What does Rakan Steels Limited do?

Rakan Steels Limited is a steel and metal products manufacturer based in Kanpur Dehat, Uttar Pradesh, incorporated in 1985. It is a Public Limited company registered under CIN L27320UP1985PLC007582 with the Registrar of Companies, Kanpur.

Who are the directors of Rakan Steels Limited?

The directors of Rakan Steels Limited include Bindu Agarwal, Rishabh Agarwal, Mahendra Bahadur Singh, and Kannan Agarwal, indicating a family-promoted business structure.

When was Rakan Steels Limited incorporated?

Rakan Steels Limited was incorporated in 1985 and is registered under CIN L27320UP1985PLC007582 with the Registrar of Companies, Kanpur.

Is Rakan Steels Limited planning an IPO?

No IPO plans are publicly known for Rakan Steels Limited. Given its share price of ₹0.04 and unlisted status, an IPO appears highly unlikely in the near term.

How do I buy Rakan Steels 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 Rakan Steels?

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 Rakan Steels 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.

Rakan Steels Unlisted Share Price | Buy Rakan Steels 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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Rakan Steels Unlisted Share Price | Buy Rakan Steels Pre-IPO Shares — wisefolio | wisefolio

Investment Thesis

Rakan Steels Limited is a four-decade-old steel manufacturer from Kanpur, Uttar Pradesh with a share price of just ₹0.04, indicating significant financial stress. The company faces existential competitive pressures from large integrated steel players and has no publicly disclosed financials. Investment risk is very high given the near-penny-stock valuation and lack of public information.

Pros

Rakan Steels Limited has been operating since 1985, giving it over four decades of operational existence in the steel manufacturing sector in Uttar Pradesh
Directors include Bindu Agarwal, Rishabh Agarwal, and Kannan Agarwal, suggesting a family-promoted business with continuity of management

Cons

Extremely low share price of ₹0.04 strongly indicates the company is either financially distressed, near-dormant, or has very limited business activity
Steel manufacturing is highly capital-intensive with thin margins; small regional players like Rakan Steels face severe competition from large integrated producers such as SAIL, Tata Steel, and JSW Steel

Business Segments

Steel & Metal Products

Manufacturing of steel and metal products for industrial and construction applications

Revenue Model

Revenue generated through manufacturing and sale of steel and metal products to industrial buyers and construction sector customers in the Uttar Pradesh region.

Detailed Analysis

Growth outlookExpansion plans, industry tailwinds & headwinds6

Growth Plans

India's infrastructure push under PM Gati Shakti and National Infrastructure Pipeline could provide demand for smaller steel product manufacturers

Potential value in land or assets owned by the company given its 40-year existence

Industry Tailwinds

India's infrastructure push under PM Gati Shakti and National Infrastructure Pipeline could provide demand for smaller steel product manufacturers

Recent Developments

AGM held and FY2023 balance sheet filed

Rakan Steels held its Annual General Meeting on 30 December 2023, with balance sheet filed for FY2023 — indicating continued active operations and regulatory compliance.

December 2023

Comparable Companies

CompanyTypeTickerMkt Cap

Steel Authority of India LtdPE: ~10xxListedSAIL~40000 Cr

Tata Steel LtdPE: ~12xxListedTATASTEEL~160000 Cr

Steel Authority of India LtdListed

SAIL · ~40000 Cr

PE: ~10xx

Tata Steel LtdListed

TATASTEEL · ~160000 Cr

Frequently Asked Questions

About Rakan Steels

Rakan Steels Limited is a Uttar Pradesh-based steel manufacturing and trading company incorporated on 16 December 1985, formerly known as Karamchand Harichand Steels Limited. The company is listed on the Metropolitan Stock Exchange of India (MSEI) and operates under CIN L27320UP1985PLC007582. Its manufacturing plant is located at NH-2 (1 km from Bara Toll Plaza), Umran, Rania, Kanpur Dehat, Uttar Pradesh — strategically positioned on National Highway 2, one of India's busiest industrial arteries connecting Delhi to Kolkata. Rakan Steels engages in the casting of non-ferrous metals and trading of iron and steel products, serving industrial and infrastructure customers across Uttar Pradesh and neighbouring states. The company has been involved in iron and steel trading since its incorporation, evolving from a pure trading entity to one with manufacturing capabilities in metal casting. The authorized capital stands at Rs. 5.5 crore with paid-up capital of Rs. 3.24 crore. The company's directors include Rishabh Agarwal, Manish Chandra, Bindu Agarwal, Kashish Grover, Madhu Bansal, Mahendra Bahadur Singh, and Kannan Agarwal — a diverse board reflecting multiple stakeholder groups. Rakan Steels filed its balance sheet on 31 March 2023 and held its last AGM on 30 December 2023, indicating active and compliant operations. The Indian steel sector is the world's second-largest, with production of 140 MT in FY2024. Uttar Pradesh has one of India's largest concentrations of steel rerolling and manufacturing units, particularly along the NH-2 corridor near Kanpur. Companies like Rakan Steels serve the regional construction and infrastructure sector that requires steel products for roads, bridges, and buildings in India's most populous state.

Key Milestones

Incorporated in 1985 in Kanpur, Uttar Pradesh as a steel manufacturing Public Limited company

Common questions about unlisted shares

How do I buy Rakan Steels 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.

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