIN of Minosha India Ltd. (Ricoh India Ltd.)?
INE291B01031. Holdings are settled in demat form through NSDL and CDSL.
How do I buy Minosha India Ltd. (Ricoh India Ltd.) 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 Minosha India Ltd. (Ricoh India Ltd.) 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
- Minosha India Ltd. (Ricoh India Ltd.) annual report 2023-24 · FY 2023-24 · minosha.in
- Minosha India Ltd. (Ricoh India Ltd.) annual report 2022-23 · FY 2022-23 · minosha.in
- Minosha India Ltd. (Ricoh India Ltd.) annual report 2021-22 · FY 2021-22 · minosha.in
- Minosha India Ltd. (Ricoh India Ltd.) annual report 2020-21 · FY 2020-21 · minosha.in
- BuyUnlistedShares indicative price series for Minosha India Ltd. (Ricoh India Ltd.), dated daily · since 25 Jun 2026 (114 dated quotes) · buyunlistedshares.com
How to cite this page: BuyUnlistedShares, “Minosha India Ltd. (Ricoh India Ltd.) unlisted share price”, https://buyunlistedshares.com/unlisted-shares/minosha-india-ltd, 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
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- The risks of buying unlisted and pre-IPO shares in India
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