The Midland Rubber & Produce Co Limited Unlisted Shares | Latest Share Price & Updates
Company Overview
The Midland Rubber & Produce Co ltd is a group company of AVT Group. The company was formed in 1937 and is engaged in the business of plantation and cultivation of tea, rubber and cardamom.
The Midland Rubber & Produce Co share price has been a significant aspect of the company’s trajectory.
During FY 2021, the company achieved consolidated turnover of ₹ 64 crores with net income of ₹ 28 crores.
Business Model
The principal business of the company is the cultivation of tea, cardamom and rubber. During FY 2021, the company produced 15.6 lacs kgs of tea, 0.73 lac kg of cardamom and 2.17 kgs of rubber. During FY 2021, tea accounted for 72%, cardamom 19% and rubber 7% of the total income.
The company has one majority-owned subsidiary: Midland Latex Products Ltd
Registered Office
The registered office of the company is located at 27/1032, Panampilly Nagar, Ernakulam, Kerala.
| Symbol: | The Midland Rubber & Producer Co. Ltd. |
|---|---|
| Face Value (₹): | 10 |
| ISIN: | INE828E01018 |
| Demat Status: | NSDL/CDSL |
| Lot Size: |
Board of Directors:
| Name | Designation |
|---|---|
| Mr. Ajit Thomas | Chairman |
| Mrs. Shandri Thomas | Director |
| Mr. A. D. Bopana | Director |
| Mr. S. Ganesan | Director |
| Mr. R. Venugopalan | Director |
Key Business Highlights of MRG With The Midland Rubber & Produce Co Share Price
- Largest producer of rubber, tea, cardamom of Southern India.
- The company is profitable and stable with high growth potential
- The company has one majority-owned subsidiary: Midland Latex Products Ltd which provides for vertical integration benefits for the business.
- Part of the famous, AVT Group.
Financial Highlights
Financial Charts
Shareholding Pattern
Peer Comparison
Media Updates
Frequently Asked Questions
The buying and selling of unlisted shares and pre-IPO shares is fully legal and valid.
The procedure to buy The Midland Rubber & Produce Co unlisted shares is fairly simple. Once you have settled on the price and quantity of the transaction, you would have to transfer the funds into the bank account of the seller.
When the funds are transferred and transaction details are shared with the seller, your demat account will be credited with the shares either on the same day of the fund transfer or before the end of the next working day.
In the secondary market, the transactions related to unlisted shares take place with the existing owners of the shares who are generally the employees or existing investors in the company. The company itself is not directly involved.
The Midland Rubber & Produce Co shares will get credited either the same day or before the end of the next working day when you transfer the funds into our bank account.
The minimum lot size varies on the basis of market conditions and demand and supply factors. To know the current lot size for The Midland Rubber & Produce Co Ltd unlisted shares, please visit the stock page on our website: www.delistedstocks.in
There are many factors which influence the pricing of unlisted shares. Apart from the supply and demand factors, the latest transactions happened on the same stock, last funding round of the company, and valuation level of companies of the similar size affect the pricing of the unlisted shares.
Once the selling price and quantity of shares is agreed with us, we will provide you with an UTR number to transfer the shares. Once you have transferred the shares into our company’s demat account, funds will be released into your bank account within 24 hours or before the end of the next working day of the transfer of the shares.
If your holding period is less than 2 years, then such income is treated as business income and liable to get taxed as per tax slab of the investor.
If your holding period is more than 2 years, then your profits would be subject to long-term capital gains tax. The current short-term capital gain tax rate is 20% after indexation.
The trading in unlisted shares is governed by Securities & Contract (Regulation) Act, 1992 which comes under the preview of SEBI. The SEBI regulations become applicable when the stocks of the company get listed on the stock exchange. There is a minimum lock-in period of 6 months for pre-IPO investors.
The major risk associated with investing in unlisted stocks is the liquidity risk. The possible exit route for investors is either to sell to another investor or wait till the company gets listed on the stock exchange.
Yes, NRI’s can also buy and sell The Midland Rubber & Produce Co unlisted shares just like domestic investors. But their investment is on a non-repatriable basis.
