The roots of Jessop & Company Ltd. go back to 1788 when Breen & Company was founded in Calcutta. In 1820, Henry and George, sons of William Jessop acquired Breen & Company on behalf of Butterfly Company established in Derbyshire, England in 1790 by William Jessop. These two companies merged together to become Jessop & Company. Subsequently, in 1973, the company was taken over by the Government and Jessop became a Govt. of India undertaking.
In 1986, with the formation of Bharat Bhari Udyog Nigam Limited (BBUNL), a Public Sector Holding Company under the administrative control of Deptt. of Heavy Industry, Ministry of Industry, Govt. of India, Jessop became a subsidiary of the Holding Company. During the last two centuries, the company has consistently modernized and streamlined its production facilities to keep abreast of the latest technology and has introduced many new products for core sector industries in the country.
However, the government had sold a 72 percent stake in the company to Ruia Cotex for Rs 18.18 crore in 2003. The majority shares of the company were handed over to the Ruia Group, accepted as the strategic partner of the government for revival of the company
The company manufactures Cranes, Wagons, Coaches, Road equipment, Hydraulic, and EPC business.
Some of the prominent clients of the company are Tata Steel, BHEL, Essar Steel, NEEPCO, Metro Railway Kolkatta and Kolkatta Port Trust.
|Total Available Shares:||Not Available|
|Face Value:||₹ 10 Per Equity Share|
|Retail Discount:||Bulk Deal (1%)|
Please find below the procedure for buying Jessop & Company Limited Unlisted Shares at UnlistedZone.
Please find below the procedure for selling Jessop & Company Limited Unlisted Shares at UnlistedZone.
Lock-in period of Jessop & Company Limited Unlisted Shares depends upon category of investors.
DIS - Delivery Instruction Slip is the way through which an investor can sell or transfer the Jessop & Company Limited Unlisted Shares from his/her demat account to any other demat account. There are two Types of DIS Slip.
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 Jessop & Company 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 Jessop & Company 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 Jessop & Company Limited Unlisted Shares Instantly?
The Jessop & Company Limited Unlisted Shares are credited in demat account same day of transferring funds in our company's bank account.
The price of Jessop & Company 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.
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We at UnlistedZone do the valuation based on 2 methods.
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 Jessop & Company 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 Jessop & Company 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 Jessop & Company 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.