What does The Mysore Lamp Works Limited do?

The Mysore Lamp Works Limited is a Karnataka government undertaking established in 1936, engaged in the manufacture of lighting products including conventional lamps and LED-based lighting, and also undertakes turnkey electrical and lighting projects for government and institutional clients.

Who are the promoters of Mysore Lamp Works?

The primary promoter and controlling shareholder of Mysore Lamp Works Limited is the Government of Karnataka, making it a state public sector undertaking (PSU).

Is Mysore Lamp Works planning an IPO?

There is no publicly known IPO plan for The Mysore Lamp Works Limited. It remains an unlisted public limited company under the Government of Karnataka.

How do I buy Mysore Lamp Works 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 Mysore Lamp Works?

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 Mysore Lamp Works 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.

Mysore Lamp Works Unlisted Share Price | Buy Mysore Lamp Works 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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Mysore Lamp Works Unlisted Share Price | Buy Mysore Lamp Works Pre-IPO Shares — wisefolio | wisefolio

Investment Thesis

Karnataka government-promoted lamp manufacturer (est. 1936) at Malleswaram (West), Bengaluru — a pioneer in South India's domestic lamp industry. Declared sick in 1996 and shut down in 2003 after being unable to compete with modern lighting. Now under liquidation. The primary residual value lies in the 21-acre prime Malleswaram land: the Karnataka government plans the "Experience Bengaluru" heritage and cultural project on the site, firmly rejecting privatisation. No manufacturing activity for 20+ years — avoid as an investment.

Pros

Pioneered domestic lamp manufacturing in South India — 89-year heritage (est. 1936)
Prime 21-acre land in Malleswaram (West), Bengaluru — high-value state asset
State backing: "Experience Bengaluru" heritage and cultural project planned on the land

Cons

Under Liquidation — factory shut since 2003; declared sick under SICA in 1996
Revenue declined 86.48% in FY2023 — residual winding-up only
No manufacturing operations for 20+ years; employees long dispersed

Business Segments

Electric lamp manufacturing — incandescent lamps, fluorescent tubes (operations ceased 2003)

NOTE: Under liquidation; 21-acre Malleswaram, Bengaluru land earmarked for "Experience Bengaluru" heritage project

Revenue Model

Revenue is primarily derived from the manufacture and sale of lighting products and execution of turnkey electrical projects, largely for government and institutional buyers in Karnataka.

Detailed Analysis

Growth outlookExpansion plans, industry tailwinds & headwinds6

Growth Plans

Karnataka government infrastructure spending and smart city projects could generate turnkey project orders.

National LED adoption programmes and energy efficiency mandates may boost demand for LED products.

Industry Tailwinds

Karnataka government infrastructure spending and smart city projects could generate turnkey project orders.

National LED adoption programmes and energy efficiency mandates may boost demand for LED products.

Recent Developments

Under liquidation; factory closed since 2003

FY2023: Revenue declined 86.48% — residual activity only

Government firmly rejecting privatisation of 21-acre Malleswaram land

"Experience Bengaluru" cultural/heritage project planned for the site

Comparable Companies

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Havells India LimitedPE: 65xxListedHAVELLS90000 Cr

Bajaj Electricals LimitedPE: 55xxListedBAJAJELEC10000 Cr

Havells India LimitedListed

HAVELLS · 90000 Cr

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Bajaj Electricals LimitedListed

Frequently Asked Questions

About Mysore Lamp Works

The Mysore Lamp Works Limited is a historic Karnataka-based company incorporated on 26 August 1936, with its registered office at Old Tumkur Road, Malleswaram, Bengaluru. Founded during the era of the Mysore princely state's industrialisation drive, the company was established to manufacture lighting products for India's domestic market. The Mysore Lamp Works Limited manufactures and sells lighting products and provides turnkey project services, targeting industrial, commercial, and government clients. Historically, the company has produced glass-based lamps, fluorescent tubes, and other lighting equipment at its Bengaluru plant. The company has also provided turnkey project solutions for electrification and lighting projects for institutional customers. The company has an authorised share capital of ₹15 Crore and paid-up capital of approximately ₹11.81 Crore — a reasonably capitalised base for an industrial manufacturer. However, financial performance has deteriorated significantly in recent years, with revenue declining by -86.48% in FY2023 compared to the previous year — a sharp contraction that may reflect the broader collapse of traditional lamp manufacturers as LED lighting disrupts the conventional lighting market. Directors include Mohammed Ikramulla Shariff, Bangalore Kempaiah Shivakumar, Jaykumar Hosuru Shivaramu, and Gunjan Krishna. The transition from incandescent and fluorescent lighting to LED has been deeply disruptive for traditional lamp manufacturers across India. Companies built on glass-envelope lamp technology have faced existential challenges as Chinese LED manufacturers flooded the market with low-cost products. The Mysore Lamp Works faces this same structural headwind, making its future dependent on successful pivot to LED solutions or diversification into other electrical engineering services.

Key Milestones

1936 — Incorporated (26 August 1936) as Karnataka government lamp manufacturer in Malleswaram, Bengaluru

Common questions about unlisted shares

How do I buy Mysore Lamp Works 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?

The Mysore Lamp Works Limited

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