GFCL EV Products Limited Unlisted Share Price
As of , the indicative unlisted share price of GFCL EV Products Limited is ₹41 per share. This is an over-the-counter reference price, not a stock-exchange quote.
As of , GFCL EV Products 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 | ₹41 |
|---|---|
| Market cap | ₹28,953 Cr |
| Min. investment | ₹10,045 |
| Lot size | 245 |
| P/B ratio | 19.17 |
| ROE | -6.5% |
What is GFCL EV Products Limited?
GFCL EV Products Limited is an unlisted Materials company whose shares trade in India's over-the-counter (pre-IPO) market and settle in demat form (NSDL/CDSL).
GFCL EV Products Limited is a battery-materials manufacturer incorporated in 2021 and based in Gujarat. It operates as a wholly-owned subsidiary of Gujarat Fluorochemicals Limited (GFL), part of the broader INOXGFL Group, and was created to build a domestic supply chain for materials used in lithium-ion and emerging sodium-ion batteries. The company positions itself across multiple points of the battery value chain rather than a single product, an approach aimed at reducing dependence on imported inputs for India's electric-vehicle (EV) and energy-storage-system (ESS) ecosystems. Its product focus spans cathode active materials such as lithium iron phosphate (LFP), electrolytes, binders and other intermediate chemicals that feed into cell manufacturing. By targeting several stages of the value chain, GFCL EV intends to serve EV makers and energy-storage manufacturers across India and export markets including the United States and the European Union. The business draws on the parent group's long-standing expertise in fluorochemicals and specialty chemistry, which is relevant to several battery-grade material processes. The company is in an early, capital-intensive growth phase. Reported revenue moved from a negligible base in an earlier year to a small commercial figure as initial operations began, reflecting a company still scaling toward larger production. To fund this expansion, GFCL EV raised roughly ₹1,000 crore of fresh equity, an event that was associated with a large headline valuation and that increased market attention on the stock. In the unlisted market, GFCL EV Products draws interest because it offers exposure to India's battery-materials and EV-supply-chain theme through a focused entity rather than the diversified listed parent. Factors commonly cited by market participants include its parentage, its stated ambition to localise a significant share of the battery value chain, and its positioning ahead of any future capital-market event. Its indicative unlisted price reflects private over-the-counter transactions among investors and is distinct from any exchange-quoted price.
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Frequently asked questions
No. As of 16 July 2026, GFCL EV Products 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 245 share(s); at the indicative price of about ₹41, that is approximately ₹10,045. Indicative reference, not a quote.
As of 16 July 2026, the indicative unlisted share price of GFCL EV Products Limited is ₹41 per share. This is an over-the-counter reference price, not a stock-exchange quote.
The ISIN of GFCL EV Products Limited is INE0KA501014. 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.
GFCL EV Products Limited manufactures battery materials used in lithium-ion and emerging sodium-ion batteries, including cathode active materials such as lithium iron phosphate, electrolytes and binders. It is a wholly-owned subsidiary of Gujarat Fluorochemicals Limited and supplies the electric-vehicle and energy-storage value chain in India and export markets.
No, GFCL EV Products Limited is not listed on the NSE or BSE; it is an unlisted public company. Its parent, Gujarat Fluorochemicals Limited, is a separate listed entity. Unlisted shares of GFCL EV are transferred privately between buyers and sellers off-exchange, typically into a demat account after agreeing on price and completing KYC and settlement. This is informational only and not investment advice.
The indicative price reflects private over-the-counter transactions between buyers and sellers in the unlisted market. It can move with supply and demand, the company's financial performance and expansion progress, fundraising or valuation events, sentiment around the EV and battery-materials sector, and any developments concerning a potential future listing. It is not an exchange-quoted price.
GFCL EV Products Limited was incorporated in 2021 and is based in Gujarat. Its CIN is U24296GJ2021PLC127819 and its ISIN is INE0KA501014, with a face value of ₹1 per share. It is a wholly-owned subsidiary of Gujarat Fluorochemicals Limited and is in an early, capital-intensive growth phase, having raised about ₹1,000 crore of equity to fund expansion.
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.
GFCL EV Products Limited vs similar unlisted Materials shares
Indicative over-the-counter prices, as of 16 July 2026. Information only — not a recommendation or ranking.