Electrosteel Steels Limited Unlisted Shares

(i) Electrosteel Steels Ltd has set up 2.51 Million Ton Per Annum (MTPA) Greenfield Integrated Steel Plant near Siyaljori village, in the Bokaro district of Jharkhand. It primarily consists of a Sinter Plant, Coke Oven, Blast Furnace, Basic Oxygen Furnace, Billet Caster, Wire Rod Mill, Bar Mill, and Power Plant. ESL has established excellence at every stage of production by bringing international expertise and solutions from reputed manufacturers. Along with the latest technology, the plant operates in synchronization with the highest ecological standards.

(ii) The Company’s product range includes Pig Iron, Billets, TMT Bars, Wire Rods and Ductile Iron Pipes.

(iii) NCLT Case:

Due to huge debt on the company, the banks took the company to NCLT as they were unable to pay its debt obligation. And in the NCLT, Vedanta acquired the company. The following restructuring was done in the company.

a) The Board of the Company has been reconstituted on June 4, 2018, i.e. the effective date with nominees of Vedanta being inducted as a member of the Board.

b) Vedanta Star Limited (a wholly-owned subsidiary of Vedanta Limited) has on June 04, 2018, deposited Rs. 532,000.00 lakh in an escrow account (“Escrow Account”) of the Company for payment to financial creditors of the entire amount of sustainable debts in terms of the ARP out of total Outstanding amount of Rs. 12,71,913.21 lakhs and the same has been remitted to them on June 21, 2018.

c) 739,91,32,055 equity shares of Rs. 10 each were allotted on June 6, 2018, to financial creditors converting the non-sustainable debt to equity.

d) On June 14, 2018, the existing 980,83,67,078 equity shares including those allotted on June 6, 2018, to financial creditors as above have been reduced from Rs. 9,80,836.71 lakhs to Rs. 19,616.73 lakhs divided into 980,83,67,078 equity shares of Re. 0.20 each fully paid-up.

Simultaneously, 50 such shares of Re 0.20 each thereafter have been consolidated into 1 fully paid-up equity share of Rs. 10 each. The amount of Rs. 9,61,219.97 lakhs reduced as above in compliance with the Order of Hon’ble NCLT has been credited to Capital Reserve.

e) On June 15, 2018, 176,55,06,078 fully paid equity shares of Rs. 10 each were allotted to Vedanta Star Limited against the money deposited in Escrow Account, leaving the balance of Rs. 355,449.39 lakhs to be considered as long term interest-bearing loan.

f) Consequent to the above allotment and consolidation of shares, the equity share capital of the company stands at Rs. 19,61,67.34 lakhs divided into 196,16,73,420 equity shares of Rs.10 each. (ARP) by NCL

(iv) And finally, the company was acquired by Vendanta in 2018 and delisted the company from exchanges. The delisting price offered was Rs.9 per share. From thereon, the company has performed really well in terms of financials.

(v) When the Electrosteel was delisted, the EV was around 5300 Cr.

Business Performance of ESL Unlisted Share in Fy21-22
1. In FY22, ESL produced the most hot metal ever (1.355 MT, up 5% YoY), as well as the most saleable amount ever (1.260 MT, up 6% YoY).
2. EBITDA margins have shrunk by 20% year over year, mostly as a result of rising iron ore prices and an unusual rise in the price of coking coal over the year.
3. To reduce the cost of iron ore (the raw material used to make a steel) the ESL has acquired 2 mines namely (i) Nandidih Iron ore Block (BICO) & (ii) Nandidih Iron Ore & Manganese Block (FEEGRADE) in Barbil, Odisha through the auction process conducted by government of Odisha. This will give them backward integration facility for making steel.
4. In the year FY22, the prices have been impacted by global economic slowdown, Russia – Ukraine war, the emphasis on development projects, demand-supply forces, and government spends and policies. The company is expecting that Steel demand will remain stable in 2022 and there will be sharp correction in prices of Coking coal and iron ore prices.
5. In the month of May-22, Government has imposed export duty on the products i.e.- Pig iron, TMT & Wires rod and increased export duty on all grades of iron ore. Government has also removed duty on coking coal. Removal of import duties on coking coal and increase in export duty for iron ore will ease cost of production for steel. However, imposition of export duty on steel will have negative effect on domestic steel price sentiment.

Electrosteel Steels Limited Unlisted Shares Details:

Total Available Shares:	Not Available
Face Value:	₹ 10 Per Equity Share
ISIN:	INE481K01021
Lot Size:	1000 Shares
Current Unlisted Share Price:	₹ 44 Per Equity Share
Retail Discount:	Bulk Deal (1%)

Promoters And Management:

Vedanta is the promoter of the company.

Financials of Electrosteel Steels Limited Unlisted Shares:

(Fig. in Crores)

Year	Revenue	EBITDA	OPM	PAT	NPM	Shares	FV	EPS
2017	2875	141	5%	-1,463	-51%	240.92	10	-6.07
2018	3621	423	12%	-6,138	-170%	240.92	10	-25.48
2019	5006	883	18%	1,188	24%	196.17	10	6.06
2020	4481	668	1.5%	-22	-0.5%	184.9	10	-0.12
2021	4899	977	19.9%	2732	56%	184.9	10	14.78
2022	6799	767	11.28%	-92	1.3%	184.9	10	NA

ESL Unlisted Share Financial Analysis of FY21 1) There is a revenue growth of 9.3% in FY21 as compared to last year. 2) In FY21 Electrosteel has shown a PAT of 2732 Cr. on the back of deferred tax. Otherwise, It has shown a loss of 21 Cr. 3) As per peer comparison, the EV/EBITDA multiple looks very high for Electrosteel at current unlisted market price of Rs.45 Financial Comparison of FY21-22 with FY20-21

Particulars (in Cr)	Fy22	Fy21
Revenue	6799	4899
Cost of Material Consumed	4591	2682
Gross Margins	32.48%	45.25%
Change in Inventory	-250	130
Employee Benefit Expenses	161	154
Other Expenses	1530	953
EBITDA	767	980
EBITDA Margins	11.28%	20.00%
Finance Cost	338	376
Depreciation	345	346
Exceptional Loss	58	273
PBT	26	-21
Deferred Tax	118	-2752
PAT	-92	2731

ESL Unlisted Share Financial Analysis of FY22 1. Revenue has increased from Rs.4899 Crores in Fy21 to Rs.6799 Crores in Fy22. 2. Cost of Material consumed has increased from 2682 in Fy21 Crores to 4591 Crores in Fy22. 3. Gross Margins has come down heavily from 45% to 32% in Fy22. This is due to a result of rising iron ore prices and an unusual rise in the price of coking coal over the year. 4. PBT was at Rs. 26 Crores as compared to loss of 21 Crores last year. However, due to higher deferred tax, of 188 Crores in Fy22, the ESL came in loss. ESL Unlisted share shown 72% contraction in margins in H1FY23 1. In the second quarter, the saleable production up 11%YoY on account of completion of debottle-necking activity in blast furnace -3 in 1Q FY23. 2. Half yearly saleable production increased by 2%YoY despite decrease in hot metal due to improvement in yield. 3. ESL Margins have decreased amidst softening of steel prices post imposition of export duties by GOI and higher Coking coal prices. 4. The margins have reduced from $70 dollar per ton to $19 dollars per ton due to reason mentioned at point number 3. ( Reduction of 72% in Margins) 5. ~2500 Crores CAPEX is plan for ESL to increase the production capacity from 1.5 to 3 MTPA hot metal. Out of this, ~ 400 CAPEX has been done. 6. Total debt on ESL as on 30.09.2022 is Rs. 2106 Crores after subtracting cash from it. 7. Total revenue generated in the H1FY23 is ~3400 Crores which is up from ~2600 Crores in H1FY22. 8. But due to margin pressure, the EBITDA has gone down from 295 Crores in H1FY22 to just 82 Crores in H1FY22. ( Reduction of 72% in Margins ). Electrosteel Steel Annual Report 2021-22 Electrosteel Steel Annual Report 2020-21 Electrosteel Steel Annual Report 2019-20 Electrosteel Steel Annual Report 2018-19

Comparison With Peers:

Particulars (in Cr)	Revene	OPM	PAT	NPM	EPS	P/E
Tata Steel	63,490	26%	40,154	16.46%	32.88	3.27
JSW Steel	39,114	27%	20,665	14.11%	85.49	7.76
Sail	21,342	21%	12,243	11.83%	29.64	2.59
Jindal Steel	14,031	27%	9,690	11.26%	56.4	6.78
Electrosteel	6799	11.28%	-92	1.30%	N/A	N/A

Note: 1. Price of listed peers has been taken as on 04.08.2022 2. Electrosteel Unlisted Share Price Has Been Taken As Rs. 45 Per Share as on 04.08.2022 3. Financial data of all the companies are takes for FY22.

Frequently Asked Questions:

Please find below the procedure for buying Electrosteel Steels Limited Unlisted Shares at UnlistedZone.

1. You confirm booking of Electrosteel Steels Limited Unlisted Shares with us at a trading price.
2. You provide your client master report (ask the broker if not available) along with PAN Card and Cancelled Cheque in case you are not transferring funds from the bank account as mentioned in the CMR Copy. These are KYC documents required as per SEBI regulations.
3. We will provide the bank details.
4. You need to transfer funds in that account.
5. Payment has to be done in RTGS/NEFT/IMPS CHEQUE TRANSFER. No CASH DEPOSIT.
6. Payment has to be done from the same account in which shares are to be credited.
7. We will transfer the shares in 24 hours if funds are credited before 2 pm.

Important Note: Please note that the lock-in period for selling Electrosteel Steels Limited Unlisted Shares is 6 months after listing. Hence you can’t sell Electrosteel Steels Limited Unlisted Shares which you bought in Pre-IPO for 6 months after its listing. i.e. You can sell it only after 6 months calculated from the listing date. For any queries, please contact us at sales@unlistedzone.com

Please find below the procedure for selling Electrosteel Steels Limited Unlisted Shares at UnlistedZone.

1. We will confirm our buying price of Electrosteel Steels Limited Unlisted Shares.
2. We will give you our client master report and you will transfer the Electrosteel Steels Limited Unlisted Shares to our demat account.
3. We will ask for bank details of yours once the Electrosteel Steels Limited Unlisted Shares are received in our demat account..
4. We will transfer the funds in your bank account within 24 hrs of receiving the Electrosteel Steels Limited Unlisted Shares.
5. Payment will be made in RTGS / NEFT / CHEQUE TRANSFER/IMPS. No CASH DEPOSIT.
6. Payment will be given in the same account which is linked to demat account or you need to provide the cancelled cheque shows your name to verify. As per SEBI regulations, the transfer of funds in the third party account is not legal and our policy refrain us from doing so.

Note: The price at which we are buying the share is fixed for 3 days. If you cant sell your stock within 3 days, then the price of that day will be applicable when we receive shares in our demat.

Lock-in period of Electrosteel Steels Limited Unlisted Shares depends upon category of investors.

1. Venture Capital Funds or Foreign Venture Capital Investor - lock-in Period of 6 months from the date of acquisition of Electrosteel Steels Limited Unlisted Shares.
2. AIF-II - There is no locking period.
3. Other Investors (include Retail, HNIs or Body Corporate) lock-in Period of 6 months from the date of listing of IPO of Electrosteel Steels Limited Unlisted Shares.

This new SEBI rule was introduced in the month of August-2021, wherein the SEBI has reduced the lock-in period previously from 1 year to 6 months to encourage more and more funds to be invested in startups which are going to public or IPO in near future. Reduction of lock-in is seen as big step and after that many PMS funds are advising their clients to invest in Pre-IPO shares to get the benefit of early stage investment.

DIS - Delivery Instruction Slip is the way through which an investor can sell or transfer the Electrosteel Steels Limited Unlisted Shares from his/her demat account to any other demat account. There are two Types of DIS Slip.

1. Offline-DIS - This is an offline mode of transfer of shares wherein the investors needs to fill DIS form and give it to their broker for transferring the shares. Following are the fields which are required to be filled.
- a. ISIN number of Electrosteel Steels Limited Unlisted Shares.
- b. Name of Electrosteel Steels Limited Unlisted Shares
- c. Quantity of Electrosteel Steels Limited Unlisted Shares
- d. Cosideration Amount
- e. Target DP ID and Client ID
- f. Annexure
2. Online DIS - Some of the broker these days gives facility of transferring the Electrosteel Steels Limited Unlisted Shares via online DIS. So, please check with your broker whether such facility is available or not. For example: Angel Broking proivdes the facility of Online-DIS from its platform. As an investor he/she simply needs to add a beneficiary into it and send the Electrosteel Steels Limited Unlisted Shares by filling the details similar to Ofline-DIS.

Read our article to understand more about this. https://unlistedzone.com/how-do-i-sell-my-unlisted-shares/

In the last 4-5 years, the unlisted share market has become quite big and as a result of that, the ticket size has reduced from usual 5-10 Lac to 35-50k in today's scenario. So, via our UnlistedZone platform, if somebody wants to buy Electrosteel Steels Limited Unlisted Shares then minimum investment would be 35-50k.

Yes, buying and selling of unlisted shares in India is 100% legal.

If you sell your shares within 2 years, then you will have to pay Short-term Capital gain on unlisted shares. Short-Term Capital Gain is added in your Income. So, as per individual tax slab you need to pay capital gain tax.

If you sell your shares after 2 years, then you will have to pay Long-term Capital gain on unlisted shares LTCG is 20% with indexation benefits.

After listing of shares, the unlisted shares which you have bought through unlisted market, will be taxed at listed rates, if sold through exchange. So, taxes of listed market will be applicable. And, to calculate holding time, for determining LTCG or STCG, the purchase date of unlisted shares will be applicable.

If you buy Electrosteel Steels Limited Unlisted Shares from UnlistedZone then these shares can checked in two ways. However, before we tell you the process of checking of shares, it is intimated that as per SEBI regulations, the shares can be transferred in demat account only.

Check credit of Electrosteel Steels Limited Unlisted Shares Instantly?

1.You can download the NSDL or CDSL application from google play-store and check. If you want to check whether your stock broker is registered with NSDL or CDSL then check the following procedure.
By carefully examining the number format of Demat Account we can easily identify whether the stock broker is registered with CDSL or NSDL.
Demat Account = DP ID + Client ID. (16 Characters )
"DP ID is the unique identification of the Broker. Every broker gets a unique number from CDSL or NSDL.By carefully examining the number format of Demat Account we can easily identify whether the stock broker is registered with CDSL or NSDL.
Client ID is the unique identification of the Client. Every client gets this unique number which represents his/her portfolio.
In CDSL, all these characters are numbers (1234567891234567) first 8 digits are DP ID and next 8 digits are Client Id whereas in NSDL the first two characters are letters which are in accordance with the country that you are from (IN12345678912345), then 6 unique digits for Broker and next 8 digits are client ID.
Example:
CDSL = 12345678(DP ID) and 91234567(Client ID).
NSDL = IN123456 (DP ID) and 78912345(Client ID).
Check in brokers application?
Credit of Electrosteel Steels Limited Unlisted Shares can be checked in brokers application as well but it takes T+2 days to show the shares.

The Electrosteel Steels Limited Unlisted Shares are credited in demat account same day of transferring funds in our company's bank account.

The price of Electrosteel Steels Limited Unlisted Shares can be checked in two ways. First, you can join our telegram channel where on daily basis we share the latest prices of all the unlisted shares in the morning and secondly, you can register on UnlistedZone.live platform to see the historical graphs and prices of all the shares at one place.

If you see the thesis of investment in the unlisted shares then it is being done mainly to take the advantage of IPO market. And, if the IPO plans of company get delayed due to market conditions or any other reason then demand suddenly drops in the market. The unlisted market works mainly on demand and supply and if there is no IPO news then getting exit would be difficult.

"UnlistedZone is India's fastest and leading marketplace to buy and sell unlisted shares. In the last 3 years, we have already served more than 1 million users on the platform. The total transactions value done from the platform is already more than 100 Crores. The name of our Co-founders Mr. Umesh Paliwal and Dinesh Gupta publish regularly in leading newspapers like MoneyControl, Business-Standard, ET etc for their views on IPO and Unlisted market. In the last 3 years, UnlistedZone has made a good name for itself in the industry and gained a trust of their users. So, the new investors should not be worried about any kind of fraud that is mostly happens with unkown brokers in the market while doing investment with UnlistedZone."

We at UnlistedZone do the valuation based on 2 methods.

1. We check the last funding that is being done in the Electrosteel Steels Limited Unlisted Shares to ascertain the benchmark valuation.
2. If there is no funding happened in the company, then we try to find a business similar to Electrosteel Steels Limited Unlisted Shares in the listed space and do comparison method to ascertain the valuation.

As an investor in the unlisted space, we would always recommend that you must check all the risk parameter carefully before investing in the unlisted space.

We source shares either from the employees or initial investors looking to liquidate their Electrosteel Steels Limited Unlisted Shares.

Pre-IPO shares means which are planning for an IPO in near future. So, all the shares which are traded on the platform are not Pre-IPO Shares. However, if the company's business is going good and then demand will always be there in the unlisted space, so even if the IPO does not come, the investors can easily liquidate their Electrosteel Steels Limited Unlisted Shares in the unlisted market itself.

Rules and regulations of SEBI are applicable in the Unlisted space like lock-in period of 6 months, paying of Stamp Duty, and DP Charges for every transaction etc. However, to become an unlisted broker there is no such regulation by SEBI as of yet.

For tracking news and other information about Electrosteel Steels Limited Unlisted Shares, one can visit our website wherein we post news and other information on daily basis and one can also join our telegram channel.

Discussion on Electrosteel Steels Limited Unlisted Shares:

70 Comments

Abhayparmar

4:15 PM, 6 August 2021

I am interested in ESL shares want to buy anyone who wants to sell.

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sumit chopra

8:29 PM, 24 December 2021

I want to sell 1694 shares at PE of 15. CURRENT EPS is 15 per share. Pls call if interested in buying shares at 150 per share.

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varun mangla

9:19 AM, 8 January 2022

Hi I want to sell my shares .
What is the price you can offer?

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Umesh Paliwal

11:48 AM, 8 January 2022

Hi Varun,

Currently, we are offering Rs.55 per share for ESL Shares…If your are interested, do drop us an email at Sales@unlistedzone.com.

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Raghu91

7:05 PM, 11 February 2022

Hi Umesh,
i want to sell 2000 ESL share, Please let if you have update the price from 55

Thanks

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VirendraSahu

3:19 PM, 27 March 2022

Yes I am interested to 590 shares @ 55.

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Raghu91

6:36 PM, 11 February 2022

i want to sell what is your bid

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Inrasha

5:22 PM, 18 April 2022

i

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Inrasha

11:40 AM, 19 May 2022

Yes I want to sell 1000 shares @70/share,

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Umesh Paliwal

2:57 PM, 7 June 2022

Currently, we are buying shares of Electrosteel at Rs. 40 per share.

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Inrasha

5:18 PM, 8 July 2022

Yes have 1000 shares wish to sell, what is the best price you offer, let me know if you are serious buyer.

inrasha

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Ajit

6:49 PM, 29 April 2021

If anyone wants to sell ESL shares then I am ready to buy @20 Rs / Share.

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Sandeep Challa

7:23 AM, 26 May 2021

I have 3000 shares

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Ajit

4:39 PM, 28 May 2021

If anyone wants to sell @20 Rs/share Then contact on sales@unlistedzone.com

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sandeepemmidi

3:56 PM, 11 August 2021

I can purchase @ 30 Per share.

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SHIVAJI

5:51 AM, 26 August 2021

I wanted to buy @25

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qwmk qa

6:19 AM, 28 May 2021

YES, I M INTERSETED

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radhi

10:54 AM, 16 September 2021

Did you buy or you still want?

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gauravmarwah

10:34 AM, 5 June 2021

Hi

I have 1000 no shares of electrosteel steel Ltd. What’s the current prices in which I can immediately sell…

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arvind

3:43 AM, 16 February 2021

Anybody interested in selling shares of ESL, please contact me with price and quantity.

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Vivek Kumar Singh

2:36 PM, 21 February 2021

I have 20000 (Twenty thousand shares), can sell all @ Rs 660/- per share. Any lower offer not acceptable to me as my purchase price was above Rs 13 about 6-7 years back. Now current 1 share is equivalent to 50 shares of that time because of conversion. Thanks.
Can contact me by email sales@unlistedzone.com

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himanshu

12:28 PM, 2 March 2021

I am planing to sell 8362 share@300
Please let us know your view

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Tejas Patel

12:15 PM, 8 March 2021

Hello Arvind,

I would be interested in selling ELECTROSTEEL STELL shares .

I have around 6500 shares with me.

Please let me know what price you will be quoting ?

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happy

9:51 AM, 25 April 2021

I would need 1000 shares of esl what price you can offer

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Ajit

6:56 PM, 17 July 2021

I can buy @30 Rs/share
Contact on seven zero two zero eight two five eight two six

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happy

9:49 AM, 25 April 2021

What price you are offering

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varun1989

6:33 AM, 1 June 2021

Hi Aravind,
I have about 9200 shares of ESL. I can sell all @65.
Let me know if you are interested.

Thanks
Varun

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Ajit

6:52 PM, 17 July 2021

I can buy @30 Rs/share
Contact on seven zero two zero eight two five eight two six

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Ajit

10:41 AM, 21 October 2020

Company Name Changed to “ESL Steel Limited” after amalgamation with Vedanta Star Limited. Now Promoter held near about 96% shares of Company.
ESL performance improving day to day. Good Days Ahead. Steel sector will see huge demand in future.

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6eshwar9

5:39 PM, 28 August 2020

Kejriwals of Electrosteel acquired Lanco Sri Kalahasti and made the share holders of Sri Kalahasti pipes rich…..Agarwals of VEDANTA acquired ESSL and made the share holder paupers.Many invested in ESSL shares assuming this would fan out the LANCO SKL way, but many were duped.

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mksind2000

1:40 PM, 19 August 2020

I am having ESL shares of 120. I will sell at Rs 250 per share
If anybody interested please contact 8978944559

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vinoth

2:41 PM, 26 November 2020

Hi,
I have 200 shares of Electro Steel Limited. Last price when it got delisted was around 33.
I would like to know, If I can sell these shares. I am okay for any price above 30 Rs.
Contact me by email if interested.

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HarvinHarris

9:01 AM, 16 December 2020

I can buy ur shares at 30 all 200. U can list it and let me know

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sumedhchavan

3:50 AM, 13 June 2021

Are interested in selling the shares?

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radhi

10:54 AM, 16 September 2021

Are you interested in buying

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mksind2000

1:03 PM, 19 August 2020

I am having Electro steel shares. If any body interested.

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Shaleen

8:02 PM, 16 June 2020

I want to sell my 2000 shares of ESL

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sourabh

5:54 PM, 23 July 2020

ican buy

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Jay Shanker ojha

5:56 PM, 7 August 2020

I have 10000 share of electrosteel .Selling price is Rs 11 per share

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Market Wizard

2:25 AM, 8 August 2020

Please drop us an email at sales@unlistedzone.com for further process.

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HarvinHarris

9:57 AM, 16 December 2020

List it. i can buy it

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sairam.pega@gmail.com

4:28 PM, 23 March 2021

i am interested in buying all the 10000 shares.

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Inrasha

3:01 PM, 21 April 2021

Yes, i will buy your shares @10 /-list whole lot.

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Harinath B

3:49 PM, 7 September 2020

Iam having 400 shares and will sell each shares per Rs 40/- ,If ur interested pls call me 9640287520

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radhi

10:55 AM, 16 September 2021

You still want to buy?
I work in a company where we sell Pre-iPos

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Bhagwan parge

7:17 PM, 23 July 2020

I would like to buy … At what price?
8010009625 WhatsApp

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Pradeep Kumar

6:21 PM, 24 April 2020

In the Feb, 2020 vedanta mentioned it hold the ESL 95.48 percent. I have some shares of ESL. What does this mean to public share holder, Any idea?
Does this mean they may issue vedanta shares for ESL? If so, what could be the swap ratio.

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Market Wizard

5:58 AM, 25 April 2020

As per the resolution plan.

1. The Electrosteel has total debt of 12,719 Cr when the banks took it to NCLT in 2017.

2. In the NLCT, the Vedanta bid was accepted.

3. The 12,719 Cr loan was restructured in two ways:

a) Rs. 5320 cr paid by Vendanta to banks.

b) Rest Rs. 7399 cr debt was converted into equity and shares were given to banks.

4. And finally, after the consolidation of equity shares in 50:1, the total shares left in the company were ~196 Cr.

5. Vedanta has given 90% shares i.e 176.4 Cr, Banks were given 14.78 Cr, and rest 4.82 Cr shares were there with the public.

As discussed above, Vedanta has put Rs. 5320 in the company and that money was given to banks. But how that is adjusted in the balance sheet?

Rs. 1760 cr in the form of equity and rest 3550 cr was introduced as debt in the company.

Now, what you are saying, the Vedanta might have bought the shares from the public. There is no news of merging of the acquired business into Vedanta.

Even if Vedanta looking for a merger, the swap ratio will be find out by valuing the business on the date of merging.

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Swadhin Mandal

4:52 AM, 9 August 2020

Fy20 result?plz

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Ajit

5:32 PM, 26 April 2020

NCLT Kolkata already approved Merger of Vedanta Star Limited with Electrosteel Steels Limited.
They Alloted ESL shares to Vedanta against VSL shares.
After Merger the new entity will get new face and will rename as “Vedanta Steel Limited” or other name which approve by board.
So Within Next 2-3 months picture will be clear what happens next.
I think in next AGM company will come up with some positive resolutions before shareholders for approvals.
So wait couple of months. Company performing very well.

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Kuber

1:34 PM, 6 March 2020

Any idea when will the shares relist

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Market Wizard

6:50 AM, 7 March 2020

As such there is no news from the management side regarding the listing of Electrosteel Steels.

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Kumud

5:08 AM, 17 February 2020

I have 2050 shares of electrosteel steel Ltd after its delisting.i am interested in selling.

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Ajit

5:34 PM, 26 April 2020

On what price you are selling.

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Ajit

10:54 AM, 12 August 2019

I want to sell 1000 Electrosteel Steel ( Vedanta Steel Ltd) Shares @130/share

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pankaj gupta

6:18 PM, 21 February 2019

i want purchase shares in this company. kindly tell me price.
thanks.

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Market Wizard

11:53 AM, 22 February 2019

Not available.

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Anurag

6:03 PM, 9 January 2020

I have 790 shares. Will sell @ 350/share

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James

6:07 PM, 6 June 2020

I have 999 shares. Will sell at 350/share

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Market Wizard

3:55 AM, 7 June 2020

Currently, the share selling rate is Rs. 10 per share.

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sourabh

5:57 PM, 23 July 2020

gve me at 10 rs

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Raj

5:42 PM, 27 June 2020

I want to sell 800 Electrosteel Shares @ 30/share

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Market Wizard

3:15 AM, 1 July 2020

Currently, the price is Rs. 10 per share.

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Rahmat Ali

8:37 PM, 8 July 2020

Hi , I am interested in buying your shares . Pls let me know your final price and contact details

Regards
Rahmat

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Market Wizard

11:19 AM, 9 July 2020

At present we are selling at Rs 15 per share. Please drop an email at sales@unlistedzone.com for further communication.

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naresh kuhar

3:59 PM, 23 July 2020

me interested for buying electrosteel steel limited share at rs 10

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shivam99

7:13 AM, 22 January 2021

hi naresh, if you are still interested in buying ESL shares contact me

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arvind

3:41 AM, 16 February 2021

Hi, I am interested to buy. Please inform the price and quantity available.

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Ajit

6:55 PM, 17 July 2021

I can buy @30 Rs/share
Contact on seven zero two zero eight two five eight two six

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radhi

11:00 AM, 16 September 2021

Sir please contact us on 08010009625 we sell such types of share and many more companies shares

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Electrosteel Steels Limited Unlisted Shares

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Electrosteel Steels Limited Unlisted Shares Details:

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Financials of Electrosteel Steels Limited Unlisted Shares:

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Discussion on Electrosteel Steels Limited Unlisted Shares:

70 Comments

Abhayparmar

sumit chopra

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Raghu91

Inrasha

Inrasha

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Inrasha

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SHIVAJI

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Market Wizard

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