Hindon Mercantile Limited Unlisted Share Price
As of , the indicative unlisted share price of Hindon Mercantile Limited is ₹735 per share. This is an over-the-counter reference price, not a stock-exchange quote.
As of , Hindon Mercantile 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 | ₹735 |
|---|---|
| Market cap | ₹1,624 Cr |
| Min. investment | ₹11,025 |
| Lot size | 15 |
| P/E ratio | 82.05 |
| P/B ratio | 3.97 |
What is Hindon Mercantile Limited?
Hindon Mercantile Limited is an unlisted Financials company whose shares trade in India's over-the-counter (pre-IPO) market and settle in demat form (NSDL/CDSL).
Hindon Mercantile Limited is a Delhi-based Non-Banking Financial Company (NBFC) registered with the Reserve Bank of India. Incorporated in 1985 and headquartered in New Delhi, the company operates a retail-focused lending platform that serves individuals, the MSME segment, and customers across semi-urban and underserved markets. Its product suite spans personal loans, business loans, loan against property, equipment and machinery finance, supply chain finance, two-wheeler financing, and education loans, positioning it as a diversified non-bank lender rather than a single-product financier. The company entered a new phase after 2019, when Kapil Garg acquired and reorganised it into a growth-oriented lending business. A defining feature of its current strategy is a strong tilt toward electric-vehicle and green-energy financing, pursued in part through its majority interest in Mufin Green Finance, a group entity focused on EV and clean-energy lending. This green-finance orientation differentiates Hindon Mercantile from conventional NBFCs and aligns it with the broader shift toward sustainable mobility and energy in India. On scale, Hindon Mercantile has reported steady expansion in its assets under management, growing from roughly ₹676 crore in FY24 to over ₹1,000 crore in FY25, reflecting an enlarging loan book and a widening footprint. The company has also been associated with strategic corporate moves, including a reported agreement in 2024 to acquire a significant minority stake in a listed financial-services entity, signalling ambitions beyond organic lending growth. Hindon Mercantile draws attention in the unlisted market because it combines a long-established NBFC licence with a modern, EV-and-green-finance growth narrative and a visible promoter-led transformation. Investors tracking the unlisted space often follow it for exposure to retail and green-mobility lending themes before any potential public-market event. As an unlisted public limited company, its shares are quoted on an indicative basis in the secondary unlisted market, and figures such as price, AUM, and capital structure can change over time and should be verified against the latest disclosures.
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Frequently asked questions
No. As of 16 July 2026, Hindon Mercantile 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 15 share(s); at the indicative price of about ₹735, that is approximately ₹11,025. Indicative reference, not a quote.
As of 16 July 2026, the indicative unlisted share price of Hindon Mercantile Limited is ₹735 per share. This is an over-the-counter reference price, not a stock-exchange quote.
Hindon Mercantile Limited is a Delhi-based, RBI-registered Non-Banking Financial Company (NBFC). It offers a range of retail and MSME lending products, including personal loans, business loans, loan against property, equipment and supply chain finance, and two-wheeler loans, with a notable focus on electric-vehicle and green-energy financing pursued partly through its group interest in Mufin Green Finance.
No. Hindon Mercantile Limited is currently an unlisted public limited company and is not traded on the NSE or BSE main board. Its shares trade in the unlisted market on an indicative basis. Unlisted shares are typically bought through a dealer or platform that facilitates off-market transfers into your demat account, subject to KYC, availability, and settlement terms. This is informational only and not a recommendation to buy or sell.
The indicative price in the unlisted market reflects buyer and seller demand and supply, the company's reported financials and AUM growth, sector sentiment toward NBFCs and green finance, comparable valuations, and overall liquidity. Because unlisted shares trade off-market, quotes can vary between sources and over time and should be treated as indicative data rather than an official exchange price.
Hindon Mercantile Limited was incorporated in 1985 and is registered in New Delhi (CIN U34300DL1985PLC021785), with ISIN INE08GI01012 and a face value of ₹10 per share. It operates as an NBFC and has reported assets under management growing from roughly ₹676 crore in FY24 to over ₹1,000 crore in FY25. Figures are sourced from public records and unlisted-market data and may change; verify against the latest filings.
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.
Hindon Mercantile Limited vs similar unlisted Financials shares
Indicative over-the-counter prices, as of 16 July 2026. Information only — not a recommendation or ranking.