What does Shree Sponge Steel and Castings Limited manufacture?

The company manufactures sponge iron (direct reduced iron) and steel castings for industrial applications. It is based in Vadodara, Gujarat and has been operating since 1988.

When was Shree Sponge Steel and Castings Limited incorporated?

The company was incorporated in 1988 and is registered under CIN U27100GJ1991PLC016203 with the Registrar of Companies in Gujarat. Its ISIN is INE199F01011.

What is the share price of Shree Sponge Steel and Castings Limited?

The company's shares are available in the unlisted market at approximately Rs. 2 per share. The exact market cap is not publicly confirmed.

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 Shree Sponge Steel and Castings 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 Shree Sponge Steel and Castings 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.

Shree Sponge Steel and Castings Limited Unlisted Share Price | Buy Shree Sponge Steel and Castings 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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Shree Sponge Steel and Castings Limited Unlisted Share Price | Buy Shree Sponge Steel and Castings Limited Pre-IPO Shares — wisefolio | wisefolio

Investment Thesis

Shree Sponge Steel and Casting Limited (CIN: U27100GJ1991PLC016203) is a Vadodara-based unlisted casting manufacturer established in 1991 at the GIDC Por-Ramangamdi industrial zone near NH-8. The company produces high-quality steel castings for specialized industrial sectors and demonstrated strong FY2023 performance with 120% revenue growth and 954% profit growth. Promoters hold 51.51% with substantial public participation (48.49%), though exit options are limited given the unlisted status.

Pros

Exceptional FY2023 growth: Revenue +120.06%, profit +954.46% — strong recovery/expansion phase
Promoter holding 51.51% — majority promoter control and alignment
Strategic GIDC location in Por-Ramangamdi, Vadodara — Gujarat's premier industrial corridor near NH-8
Manufactures high-quality castings for specialized industrial sectors — niche B2B positioning
Authorized capital ₹20 Cr provides headroom for further equity expansion

Cons

Unlisted — no secondary market liquidity despite relatively large authorized capital
Actual revenue quantum not publicly disclosed — scale unknown beyond growth percentages
Die casting and metal forming is cyclical with automotive and industrial capex cycles
Paid-up capital ₹4.24 Cr vs ₹20 Cr authorized suggests low equity utilisation
48.49% public holding in an unlisted entity — limited exit route for minority shareholders

Business Segments

Steel castings and die casting — manufacture and supply of high-quality castings for specialized industrial sectors

Plant at 6/1/1 GIDC Por-Ramangamdi, National Highway 8, Vadodara, Gujarat 391243

Revenue Model

The company generates revenue through sale of sponge iron (DRI) and steel castings to steel mills, foundries, and industrial manufacturers in Gujarat and surrounding regions.

Detailed Analysis

Growth outlookExpansion plans, industry tailwinds & headwinds6

Growth Plans

India's National Infrastructure Pipeline and housing sector growth driving demand for steel

Make in India initiative supporting domestic steel manufacturing

Industry Tailwinds

India's National Infrastructure Pipeline and housing sector growth driving demand for steel

Make in India initiative supporting domestic steel manufacturing

Recent Developments

FY2023: Revenue grew +120.06% and profit +954.46% — significant operational turnaround

Promoter holding 51.51% / public 48.49% as reported in FY2023

Comparable Companies

CompanyTypeTickerMkt Cap

Sarda Energy & Minerals LtdListedSARDAEN~3000 Cr

Godawari Power and Ispat LtdListedGPIL~5000 Cr

Sarda Energy & Minerals LtdListed

SARDAEN · ~3000 Cr

Godawari Power and Ispat LtdListed

GPIL · ~5000 Cr

Frequently Asked Questions

About Shree Sponge Steel and Castings Limited

Shree Sponge Steel and Castings Limited is a Vadodara-based steel castings and sponge iron manufacturer. The company produces sponge iron (direct reduced iron) and steel castings for industrial applications including engineering, automotive, and infrastructure sectors. Shree Sponge operates in the secondary steel segment with electric arc furnace-based manufacturing. The company is in the fragmented Indian secondary steel space.

Key Milestones

1991 — Incorporated as Shree Sponge Steel and Casting Limited, ROC Ahmedabad, Vadodara, Gujarat

Established casting manufacturing unit at GIDC Por-Ramangamdi Industrial Zone, Vadodara

Common questions about unlisted shares

How do I buy Shree Sponge Steel and Castings 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?

Shree Sponge Steel and Castings Limited

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