What does Bihariji Ispat Udyog Limited do?

Bihariji Ispat Udyog Limited, despite its name suggesting a steel/iron business ('Ispat' means steel in Hindi), currently operates as an NBFC (Non-Banking Finance Company) engaged in lending and investment activities. The company was originally incorporated in 1974 as an iron and steel manufacturer before transitioning to financial services.

Why does the company have 'Ispat' (steel) in its name but operate as an NBFC?

The company was originally incorporated in 1974 under CIN L27109DL1974PLC007047, where '27109' refers to the iron and steel industry code. Over the decades, the company shifted its primary business from steel manufacturing to financial services (NBFC), while retaining its original registered name.

Is Bihariji Ispat Udyog Limited an RBI-registered NBFC?

Based on its classification in the Financial Services sector as an NBFC involved in lending and investments, the company is understood to be RBI-registered. Investors should verify the current RBI NBFC registration status directly through RBI's official NBFC register.

Who are the promoters of Bihariji Ispat Udyog Limited?

Promoter details are not confirmed through public sources. Given its 1974 vintage and New Delhi base, the company may be promoter-held by a Delhi-based industrial or business family. Investors should refer to MCA filings (CIN: L27109DL1974PLC007047) for current director and shareholder information.

What is the ISIN of Bihariji Ispat Udyog Limited?

The ISIN has not been confirmed through publicly available sources. Investors should verify with depositories (NSDL/CDSL) or check MCA filings to confirm ISIN details.

Is Bihariji Ispat Udyog Limited planning an IPO?

No IPO plans have been announced. The company remains unlisted as of 2025. Its very long history as an unlisted entity suggests the promoters have not prioritised a public market listing.

How do I buy Bihariji Ispat Udyog 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 Bihariji Ispat Udyog?

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 Bihariji Ispat Udyog 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.

Bihariji Ispat Udyog Unlisted Share Price | Buy Bihariji Ispat Udyog Pre-IPO Shares — wisefolio

Investment Thesis

Bihariji Ispat Udyog Limited is a 50+ year old Delhi-based entity that has transformed from an iron and steel company into an NBFC. While its longevity and RBI registration are positives, the absence of public financial data, unknown promoter identity, and very limited information available make this a high-uncertainty investment. Due diligence through MCA filings and direct verification with the company is essential before any investment.

Pros

Over 50 years of corporate existence since 1974 — one of Delhi's long-standing registered companies with deep institutional history
Registered NBFC under Reserve Bank of India, providing regulatory legitimacy for lending and investment activities
New Delhi location provides access to the national capital region's large and diverse financial markets
Share price of ₹58 suggests some investor interest and a moderate valuation base for an unlisted NBFC
India's NBFC sector is structurally important for credit delivery to segments underserved by commercial banks

Cons

Original business (ispat/steel) has been replaced by financial services — company underwent a significant business transformation, which may indicate historical operational difficulties in the core manufacturing segment
CIN prefix 'L27109' (steel/iron) no longer reflects actual business activity as an NBFC — potential misclassification risk in regulatory databases
Limited public financial disclosures as an unlisted NBFC; investor diligence is constrained
NBFC sector faces heightened RBI scrutiny post-IL&FS and DHFL crises, increasing compliance burden
Small-scale NBFCs face intense funding cost disadvantages versus commercial banks and large systemically important NBFCs
No confirmed promoter information available in public domain

Business Segments

NBFC Lending

Provision of loans to individuals and businesses including secured and unsecured lending products

Investment Activities

Investment in financial instruments including equity, debt securities, and other market instruments as permitted under NBFC regulations

Revenue Model

Bihariji Ispat Udyog Limited generates revenue primarily through interest income on loans and advances disbursed to borrowers, and through investment income from securities held. As an NBFC, its net interest margin (NIM) between borrowing costs and lending rates is the primary profitability driver.

Detailed Analysis

Growth outlookExpansion plans, industry tailwinds & headwinds9

Growth Plans

India's underpenetrated credit market provides structural growth for NBFCs

Delhi/NCR's large SME and retail borrower base represents an addressable lending market

Potential corporate restructuring or merger with a larger financial services entity

Industry Tailwinds

India's underpenetrated credit market provides structural growth for NBFCs

Recent Developments

RBI scale-based NBFC regulation implementation

RBI's revised scale-based regulatory framework for NBFCs (effective 2022-23) introduced enhanced compliance requirements for NBFCs across asset size tiers. This may impact operating costs and governance standards for smaller NBFCs like Bihariji Ispat Udyog Limited.

2023-01

Comparable Companies

CompanyTypeTickerMkt Cap

Muthoot FinanceListedMUTHOOTFIN~80,000 Cr

Manappuram FinanceListedMANAPPURAM~15,000 Cr

IIFL FinanceListedIIFL~20,000 Cr

Muthoot FinanceListed

MUTHOOTFIN · ~80,000 Cr

Frequently Asked Questions

About Bihariji Ispat Udyog

Bihariji Ispat Udyog Limited is a Delhi-based company incorporated on 19 January 1974 that has undergone a significant transformation from its original steel and iron products mandate to become a Non-Deposit Taking Non-Banking Finance Company (NBFC). The company has been registered with the Reserve Bank of India as an NBFC-ND (Non-Deposit Taking) and is engaged in advancing loans and investing/trading in securities. The company has an interesting history: originally established as Bihariji Finance and Traders Limited, it was renamed on 20 February 1986 to Bihariji Ispat Udyog Limited — suggesting a pivot to the iron and steel business at that time. However, the current primary business activity is NBFC lending and securities investments, effectively a second major pivot back to financial services. This evolution reflects India's common pattern of legacy companies repurposing their corporate shells for new activities. The company is listed on the Metropolitan Stock Exchange of India (MSE), with an authorised share capital of ₹6 crore and a fully paid-up capital of ₹6 crore. Its registered address is at 602 Chiranjiv Tower, 43 Nehru Place, New Delhi 110019 — the Nehru Place commercial hub known as Delhi's technology and financial district. As an NBFC-ND, Bihariji Ispat focuses on advancing loans and investment in securities without accepting public deposits. This conservative NBFC model reduces regulatory complexity compared to deposit-taking NBFCs but limits funding sources to own capital and bank borrowings. The Nehru Place address is strategic for financial services activities given the district's role as a hub for fintech, IT, and financial companies. With a fully paid-up capital of ₹6 crore and NBFC registration, the company has a modest but functioning financial services platform. The MSE listing provides some regulatory oversight and share transferability.

Key Milestones

Incorporated in 1974 in Delhi as an iron and steel manufacturer (CIN: L27109DL1974PLC007047)

Common questions about unlisted shares

How do I buy Bihariji Ispat Udyog 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?

Bihariji Ispat Udyog Limited

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