What is the history of Fedders Electric and Engineering Limited?

Fedders Electric and Engineering Limited was incorporated in 1957 in Uttar Pradesh, India, as part of the Fedders Corporation group, a major US-based air conditioning and HVAC company. Its Indian operations focused on electrical engineering and HVAC systems.

What happened to Fedders Corporation?

Fedders Corporation USA filed for Chapter 11 bankruptcy in 2007 after facing financial difficulties. This had significant implications for its global subsidiaries, including the Indian operations.

Why is Fedders Electric's share price at Rs 0.10?

A price of Rs 0.10 suggests the company may be near-dormant, restructuring, or severely loss-making. This is consistent with the disruption caused by the parent company's bankruptcy.

What does Fedders Electric and Engineering do?

The company operates in electrical EPC (Engineering, Procurement, and Construction) and HVAC systems, serving industrial, commercial, and infrastructure clients in India.

How do I buy Fedders Electric and Engineering 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 Fedders Electric and Engineering?

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 Fedders Electric and Engineering 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.

Fedders Electric and Engineering Unlisted Share Price | Buy Fedders Electric and Engineering 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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Fedders Electric and Engineering Unlisted Share Price | Buy Fedders Electric and Engineering Pre-IPO Shares — wisefolio | wisefolio

Investment Thesis

Fedders Electric and Engineering Limited is a distressed legacy engineering company whose historical significance as a 1957-vintage HVAC and EPC player has been eclipsed by decades of financial deterioration following its US parent's bankruptcy. With a share price of Rs 0.10, the company effectively represents a deep distress or dormant investment situation. Revival is possible only with decisive strategic intervention.

Pros

One of India's oldest electrical engineering companies, incorporated in 1957, with deep industry expertise
Historical presence in HVAC and electrical EPC segments which are high-growth areas in modern India
Established manufacturing infrastructure in Uttar Pradesh developed over decades
EPC capabilities in electrical systems relevant to India's large infrastructure spending programs

Cons

Extremely low share price at Rs 0.10 (deep penny stock) indicating severe financial distress or near-dormant operations
Parent company Fedders Corporation USA went bankrupt in 2007, causing major disruption to Indian operations
Business model continuity unclear following parent's collapse and subsequent restructuring
Highly competitive EPC and HVAC market with well-funded listed players (Blue Star, Voltas, Thermax)
Age of the company and legacy infrastructure may require significant capital expenditure for modernisation

Business Segments

Electrical EPC

Engineering, Procurement, and Construction of electrical infrastructure including substations, power distribution systems, and industrial electrical installations

HVAC Systems

Heating, Ventilation, and Air Conditioning system supply, installation, and maintenance for commercial and industrial clients

Manufacturing

Manufacturing of electrical and HVAC equipment components at its Uttar Pradesh facility

Revenue Model

Fedders Electric operates as an EPC contractor and systems integrator for electrical and HVAC projects. Revenue is derived from project-based contracts involving engineering design, equipment procurement, and installation. The company may also generate revenue from equipment manufacturing and maintenance services.

Detailed Analysis

Growth outlookExpansion plans, industry tailwinds & headwinds12

Growth Plans

Potential revival through acquisition by a strategic buyer seeking EPC capabilities or Uttar Pradesh manufacturing assets

India's National Infrastructure Pipeline and PM Gati Shakti driving demand for electrical EPC services

HVAC market growth driven by urbanisation and rising temperatures in North India

Debt restructuring or NCLT proceedings leading to a cleaner balance sheet

Industry Tailwinds

Recent Developments

Minimal Public Disclosures

The company has limited public disclosures given its unlisted, penny stock status. Operations appear to be at a very reduced scale compared to its historical peak.

2023

India EPC Sector Growth

While the broader electrical EPC sector benefits from India's infrastructure push under PM Gati Shakti and National Infrastructure Pipeline, Fedders Electric has not visibly capitalised on this due to its operational constraints.

2022

Comparable Companies

CompanyTypeTickerMkt Cap

Blue Star LimitedListedBLUESTARCO~Rs 18,000 Cr

Voltas LimitedListedVOLTAS~Rs 25,000 Cr

Thermax LimitedListedTHERMAX~Rs 24,000 Cr

Blue Star LimitedListed

BLUESTARCO · ~Rs 18,000 Cr

Frequently Asked Questions

About Fedders Electric and Engineering

Fedders Electric and Engineering Limited is a Uttar Pradesh-based engineering company incorporated in 1957 (CIN: L29299UP1957PLC021118) specializing in electrical EPC (engineering, procurement, and construction), HVAC (heating, ventilation, and air conditioning) systems, and related engineering services. With over 65 years of operations, Fedders Electric is one of India's oldest engineering services companies. The company provides turnkey electrical and mechanical engineering solutions to industrial, commercial, and infrastructure projects across India. Its services include power distribution, HVAC design and installation, electrical contracting, and building services engineering. Fedders Electric has demonstrated strong financial performance — reporting revenues of approximately Rs 524.49 crore in FY2024 with a PAT of Rs 88.55 crore, reflecting excellent profitability with ~17% PAT margins. These margins are exceptional for an EPC company and suggest strong project execution and pricing power. Significantly, Fedders Electric is in the process of delisting from exchanges, with the delisting process expected to complete in March 2026. This voluntary delisting reflects promoter confidence or desire for private operations. For investors currently holding shares, the open offer price under the delisting process is the relevant exit consideration. Pre-delisting shares of Fedders Electric are available through platforms like UnlistedZone, though the delisting timeline is an important factor for investors.

Key Milestones

1957: Fedders Electric and Engineering Limited incorporated in Uttar Pradesh as part of Fedders Corporation's India operations

Common questions about unlisted shares

How do I buy Fedders Electric and Engineering 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?

Fedders Electric and Engineering Limited

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