Spray Engineering Devices Unlisted Share Price
As of , the indicative unlisted share price of Spray Engineering Devices is ₹118 per share. This is an over-the-counter reference price, not a stock-exchange quote.
As of , Spray Engineering Devices 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 | ₹118 |
|---|---|
| Market cap | ₹320 Cr |
| Min. investment | ₹9,440 |
| Lot size | 80 |
| P/E ratio | 21.32 |
| P/B ratio | 1.49 |
What is Spray Engineering Devices?
Spray Engineering Devices is an unlisted Industrials company whose shares trade in India's over-the-counter (pre-IPO) market and settle in demat form (NSDL/CDSL).
Spray Engineering Devices Limited (SEDL) is an Indian engineering and clean-technology company that designs and manufactures energy-efficient process equipment for the sugar and allied industries. Incorporated in 2004 and headquartered in the Chandigarh–Mohali region with manufacturing operations in Baddi, Himachal Pradesh, the company has built a niche around turning the sugar mill into a more integrated, lower-energy and lower-waste operation. The firm's product and solutions portfolio spans evaporators, falling-film and tube heat exchangers, condensers, crystallizers, direct-contact heaters, molasses conditioners, mill electrification systems and a range of proprietary spray-nozzle and integrated equipment used in evaporation, crystallization and refining. Beyond core sugar processing, SEDL has extended into adjacent segments including biofuels and distillery solutions, bio-refinery and bio-based green chemicals, jaggery manufacturing, and water treatment. The company is recognised by India's Department of Scientific & Industrial Research as an in-house R&D unit, and it operates a dedicated research facility for jaggery technology. In terms of scale, SEDL employs a workforce in the region of 1,200 people, runs multiple fabrication units, and has executed projects across more than 40 countries, giving it a meaningful export footprint alongside its domestic base. This positions the company as a specialised technology supplier within a traditional, cyclical sugar-sector value chain that is increasingly focused on energy efficiency, ethanol and decarbonisation. In the unlisted market, Spray Engineering Devices draws interest because it sits at the intersection of two themes that attract pre-IPO attention: India's push toward ethanol blending and biofuels, and the broader appetite for energy-efficient industrial and clean-tech businesses. Its established client base, patents and R&D recognition, multi-country project history and diversified application areas make it a frequently tracked name among investors who follow unlisted engineering companies. The figures referenced here are indicative market data points drawn from unlisted-market sources and are presented for information only.
Explore more unlisted shares
Other companies in our curated selection.
Frequently asked questions
No. As of 16 July 2026, Spray Engineering Devices 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 80 share(s); at the indicative price of about ₹118, that is approximately ₹9,440. Indicative reference, not a quote.
As of 16 July 2026, the indicative unlisted share price of Spray Engineering Devices is ₹118 per share. This is an over-the-counter reference price, not a stock-exchange quote.
The ISIN of Spray Engineering Devices is INE528I01015. 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.
Spray Engineering Devices Limited is an Indian engineering company that designs and manufactures energy-efficient process equipment for the sugar and allied industries. Its portfolio includes evaporators, heat exchangers, condensers, crystallizers and proprietary spray-nozzle and integrated systems, and it also works in biofuels, distillery and bio-refinery solutions, jaggery technology, water treatment and bio-based green chemicals. The company is recognised as an in-house R&D unit by India's Department of Scientific & Industrial Research and has executed projects in more than 40 countries.
No. Spray Engineering Devices is not listed on the NSE or BSE main board; its equity shares currently trade in the unlisted (pre-IPO) market. Unlisted shares are generally transacted privately between a buyer and a seller and are credited to your demat account on settlement, with a minimum lot size and pricing agreed at the time of the transaction. Availability and indicative prices vary with market conditions. This is general information, not investment advice.
The indicative price of an unlisted share reflects supply and demand in the private market and is influenced by factors such as the company's financial performance, order book and growth in the sugar, ethanol and clean-tech segments, sector sentiment, recent transacted levels among buyers and sellers, and any IPO-related expectations. Because the stock is not exchange-traded, prices are negotiated and can differ across sources and dates. All figures shown are indicative market data for information only.
Key reference details include CIN U00000CH2004PLC027625, ISIN INE528I01015, a face value of ₹10 per share, incorporation in 2004, and a registered base in the Baddi, Himachal Pradesh / Chandigarh region. The company operates multiple fabrication units and employs roughly 1,200 people. These are factual data points for reference and do not constitute a recommendation; investors should verify the latest figures from official filings and the company's own disclosures.
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.
Spray Engineering Devices vs similar unlisted Industrials shares
Indicative over-the-counter prices, as of 16 July 2026. Information only — not a recommendation or ranking.