What does Ritman Infra Limited do?

Ritman Infra Limited is a Kolkata-based real estate developer engaged in residential and commercial property development. It is part of the Ritman Group, which claims over 100 years of combined business experience in eastern India. The company was incorporated in May 1981 and has operated in Kolkata's real estate market for over four decades.

Is Ritman Infra Limited listed on stock exchanges?

The company is classified as unlisted with a share price of approximately ₹10. Despite being a public limited company (CIN: L70109WB1981PLC033662), it does not appear to have an active trading presence on BSE or NSE.

Is Ritman Infra Limited planning an IPO?

No IPO plans for Ritman Infra Limited have been publicly announced as of August 2025. The company remains an unlisted public limited entity.

How do I buy Ritman Infra 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 Ritman Infra 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 Ritman Infra 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.

Ritman Infra Limited Unlisted Share Price | Buy Ritman Infra 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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Ritman Infra Limited Unlisted Share Price | Buy Ritman Infra Limited Pre-IPO Shares — wisefolio | wisefolio

Investment Thesis

Ritman Infra Limited is a Kolkata-based real estate developer with over 40 years of operating history and group heritage exceeding a century. Despite this legacy, the share price at ₹10 face value and absence of any financial disclosures make it a high-risk, low-visibility investment. Kolkata's improving real estate fundamentals could benefit the company, but without transparent disclosures, investor assessment remains speculative.

Pros

MSEI listed (RITMAN:IN); ISIN INE393C01017; L-prefix CIN; 44+ years since 1981; 100+ years cumulative Ritman Group experience; 1M+ sq ft of development in Kolkata.
NAREDCO Patron Member since 2012; Parag Majmudar as CMD; Syed Amir Ali Avenue, Kolkata 700017 — established South Kolkata address; website: ritman.co.in.
Diversified beyond real estate — "Rising" and "Silkflex" branded products; land identification, acquisition, project planning, residential development.

Cons

Revenue gross sales ₹3.08 Cr (latest quarter) — small scale for a 44-year-old real estate company; authorized ₹3.25 Cr; paid-up ₹3.19 Cr.
MSEI listing with near-zero secondary market liquidity despite ISIN INE393C01017.
Kolkata real estate: slower growth vs. Mumbai/Bangalore/Hyderabad; competitive from large developers.
Diversification into "Rising" and "Silkflex" products — business ambiguity; non-core diversification risk.

Business Segments

Real Estate Development

Land identification, acquisition, project planning, designing, and residential development; 1M+ sq ft developed; Kolkata; NAREDCO Patron Member since 2012.

Diversified Products (Rising, Silkflex)

Non-real estate diversification including branded products "Rising" and "Silkflex"; secondary business streams.

Revenue Model

Revenue generated through the sale of developed residential and commercial properties, and potentially rental income from commercial assets. Real estate developers typically recognise revenue on project completion or as per percentage-of-completion method under Ind AS 115.

Detailed Analysis

Growth outlookExpansion plans, industry tailwinds & headwinds9

Growth Plans

Kolkata metro expansion and infrastructure development stimulating demand for residential and commercial real estate

Growing IT and service sector presence in Kolkata creating demand for commercial spaces

West Bengal government's push for real estate and infrastructure development

Industry Tailwinds

Kolkata metro expansion and infrastructure development stimulating demand for residential and commercial real estate

Recent Developments

Comparable Companies

CompanyTypeTickerMkt Cap

Ambuja Realty (private)Unlisted——

DLF LimitedListedDLF~₹1,75,000 Cr

Ambuja Realty (private)Unlisted

DLF LimitedListed

DLF · ~₹1,75,000 Cr

Frequently Asked Questions

About Ritman Infra Limited

Ritman Infra Limited is a Kolkata-based real estate developer incorporated in May 1981 with over 40 years of operating history and the broader Ritman Group claiming cumulative experience of over 100 years. The company is involved in land identification, acquisition, project planning, design, construction, and delivery of residential and commercial real estate. Ritman Infra has developed more than one million square feet of property and has operations in both India and Malaysia. It is listed on the Metropolitan Stock Exchange of India (MSEI) under the ticker RITMAN, with an authorised capital of Rs. 3.25 Cr and paid-up capital of Rs. 3.19 Cr — both extremely small for a real estate developer. The Ritman Group operates across multiple sectors under a shared brand umbrella. Financial disclosures are limited given the MSEI listing, and detailed revenue data is not available in public free-access sources. As a micro-cap real estate company listed on a small exchange, liquidity is very thin and investor visibility is minimal.

Key Milestones

Incorporated May 14, 1981 in West Bengal (CIN: L70109WB1981PLC033662) — 44+ years old; Kolkata

Ritman Group — 100+ years cumulative experience; 1M+ sq ft developed in Kolkata

Common questions about unlisted shares

How do I buy Ritman Infra 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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