What does Resins and Plastics Limited manufacture?

Resins and Plastics Limited is a Mumbai-based manufacturer of synthetic resins incorporated in 1961 and operational since 1971. The company produces specialty resins used in applications such as paints, coatings, adhesives, and industrial chemicals. It is one of India's long-standing domestic producers in this space.

What are the end markets for synthetic resins produced by Resins and Plastics?

Synthetic resins are used as key raw materials in the paints and coatings industry, adhesives, sealants, construction chemicals, laminates, and industrial protective coatings. India's growing construction, infrastructure, and automotive sectors drive demand for these chemicals.

How do I buy Resins and Plastics 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 Resins and Plastics 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 Resins and Plastics 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.

Resins and Plastics Limited Unlisted Share Price | Buy Resins and Plastics Limited 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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Resins and Plastics Limited Unlisted Share Price | Buy Resins and Plastics Limited Pre-IPO Shares — wisefolio | wisefolio

Investment Thesis

Resins and Plastics Limited is a legacy specialty chemicals manufacturer with over five decades of operations in synthetic resins. While the company benefits from steady downstream demand from paints and construction chemicals sectors, the complete absence of public financial data makes risk assessment difficult. The unlisted share price of ₹437 reflects limited liquidity and should be approached with caution without verifying company financials through MCA filings.

Pros

Promoted by Dani, Choksi & Vakil families — same families that founded Asian Paints (India's largest paint company); 88.54% promoter holding; institutional pedigree and deep industry relationships.
Revenue ₹297 Cr (FY2024-25); CAGR 14%; ISIN INE422F01017; 64+ years since 1961; Marol MIDC, Andheri East, Mumbai — established chemical manufacturing cluster.
Products: Alkyds, Acrylics, Polyamides, Phenolic, PU, Maleic Resins — diversified resin portfolio for paints, adhesives, coatings, printing inks, construction chemicals, cosmetics, textiles, foundries.
India's most preferred resin manufacturer per company positioning; captive demand from Asian Paints ecosystem; website: resplast.com.

Cons

Unlisted (U-prefix) — no active secondary market despite ISIN INE422F01017; 88.54% promoter holding means minimal public float.
Revenue ₹297 Cr — moderate scale; resin/specialty chemical manufacturing is input-cost sensitive (crude oil derivatives).
Concentrated promoter group (Dani/Choksi/Vakil) with significant overlap with Asian Paints — related-party transaction risk.
Chemical manufacturing regulatory burden; ESG/environmental compliance costs at Andheri MIDC.

Business Segments

Synthetic Resin Manufacturing

Manufacturing of Alkyd, Acrylic, Polyamide, Phenolic, Polyurethane, and Maleic Resins; for paints & coatings, adhesives, printing inks, construction chemicals, cosmetics, textiles, foundries; Marol MIDC, Andheri East, Mumbai.

Revenue Model

Resins and Plastics Limited earns revenue through manufacturing and selling synthetic resins to downstream customers in the paints, coatings, adhesives, and construction chemicals industries. Revenue is driven by volume throughput and resin pricing linked to petrochemical feedstock costs.

Detailed Analysis

Growth outlookExpansion plans, industry tailwinds & headwinds8

Growth Plans

India's construction and infrastructure boom driving higher demand for paints, coatings, and adhesives — all key downstream markets for synthetic resins

Government's 'Make in India' push creating preference for domestic specialty chemical manufacturers over imported alternatives

Capacity expansion opportunities if the company can access capital to scale production

Industry Tailwinds

Recent Developments

Comparable Companies

CompanyTypeTickerMkt Cap

Pidilite IndustriesPE: 80–90xxListedPIDILITIND1,15,000 Cr

Atul LimitedPE: 30–40xxListedATUL18,000 Cr

Thirumalai ChemicalsPE: 20–25xxListedTIRUMALCHM2,500 Cr

Pidilite IndustriesListed

Frequently Asked Questions

About Resins and Plastics Limited

Resins and Plastics Limited is a Mumbai-based specialty chemicals manufacturer incorporated in 1961, commencing operations in 1971. The company is one of India's established producers of synthetic resins used in paints, coatings, adhesives, and industrial applications. Operating from its plant at the MIDC Andheri East campus in Mumbai, Resins and Plastics manufactures a broad range of import-substitute resins including alkyd, epoxy, foundry, ketonic, and phenolic resins. With revenues of Rs. 258 Cr in FY2024 and approximately Rs. 297 Cr in FY2025, the company has demonstrated steady growth in specialty chemicals. A key strategic development in February 2024 was the appointment of Jalaj A. Dani — co-promoter of Asian Paints Limited — as Additional Director, signalling a closer operational link to one of India's largest paint companies. The company is unlisted and shares trade only on the OTC/unlisted market. With a current ratio of 6.67x and ROE of 11.19%, the company demonstrates conservative financial management. Its lean workforce of approximately 83 employees reflects high capital productivity in a specialty chemicals environment.

Key Milestones

Incorporated December 22, 1961 in Maharashtra (CIN: U25209MH1961PLC012223) — 64+ years old; Marol MIDC, Andheri East, Mumbai

Promoted by Dani, Choksi & Vakil families — same founders as Asian Paints (India's #1 paint company); 88.54% promoter holding

Common questions about unlisted shares

How do I buy Resins and Plastics 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?

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