The Mysore Paper Mills Limited Unlisted Shares|Latest Share Price & Updates
The Mysore Paper Mills Limited was founded in 1937 by Sri.Krishnaraja Wodeyar Bahadur, Maharaja of erstwhile Mysore State. Later it became a Govt. Company in 1977 and its plant located at Bhadravati, Shimoga District, Karnataka State.
The company has an authorized capital of Rs 150 Crs. and paid up capital of about Rs 120 Crs. While Karnataka Govt holds 65% of the shareholding of the Company, IDBI and other Financial Institutions hold 18% of the shares and shareholding by the General Public is 17%. The company is managed by an eminent Board of Directors consisting of IAS, IFS and other professionals.
The Mysore Paper Mill is situated at Bhadravati, in Shimoga District, Karnataka State. The situation is adjoining the Bhadra River to the South on one side and SAIL factory to the North on the other side. The total area belonging to the company is 882 acres. While a paper mill and sugar mill have been set up in 286 acres of land, the company has developed an independent township in 596 acres of land.
The registered office of the company is located at: No.32, 5thFloor, D. Devaraj Urs Road, Bangalore
Board of Directors of Mysore Paper Mill
Sri. Dr. Ramana Reddy E.V., Chairman
Sri. Dr. Selvamani. R, Managing Director
Sri. Chandrashekar Nayak L, Executive Director
Smt. C. Shikha, Executive Director
Sri. V.C. Rammohan, IFCI Nominee Director
Sri. Mohan D Kulkarni, Company Secretary
Sri. Balachandra Guttal, CFO
Key Business Highlights
- Govt-backed company
- The company has a lot of real estate of around 882 acres of land in and around Karnataka state.
- Its shares are currently undervalued in the market
- The company is managed by eminent people
Frequently Asked Questions
The buying and selling of unlisted shares and pre-IPO shares is fully legal and valid.
The procedure to buy the Mysore Paper Mills 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 Mysore Paper Mills 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 Mysore Paper Mills 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.
Before IPO, there is no restriction on sale and transfer of your Mysore Paper Mills unlisted shares.
But once the shares are listed on the stock exchange, for retail investors, there is a minimum lock-in period 6 months after listing on the stock exchange
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, 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 Mysore Paper Mills unlisted shares just like domestic investors. But their investment is on a non-repatriable basis.