What does The Patna Electric Supply Co Limited do?

The Patna Electric Supply Co Limited is a West Bengal-registered public limited company incorporated in 1956, originally engaged in electricity distribution in Patna, Bihar. Electricity distribution in Bihar is now primarily handled by government entities under BSPHCL. The company's current operational status is unclear given its very low share price and small capital base.

Why is The Patna Electric Supply Co headquartered in Kolkata?

The company is registered and headquartered in Kolkata, West Bengal (CIN L40109WB1956PLC023307), despite its name referencing Patna. This may reflect its historical origins as a colonial-era or post-independence private utility company that was eventually superseded by state electricity boards in Bihar.

Is The Patna Electric Supply Co still operational?

Given the company's very low share price of INR 0.1, paid-up capital of only INR 46.77 lakh, and the fact that Patna's electricity distribution has been taken over by government entities, the company appears to be largely dormant or a shell entity with minimal active operations.

How do I buy Patna Electric Supply Company 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 Patna Electric Supply Company?

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 Patna Electric Supply Company 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.

Patna Electric Supply Company Unlisted Share Price | Buy Patna Electric Supply Company 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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Patna Electric Supply Company Unlisted Share Price | Buy Patna Electric Supply Company Pre-IPO Shares — wisefolio | wisefolio

Investment Thesis

Historic Patna electricity utility company (incorporated in Kolkata, WB, 1956) that lost its operating business when the Bihar State Electricity Board took over its 50-year electricity supply license on February 6, 1974. Since then, it has existed as a listed corporate shell on MSEI (PATNAELECT). British-era origins — previously served Patna's Governor's House, High Court, secretariat, and ~13,000 customers. Now generates only nominal investment/residual income (~₹2.77 Cr TTM). No real business, no growth story. Pure legacy shell — avoid.

Pros

Listed on MSEI (ticker: PATNAELECT; Bloomberg: PESC:IN) — price discovered
Marginally profitable on nominal revenue basis
Active and filing annual reports — compliant corporate shell

Cons

Lost core electricity business in 1974 when BSEB took over (50-year license expired February 5, 1974)
Nano-scale shell — TTM revenue only ₹2.77 Cr; no real operating business
Public holds 72.6% in a company with no growth narrative
Registered in Kolkata (WB) though historically served Patna (Bihar) — operational disconnect

Business Segments

Investment income and residual activities (current — electricity supply undertaking taken over by BSEB in 1974)

Formerly: Electricity generation and distribution — Patna, Bankipur, Bihar (license expired February 5, 1974)

Revenue Model

Historically derived from electricity distribution tariffs in Patna, Bihar. Current revenue model is unclear given the apparent dormancy of the company.

Detailed Analysis

Growth outlookExpansion plans, industry tailwinds & headwinds6

Growth Plans

Any residual land or asset holdings from historical electricity distribution infrastructure could have latent value.

Potential corporate action or restructuring by current shareholders.

Industry Tailwinds

Any residual land or asset holdings from historical electricity distribution infrastructure could have latent value.

Potential corporate action or restructuring by current shareholders.

Recent Developments

TTM revenue ~₹2.77 Cr; Total Income ~₹3.39 Cr; marginally profitable

MSEI annual report filed FY2024 (PATNAELECT-2024.pdf)

Promoter holding 27.4%, public 72.6%; MSEI listing maintained

Comparable Companies

CompanyTypeTickerMkt Cap

CESC LimitedPE: 15xxListedCESC18000 Cr

Torrent Power LimitedPE: 22xxListedTORNTPOWER40000 Cr

CESC LimitedListed

CESC · 18000 Cr

PE: 15xx

Torrent Power LimitedListed

TORNTPOWER · 40000 Cr

Frequently Asked Questions

About Patna Electric Supply Company

The Patna Electric Supply Co Limited is a legacy electricity utility company incorporated in 1956 and registered in Kolkata, West Bengal, with its registered office at 3 Khetra Das Lane, 1st Floor, Kolkata 700012. Despite its name referencing Patna — Bihar's capital — the company is registered in West Bengal, which may reflect the administrative origin of the erstwhile private electricity undertaking that once served Patna. The company is engaged in the production, collection, and distribution of electricity — a sector that was dominated by private utilities before nationalisation under state electricity boards following India's independence. The Patna Electric Supply Undertaking was historically a private electricity supply entity that operated in and around Patna before the nationalisation and state electricity board formation that characterised India's power sector evolution in the 1970s-80s. As a legacy private electricity company, The Patna Electric Supply Co Limited may hold residual assets, distribution rights, or claims from the pre-nationalisation era of Indian power utilities. The company maintains an active status with its last AGM held on 29 December 2023 and balance sheets filed through FY2023, suggesting ongoing governance activities even if operational electricity distribution may have been transferred to state entities. Directors include Bishnu Kumar Tibrewal, Megha Agarwal, Vimal Joshi, Jayshree Joshi, Vishal Kumar Sharma, and Manju Joshi — a mix that suggests a Rajasthan/Kolkata mercantile family holding structure. The company represents a niche in India's unlisted company landscape: legacy private power utilities from the pre-nationalisation era that survived as corporate entities, often holding dormant assets or historical claims.

Key Milestones

Pre-1924 (British era) — Earlier entity generated and distributed thermal power in Patna, Bankipur; served Governor's House, Patna High Court, secretariat, hospitals

Common questions about unlisted shares

How do I buy Patna Electric Supply Company 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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