What does Simplex Projects Limited do?

Simplex Projects Limited is a Kolkata-based construction and engineering company incorporated in 1990. It has executed a wide range of civil construction projects including road and rail-over-bridges (70+), residential and commercial buildings (over 500,000 sq ft), power plants, chemical factories, multiplexes, and shopping malls across India.

Is Simplex Projects Limited the same as Simplex Infrastructures?

Simplex Projects Limited (CIN: L45201WB1990PLC050101) is a separate entity from Simplex Infrastructures Limited, although both are Kolkata-based construction companies. Simplex Infrastructures was a larger listed EPC company that faced financial difficulties and underwent insolvency proceedings under IBC.

Why is Simplex Projects' share price so low?

The share price of ₹1.2 suggests the company has faced significant financial distress over the years. The broader mid-sized EPC and construction sector in India has seen many companies struggle with project delays, working capital issues, and debt servicing challenges, which likely contributed to the erosion in value.

Where is Simplex Projects Limited based?

The company is headquartered in Kolkata, West Bengal, and was incorporated in 1990 in West Bengal under CIN L45201WB1990PLC050101.

How do I buy Simplex Projects 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 Simplex Projects?

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 Simplex Projects 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.

Simplex Projects Unlisted Share Price | Buy Simplex Projects Pre-IPO Shares — wisefolio

Investment Thesis

Simplex Projects Limited (BSE: 532877, NSE: SIMPLEX) is a Kolkata-based listed infrastructure construction company incorporated in 1990. The company evolved from a piling specialist to a comprehensive EPC contractor, having completed 70+ road and rail-over-bridges and diverse residential and commercial projects. Revenue of ~₹170 Cr with PAT of ₹2.98 Cr shows a marginally profitable but flat-to-declining trajectory from a FY2020 peak of ₹179 Cr — typical of mid-tier construction companies facing margin pressure in India's competitive infrastructure sector.

Pros

Listed on BSE (532877) and NSE (SIMPLEX) — dual exchange listed infrastructure company
Established reputation — 70+ road and rail-over-bridges, diverse residential and commercial projects
Evolved from piling contractor to comprehensive infrastructure construction company
Kolkata-based — proximity to East/North-East India infrastructure projects
Revenue scale ~₹170 Cr with positive PAT (₹2.98 Cr) — operationally profitable

Cons

Revenue declining: ₹179 Cr FY2020 → ~₹170 Cr recent — flat-to-declining trajectory
PAT margin very thin (₹2.98 Cr on ~₹170 Cr revenue = ~1.75%) — infrastructure margin pressure
Net worth ₹136 Cr (FY2020) with thin profitability — slow equity compounding
Construction sector faces working capital stress and order book volatility
Paid-up ₹12.60 Cr vs authorized ₹15 Cr — moderately sized listed construction company

Business Segments

Piling and foundation engineering — deep foundation piling for bridges, buildings, industrial structures

Road and rail over-bridges — 70+ completed across India

Residential and commercial construction — buildings, industrial projects

Civil infrastructure — comprehensive EPC/construction services

Revenue Model

EPC (Engineering, Procurement, and Construction) contract-based revenue model where the company earns through project contracts from government, PSUs, and private clients across infrastructure and building construction segments.

Detailed Analysis

Growth outlookExpansion plans, industry tailwinds & headwinds6

Growth Plans

India's large-scale infrastructure spending under NIP (National Infrastructure Pipeline) and PM Gati Shakti could generate new project opportunities

Potential resolution or restructuring of existing liabilities could unlock operational capacity

Industry Tailwinds

India's large-scale infrastructure spending under NIP (National Infrastructure Pipeline) and PM Gati Shakti could generate new project opportunities

Recent Developments

Recent revenue ~₹170 Cr, PAT ₹2.98 Cr — profitable but near-flat revenue vs FY2020 peak (₹179 Cr)

Active website (simplexprojects.com) showcasing piling, bridge, and building project portfolio

Comparable Companies

CompanyTypeTickerMkt Cap

NCC LimitedPE: ~15xxListedNCC~12000 Cr

KNR Constructions LimitedPE: ~20xxListedKNRCON~7000 Cr

NCC LimitedListed

NCC · ~12000 Cr

PE: ~15xx

KNR Constructions LimitedListed

KNRCON · ~7000 Cr

Frequently Asked Questions

About Simplex Projects

Simplex Projects Limited is a Kolkata-based infrastructure and construction company incorporated in 1990. The company undertakes civil construction, structural work, and infrastructure development projects across India. Simplex Projects has been involved in building industrial plants, residential complexes, commercial buildings, and public infrastructure projects over its three-decade history. The company operates primarily in the construction contracting segment, executing projects for both government and private sector clients. Its core business involves civil engineering works including foundations, superstructures, and finishing works for large-scale projects. Simplex Projects has also been involved in infrastructure segments such as roads, bridges, and industrial facilities, positioning itself as a full-service construction contractor in eastern India. Simplex Projects was incorporated in Kolkata and has built a regional reputation in West Bengal and eastern India. The company has participated in government tenders and private sector construction projects, leveraging its experience in heavy civil construction. Over the years, it has executed projects in segments including industrial construction, commercial real estate development support, and infrastructure development. As an unlisted company, Simplex Projects does not publicly report detailed financial information. The company competes with larger listed players such as Simplex Infrastructures (a related legacy entity) and other regional contractors. Its focus remains on the eastern India market, where it leverages local relationships and expertise in civil construction to win project contracts.

Key Milestones

1990 — Incorporated as Simplex Projects Limited, ROC Kolkata, West Bengal

Common questions about unlisted shares

How do I buy Simplex Projects 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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