What does Surana Industries Limited do?

Surana Industries Limited is a Chennai-based public limited company engaged in steel rolling and TMT bar manufacturing. Incorporated in 1991, it is part of the Surana Group and operates under NIC code 27104 (Iron and Steel industry). The company is registered at Subramanian Building, No. 1, Club House Road, Chennai.

Who are the promoters of Surana Industries Limited?

Shri Dineshchand Surana is the Managing Director and promoter of Surana Industries Limited. The Surana family controls the broader Surana Group which includes Surana Corporation Limited and other entities. IFCI has a nominee director on the board — Smt. Rajesh Kumar Gupta — indicating institutional lender exposure.

Is Surana Industries financially distressed?

Yes. The current share price of ₹0.03 against a likely face value of ₹10 indicates near-total equity erosion. The presence of an IFCI nominee director strongly suggests that the company has defaulted on institutional loans, placing it in a financially stressed or NPA category.

What is IFCI's role in Surana Industries Limited?

IFCI (Industrial Finance Corporation of India) has a nominee director — Smt. Rajesh Kumar Gupta — on the board of Surana Industries Limited. This is consistent with IFCI having extended project or working capital finance to the company, and the nominee directorship is typically triggered upon default or covenant breach.

Is Surana Industries planning an IPO?

No IPO plans are known for Surana Industries Limited. Given the company's financial distress and penny stock price, a public listing or capital market activity is extremely unlikely in the near term.

How do I buy Surana Industries 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 Surana Industries?

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 Surana Industries 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.

Surana Industries Unlisted Share Price | Buy Surana Industries Pre-IPO Shares — wisefolio

Investment Thesis

Surana Industries Limited is a financially distressed Tamil Nadu-based steel rolling company with a near-zero share price and institutional lender (IFCI) presence on the board. The company has been in difficulty for several years. Investors should treat this as a high-risk, speculative holding with limited transparency on current operational status.

Pros

Part of the established Surana Group with presence across metals, jewellery and finance sectors in South India since 1991
Steel rolling and TMT bar manufacturing is a core infrastructure-linked business segment with steady long-term demand
Presence of IFCI as a nominee director indicates historical institutional lender interest in the company

Cons

Share price of ₹0.03 on face value of ₹10 indicates severe financial distress, likely defaulted on institutional debt including IFCI
IFCI nominee directorship by Rajesh Kumar Gupta indicates lender-nominated oversight, typically indicative of a stressed/NPA account
Steel rolling is a highly competitive, commodity-driven segment with thin margins and high working capital requirements

Business Segments

Steel Rolling

Manufacturing of rolled steel products including TMT bars used in construction and infrastructure projects

Revenue Model

Surana Industries generates revenue through the manufacture and sale of TMT bars and rolled steel products to construction and infrastructure companies. Revenue is driven by construction activity levels and steel price cycles.

Detailed Analysis

Growth outlookExpansion plans, industry tailwinds & headwinds6

Growth Plans

Resolution of debt through IBC process could unlock value for equity holders

Infrastructure boom in India could revive demand for TMT bars if operations resume

Industry Tailwinds

Resolution of debt through IBC process could unlock value for equity holders

Infrastructure boom in India could revive demand for TMT bars if operations resume

Recent Developments

Continues steel rolling operations at Gummidi Poondi Thiruvallur

Surana Industries maintains manufacturing at Tamil Nadu plant. Multi-exchange listed.

2024

Comparable Companies

CompanyTypeTickerMkt Cap

JSW Steel LimitedPE: 18xxListedJSWSTEEL200000 Cr

Tata Steel LimitedPE: 15xxListedTATASTEEL160000 Cr

Steel Authority of India LimitedPE: 10xxListedSAIL40000 Cr

JSW Steel LimitedListed

Frequently Asked Questions

About Surana Industries

Surana Industries Limited is a Chennai-based steel manufacturer incorporated on December 25, 1991 under CIN L27104TN1991PLC020533. Listed on the Mumbai, National, and Chennai Stock Exchanges, the company manufactures steel products including Cold Twisted Deformed (CTD) bars, Mild Steel rounds (8mm to 40mm), and steel structurals. In 1994-95, the company established a 16-inch steel rolling mill with a capacity of 52,800 tonnes per year at Gummidi Poondi, Thiruvallur District, Tamil Nadu. CTD bars and TMT bars are critical reinforcement materials used in reinforced concrete construction across India's housing, infrastructure, and industrial sectors. The Gummidi Poondi plant is strategically located in Thiruvallur District near Chennai — providing excellent connectivity to Tamil Nadu's construction market and the broader South Indian region. Tamil Nadu has significant demand for steel construction materials driven by ongoing urban development, industrial expansion, and government infrastructure projects. Surana Industries is part of the broader Surana family group from Chennai, which also includes Surana Corporation Limited (jewellery and gold import) — demonstrating the family's diversification across multiple sectors. The steel and jewellery businesses are operated independently. The company's multi-exchange listing (BSE, NSE, CSE) provides regulatory oversight and public disclosure requirements. However, the secondary steel rolling sector in India faces structural challenges from large integrated mills (JSW Steel, SAIL, Tata Steel) with superior scale, technology, and cost positions. Surana Industries navigates this competitive environment as a regional player focused on South India's construction market.

Key Milestones

Incorporated in 1991 in Tamil Nadu as a Public Limited Company under CIN L27104TN1991PLC020533

Common questions about unlisted shares

How do I buy Surana Industries 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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