What is IHP Finvest Limited?

IHP Finvest Limited is an unlisted NBFC and investment holding company incorporated in 1996 in Mumbai, functioning as the financial services arm of the Indian Hume Pipe (IHP) Group. It is registered with the RBI under the Investment & Holdings category.

Is IHP Finvest regulated by the RBI?

Yes. Being classified as an NBFC – Investment & Holdings Company, IHP Finvest is regulated by the Reserve Bank of India and must comply with applicable prudential norms for such entities.

How is IHP Finvest related to Indian Hume Pipe Company?

IHP Finvest Limited is the investment and financial services subsidiary of the Indian Hume Pipe Group. The promoters of the group hold controlling stakes in IHP Finvest, making it a group-level treasury and investment vehicle.

Can retail investors buy shares in IHP Finvest?

As an unlisted company, shares of IHP Finvest are not traded on BSE or NSE. Transactions typically occur through the unlisted shares market (grey market) via intermediaries. Due diligence is essential given limited public disclosures.

How do I buy IHP Finvest 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 IHP Finvest 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 IHP Finvest 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.

IHP Finvest Limited Unlisted Share Price | Buy IHP Finvest Limited Pre-IPO Shares — wisefolio

Investment Thesis

IHP Finvest Limited is a stable but illiquid investment holding vehicle for the IHP Group. It suits investors seeking indirect exposure to the IHP Group's infrastructure business through a holding company structure. However, the lack of an ISIN, minimal public disclosure, and concentration risk make it suitable only for well-informed, long-horizon investors comfortable with unlisted market dynamics.

Pros

Part of the well-established Indian Hume Pipe (IHP) Group, a legacy conglomerate with over 90 years of operating history in India's infrastructure sector
Operates as a captive investment and financial services arm of the IHP Group, providing stable intra-group funding and treasury management functions
Classified as an NBFC – Investment & Holdings Company, a regulated category under RBI, ensuring compliance oversight and institutional credibility
Mumbai-based headquarters gives access to India's primary financial markets, banking counterparties, and capital markets ecosystem
High per-share price of ₹3,600 suggests limited float and value concentration typical of holding company structures, which can mean stable asset backing
Low operational leverage typical of investment holding NBFCs can translate into resilience during economic downturns relative to lending NBFCs

Cons

No publicly available ISIN, which severely limits secondary market tradability and price discovery for retail investors
As an investment holding company, revenue and earnings are largely dependent on dividends and capital gains from group companies, making income irregular
Limited public disclosure norms for unlisted NBFCs result in lower transparency compared to listed peers
Concentrated exposure to the IHP Group means any financial stress within the parent or sister companies would directly impact this entity
Thin trading volumes expected in the unlisted segment given niche holding company character and high per-share price
No publicly accessible website has been identified, limiting investor communications and due diligence capability

Business Segments

Investment & Holdings

Investment in group company equities, inter-corporate deposits, and treasury management activities on behalf of the IHP Group

Revenue Model

IHP Finvest earns revenue primarily through dividends received from investee group companies, interest on inter-corporate deposits and loans, and potential capital gains on investment disposals. As an investment holding NBFC, it does not engage in retail lending or deposit-taking.

Detailed Analysis

Growth outlookExpansion plans, industry tailwinds & headwinds9

Growth Plans

Increased infrastructure spending in India's Union Budgets supporting Indian Hume Pipe Company's order book

Potential restructuring or strategic listing of IHP Group entities, which could unlock value in the holding company

RBI regulatory frameworks increasingly recognizing the role of holding NBFCs could improve governance standards

Industry Tailwinds

Increased infrastructure spending in India's Union Budgets supporting Indian Hume Pipe Company's order book

Recent Developments

Continued NBFC Operations

IHP Finvest continues to operate as the investment arm of the IHP Group, maintaining RBI registration as a non-deposit-taking NBFC-ND in the Investment & Holdings category.

2024

Comparable Companies

CompanyTypeTickerMkt Cap

Indian Hume Pipe Company LimitedListedINDIANHUME~₹600–700 Cr (BSE Listed)

Tube Investments of India LimitedListedTIINDIA~₹55,000 Cr

Bajaj Holdings & Investment LimitedListedBAJAJHLDNG~₹100,000 Cr

Indian Hume Pipe Company LimitedListed

INDIANHUME · ~₹600–700 Cr (BSE Listed)

Frequently Asked Questions

About IHP Finvest Limited

IHP Finvest Limited is a Mumbai-based investment and holding company incorporated on 9 October 1996. With CIN U65920MH1996PLC103184, the company serves as a holding entity within the Ratanchand Investment and Indian Hume Pipe (IHP) Group, managed by the Doshi family. The company has total borrowings exceeding Rs 188 crore from SBICAP and HDFC Bank. The Doshi family – Rajas Ratanchand Doshi, Jyoti Rajas Doshi, and Mayur Rajas Doshi – holds significant ownership. The company's primary function is investment in equity, mutual funds, bonds, debentures, and real estate, serving as the financial investment arm for the Indian Hume Pipe Group. The company is a regular dividend payer, indicating consistent returns to shareholders. The Indian Hume Pipe Company Limited is the listed flagship of the Doshi family group, which has a prominent position in India's water supply infrastructure sector as a manufacturer of pre-stressed concrete pipes, RCC pipes, and related infrastructure products. IHP Finvest serves as the investment vehicle for group capital.

Key Milestones

1996 – IHP Finvest Limited incorporated in Mumbai under Companies Act as a public limited company (CIN: U65920MH1996PLC103184)

Post-1996 – Registered as an NBFC with the Reserve Bank of India under the Investment & Holdings category

Common questions about unlisted shares

How do I buy IHP Finvest 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?

IHP Finvest Limited

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