What does Commercial Properties & Merchandise Ltd do?

The company is primarily engaged in the ownership and management of commercial properties in Kolkata, West Bengal. It is one of India's oldest formally registered real estate companies, dating to 1919, and is believed to hold legacy properties in Kolkata's central business districts.

Is Commercial Properties & Merchandise Ltd listed on any exchange?

No, the company is unlisted. Its shares are not traded on BSE or NSE. It is classified as an unlisted public limited company registered with the Registrar of Companies, West Bengal.

Why was this company incorporated in 1919?

The company was incorporated during British India in 1919, during a period of significant commercial activity in Kolkata, which was then the commercial capital of British India. Many trading houses and property holding companies were established in this era to manage colonial-era commercial estates.

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 Commercial Properties & Merchandise?

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 Commercial Properties & Merchandise 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.

Commercial Properties & Merchandise Unlisted Share Price | Buy Commercial Properties & Merchandise Pre-IPO Shares — wisefolio

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

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Commercial Properties & Merchandise Unlisted Share Price | Buy Commercial Properties & Merchandise Pre-IPO Shares — wisefolio | wisefolio

Investment Thesis

Commercial Properties & Merchandise Ltd is a century-old Kolkata-based property holding company with very limited public visibility. Its primary value lies in the potential embedded worth of legacy commercial properties in Kolkata. However, the combination of extreme illiquidity, opacity, West Bengal's regulatory environment, and the relative underperformance of Kolkata's commercial real estate market make this a highly speculative and difficult-to-value investment.

Pros

Extremely old and established entity (incorporated 1919), suggesting deep-rooted ownership of prime Kolkata real estate accumulated over decades
Legacy commercial properties in Kolkata's central business district (BBD Bagh, Park Street) likely carry significant embedded value well above historical book cost
Low leverage likely given the age and conservative financial culture of pre-independence Bengal companies
Stable rental income from long-term commercial leases provides predictable cash flows
Century-old legal entity with established title and ownership records, reducing legal risk on properties

Cons

Older Kolkata commercial properties may require significant capital expenditure for renovation and compliance with modern building codes
West Bengal's historically challenging business environment and rent control legislation may limit rental yield optimisation
Very low price (₹500/share) with no liquidity — no established secondary market for shares
Company's age and legacy ownership structures may mean complex family disputes or fractured shareholding patterns typical of pre-independence Indian companies
Kolkata's commercial real estate market has underperformed compared to Mumbai, Delhi, and Bengaluru over the last two decades

Business Segments

Commercial Property Leasing

Rental income from ownership and leasing of commercial office and retail properties in Kolkata, primarily in the central business district areas of West Bengal.

Property Management Services

Management and maintenance services for owned and potentially third-party commercial properties.

Merchandise / Trading

Legacy trading activities suggested by 'Merchandise' in the company name — likely a historical business that may now be dormant or minimal.

Revenue Model

The company's primary revenue model is property rental income — owning commercial properties and leasing them to tenants on long-term lease agreements. The 'Merchandise' component in its name suggests the company may have historically also traded goods, but commercial property management is the core contemporary business. Revenue is driven by rental yields from Kolkata's commercial real estate market.

Detailed Analysis

Growth outlookExpansion plans, industry tailwinds & headwinds10

Growth Plans

Kolkata's potential emergence as a back-office and IT hub driving demand for Grade-B commercial properties

Potential strategic buyer interest in legacy Kolkata property portfolios

West Bengal policy reforms improving ease of doing business and attracting corporate tenants

Industry Tailwinds

Kolkata's potential emergence as a back-office and IT hub driving demand for Grade-B commercial properties

Recent Developments

Continued Unlisted Status

The company continues to operate as an unlisted entity. No public announcements, capital raises, or IPO filings have been recorded in recent years.

2023-00

Comparable Companies

CompanyTypeTickerMkt Cap

Kolkata-based legacy property companies (e.g., Gillanders Arbuthnot)ListedGILLANDCO.BSE~₹300 Cr

Bengal & Assam Company LimitedListedBENGALASSAM.BSE~₹500 Cr

Orient Paper & Industries (legacy diversified)ListedORIENTPPR.BSE~₹700 Cr

Kolkata-based legacy property companies (e.g., Gillanders Arbuthnot)Listed

GILLANDCO.BSE · ~₹300 Cr

Frequently Asked Questions

About Commercial Properties & Merchandise

Commercial Properties & Merchandise Ltd is one of India's oldest surviving commercial real estate companies, incorporated on 19 September 1919 — over a century ago — in Kolkata, West Bengal. The company is registered at 135A, Biplabi Rashbehari Basu Road, Kolkata 700001, placing it at the heart of Kolkata's historic commercial district. With an authorised and paid-up capital of ₹10.40 lakh, the company remains a micro-scale entity despite its extraordinary heritage. The company is classified under NIC code 70101 (Real estate activities with own or leased property), indicating that it holds and manages commercial real estate assets. This positions it as a property holding and management company rather than a property developer. Kolkata, once India's commercial capital, retains significant historic commercial real estate value, and older entities like Commercial Properties & Merchandise often hold century-old properties with considerable latent value. Directors of the company include Sajan Kumar Bajaj and Goutam Chakraborty. The company last held its AGM on 27 November 2021 and filed financials up to March 2021. Despite the long history, the company appears to operate on a minimal scale with very limited financial activity based on available public data. The company's tiny paid-up capital (₹10.40 lakh) suggests that its equity base has not been modernized since incorporation. For investors, the key attraction of such century-old companies is typically the underlying real estate assets, which may have appreciated significantly in value over 100 years. However, the very small scale of operations, minimal equity capital, and limited financial transparency make this a speculative holding. Commercial Properties & Merchandise is a dormant-to-minimal-activity company that holds historical significance as a pre-independence era incorporation.

Key Milestones

1919 — Incorporated in Calcutta (now Kolkata), West Bengal during British India; one of India's first formally registered commercial property companies

Common questions about unlisted shares

How do I buy Commercial Properties & Merchandise 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?

Commercial Properties & Merchandise Ltd

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