What is the scale of Rajagiri Rubber's operations?

Rajagiri Rubber is a small-scale plantation company with a total paid-up capital of INR 48.85 lakhs. It is registered in Alappuzha (Alleppey), Kerala, and operates as an unlisted public limited company. The company has been in existence since 1937, pointing to a long-standing family or community-owned plantation business.

Is Rajagiri Rubber planning an IPO?

There are no known IPO plans for The Rajagiri Rubber And Produce Company Limited as of 2025. It remains an unlisted entity in the Kerala plantation sector.

How do I buy Rajagiri Rubber & Produce 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 Rajagiri Rubber & Produce?

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 Rajagiri Rubber & Produce 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.

Rajagiri Rubber & Produce Unlisted Share Price | Buy Rajagiri Rubber & Produce 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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Rajagiri Rubber & Produce Unlisted Share Price | Buy Rajagiri Rubber & Produce Pre-IPO Shares — wisefolio | wisefolio

Investment Thesis

Heritage Kerala rubber and produce plantation company (est. 1937) founded by A.V. Thomas of the AVT Group. Operates five estates: Rajagiri, Shaliacary and Chulika (rubber/crumb rubber/latex), Meppadi (tea), and Koodal/Punalur (cardamom, pepper, coffee). Revenue ₹24.57 Cr FY2023 (down 13.27%). Persistent operating losses in FY2022–23 despite gradual improvement. Net worth declining. AVT Group backing (Dilip Thomas) provides financial support. Financially stressed but operationally active. Unlisted.

Pros

Part of prestigious AVT Group (A.V. Thomas Group, est. 1925) — strong parentage and financial backstop
Five diversified estates in Kerala: rubber, tea, cardamom, pepper, coffee
Revenue ₹24.57 Cr FY2023; operating loss improved 36.2% YoY — gradual recovery
88-year heritage company (est. 1937) — founded by A.V. Thomas himself

Cons

Operating loss both FY2022 (₹3.95 Cr) and FY2023 (₹2.37 Cr) — persistent losses
Net worth declined 19.21% in FY2023
Brickwork Ratings (2021): negative ISCR (-8.28x) and DSCR (-5.41x) in FY2020 — financial stress
Revenue fell 13.27% YoY (FY2023 vs FY2022)

Business Segments

Rubber products — crumb rubber and centrifuge latex (three estates: Rajagiri, Shaliacary, Chulika)

Tea cultivation — Meppadi estate

Cardamom, pepper and coffee — Koodal, Punalur estate

Revenue Model

Revenue is primarily from sale of natural rubber (RSS/latex) at prevailing market prices linked to the Rubber Board of India price notifications and international benchmark prices. Secondary income may come from sale of other plantation produce.

Detailed Analysis

Growth outlookExpansion plans, industry tailwinds & headwinds7

Growth Plans

Rising natural rubber prices driven by tyre industry demand could significantly boost profitability for plantation companies

Potential land monetization given high land values in Kerala's coastal and plantation districts

Industry Tailwinds

Rising natural rubber prices driven by tyre industry demand could significantly boost profitability for plantation companies

Recent Developments

FY2023: Revenue ₹24.57 Cr (−13.27% YoY); operating loss improved to ₹2.37 Cr (from ₹3.95 Cr) — gradual recovery

Net worth declined 19.21% in FY2023

Last AGM: September 26, 2023; balance sheet filed

Brickwork Ratings engaged (2018, 2019, 2021) — ₹10 Cr bank loan facilities active under AVT Group support

Comparable Companies

CompanyTypeTickerMkt Cap

Harrisons Malayalam Ltd.ListedHARRMALAYA~600 Cr

GMG Global Ltd.Unlisted——

Kerala Plantation HoldingsUnlisted——

Harrisons Malayalam Ltd.Listed

HARRMALAYA · ~600 Cr

Frequently Asked Questions

The Rajagiri Rubber And Produce Company Limited is a Kerala-based plantation company incorporated in 1937 and headquartered in Alleppey (Alappuzha). It is engaged in rubber cultivation on owned plantation estates in Kerala. Natural rubber tapping and sale of rubber sheets or latex is the primary business activity, with 'produce' in the name suggesting possible cultivation of other plantation crops like coconut or pepper alongside rubber.

About Rajagiri Rubber & Produce

The Rajagiri Rubber And Produce Company Limited is one of Kerala's oldest plantation companies, incorporated on April 19, 1937 and registered with the Registrar of Companies, Ernakulam. Headquartered at W 21/674, Beach Road, Alleppey (Alappuzha), Kerala 688012, the company has cultivated and managed rubber, tea, and cardamom estates across the Kerala highlands for over 87 years. The company owns and operates estates in Koodal, Punalur, and Meppadi — three of Kerala's most prominent plantation regions. Koodal and Punalur are known for natural rubber cultivation, while Meppadi in the Wayanad district is a premium tea and cardamom growing region. This geographic diversification across different agro-ecological zones gives Rajagiri Rubber a resilient multi-crop model. Natural rubber (Hevea brasiliensis) remains the primary crop for Rajagiri Rubber, with Kerala contributing approximately 80% of India's rubber production. The company taps latex from its rubber estates, processes it into RSS (Ribbed Smoked Sheet) grades and latex concentrate, and sells to domestic tyre manufacturers, industrial rubber goods producers, and export markets. The gross sales figure reported for the company was approximately Rs 216.61 crore, making it a mid-sized plantation enterprise in Kerala's rubber sector. The company's authorised share capital is Rs 1.25 crore with a paid-up capital of Rs 48.85 lakh. Key directors include Dilip Thomas, Priyalatha Thomas, Kotcherlakota Suresh, Ramaswamy Venugopalan, and Kavassery Balasubramanian Sivasubramanian. The company filed its latest financials for the period ending March 31, 2023. The Rajagiri brand is associated with Kerala's planting heritage, reflecting generations of estate management expertise. The company's operations span natural rubber tapping and processing, orthodox tea cultivation in Wayanad, and cardamom farming in the Western Ghats — giving it a presence across three significant commodities in Kerala's plantation economy.

Key Milestones

1925 — AVT Group founded by A.V. Thomas (first Indian to own a plantation company)

Common questions about unlisted shares

How do I buy Rajagiri Rubber & Produce 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 Rajagiri Rubber And Produce Company Limited

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