What does Madhur Iron & Steel (India) Limited produce?

The company produces steel and metal products, with a focus on structural steel products. It is based in Bhilai, Chhattisgarh, which is one of India's major steel manufacturing regions.

When was Madhur Iron & Steel (India) Limited incorporated?

The company was incorporated on February 24, 2012 in Chhattisgarh, with CIN U35105CT2012PLC000189.

Is Madhur Iron & Steel (India) Limited listed on any stock exchange?

No. It is an unlisted public limited company. Its shares are not traded on BSE or NSE.

Why is Madhur Iron & Steel located in Bhilai?

Bhilai in Chhattisgarh hosts the Bhilai Steel Plant (BSP) of SAIL, making it one of India's foremost steel towns. Proximity to large steel plants, raw material suppliers, and industrial customers makes it an ideal location for steel product manufacturers.

What sectors does Madhur Iron & Steel serve?

The company primarily serves infrastructure, construction, and industrial sectors through its structural steel product offerings.

How do I buy Madhur Iron & Steel 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 Madhur Iron & Steel?

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 Madhur Iron & Steel 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.

Madhur Iron & Steel Unlisted Share Price | Buy Madhur Iron & Steel Pre-IPO Shares — wisefolio

Investment Thesis

Madhur Iron & Steel (India) Limited is a small, unlisted structural steel manufacturer based in Bhilai, Chhattisgarh — India's steel heartland. While its location provides supply chain advantages and India's infrastructure boom supports demand, the company faces stiff competition from large integrated steel manufacturers. Its investment profile is difficult to assess without detailed financial disclosures.

Pros

Located in Bhilai, Chhattisgarh — one of India's foremost steel manufacturing hubs with access to raw material supply chains
Structural steel products have consistent demand from infrastructure, construction, and industrial sectors
Bhilai's proximity to SAIL's Bhilai Steel Plant provides logistical and supply chain advantages
Incorporated in 2012 with over a decade of operational experience in steel manufacturing
India's strong infrastructure push (PM Gati Shakti, National Infrastructure Pipeline) drives structural steel demand

Cons

CIN classification under ship/boat building (U35105) appears inconsistent with structural steel operations — business activity may differ from records
Steel manufacturing is highly capital intensive with significant fixed costs and sensitivity to raw material prices
No publicly available website or significant digital presence indicating limited scale
Small unlisted steel manufacturer facing competition from SAIL, JSW Steel, Tata Steel, and regional players
Iron ore and coking coal price volatility directly impacts margins

Business Segments

Structural Steel Products

Manufacturing of structural steel products including angles, channels, beams, and other rolled sections used in construction and industrial applications.

Revenue Model

Madhur Iron & Steel (India) Limited generates revenue by manufacturing and selling structural steel products to construction companies, infrastructure contractors, and industrial buyers. Revenue is driven by steel product volumes and prevailing market prices for structural steel. Raw material costs (iron ore, scrap, energy) are the primary cost drivers affecting margins.

Detailed Analysis

Growth outlookExpansion plans, industry tailwinds & headwinds11

Growth Plans

India's National Infrastructure Pipeline (NIP) targeting ₹111 lakh crore in infrastructure spending by 2025

PM Gati Shakti and Smart Cities Mission driving sustained structural steel demand

Bhilai's steel ecosystem providing cost advantages for local manufacturers

Housing for All and affordable housing schemes boosting construction steel demand

Industry Tailwinds

Recent Developments

No significant public developments found

No press releases, news coverage, or regulatory announcements found for this company in the public domain beyond MCA registration data.

Comparable Companies

CompanyTypeTickerMkt Cap

Steel Authority of India Limited (SAIL)ListedSAIL~₹45,000 Cr

JSW Steel LimitedListedJSWSTEEL~₹2,00,000 Cr

Shyam Metalics & Energy LimitedListedSHYAMMETL~₹10,000 Cr

Steel Authority of India Limited (SAIL)Listed

SAIL · ~₹45,000 Cr

Frequently Asked Questions

About Madhur Iron & Steel

Madhur Iron & Steel (India) Limited is a Chhattisgarh-based structural steel manufacturer incorporated on 24 February 2012. Located in the Durg-Bhilai industrial corridor — one of India's most significant steel manufacturing regions — the company manufactures and trades structural steel products including TMT bars, angles, channels, and other structural steel components. The company has reported revenue of ₹240 crore for the financial year ending March 31, 2024, reflecting a 24% compounded annual growth rate (CAGR) over the prior year — exceptional growth in the steel sector. The company operates primarily in a B2B, order-based model, supplying products to institutional and industrial customers in construction, infrastructure, and manufacturing. Bhilai, where Madhur Iron & Steel operates, is strategically significant: it is home to the iconic Bhilai Steel Plant (BSP) — one of India's largest integrated steel plants, operated by SAIL. This location gives Madhur Iron & Steel access to the broader steel ecosystem including raw material suppliers, logistics infrastructure, and experienced steel-industry workforce. The company's capital structure shows an authorized capital of ₹75 crore and a paid-up capital of ₹29.78 crore. Promoter holding as of 2024 was 83.13% with public holding of 16.87%, indicating a tightly-held promoter structure with limited public float. Most significantly, Madhur Iron & Steel filed a Draft Red Herring Prospectus (DRHP) with SEBI on 23 January 2026 for an Initial Public Offering — making it one of the most imminent IPO candidates in the mid-sized steel sector. An IPO at ₹240 crore revenue would value the company at potentially ₹500-1,000 crore based on comparable steel company multiples.

Key Milestones

2012 — Incorporated as a public limited company in Chhattisgarh on February 24, 2012

Common questions about unlisted shares

How do I buy Madhur Iron & Steel 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?

Madhur Iron & Steel (India) Limited

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