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

Valuation
Investment Thesis
Wholesale trading company (est. 1983) based at Loha Mandi Naraina, New Delhi — a major metals and general goods trading hub. Listed on MSEI (Bloomberg: SUCEL:IN). Very small paid-up capital (₹53.57 lakh) with no disclosed revenue figures. Family-promoted (Gupta family). An unusually large board of 11 directors for its scale raises governance questions. Essentially a micro trading entity with a listed shell character.
Pros
Cons
Business Segments
Wholesale trading — general merchandise (NEC)
Loha Mandi Naraina area — metals/iron/steel related trade likely
Revenue Model
Revenue generated through wholesale trading — buying goods in bulk and selling to retailers or institutional buyers. Margins in wholesale trade are typically thin and volume-dependent.
Detailed Analysis
Growth Plans
Growth in domestic wholesale trade volumes driven by economic expansion
Industry Tailwinds
Growth in domestic wholesale trade volumes driven by economic expansion
Industry Headwinds
Disruption from organised retail and e-commerce platforms compressing wholesale trade margins
Recent Developments
Comparable Companies
India's largest steel company — primary supplier benchmark for steel wholesale traders
Frequently Asked Questions
About Supreme Commercial Enterprises
Supreme Commercial Enterprises Limited is a Delhi-based wholesale trading company incorporated on October 10, 1983 under CIN L51909DL1983PLC016724. Operating from Y-4-A-C, Loha Mandi, Naraina — New Delhi's largest iron and steel wholesale trading hub — the company engages in specialised wholesale trade as classified under NIC code 519. Loha Mandi at Naraina is one of India's principal iron and steel wholesale markets, housing hundreds of dealers supplying construction materials including TMT bars, structural steel, and metal products to builders, contractors, and manufacturers across North India. Supreme Commercial Enterprises operates as a wholesale intermediary in this well-established trading ecosystem. The company has an authorized share capital of Rs.200 lakh and paid-up capital of Rs.53.57 lakh. Its board of nine directors — including Girish Mohan Ganeriwala, Avantika Gupta, Sita Ram Gupta, Sunil Kumar Roy, Abhishek Gupta, Pankaj Jain, Arpan Chauhan, and Rekha Gupta — reflects a family group-managed trading enterprise with multi-generational involvement. With over four decades of operating history since 1983, Supreme Commercial Enterprises has participated in Delhi's wholesale trading market through India's economic liberalisation, the construction boom of the 2000s, and the post-pandemic infrastructure push. The company remains active as per MCA records. Delhi's Naraina industrial area continues to be a critical supply chain node for construction materials across the NCR region. As India's government pushes infrastructure spending and affordable housing under schemes like PM Gati Shakti and PMAY, wholesale steel traders in key markets like Naraina benefit from sustained demand.
Key Milestones
1983 — Incorporated and commenced operations in Delhi
Common questions about unlisted shares
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You enquire
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We source & quote
· Typically within 1 business dayOur desk sources the shares and comes back with a firm price and an allocation for the quantity available.
You accept the allocation
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You transfer the funds
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Shares reach your demat
· Usually credited within 2–3 business daysOnce payment is verified, the shares are transferred from the desk's demat into yours, and you receive a transfer confirmation.
A principal desk for unlisted & pre-IPO shares — you transact with us, not a stranger.
You enquire
Takes 2 minutes
We source & quote
Typically within 1 business day
You accept the allocation
Quote valid for 3 days
You transfer the funds
Pay within 2 days of accepting
Shares reach your demat
Usually credited within 2–3 business days
Unlisted shares are illiquid and carry higher risk. Pricing is indicative, not live, and these are private off-market transactions with no exchange settlement guarantee. Read the full risk disclosure.
No public financial track record to assess business health
Wholesale trade is a highly fragmented sector with intense competition from organised retailers and e-commerce platforms
Source: Media Reports / Public Records
No public financial disclosures available; company operates without a known web presence, limiting investor due diligence
Source: AlphaHub Research
Thin margins typical of wholesale trade make the business susceptible to commodity price volatility and demand fluctuations
Source: Company Financial Filings
Wholesale trade is a highly fragmented sector with intense competition from organised retailers and e-commerce platforms
No public financial disclosures available; company operates without a known web presence, limiting investor due diligence
Thin margins typical of wholesale trade make the business susceptible to commodity price volatility and demand fluctuations
India's largest public sector steel producer — major supplier to wholesale traders
Registered at Loha Mandi Naraina — Delhi's major wholesale metals/trading hub
Listed on Metropolitan Stock Exchange (MSEI)
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