What does Alirox Abrasives Limited manufacture?

Alirox Abrasives Limited is engaged in the manufacture of abrasive products. The company was formerly known as The Shevaroy Bauxite Products Company Private Limited, suggesting historical roots in bauxite-based abrasive materials.

How old is Alirox Abrasives Limited?

Alirox Abrasives Limited was incorporated in 1944, making it one of India's oldest industrial companies with over 80 years of corporate history.

Why is the share price of Alirox Abrasives only ₹0.1?

A share price of ₹0.1 in the unlisted market typically indicates significant financial distress, dormant or discontinued operations, or negligible investor interest. Detailed financial review is essential before any consideration.

What was the earlier name of Alirox Abrasives Limited?

The company was previously named The Shevaroy Bauxite Products Company Private Limited, reflecting its historical focus on bauxite-based industrial materials before the name change to Alirox Abrasives Limited.

Is Alirox Abrasives Limited actively operating?

Based on the extremely low unlisted share price and limited public information, the operational status of Alirox Abrasives Limited is uncertain. Investors should verify current operations through MCA filings and recent annual returns.

How do I buy Alirox Abrasives unlisted shares here?

Raise an enquiry on any company with the quantity you want. Our desk sources the shares and comes back with a firm price and allocation. You accept the allocation, transfer the funds to the desk's published bank account, and once we verify payment the shares are transferred into your demat.

Who am I actually transacting with?

You transact with the desk, not with an anonymous counterparty. When you buy, you buy from the desk; when you sell, you sell to the desk. Shares always route through the desk's own demat account, so there's one accountable party for the whole trade.

How do I pay, and is there a payment gateway?

Payment is by direct bank transfer to Prospire Network Private Limited's published account (CIN U82300UP2025PTC233622), shown to you in-app at the payment step. There is no card gateway and no escrow. Never pay to a personal account or to any account shared over phone, WhatsApp or email — even if the person claims to be from our team.

How long does settlement take?

After you accept an allocation, you have a short window to pay (typically 2 days). Once payment is verified, shares are usually credited to your demat within 2–3 business days, subject to depository timelines and any company-level restrictions. Timeframes are typical, not guaranteed.

There are no separate platform fee lines and no GST on the transfer — the desk's margin is built into the buy/sell price you're quoted. The only statutory add-on on a purchase is stamp duty on the consideration, shown transparently in your cost breakdown.

Is there a minimum ticket size for Alirox Abrasives?

Minimums vary by company and depend on the lot the desk can source. Raise an enquiry and the desk will confirm the available quantity and the minimum for that name.

What KYC do I need, and do I need a demat account?

You'll share your demat details when you enquire so we can settle directly. Full KYC — PAN and a client-master / demat statement — is required before the transfer step, when shares actually change hands. Yes, you need an active demat account to hold unlisted shares.

Are there lock-ins on unlisted or pre-IPO shares?

Some shares carry statutory or company-imposed lock-ins — for example, a post-listing lock-in on pre-IPO stock — and transfers can be subject to the company's articles or approvals. Where a lock-in applies, we'll flag it before you commit.

How do I sell Alirox Abrasives shares I already hold?

Raise a sell enquiry with the company, quantity and your target price. The desk confirms a buying price, you transfer your shares into the desk's demat, and once the credit is verified we pay you out by bank transfer to your registered account. The desk never pays out before your shares are received.

Unlisted shares are illiquid, may be hard or impossible to sell, and are not covered by exchange settlement guarantees or investor-protection funds. Pricing is indicative, not live. Read the full Risk Disclosure before you enquire, and invest only what you can afford to lock away.

Alirox Abrasives Unlisted Share Price | Buy Alirox Abrasives Pre-IPO Shares — wisefolio

Investment Thesis

Alirox Abrasives Limited is one of India's oldest industrial companies with an 80-year history tracing back to The Shevaroy Bauxite Products Company. However, the extremely low share price of ₹0.1 and absence of public information strongly suggest the company is dormant or financially distressed. This is a highly speculative, near-zero value unlisted security. Investors should treat this as a deep distressed/speculative play and verify operational status through MCA and Registrar of Companies filings before any engagement.

Pros

ISIN INE143F01019 confirmed; one of India's oldest abrasives companies incorporated in 1944 — 80+ years of operational history.
Strong promoter holding of 65.51% with only 34.49% public float — majority control retained.
Net worth of Rs.61.03 Cr despite minimal revenue — suggests significant asset/land holdings relative to operating scale.
Listed on MSEI; abrasives serve construction, automotive, metalworking — steady industrial demand.

Cons

Revenue of only Rs.0.63 Cr (FY22) — near-dormant operations despite Rs.61 Cr net worth; asset-rich but operationally inactive.
Authorized capital Rs.1 Cr with paid-up Rs.24 lakh — extremely thin capital base; minimal scale.
Abrasives market dominated by large players (Saint-Gobain, 3M, Carborundum Universal) — no scale to compete.
No website found; no investor communications — completely opaque for minority shareholders.

Business Segments

Abrasives Manufacturing

Manufacturing of abrasives for industrial applications including construction, metalworking, automotive finishing.

Revenue Model

Alirox Abrasives historically generated revenue from the manufacture and sale of abrasive industrial products to metalworking, construction, and manufacturing industries. Current operational and revenue status is uncertain given the extremely low share price and limited public disclosures.

Detailed Analysis

Growth outlookExpansion plans, industry tailwinds & headwinds9

Growth Plans

Potential revival or takeover by a strategic industrial buyer interested in the company's historical licenses or manufacturing assets

Growth in India's manufacturing sector benefiting abrasives demand broadly

Possible corporate restructuring to unlock any residual asset value

Industry Tailwinds

Potential revival or takeover by a strategic industrial buyer interested in the company's historical licenses or manufacturing assets

Recent Developments

Abrasives sector growth driven by manufacturing expansion

India's abrasives industry benefits from growth in automotive, construction, and industrial manufacturing. However, Alirox's ability to participate in this growth remains unclear given limited operational disclosures.

2024

Comparable Companies

CompanyTypeTickerMkt Cap

Grindwell Norton LimitedListedGRINDWELL~12000 Cr

Carborundum Universal LimitedListedCARBORUNDUM~15000 Cr

3M India LimitedListed3MINDIA~25000 Cr

Grindwell Norton LimitedListed

GRINDWELL · ~12000 Cr

Frequently Asked Questions

About Alirox Abrasives

Alirox Abrasives Limited is one of India's oldest industrial companies, incorporated on 13 May 1944 — predating India's independence. Headquartered at Scindia House, New Delhi, the company is engaged in the abrasives business, manufacturing or trading coated and bonded abrasives used in industrial grinding, polishing, and surface finishing applications. Abrasives are a critical industrial material used across metalworking, automotive manufacturing, construction, and fabrication industries for surface preparation, material removal, and finishing operations. The global abrasives market is approximately $12 billion, with India being a growing market driven by automotive, engineering, and construction sectors. Alirox Abrasives was established during the British colonial period when India had limited industrial manufacturing. The company's 80+ year history makes it one of the few surviving pre-Independence industrial enterprises in India — a remarkable distinction. Based at Scindia House in New Delhi's Connaught Place area, the company has a prestigious commercial address. Financial data shows very modest current revenues (approximately Rs 7.49 million or Rs 0.75 Crore) despite a large net worth of Rs 61.03 Crore — suggesting the company may be primarily holding assets rather than active trading operations. The authorised capital of Rs 25 Crore further confirms the company's historical scale that has not been matched in recent operations. The significant gap between net worth (Rs 61 Crore) and revenues (Rs 0.75 Crore) indicates the company likely holds substantial real estate or investment assets dating from its more active operational periods.

Key Milestones

Incorporated May 13, 1944 in New Delhi — one of India's oldest industrial companies (CIN: L74899DL1944PLC000759)

Common questions about unlisted shares

How do I buy Alirox Abrasives unlisted shares here?
Raise an enquiry on any company with the quantity you want. Our desk sources the shares and comes back with a firm price and allocation. You accept the allocation, transfer the funds to the desk's published bank account, and once we verify payment the shares are transferred into your demat.
Who am I actually transacting with?
You transact with the desk, not with an anonymous counterparty. When you buy, you buy from the desk; when you sell, you sell to the desk. Shares always route through the desk's own demat account, so there's one accountable party for the whole trade.
How do I pay, and is there a payment gateway?

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