What is the Bhuruka Group?

The Bhuruka Group is a Bangalore-based industrial conglomerate with diversified interests spanning industrial gases, engineering services, and infrastructure. The group has been a significant participant in Karnataka's industrial economy since the 1970s, with Bhuruka Gases being its industrial gases arm.

Is Bhuruka Gases Limited still operational?

Given the ₹0.01 share price, the current operational status of Bhuruka Gases Limited as a standalone entity is uncertain. The Bhuruka Group's industrial gas business may continue under a different group entity. Investors should check MCA filings (CIN: U40100KA1974PLC002568) for recent annual reports and director changes.

Who are the promoters of Bhuruka Gases Limited?

Bhuruka Gases Limited is associated with the Bhuruka Group, a Bangalore-based industrial group. Specific promoter names and current shareholding are not confirmed through public sources and should be verified via MCA filings.

How do I buy Bhuruka Gases 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 Bhuruka Gases?

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 Bhuruka Gases 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.

Bhuruka Gases Unlisted Share Price | Buy Bhuruka Gases Pre-IPO Shares — wisefolio

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Bhuruka Gases Unlisted Share Price | Buy Bhuruka Gases Pre-IPO Shares — wisefolio | wisefolio

Investment Thesis

Bhuruka Gases Limited is a 1974-vintage Bangalore industrial gas manufacturer associated with the Bhuruka Group. The share price of ₹0.01 strongly suggests the entity is either dormant, struck off, or has undergone severe financial restructuring with near-complete equity erosion. While India's industrial gases market has excellent structural demand fundamentals, these benefits are not accessible to investors through this specific distressed entity. Investors should verify MCA status and avoid this entity without thorough investigation of its current legal and operational standing.

Pros

ISIN INE880D01029 confirmed; BSE listed (509728) — exchange-regulated with secondary market.
Revenue ₹73 Cr (FY24) — operationally active specialty gas manufacturer with meaningful scale.
Products: specialty pure gases, gas cylinders, gas regulators (Bhoruka Specialty Gases brand) — niche industrial and laboratory gas supplier.
Whitefield, Bangalore location — access to India's largest technology and semiconductor cluster driving specialty gas demand.
50+ years of operations since 1974 — deep expertise in industrial gas manufacturing and distribution.

Cons

Revenue declined significantly in FY24 vs prior year (-42% per available data) — major revenue drop warrants scrutiny.
Small paid-up capital Rs.2.73 Cr vs Rs.73 Cr revenue — extremely thin capital relative to revenue; operational leverage risk.
Industrial gases face competition from Air Liquide, Linde, Air Products (global majors) with far greater resources.
Specialty gas manufacturing requires high purity infrastructure; capex-intensive maintenance requirements.

Business Segments

Specialty & Pure Gas Manufacturing

Manufacturing and distribution of specialty pure gases, high pure gases under Bhoruka Specialty Gases brand for industrial, laboratory, and medical markets.

Gas Equipment

Manufacturing and sale of gas cylinders and gas regulators.

Revenue Model

Bhuruka Gases Limited (if currently operational) generates revenue from the sale of industrial gases — oxygen, nitrogen, acetylene, and argon — to industrial customers including steel plants, fabrication workshops, hospitals, and engineering companies in the Bangalore/Karnataka region. Revenue is driven by gas volumes sold, with pricing linked to market rates for industrial gases.

Detailed Analysis

Growth outlookExpansion plans, industry tailwinds & headwinds12

Growth Plans

India's manufacturing sector growth driving demand for industrial gases

Potential acquisition of Bhuruka Gases' assets or operations by a larger industrial gas group

Any group-level revival, restructuring, or merger could provide a pathway for the entity

COVID-19-driven awareness of domestic medical oxygen infrastructure needs supports government policy for domestic production

Industry Tailwinds

Recent Developments

India industrial gases sector consolidation

India's industrial gases sector has seen significant consolidation with global players like Linde, Air Products, and Air Liquide expanding capacity. Smaller domestic producers face competitive pressure from these large players' scale economics and technology advantages.

2023-01

Medical oxygen demand post-COVID normalisation

Following the COVID-19-driven surge in medical oxygen demand in 2021, the medical oxygen market has normalised. However, the episode highlighted India's need for reliable industrial gas infrastructure, potentially benefiting established producers with existing capacity.

2022-06

Comparable Companies

CompanyTypeTickerMkt Cap

Linde India LimitedListedLINDEINDIA~50,000 Cr

Inox Air Products LimitedListedINOXAIR~20,000 Cr

Goyal MG Gases Pvt Ltd (Unlisted)ListedUnlisted—

Linde India LimitedListed

LINDEINDIA · ~50,000 Cr

Frequently Asked Questions

Bhuruka Gases Limited is a Bangalore-based industrial gases manufacturer, part of the Bhuruka Group. The company is engaged in the production and distribution of industrial and specialty gases including oxygen, nitrogen, acetylene, and argon, used in steel manufacturing, healthcare, metal fabrication, and engineering industries. It was incorporated in 1974 as one of Karnataka's early industrial gas producers.

A share price of ₹0.01 (one paisa) indicates near-complete equity erosion, possible dormancy, or that the entity has been superseded by restructuring within the Bhuruka Group. This could reflect accumulated losses, a capital reduction, or a group-level reorganisation where business operations were transferred to another entity. Investors should verify the company's current active/struck-off status on the MCA portal.

Industrial gases produced by companies like Bhuruka are used across multiple industries: oxygen is used in steelmaking, hospitals, and metal cutting; nitrogen for inert blanketing, food packaging, and electronics; acetylene for welding and cutting; and argon as a shielding gas in welding and specialty manufacturing. These are critical industrial inputs with broad application across India's manufacturing base.

About Bhuruka Gases

Bhuruka Gases Limited is a Bangalore-based industrial and specialty gases manufacturer incorporated in 1974. One of India's established players in the industrial gases space, the company manufactures oxygen, nitrogen, argon, and other industrial gases for use across healthcare, manufacturing, and industrial applications. Headquartered in Bangalore, Karnataka, the company serves clients across South India's industrial belt. The company reported revenue of approximately ₹73 crore in FY2024, though this represents a significant decline of approximately 42% year-on-year — a steep drop that raises questions about the underlying business dynamics. Additionally, the company's EBITDA CAGR has been deeply negative, suggesting that profitability has been under severe pressure for multiple years. Bhuruka Gases was established in 1974, during India's early industrialisation phase, and has built a 50-year track record in industrial gas supply across Karnataka and South India. Industrial gases are a critical input across sectors including steel making (oxygen/nitrogen for blast furnaces), healthcare (medical oxygen/nitrogen), electronics manufacturing (specialty gases), food processing (nitrogen for packaging), and welding/cutting (acetylene, oxygen). Bangalore's position as India's technology manufacturing hub — with semiconductor assembly, electronics manufacturing, and aerospace facilities — creates inherent demand for specialty gases. However, the 42% revenue decline in FY2024 raises concerns about whether Bhuruka Gases has lost major customers to competitors, faced operational issues, or is experiencing pricing pressure. The industrial gases market is capital-intensive, requiring significant investment in cryogenic plants, cylinder fleets, and distribution infrastructure. Established players like Linde India, Air Liquide, and Inox Air Products dominate the large-scale industrial gas segment, while smaller regional players like Bhuruka fill niche roles. The revenue decline may reflect competitive displacement by these larger players.

Key Milestones

Common questions about unlisted shares

How do I buy Bhuruka Gases 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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