Is Shilpi Cable Technologies under IBC proceedings?

Yes, Shilpi Cable Technologies went through insolvency proceedings under the Insolvency and Bankruptcy Code (IBC) following its default to lenders and subsequent regulatory investigations.

Who were the promoters of Shilpi Cable Technologies?

The company's former promoter group was associated with Rakesh Garg and associates who were investigated for alleged fraud and financial irregularities by the Enforcement Directorate.

Should investors buy Shilpi Cable Technologies shares?

Shilpi Cable Technologies is a high-risk, near-worthless stock trading at Rs. 0.05. With ongoing fraud investigations, insolvency proceedings, and near-zero operational activity, it holds no fundamental investment value. Any trading is purely speculative.

How do I buy Shilpi Cable Technologies 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 Shilpi Cable Technologies 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 Shilpi Cable Technologies 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.

Shilpi Cable Technologies Limited Unlisted Share Price | Buy Shilpi Cable Technologies Limited Pre-IPO Shares — wisefolio

Q: What happened to Shilpi Cable Technologies?

Shilpi Cable Technologies Limited was a Delhi-based cable and wire manufacturer that collapsed into insolvency. The company was investigated by the Enforcement Directorate for alleged financial fraud and fund diversion. It became one of several mid-size cable companies caught in the NPA/fraud wave of the late 2010s, with its stock trading near zero at Rs. 0.05.

Q: What was Shilpi Cable's business?

Shilpi Cable Technologies was a cable and wire manufacturer incorporated in Delhi in 2006, producing electrical cables and wires for infrastructure, construction, and industrial applications. At its peak it was a listed manufacturer on BSE before its collapse.

Unlisted shares are illiquid and carry higher risk than listed securities. Prices are indicative, not live. Read the risk disclosure.

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Shilpi Cable Technologies Limited Unlisted Share Price | Buy Shilpi Cable Technologies Limited Pre-IPO Shares — wisefolio | wisefolio

Investment Thesis

Shilpi Cable Technologies Limited is a collapsed cable manufacturer embroiled in fraud investigations and insolvency proceedings. Trading at Rs. 0.05 per share with a negligible market cap, the stock has no fundamental value. Equity investors face near-certain total capital loss. This is a cautionary example of promoter fraud in India's mid-size manufacturing sector.

Pros

No meaningful investment pros exist for this company given its insolvency status and fraud investigations.
The cable and wire sector itself (not this specific company) is a growing infrastructure-linked market in India.

Cons

The company is embroiled in a major fraud case with the Enforcement Directorate (ED) investigating alleged financial irregularities and fund diversion.
At a share price of Rs. 0.05, the stock is essentially worthless with the company in insolvency proceedings under the Insolvency and Bankruptcy Code (IBC).
Trading suspended or near-suspended by BSE/SEBI; virtually zero exit liquidity for any remaining shareholders.
Former management faced serious regulatory and legal action, destroying any residual shareholder value.

Business Segments

Cable and Wire Manufacturing

Electrical cables and wires for infrastructure, construction, and industrial applications — operations largely ceased following insolvency

Revenue Model

Formerly: B2B manufacturing and supply of electrical cables and wires to infrastructure and construction companies. Currently non-operational due to insolvency.

Detailed Analysis

Growth outlookExpansion plans, industry tailwinds & headwinds5

Growth Plans

Any successful resolution plan under IBC could theoretically provide some recovery — but equity holders are last in line

Industry Tailwinds

Any successful resolution plan under IBC could theoretically provide some recovery — but equity holders are last in line

Industry Headwinds

Complete capital loss for equity investors

Recent Developments

Insolvency Proceedings

Shilpi Cable Technologies underwent insolvency/NCLT proceedings following default to lenders and ED fraud investigations. The company's operations have effectively ceased.

Comparable Companies

CompanyTypeTickerMkt Cap

Polycab IndiaListedPOLYCAB~75,000 Cr

KEI IndustriesListedKEI~25,000 Cr

Polycab IndiaListed

POLYCAB · ~75,000 Cr

KEI IndustriesListed

KEI · ~25,000 Cr

Frequently Asked Questions

About Shilpi Cable Technologies Limited

Shilpi Cable Technologies Limited was a BSE-listed cable and wire manufacturer that collapsed into insolvency. The company became embroiled in a major fraud case investigated by the Enforcement Directorate (ED) related to alleged money laundering and financial fraud. The company went through CIRP under IBC and the promoters faced criminal proceedings. Shilpi Cable was once a listed mid-cap cable company with revenues in the hundreds of crores but its operations have ceased and the company is effectively under liquidation proceedings.

Key Milestones

Incorporated in 2006 in Delhi as a Public Limited company

Listed on BSE as a cable and wire manufacturer

Investigations by Enforcement Directorate for alleged financial fraud

Common questions about unlisted shares

How do I buy Shilpi Cable Technologies 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?

Shilpi Cable Technologies Limited

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