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Unlisted shares are illiquid and carry higher risk than listed securities. Prices are indicative, not live. Read the risk disclosure.

Valuation
Financials (FY2023-24)
Investment Thesis
ATN International Limited is a legacy Kolkata-based public company with a share price of INR 0.01, strongly suggesting minimal or dormant business activity. The combination of an extremely low price, limited public information, and unlisted status makes this a very high-risk penny stock with virtually no investment merit based on available data. Investors should approach with extreme caution.
Pros
Cons
Business Segments
Investment Banking
Investment and trading in shares and securities; providing loans and advances.
Satellite TV Channel
Engages in satellite television channel operations.
Revenue Model
Insufficient public information is available to describe ATN International's current revenue model. Based on its stated sub-sectors, revenue would theoretically derive from financial advisory/investment banking fees and media content or distribution revenues. Given the INR 0.01 share price, current revenue generation may be negligible.
Detailed Analysis
Growth Plans
Potential revival of business under new management
Asset monetisation if legacy assets exist on the balance sheet
Industry Tailwinds
Potential revival of business under new management
Asset monetisation if legacy assets exist on the balance sheet
Industry Headwinds
Recent Developments
The company maintains its listing on NSE, BSE and CSE. No major fundraising or expansion announcements found in public sources for 2024.
2024Comparable Companies
Merchant banking and investment banking services — industry benchmark for the sector
Frequently Asked Questions
About ATN International
ATN International Limited is a Kolkata-based financial services and media company with over four decades of corporate history. Originally incorporated in December 1983 as Arihant Consultants Private Limited, the company was converted into a public limited company and later renamed ATN International Limited. The company is listed on NSE, BSE, and the Calcutta Stock Exchange (CSE), with a paid-up capital of ₹15.78 crore. ATN International has positioned itself at the intersection of investment banking and satellite television, operating across two distinct business verticals. The company's financial services arm encompasses investment banking activities including merchant banking services, consultancy, corporate counselling, and advisory on mergers and amalgamations. These services cater to mid-market Indian companies seeking capital market advice, corporate restructuring, and M&A advisory. ATN's merchant banking heritage dates to the 1980s when it was one of several merchant bankers serving the post-liberalisation corporate landscape. Founded in 1983 in Delhi-Haryana jurisdiction, ATN International subsequently transferred its registered office to Kolkata, West Bengal. This migration reflects the company's evolution from a Delhi-centric consultancy to a diversified financial services and media entity. The company's satellite TV channel operations represent a diversification into media, likely leveraging the growth of regional satellite broadcasting in India from the 1990s onwards. ATN International operates with a relatively modest balance sheet commensurate with its mid-market financial advisory positioning. The company's 40+ year operational history and triple-exchange listing (NSE, BSE, CSE) provide some institutional credibility. However, as a small-cap financial services firm in an increasingly competitive landscape dominated by large investment banks and boutique advisory firms, ATN faces the challenge of differentiating its service offerings to retain and grow its client base.
Key Milestones
Common questions about unlisted shares
You buy from and sell to the wisefolio desk — shares route through the desk's demat, money-in before shares-out.
You enquire
· Takes 2 minutesTell us the company and quantity you want. Share your demat details so we can settle directly into your account.
We source & quote
· Typically within 1 business dayOur desk sources the shares and comes back with a firm price and an allocation for the quantity available.
You accept the allocation
· Quote valid for 3 daysReview the price, quantity and total. Accept to lock the allocation. The quote is valid for a short window before it needs re-pricing.
You transfer the funds
· Pay within 2 days of acceptingPay by direct bank transfer to the desk's published account — never to a personal account. We confirm receipt and begin the transfer.
Shares reach your demat
· Usually credited within 2–3 business daysOnce payment is verified, the shares are transferred from the desk's demat into yours, and you receive a transfer confirmation.
A principal desk for unlisted & pre-IPO shares — you transact with us, not a stranger.
You enquire
Takes 2 minutes
We source & quote
Typically within 1 business day
You accept the allocation
Quote valid for 3 days
You transfer the funds
Pay within 2 days of accepting
Shares reach your demat
Usually credited within 2–3 business days
Unlisted shares are illiquid and carry higher risk. Pricing is indicative, not live, and these are private off-market transactions with no exchange settlement guarantee. Read the full risk disclosure.
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Company strike-off or winding up proceedings
Total loss of invested capital given negligible share price
Regulatory action for non-compliance
Company reported a net loss of ₹0.12 Cr (FY2023-24) — may signal structural profitability challenges
Source: Financial data
The INR 0.01 price strongly suggests the company may have negligible or no active business operations, making capital loss a near-certain risk for new investors.
Source: AlphaHub Research
Absence of public financial disclosures means investors cannot assess solvency, profitability, or management quality.
Source: AlphaHub Research
With minimal market activity and an unlisted status, exiting an investment position may be extremely difficult.
Source: Media Reports / Public Records
Companies with prolonged non-compliance may face MCA strike-off proceedings, rendering shares worthless.
Source: Media Reports / Public Records
The INR 0.01 price strongly suggests the company may have negligible or no active business operations, making capital loss a near-certain risk for new investors.
Absence of public financial disclosures means investors cannot assess solvency, profitability, or management quality.
With minimal market activity and an unlisted status, exiting an investment position may be extremely difficult.
Companies with prolonged non-compliance may face MCA strike-off proceedings, rendering shares worthless.
Mid-market investment banking advisory services — comparable business model
Originally incorporated in 1983 as Arihant Consultants Private Limited under Companies Act 1956
Registered office transferred from Delhi/Haryana to West Bengal
Renamed to A T N International Limited; listed on NSE, BSE, CSE
Revenue declined to Rs.0.32 Cr with Rs.0.12 Cr loss — near-dormant status

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