What does Western India Shipyard Limited do?

Western India Shipyard Limited is a Goa-based ship repair and shipbuilding company incorporated in 1992, located at Mormugao — a major natural harbor on India's west coast. The company provides ship repair, dry-docking, and related marine services to commercial vessels operating in the Arabian Sea region.

Where is Western India Shipyard located?

Western India Shipyard Limited is located at Mormugao, Goa. Mormugao Port is one of India's major natural harbors and serves as an important hub for iron ore exports and vessel traffic on India's west coast, providing Western India Shipyard with access to repair business from passing commercial vessels.

How do I buy Western India Shipyard 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 Western India Shipyard?

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 Western India Shipyard 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.

Western India Shipyard Unlisted Share Price | Buy Western India Shipyard 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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Western India Shipyard Unlisted Share Price | Buy Western India Shipyard Pre-IPO Shares — wisefolio | wisefolio

Investment Thesis

Western India Shipyard Limited, once India's largest ship repair facility at Mormugao Harbour in Goa, is currently under liquidation as a consequence of its parent company ABG Shipyard's collapse — one of India's largest bank fraud cases involving ₹22,842 Cr in losses to a 28-bank consortium. The company has no active operations and its assets are being liquidated through NCLT proceedings, making any revival highly unlikely without a new resolution applicant.

Pros

Largest ship repair and maintenance facility in India at Mormugao Harbour, Goa
Strategically located at a major port with access to Indian Ocean shipping routes
Significant infrastructure: floating dry dock of 20,000 TLC / 60,000 DWT, two wet repair jetties (180m each), and two outfitting berths
Over 544 vessels and 13 deepwater jack-up oil rigs serviced since 1996

Cons

Currently under liquidation — company is no longer a going concern
Parent company ABG Shipyard involved in India's largest bank fraud case (₹22,842 Cr loss to 28-bank consortium)
NCLT ordered liquidation of ABG Shipyard on April 25, 2019; WISL followed into liquidation
No operational revenue generation in recent years
25-year Mormugao Port Trust licence agreement likely lapsed or under dispute during liquidation

Business Segments

Ship Repair and Dry Docking

Wet Repair and Outfitting

Oil Rig Maintenance

Revenue Model

Contract-based revenue from ship repair jobs (dry-docking, maintenance, refurbishment) and shipbuilding contracts. Revenue is project-based and inherently lumpy depending on order inflow.

Detailed Analysis

Growth outlookExpansion plans, industry tailwinds & headwinds9

Growth Plans

India's Shipbuilding Financial Assistance Policy providing subsidies for domestic shipyards

Sagarmala project driving increased maritime activity on India's coasts

Potential strategic investor or acquirer interested in the Goa shipyard location

Industry Tailwinds

India's Shipbuilding Financial Assistance Policy providing subsidies for domestic shipyards

Recent Developments

Company remains under liquidation with no active operations as of 2024–2025

Part of the broader ABG Shipyard bank fraud case — one of India's largest financial frauds investigated by CBI

Liquidation proceedings ongoing through NCLT/IBBI framework

Comparable Companies

CompanyTypeTickerMkt Cap

Cochin Shipyard LimitedPE: ~40xxListedCOCHINSHIP~20000 Cr

Mazagon Dock ShipbuildersPE: ~35xxListedMAZDOCK~70000 Cr

Garden Reach ShipbuildersPE: ~40xxListedGRSE~18000 Cr

Cochin Shipyard LimitedListed

Frequently Asked Questions

The extremely low share price of ₹0.60 suggests that Western India Shipyard Limited is in significant financial distress, with likely accumulated losses that have eroded shareholder equity substantially. Such penny-level prices in unlisted companies often indicate near-dormant operations, debt restructuring situations, or companies that have failed to generate consistent returns over many years.

About Western India Shipyard

Western India Shipyard Limited is a Goa-based ship repair company incorporated in 1992, operating a composite ship repair yard at Mormugao Harbour on the western coast of India under a 25-year licence agreement with the Mormugao Port Trust. The company was established to serve the significant maritime traffic passing through Goa's port and the broader Arabian Sea shipping lanes. At its operational peak, Western India Shipyard was the largest ship repair and maintenance facility on India's west coast, having repaired over 544 vessels and 13 deep-water jack-up oil rigs since commencing operations in 1996. The yard's strategic location at Mormugao Harbour provided excellent access to both coastal trade routes and international shipping lines traversing the Arabian Sea. In 2010, ABG Shipyard — then one of India's largest private shipbuilders — acquired a 53% controlling stake in Western India Shipyard, integrating it into its broader ship-building and repair ecosystem. This acquisition brought in professional management and attempted to scale up the yard's repair capacity. However, the subsequent financial difficulties faced by ABG Shipyard, which eventually collapsed under a ₹22,000+ crore debt burden and became India's largest bank fraud case, had cascading effects on Western India Shipyard. The company initiated Corporate Insolvency Resolution Process (CIRP) proceedings in January 2018, when an Interim Resolution Professional (IRP) was appointed. ABG Shipyard had attempted to sell the Western India Shipyard since 2016 without success. The yard's current status is 'Under Liquidation' as per Ministry of Corporate Affairs (MCA) records, making it an entity in wind-down mode rather than an active operating business. The registered address is P.B. No. 21, Mormugao Harbour, Mormugao, Goa — 403803. Tofler reports no financial data as the company is no longer active in operational terms. This is a high-risk entity that investors should approach with extreme caution, as its assets are likely subject to liquidation proceedings by the NCLT-appointed liquidator.

Key Milestones

Common questions about unlisted shares

How do I buy Western India Shipyard 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?

Western India Shipyard Limited

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