What does Vijay Shanthi Builders Limited do?

Vijay Shanthi Builders Limited is a Chennai-based residential real estate developer incorporated in 1992. The company develops residential housing projects primarily in Tamil Nadu, with a focus on the Chennai metropolitan area. It operates in the mid-income to affordable housing segment.

What is the ISIN of Vijay Shanthi Builders Limited?

The ISIN of Vijay Shanthi Builders Limited is INE705C01010.

Is Vijay Shanthi Builders Limited listed on any stock exchange?

Vijay Shanthi Builders Limited is currently unlisted and not traded on NSE or BSE. Its shares are available in the unlisted/grey market at approximately ₹5 per share, reflecting limited investor interest and possible past financial challenges.

Is Vijay Shanthi Builders planning an IPO?

There is no publicly announced IPO plan for Vijay Shanthi Builders Limited as of 2025. The company was originally a listed entity but was delisted and currently remains in the unlisted space.

How do I buy Vijay Shanthi Builders 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 Vijay Shanthi Builders?

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 Vijay Shanthi Builders 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.

Vijay Shanthi Builders Unlisted Share Price | Buy Vijay Shanthi Builders Pre-IPO Shares — wisefolio

Investment Thesis

Vijay Shanthi Builders Limited is a long-standing Chennai real estate developer, but the current unlisted share price of ₹5 signals significant financial stress or value erosion over time. While Chennai's residential market remains robust, the company faces intense competition and limited public disclosure, making it a high-risk investment in the unlisted segment.

Pros

Established in 1992, Vijay Shanthi Builders has over three decades of presence in Chennai's residential real estate market, a city with strong housing demand
Chennai-based residential real estate developer operating in a market with consistent end-user driven demand, particularly in the mid-income housing segment
Holds an ISIN (INE705C01010), indicating prior formal regulatory compliance and share issuance history

Cons

Current unlisted share price of ₹5 is extremely low, suggesting the company may have faced financial difficulties or significant erosion of shareholder value over the years
Limited public financial disclosures as an unlisted company; no recent revenue or profitability data available
The Chennai residential real estate market has been competitive, with large pan-India developers (Prestige, Godrej, Casagrand) expanding aggressively into the city

Business Segments

Residential Real Estate Development

Development and sale of residential apartments and housing projects primarily in Chennai, Tamil Nadu

Revenue Model

Vijay Shanthi Builders generates revenue through the development and sale of residential properties in Chennai and Tamil Nadu. Revenue is recognized upon completion and handover of residential units to buyers.

Detailed Analysis

Growth outlookExpansion plans, industry tailwinds & headwinds6

Growth Plans

Recovery in Chennai residential real estate demand, especially in suburban corridors

Affordable housing push by Tamil Nadu government benefiting mid-income developers

Industry Tailwinds

Recovery in Chennai residential real estate demand, especially in suburban corridors

Affordable housing push by Tamil Nadu government benefiting mid-income developers

Recent Developments

AGM held on September 30, 2022

Last reported AGM held in September 2022 per ROC records

2022

TTM revenue of Rs. 22 crore with loss of Rs. 13.2 crore

Company continues to face financial challenges with negative revenue growth of -16.6% over 5 years

2024

Comparable Companies

CompanyTypeTickerMkt Cap

Casagrand Builder Private LimitedUnlisted——

Prestige Estates Projects LimitedPE: ~50xxListedPRESTIGE~70,000 Cr

Arihant Foundations & Housing LimitedPE: ~20xxListedARIHANTFOU~400 Cr

Casagrand Builder Private LimitedUnlisted

Frequently Asked Questions

About Vijay Shanthi Builders

Vijay Shanthi Builders Limited is a Chennai-based real estate developer with a history dating back to 1977, when it was established as a partnership firm. The company was incorporated as a public limited company on January 6, 1992, and conducted an IPO of Rs. 65.5 million, listing on the Bombay Stock Exchange (BSE: 523724), National Stock Exchange (NSE: VIJSHAN), and the Madras Stock Exchange. It holds CIN L45201TN1992PLC021960. Headquartered at Old Door No. 8, New Door No. 21, First Avenue, Indira Nagar, Adyar, Chennai, the company has been a participant in Tamil Nadu's residential real estate market for over four decades. Vijay Shanthi Builders primarily develops residential apartments and individual villas in and around Chennai, catering to the mid-income and upper-mid-income segments of homebuyers. The company has a track record of delivering residential projects across key Chennai micro-markets including Adyar, OMR, ECR, and other suburban corridors. Its projects range from compact apartments to premium villa communities. As a listed company on BSE and NSE, Vijay Shanthi is subject to public disclosure requirements despite its small market capitalisation of approximately Rs. 5.5 crore. However, the company has faced financial headwinds in recent years. TTM revenue stands at approximately Rs. 22 crore with a loss of Rs. 13.2 crore, and sales growth has been negative at -16.6% over five years. Return on equity has been negative at -1.46% over the past three years. The last balance sheet was filed for FY2022. The company's small scale and declining revenues reflect the challenges faced by smaller, regional real estate developers in a competitive market. Despite the current financial challenges, Vijay Shanthi Builders benefits from its long operational history, established brand in Chennai's real estate market, and its portfolio of completed and ongoing residential projects that provide some brand recall among homebuyers.

Key Milestones

Incorporated in 1992 in Tamil Nadu as a public limited company

Common questions about unlisted shares

How do I buy Vijay Shanthi Builders 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?

Vijay Shanthi Builders Limited

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