What does Hira Ferro Alloys Limited do?

Hira Ferro Alloys Limited is engaged in the manufacturing of ferro alloys, briquettes, and fly ash products. Ferro alloys are key raw materials for steel production, and the company supplies to metallurgical and steel plants. It is part of the Hira Group, a conglomerate with significant presence in Chhattisgarh across power, steel, and manufacturing.

Who are the promoters of Hira Ferro Alloys Limited?

Hira Ferro Alloys is associated with the Hira Group, a Raipur-based business conglomerate with interests in ferro alloys, power, and steel. The promoter family is from Chhattisgarh and controls multiple companies under the Hira Group umbrella.

Is Hira Ferro Alloys Limited planning an IPO?

There are no confirmed public reports of an IPO plan for Hira Ferro Alloys Limited as of mid-2025. The company remains unlisted and privately held.

Where does Hira Ferro Alloys operate?

The company is headquartered and operates from Urla Industrial Area, Raipur, Chhattisgarh — a major industrial belt in central India known for steel and mining activity.

How do I buy Hira Ferro Alloys Limited 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 Hira Ferro Alloys Limited?

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 Hira Ferro Alloys Limited 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.

Hira Ferro Alloys Limited Unlisted Share Price | Buy Hira Ferro Alloys Limited 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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Hira Ferro Alloys Limited Unlisted Share Price | Buy Hira Ferro Alloys Limited Pre-IPO Shares — wisefolio | wisefolio

Investment Thesis

Hira Ferro Alloys Limited is a long-standing unlisted ferro alloys manufacturer based in Chhattisgarh. With over four decades of operations and a diversified product portfolio, the company benefits from India's growing steel sector. However, limited public financial disclosures and the cyclical nature of the ferro alloys industry pose challenges for investor assessment.

Pros

Long-established company incorporated in 1984 with over 40 years of operational history in the ferro alloys sector in Chhattisgarh, a key mineral-rich state.
Located in Urla Industrial Area, Raipur — one of Chhattisgarh's major industrial hubs — providing logistical and raw material proximity advantages.
Diversified product range including ferro alloys, briquettes, and fly ash products, catering to steel and metallurgical industries.

Cons

Unlisted on major stock exchanges, resulting in limited liquidity for investors and limited public disclosure of financials.
Ferro alloys industry is highly cyclical, with revenues dependent on steel sector demand and commodity price fluctuations.
No confirmed recent fundraising rounds or expansion news available in public domain, suggesting limited growth capital injection.

Business Segments

Ferro Alloys

Manufacturing of ferro alloys used as alloying agents in steel production

Briquettes

Production of coal/mineral briquettes for industrial fuel use

Fly Ash Products

Utilization of fly ash from power plants to manufacture value-added products

Revenue Model

Revenue is primarily derived from manufacturing and selling ferro alloys (such as silico manganese and ferro silicon) to steel mills and foundries. Additional revenue comes from briquettes and fly ash-based products sold to industrial customers.

Detailed Analysis

Growth outlookExpansion plans, industry tailwinds & headwinds6

Growth Plans

India's steel capacity expansion plans drive ferro alloy demand

Government infrastructure spending boosting domestic steel consumption

Industry Tailwinds

India's steel capacity expansion plans drive ferro alloy demand

Government infrastructure spending boosting domestic steel consumption

Comparable Companies

CompanyTypeTickerMkt Cap

Hindustan Zinc LimitedListedHINDZINC180000 Cr

Maithan Alloys LimitedPE: 10xxListedMAITHANALL2500 Cr

IMFA (Indian Metals & Ferro Alloys)PE: 12xxListedIMFA3000 Cr

Hindustan Zinc LimitedListed

Frequently Asked Questions

About Hira Ferro Alloys Limited

Hira Ferro Alloys Limited is a Raipur, Chhattisgarh-based manufacturer of ferro alloys, briquettes, and fly ash bricks, incorporated on 31 December 1984. With CIN U27101CT1984PLC005837, the company has four decades of manufacturing experience in ferro alloys production for the Indian steel industry. Revenue for FY2023-24 was Rs 300-400 crore, though revenue declined 21.99% YoY. The company manufactures ferro silicon, ferro manganese, silico manganese, and related ferro alloys used as alloying agents in steel production. It also produces fly ash bricks (an eco-friendly construction material) and various briquettes. The company is ISO 9001:2015 and ISO 14001:2015 certified, reflecting quality and environmental standards. Hira Ferro reduced its borrowings by 42.73% despite the revenue decline, demonstrating strong financial management. Authorised capital is Rs 133.6 crore with paid-up capital of Rs 133.2 crore. EBITDA declined 29.05% and net profit fell 62.36% in FY2023-24, reflecting cyclical steel sector challenges. Chhattisgarh's mineral-rich environment makes it India's largest state for ferro alloys production, giving Hira Ferro access to key raw materials.

Key Milestones

Incorporated in 1984 in Chhattisgarh (then Madhya Pradesh) as part of the Hira Group

Established manufacturing facility in Urla Industrial Area, Raipur

Common questions about unlisted shares

How do I buy Hira Ferro Alloys Limited 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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