Hindustan Power Exchange Limited (HPX India) Unlisted Share Price
As of , the indicative unlisted share price of Hindustan Power Exchange Limited (HPX India) is ₹24.50 per share. This is an over-the-counter reference price, not a stock-exchange quote.
As of , Hindustan Power Exchange Limited (HPX India) 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 | ₹24.50 |
|---|---|
| Market cap | ₹1,547 Cr |
| Min. investment | ₹10,045 |
| Lot size | 410 |
| P/E ratio | 143.95 |
| P/B ratio | 22.7 |
What is Hindustan Power Exchange Limited (HPX India)?
Hindustan Power Exchange Limited (HPX India) is an unlisted Financials company whose shares trade in India's over-the-counter (pre-IPO) market and settle in demat form (NSDL/CDSL).
Hindustan Power Exchange Limited, widely known as HPX India, operates a licensed electronic power exchange that brings buyers and sellers of electricity together on a single automated trading platform. Incorporated in 2018 and previously named Pranurja Solutions Limited, the company secured regulatory clearance from the Central Electricity Regulatory Commission and commenced live operations in July 2022, making it one of the newer entrants in India's organised power-trading market. The exchange facilitates trading across several segments of the short-term electricity market, including day-ahead, term-ahead, and real-time contracts, alongside renewable energy certificates and related products, all settled with physical delivery of power across the country. By matching demand and supply transparently through market-determined clearing prices, HPX provides utilities, industrial consumers, and generators an alternative venue for sourcing and selling power. Since launch the platform has scaled its traded volumes rapidly, handling several billion units of electricity within its first years of operation as participants on-boarded onto the exchange. A defining feature of HPX is its promoter group. The company is backed by PTC India Limited, a long-established power-trading entity, together with BSE Investments Limited, an arm of the Bombay Stock Exchange that contributes exchange and technology expertise, and ICICI Bank Limited. This combination of energy-sector, capital-markets, and banking lineage gives the venture institutional credibility and operational depth that is unusual for an early-stage exchange. In the unlisted market, HPX India draws attention because it sits in a regulated, infrastructure-like segment of the power economy with a small number of authorised exchanges, and because of its recognisable parentage. The company reports profitability with healthy operating margins on a modest revenue base, and its face value of ₹1 per share and large share count make individual shares accessible. As the company has not yet filed for a public listing, its shares are available only through off-market transactions, where prices are indicative and negotiated rather than continuously quoted on a stock exchange.
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Frequently asked questions
No. As of 16 July 2026, Hindustan Power Exchange Limited (HPX India) 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 410 share(s); at the indicative price of about ₹24.50, that is approximately ₹10,045. Indicative reference, not a quote.
As of 16 July 2026, the indicative unlisted share price of Hindustan Power Exchange Limited (HPX India) is ₹24.50 per share. This is an over-the-counter reference price, not a stock-exchange quote.
The ISIN of Hindustan Power Exchange Limited (HPX India) is INE07WD01012. 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.
HPX India operates a licensed electronic power exchange where buyers and sellers trade electricity through an automated platform. It runs day-ahead, term-ahead, and real-time market segments along with renewable energy certificates, with physical delivery of power across India. The company was incorporated in 2018 and began live operations in July 2022, promoted by PTC India, BSE Investments, and ICICI Bank.
No. HPX India is currently an unlisted, pre-IPO company and is not traded on the NSE or BSE main board. Its shares change hands only through off-market transactions facilitated by unlisted-share intermediaries. Such transfers typically involve KYC verification and settlement into the buyer's demat account, and the indicative price is negotiated between parties rather than set by a live exchange order book.
Because the shares do not trade on a public exchange, the indicative price reflects negotiated off-market deals and depends on factors such as available supply from existing holders, buyer demand, the company's reported financial performance, traded-volume trends on the exchange, and overall sentiment toward the power-trading sector. As indicative market data, the figure can vary between intermediaries and over time.
HPX India has CIN U74999MH2018PLC308448 and ISIN INE07WD01012, with a face value of ₹1 per share and its registered office in Mumbai, Maharashtra. It was incorporated in 2018. Its promoter group comprises PTC India Limited, BSE Investments Limited, and ICICI Bank Limited. The company operates on a relatively small revenue base with reported profitability and healthy operating margins. These details are for information only and do not constitute investment advice.
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.
Hindustan Power Exchange Limited (HPX India) vs similar unlisted Financials shares
Indicative over-the-counter prices, as of 16 July 2026. Information only — not a recommendation or ranking.