Carrier Airconditioning & Refrigeration Limited Unlisted Share Price
As of , the indicative unlisted share price of Carrier Airconditioning & Refrigeration Limited is ₹515 per share. This is an over-the-counter reference price, not a stock-exchange quote.
As of , Carrier Airconditioning & Refrigeration Limited 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 | ₹515 |
|---|---|
| Market cap | ₹5,478 Cr |
| Min. investment | ₹10,300 |
| Lot size | 20 |
| P/E ratio | 27.12 |
| P/B ratio | 9.3 |
What is Carrier Airconditioning & Refrigeration Limited?
Carrier Airconditioning & Refrigeration Limited is an unlisted Industrials company whose shares trade in India's over-the-counter (pre-IPO) market and settle in demat form (NSDL/CDSL).
Carrier Airconditioning & Refrigeration Limited is the Indian arm of the global heating, ventilation, air-conditioning and refrigeration (HVACR) group, tracing its India presence back to the mid-1980s and incorporated in its present form in 1992. Headquartered in Gurugram, Haryana, the company designs, manufactures, sells and services a broad portfolio of cooling and climate-control products, with manufacturing and engineering operations anchored around its Gurgaon facility. The business spans several segments. In commercial HVAC it supplies chillers, air handling units, ducted and packaged systems, and building automation for offices, malls, hospitals, hotels and industrial plants. In residential and light-commercial air-conditioning it offers room and split units. The company is also active in commercial refrigeration and cold-chain solutions, and it earns recurring revenue from after-sales service, spare parts, annual maintenance contracts and retrofit work across its large installed base. Its product engineering and distribution network extend across India, supporting infrastructure, data-centre, healthcare and process-cooling applications. Carrier carries strong parentage. The company is a subsidiary within the Carrier group lineage, with the overwhelming majority of equity held by overseas Carrier entities, giving it access to global technology, brand recognition and product platforms. The Carrier name is one of the most established in the climate-control industry worldwide. The company was historically listed in India but was delisted following an open offer, and its equity is no longer traded on the NSE or BSE main board. As a result, its shares now change hands only in the private, unlisted market, where they draw interest as a way to gain exposure to a well-known multinational HVACR brand with a long Indian operating history, branded distribution and a domestic manufacturing footprint. Investor attention also reflects the broader growth in air-conditioning, cold-chain and energy-efficient cooling demand in India. As an unlisted security, its indicative price is set by private buyer-seller negotiation and limited transaction flow rather than a continuous exchange order book, and reported quotes can vary between counterparties and over time.
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Frequently asked questions
No. As of 16 July 2026, Carrier Airconditioning & Refrigeration Limited 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 20 share(s); at the indicative price of about ₹515, that is approximately ₹10,300. Indicative reference, not a quote.
As of 16 July 2026, the indicative unlisted share price of Carrier Airconditioning & Refrigeration Limited is ₹515 per share. This is an over-the-counter reference price, not a stock-exchange quote.
The ISIN of Carrier Airconditioning & Refrigeration Limited is INE040I01011. 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.
It is the Indian arm of the global Carrier HVACR group, manufacturing and supplying heating, ventilation, air-conditioning and refrigeration solutions. Its portfolio spans commercial HVAC (chillers, air handling and packaged systems), residential and light-commercial air-conditioners, commercial refrigeration and cold-chain products, plus after-sales service and maintenance, operating from its base in Gurugram, Haryana.
No. The company was historically listed in India but was delisted after an open offer and does not currently trade on the NSE or BSE main board. Its shares change hands only in the private, unlisted market. Unlisted shares are typically transacted off-market between a buyer and seller and settled into a demat account; availability, pricing and minimum lots vary by counterparty. This is general information, not investment advice.
Because the shares are not exchange-traded, the indicative price is set by private negotiation between buyers and sellers and reflects factors such as the company's reported financial performance, sector demand for cooling and HVACR products, share availability and overall sentiment in the unlisted market. With limited transaction flow, quoted prices can differ between counterparties and change over time, so any figure should be treated as indicative only.
Publicly available identifiers include CIN U74999HR1992FLC036104 and ISIN INE040I01011, with a face value of ₹10 per share. The company was incorporated in 1992 and has its registered office in Gurugram, Haryana. It operates within the broader Carrier group and is majority-owned by overseas Carrier entities. These details are factual reference points and do not constitute a recommendation.
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.
Carrier Airconditioning & Refrigeration Limited vs similar unlisted Industrials shares
Indicative over-the-counter prices, as of 16 July 2026. Information only — not a recommendation or ranking.