What commodities does IMC Limited trade and store?

IMC Limited's operations span bulk liquid commodities including edible oils (palm oil, soybean oil), chemicals and petrochemicals, fertilisers, and other bulk cargo. Its terminal operations at Haldia and Kolkata provide tank storage for liquid bulk commodities — essential infrastructure for India's edible oil import chain (India is the world's largest edible oil importer) and chemical sector.

How do I buy IMC Limited (Indian Molasses) 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 IMC Limited (Indian Molasses)?

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 IMC Limited (Indian Molasses) 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.

IMC Limited (Indian Molasses) Unlisted Share Price | Buy IMC Limited (Indian Molasses) 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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IMC Limited (Indian Molasses) Unlisted Share Price | Buy IMC Limited (Indian Molasses) Pre-IPO Shares — wisefolio | wisefolio

Investment Thesis

IMC Limited is an extraordinary institutional survivor — a nearly 90-year-old Kolkata-based commodity trading and terminal company that represents a living piece of Indian commercial history. Its bulk liquid terminal operations at Haldia are genuinely valuable infrastructure assets positioned at the heart of India's edible oil import economy. The company's longevity, established customer relationships, and strategic port location provide durable competitive moats. As an unlisted investment at ₹2,700 per share, the primary appeal is exposure to India's commodity infrastructure at a valuation that likely reflects both the asset value and the illiquidity discount of an old, opaque entity.

Pros

89+ years of operating history (incorporated 1935) — making IMC Limited one of India's oldest continuously operating private sector commercial entities, demonstrating exceptional institutional resilience across independence, liberalisation, and multiple economic cycles
Strong expertise in bulk liquid storage, terminal operations, and commodity handling — a capital-intensive infrastructure business with high entry barriers and long-term contractual revenue streams
Kolkata headquarters leverages Haldia Port and Kolkata Port Trust infrastructure — two of India's most strategically important eastern ports for commodity imports and exports
Diversified commodity trading operations spanning edible oils, chemicals, fertilisers, and bulk cargo — providing revenue diversification and customer breadth across Indian industry
Established as a commodity trading and terminal business before India's independence — historical relationships with government, port authorities, and commodity market participants provide unmatched institutional credibility
Bulk liquid storage terminal business provides stable, recurring tank rental income from chemical and edible oil importers — creating annuity-like revenue streams with low counterparty risk from large corporate clients
Connection to English Indian Clays Limited (EICL) — IMC Limited appears as a promoter group company, indicating cross-shareholding and group synergies in the minerals and trading space

Cons

Limited public financial disclosure as an unlisted company — revenue, profitability, and balance sheet health cannot be assessed without MCA filings review
Commodity trading businesses face inherent price risk — fluctuations in edible oil, chemical, and bulk commodity prices directly impact trading margins
Kolkata's port infrastructure, while significant, faces competition from newer, more efficient ports (JNPT, Mundra, Krishnapatnam) that have emerged in western and southern India
NIC code 'U15428' relates to food manufacturing sector classification — the current classification as Logistics & Commodities may reflect a business evolution from original commodity trading roots
Bulk liquid terminal business requires continuous capital expenditure for maintenance, safety upgrades, and environmental compliance — storage tanks for chemicals and edible oils have strict regulatory requirements
West Bengal's historically challenging industrial relations and regulatory environment adds operational complexity for logistics and warehouse operations

Business Segments

Bulk Liquid Terminal Operations

Operation of bulk liquid storage terminals at Haldia and Kolkata port area — providing tank rental services to edible oil importers, chemical companies, and petrochemical importers. Annuity-like revenue from long-term storage contracts with blue-chip corporate clients importing edible oils and chemicals. High capital intensity but stable, recurring income.

Commodity Trading

Trading in bulk commodities including edible oils (palm oil, soybean oil), chemicals, and fertilisers. Revenue from commodity trading margins — buying from international suppliers and selling to domestic processors and distributors. Asset-light but margin-sensitive to commodity price cycles.

Cargo Handling & Logistics

Port-based cargo handling, stevedoring, and freight logistics services leveraging IMC's long-standing relationships with Kolkata Port Trust and Haldia Dock Complex. Revenue from handling charges, freight forwarding fees, and logistics services for bulk cargo.

Revenue Model

IMC Limited's revenue model combines recurring infrastructure income from bulk liquid terminal operations (tank rental fees) with commodity-cycle-linked trading income. Terminal operations provide stable, inflation-linked rental income from long-term corporate customers. Commodity trading generates higher-volume but lower-margin income tied to edible oil and chemical market cycles. The company's 89-year track record demonstrates the durability of this combined model across multiple commodity cycles.

Detailed Analysis

Growth outlookExpansion plans, industry tailwinds & headwinds14

Growth Plans

India's edible oil import volumes continuing to grow at 5–7% annually, driving higher bulk liquid terminal utilisation at Haldia

Expansion of bulk liquid terminal capacity to capture growing chemical and petrochemical import volumes through eastern India

Potential monetisation of legacy land assets near Kolkata port area which may have significant real estate value

India's National Logistics Policy and PM Gati Shakti framework investments in port infrastructure and multi-modal logistics benefiting established port-based operators

Recent Developments

India's Edible Oil Import Volumes at Record Levels

India's edible oil imports crossed 15 million MT in FY2023, the highest in history, driven by palm oil from Indonesia/Malaysia and soybean oil from Argentina/Brazil. IMC's bulk liquid terminal infrastructure at Haldia, handling palm oil imports, benefits from this structural import demand.

2023-09

Haldia Port Capacity Expansion

The Syama Prasad Mookerjee Port (Kolkata) and Haldia Dock Complex continued capacity expansion investments, improving the port's handling efficiency and berth availability. This infrastructure improvement benefits terminal operators like IMC by reducing port congestion and improving cargo throughput.

2023-06

Chemical Import Growth Supporting Terminal Demand

India's chemical and petrochemical sector expansion drove increased imports of liquid chemicals through eastern Indian ports. IMC's chemical storage terminals at Haldia saw improved utilisation rates from growing chemical manufacturing demand across eastern India.

Comparable Companies

CompanyTypeTickerMkt Cap

Adani Ports and SEZ LimitedListedADANIPORTS.NSE~₹2,50,000 Cr

Gujarat State Petronet Limited (GSPL)ListedGSPL.NSE~₹8,000 Cr

Aegis Logistics LimitedListedAEGISLOG.NSE~₹8,000 Cr

Adani Ports and SEZ LimitedListed

ADANIPORTS.NSE · ~₹2,50,000 Cr

Frequently Asked Questions

IMC Limited (India Metal Company or Indian Metal and Chemical Company in historical context) is one of India's oldest continuously operating private sector commercial companies, incorporated in 1935 in Calcutta (now Kolkata). The company has been involved in commodity trading, bulk liquid terminal operations, and cargo handling for nearly nine decades. Its longevity through British India, Partition, Nationalisation era, and economic liberalisation makes it a rare institutional survivor in India's commercial history. Today the company primarily operates bulk liquid storage terminals and engages in commodity trading and logistics from its Kolkata base.

IMC Limited is identified as part of the promoter group of English Indian Clays Limited (EICL), Kerala's leading kaolin and industrial minerals company. This cross-holding reflects the interconnected nature of India's older commercial conglomerates, where trading companies from Kolkata often held strategic stakes in industrial and mineral companies. Both companies were established in the pre-independence era and reflect a legacy of Kolkata-based commercial groups with diversified industrial interests.

Kolkata's strategic location at the mouth of the Hooghly river, with access to Haldia Deep Water Port and the historic Kolkata Port (Syama Prasad Mookerjee Port), makes it a critical hub for eastern India's bulk commodity trade. Haldia is a major port for edible oil imports, chemical imports, and coal handling. IMC's established presence and relationships in this port ecosystem provide it with logistics and terminal infrastructure advantages that take decades to build.

IMC Limited's share price of ₹2,700 in the unlisted market reflects its established but niche business in bulk commodity trading and terminal operations. As one of India's oldest unlisted companies with significant physical assets (terminal infrastructure, port-based operations), its valuation reflects both the underlying asset value and earnings potential of its established commodity and logistics operations. The relatively high per-share price also reflects a smaller number of total shares outstanding versus the asset base.

About IMC Limited (Indian Molasses)

IMC Limited, originally incorporated as the Indian Molasses Company in 1935, is one of India's oldest trading and port terminal operations companies. Headquartered at 232/A A.J.C. Bose Road, Kolkata, West Bengal, with registered CIN U15428WB1935PLC008245, the company has evolved from its colonial-era roots in molasses import and export to become a diversified operator of liquid bulk and dry cargo port-based terminals across India. Over its 90-year history, IMC Group has transformed into a multi-segment enterprise engaged in port terminal operations and maintenance services, international commodity trading, and logistics solutions. The company operates terminals handling liquid bulk products (petroleum products, chemicals, edible oils, molasses) and dry cargo at Indian ports. This port infrastructure play puts IMC in a strategic position as India's port capacity has been expanding rapidly to support growing trade volumes. IMC Limited has an authorized share capital of Rs.30 crore with paid-up capital of Rs.7.24 crore. For FY2022, the company reported modest revenue growth of 6.33% but saw profitability decline by 56.33% — reflecting the challenging cost environment in port and logistics operations post-COVID. Directors include Philip Pothen, Munuswamy Balasubramanian, Jayaprakash Kalappan, Subramaniam Bala Mahadevan, Mallesh Rao Atluri, Robert Pavrey, and Alla Bux Beerali — a diverse board reflecting the company's broad-based ownership. As a legacy company in India's commodity handling and logistics sector, IMC bridges an important gap between international commodity trading and Indian port infrastructure. The company is well-positioned to benefit from India's ambition to become a global trade hub, with the government investing heavily in port capacity expansion under the Sagarmala programme and through development of major port trusts.

Key Milestones

1935 — IMC Limited incorporated in Calcutta (Kolkata), West Bengal; established as one of British India's commercial trading enterprises

Common questions about unlisted shares

How do I buy IMC Limited (Indian Molasses) 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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