What does Milton Cycle Industries Limited manufacture?

Milton Cycle Industries Limited (MCIL) manufactures bicycles and cycle components at its manufacturing facility in Sonepat, Haryana. The company caters to the domestic market and potentially exports.

Where is Milton Cycle Industries Limited's manufacturing facility?

Milton Cycle Industries Limited operates its manufacturing facility in Sonepat, Haryana, located in the National Capital Region, which provides good logistics connectivity.

Is Milton Cycle Industries Limited listed on BSE or NSE?

No, Milton Cycle Industries Limited is an unlisted company. Its shares are available only through the unlisted share market at approximately ₹140 per share.

Who are the competitors of Milton Cycle Industries?

Key competitors include Hero Cycles (Ludhiana), TI Cycles of India (Chennai), Avon Cycles, and Atlas Cycles — all of which are much larger and have established brand recognition.

What is the lot size for Milton Cycle Industries unlisted shares?

The lot size is 1 share, meaning investors can purchase in any quantity through unlisted share dealers.

How do I buy Milton Cycle Industries 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 Milton Cycle Industries?

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 Milton Cycle Industries 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.

Milton Cycle Industries Unlisted Share Price | Buy Milton Cycle Industries 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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Milton Cycle Industries Unlisted Share Price | Buy Milton Cycle Industries Pre-IPO Shares — wisefolio | wisefolio

Investment Thesis

Milton Cycle Industries Limited is a severely contracted bicycle manufacturer. Revenue declined -92.69% (FY22). Paid-up capital ₹42 Lakh. Sonepat, Haryana; 7.5-acre plant; 5,000 units/day capacity. Unlisted. Near-operational status uncertain.

Pros

65+ years of bicycle manufacturing since 1960; 7.5-acre Sonepat plant with 5,000 units/day capacity.
Sonepat, Haryana — proximity to North India's large bicycle demand markets (UP, Bihar, Jharkhand) and Nepal export market.
Full-cycle manufacturing: bicycles + all major components (chains, freewheels, handles, hubs, tyres, saddles, rims, spokes, forks).

Cons

Revenue declined -92.69% (FY22 data) — severe contraction; near-operational collapse.
Unlisted (U-prefix) — no secondary market; no ISIN confirmed.
Paid-up capital only ₹42 Lakh against authorized ₹1 Cr — extremely thin capital base for a bicycle manufacturer.
Bicycle industry faces intense competition from Hero Cycles, Atlas Cycles, and Chinese imports; margins are very thin.

Business Segments

Bicycle Manufacturing

Manufacturing of bicycles (fancy, ladies, junior, kids, roadster) and bicycle components (chains, freewheels, handles, hubs, tyres, saddles, rims, spokes, forks); 5,000 units/day capacity.

Revenue Model

Milton Cycle Industries Limited generates revenue through sale of complete bicycles and cycle components to wholesale distributors, dealers, and institutional buyers including government bodies. Revenue may include both domestic sales and export income from international markets.

Detailed Analysis

Growth outlookExpansion plans, industry tailwinds & headwinds9

Growth Plans

Post-pandemic cycling revival and urban fitness trends driving demand

Government schemes for cycle distribution to students and rural beneficiaries

Growing Indian bicycle export market, particularly to Europe where Indian-made cycles are price competitive

Industry Tailwinds

Post-pandemic cycling revival and urban fitness trends driving demand

Recent Developments

Unlisted share market activity

Shares of Milton Cycle Industries Limited are available in the unlisted share market at approximately ₹140 per share.

Comparable Companies

CompanyTypeTickerMkt Cap

Hero Cycles (Private)ListedUnlisted~₹5,000 Cr (est.)

TI Cycles of IndiaListedTIINDIA~₹18,000 Cr (TTK Group)

Avon CyclesListedAVONCYCLES~₹130 Cr

Hero Cycles (Private)Listed

Unlisted · ~₹5,000 Cr (est.)

Frequently Asked Questions

About Milton Cycle Industries

Milton Cycle Industries Limited is an Indian bicycle manufacturer, likely based in Punjab — India's dominant cycle manufacturing hub centred around Ludhiana. The Indian bicycle industry has a decades-long tradition in Punjab, with Ludhiana being known as the 'Birmingham of India' for its manufacturing concentration including cycles, hosiery, and auto parts. Bicycle manufacturers in India produce a range of products from basic transportation cycles to premium sports and electric bicycles (e-cycles). Companies like Hero Cycles, Avon Cycles, Atlas Cycles, and TI Cycles (BSA brand) are the major organised players, while numerous smaller manufacturers like Milton Cycle serve niche or value segments. Milton Cycle Industries would manufacture complete bicycles and/or cycle components including frames, wheels, brakes, and accessories. The Indian cycle market is approximately 15–17 million units annually, with domestic consumption and export both being important channels. Indian cycle exports primarily serve African markets and other developing economies. Given limited public data, specific financial metrics including revenue, employee count, and market share are not available. The company competes in a market with established brands and faces competition from larger organised players.

Key Milestones

Incorporated December 10, 1960 in Haryana (CIN: U35923HR1960PLC002317) — 65+ years old

Bicycle and component manufacturer; Sonepat (Sonipat), Haryana; 7.5-acre plant

Common questions about unlisted shares

How do I buy Milton Cycle Industries 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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