Spray Engineering Devices Unlisted Share Price
Spray Engineering Devices unlisted share price is ₹84 per share (indicative, as of 17 Oct 2026). Minimum ticket ₹25,000 (lot of 300 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; Spray Engineering Devices’s indicative price is ₹84 per share as of 17 Oct 2026, a lot of 300 shares.
Key facts
- Indicative price
- ₹84 per share
- Price as of
- 17 Oct 2026
- Minimum investment
- ₹25,000
- Lot size
- 300 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 INE528I01015: 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 move: -28.8% over 3 months · -68.3% over 1 year.
Key figures
| Market cap | ₹210.81 Cr |
|---|---|
| Minimum investment | ₹25,000 |
| Lot size | 300 |
| P/E ratio | 14.12x |
| ROE | 7.31% |
| Book value | ₹81.7 |
| Face value | ₹10 |
| 52-week high | ₹275 |
| 52-week low | ₹84 |
| ISIN | INE528I01015 |
| Dividend yield | — |
Financials (₹ Cr)
| Metric | FY23 | FY24 | FY25 |
|---|---|---|---|
| Revenue | 392 | 547 | 461 |
| PAT | 33.0 | 53.2 | 15.0 |
| EPS (₹) | 14.7 | 23.2 | 5.95 |
About the company
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…
Prices shown are indicative and dated. Unlisted shares are illiquid and values can move sharply.
Registered in Chandigarh, Chandigarh.
Registry
- ISIN: INE528I01015
- Depository: NSDL & CDSL
- Listed at: Unlisted
- Price as of: 17 Oct 2026
Company facts
| CIN | U00000CH2004PLC027625 |
|---|---|
| Incorporated | 2004 |
| ISIN | INE528I01015 |
| Face value | ₹10 |
| Registered office | SCO – 107, 2nd Floor, Sector 47 – C, Chandigarh – 160047 |
| Shares outstanding | 2,50,96,423 |
| Lot size | 300 shares |
| Minimum units | 120 |
| DRHP | Not filed |
Financial statements (₹ Cr)
| Metric | FY21 | FY22 | FY23 | FY24 | FY25 | FY25 vs FY24 |
|---|---|---|---|---|---|---|
| Revenue | 111 | 214 | 392 | 547.35 | 460.97 | −15.8% |
| EBITDA | — | 21 | 54 | 87 | 39 | −55.2% |
| Profit before tax | — | 15 | 45 | 74 | 21 | −71.6% |
| Profit after tax | 5 | 15 | 33 | 53.16 | 15.02 | −71.7% |
| EPS (₹) | 2.23 | 6.69 | 14.71 | 23.19 | 5.95 | −74.3% |
| Operating margin | — | — | — | 15.9% | — | — |
| Net margin | — | — | — | 9.7% | 3.3% | −6.5 pts |
| Share capital | — | — | — | 22.59 | 25.1 | +11.1% |
| Reserves & surplus | — | — | — | 100.69 | 179.94 | +78.7% |
| Net worth | — | — | — | 123.28 | 205.04 | +66.3% |
| Fixed assets | — | — | — | 76.1 | 88.03 | +15.7% |
| Trade receivables | — | — | — | 86.8 | 114.23 | +31.6% |
| Cash from operations | — | — | — | 19.12 | −28.78 | profit to loss |
| Cash from investing | — | — | — | −27.79 | −40.59 | −46.1% |
| Cash from financing | — | — | — | 7.67 | 71.3 | ×9.3 |
| Net cash generated | — | — | — | −0.99 | −1.93 | — |
Key ratios and valuation
| Measure | Value | Basis |
|---|---|---|
| Indicative price | ₹84 | dealer reference, 17 Oct 2026 |
| Market cap | ₹210.81 Cr | price × 2,50,96,423 shares |
| P/E | 14.12x | price ÷ EPS ₹5.95 (FY25) |
| P/B | 1.03x | price ÷ book value ₹81.7 |
| EPS | ₹5.95 | per share, FY25 |
| Book value | ₹81.7 | per share, latest books |
| RoE | 7.31% | return on equity, latest FY |
| Debt / equity | 0.39 | latest balance sheet |
| Dividend yield | — | |
| Face value | ₹10 | per share |
| 52-week range | ₹84 – ₹275 | 317 dated quotes, last 12 months |
| Shares outstanding | 2,50,96,423 | per company record |
Shareholding pattern
| Category | Holder | % of equity |
|---|---|---|
| Promoters | Promoters | 70.28% |
| Public | Public | 29.72% |
Promoters 70.28% · Public 29.72%
Management and promoters
| Name | Designation | Experience |
|---|---|---|
| Vivek Verma | Managing Director | — |
| Arshdeep Kaur Judge | Director | — |
| Niveta Sharma | Director | — |
| Shridhar Venkatesh | Nominee Director | — |
| Vimarsh Verma | Additional Director | — |
Business model
Spray Engineering Devices Limited designs and manufactures process equipment and provides engineering services for sugar and allied industries and water recovery. Its product portfolio covers tubular and plate falling-film evaporators, spray continuous pans, mechanical circulators, low-temperature evaporators, direct-contact heaters, molasses conditioners, sugar melters, condensate flashing, cooling and condensing systems and mill electrification. The company also supplies low-temperature evaporation systems for jaggery production.
It undertakes process and equipment design, equipment manufacturing, industrial and plant automation, project engineering and management, EPC work, turnkey projects and after-sales technical support. Its manufacturing, research and development, instrumentation and automation activities support in-house fabrication and testing. For wastewater applications, it uses mechanical-vapour-compression or recompression-based low-temperature evaporation equipment for water recovery and recycling, including zero-liquid-discharge applications.
The company describes its offerings as serving energy efficiency, process improvement and resource optimisation needs of sugar, allied and wastewater users.
Corporate actions and events
| Date | Type | Detail | Ratio / amount | Source |
|---|---|---|---|---|
| Undated | Listing | Shareholders at the EGM approved raising capital through an IPO and a preferential issue of 25,09,642 equity shares at Rs.287 each. (6 May 2024) | — | Desk note |
| Undated | Other | Shareholders approved alteration of the Memorandum of Association and adoption of new Articles of Association. (20 Sep 2024) | — | Desk note |
| Undated | Other | Vimarsh Verma was appointed Additional Director, effective 20 August 2025. (20 Aug 2025) | — | Desk note |
Reports and filings
No filings uploaded yet.
Annual reports
- Spray Engineering Devices annual report 2024-25 (PDF)
- Spray Engineering Devices annual report 2023-24 (PDF)
- Spray Engineering Devices annual report 2022-23 (PDF)
- Spray Engineering Devices annual report 2021-22 (PDF)
Frequently asked questions
What does Spray Engineering Devices Limited do?
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.
Is Spray Engineering Devices listed on NSE or BSE, and how can its unlisted shares be bought?
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.
What determines the indicative price of Spray Engineering Devices unlisted shares?
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.
What are the key fundamentals of Spray Engineering Devices Limited?
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.
What is the Spray Engineering Devices unlisted share price today?
The indicative over-the-counter reference price is ₹84 per share as of 17 Oct 2026. It is a dated dealer reference, refreshed every working day.
Is Spray Engineering Devices listed on a stock exchange?
Not yet. Spray Engineering Devices 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 Spray Engineering Devices?
The minimum ticket is ₹25,000, the same for every company on the site.
What is the ISIN of Spray Engineering Devices?
INE528I01015. Holdings are settled in demat form through NSDL and CDSL.
How do I buy Spray Engineering Devices 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 Spray Engineering Devices 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
- Spray Engineering Devices annual report 2024-25 · FY 2024-25 · sprayengineering.net
- Spray Engineering Devices annual report 2023-24 · FY 2023-24 · sprayengineering.net
- Spray Engineering Devices annual report 2022-23 · FY 2022-23 · sprayengineering.net
- Spray Engineering Devices annual report 2021-22 · FY 2021-22 · sprayengineering.net
- BuyUnlistedShares indicative price series for Spray Engineering Devices, dated daily · since 12 Sep 2025 (343 dated quotes) · buyunlistedshares.com
How to cite this page: BuyUnlistedShares, “Spray Engineering Devices unlisted share price”, https://buyunlistedshares.com/unlisted-shares/spray-engineering-devices, 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
- How to evaluate an unlisted company before investing
- How Unlisted Share Prices Are Discovered When There Is No Live Order Book
- The risks of buying unlisted and pre-IPO shares in India
- Unlisted Shares Lock-In Period: What Every Investor Must Know (2026)
- Can an NRI invest in unlisted shares in India?
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