Hindon Mercantile Limited (HML) Unlisted Shares
Latest unlisted share price, company overview and trading process
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Company Overview
Introduction to HML Unlisted Share
Hindon Mercantile Limited (HML), established in 1985 and later acquired by Mr. Kapil Garg in 2019, is a Non-Banking Financial Company (NBFC-ND) registered with the Reserve Bank of India. Based in New Delhi, the company focuses on providing both secured and unsecured lending solutions, including wholesale loans, MSME financing, mediclaim premium funding, and corporate loans. It also serves as the parent company of Mufin Green Finance Limited, holding a 54.44% stake as of March 2024.
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Business Segments
HML operates through multiple lending verticals:
EV Financing:
Electric vehicle loans make up around 76% of the company’s Assets Under Management (AUM), highlighting its strong focus on green mobility financing.
MSME and Business Loans:
Offers a mix of secured and unsecured loans tailored for small and medium-sized enterprises to support their operational and expansion needs.
Other Lending Solutions:
Includes financing for solar panels, mediclaim premiums, and infrastructure related to electric vehicles.
The company follows a digital-first, branch-light approach and serves over 47,000 customers across 20 states through partnerships with OEMs and dealer networks.
Pros
Significant capital infusion of ₹223.65 crore in 9MFY25, strengthening financial position
Strong growth in AUM from ₹675.78 crore in FY24 to ₹1,021.87 crore in 9MFY25
Strategic focus on EV and solar financing aligns with long-term green energy trends
Cons
High concentration of AUM in regions like Uttar Pradesh, Delhi, and Bihar, increasing regional risk
Relatively new portfolio with limited performance history during stress cycles
Moderate scale of operations compared to larger NBFC competitorsUnlisted Share Details
| Detail | Information |
| HML Unlisted Shares Price | 810 |
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| Fundamentals | Value |
| Market Cap | |
| P/B Ratio | 2.54 |
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| FACE VALUE | 10 |
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SHAREHOLDING PATTERN 2025
Promoters or Management
How to Buy or Sell HML UNLISTED Shares
- Check the latest price mentioned above
- Click on the Chat on WhatsApp button
- Share your requirement (Buy or Sell quantity)
- Price and availability will be confirmed
- Transaction is completed offline with proper documentation
Disclaimer: Prices mentioned are indicative and subject to market availability. Unlisted shares are illiquid and involve risk. Please consult a financial advisor before investing.
frequently asked questions
Find answers to the most common unlisted shares-related queries.
What are unlisted shares?
Unlisted shares are shares of companies that are not listed on stock exchanges like NSE or BSE but are legally traded through private transactions.
Is it legal to buy or sell unlisted shares in India?
Yes. Buying and selling unlisted shares is completely legal in India when done through proper documentation and compliant transfer processes.
How do I buy unlisted shares from your platform?
You can browse available shares, connect with us through live chat, confirm the price, complete documentation, and receive shares directly in your Demat account.
How do I sell my unlisted shares?
Simply contact us via live chat, share your holding details, confirm the selling price, and we will assist you with the complete selling and transfer process.
Can NRIs buy or sell unlisted shares?
NRIs can trade unlisted shares subject to RBI and FEMA regulations. Please contact us for specific guidance.
Do I need a Demat account to trade unlisted shares?
Yes, a Demat account is mandatory for buying or selling unlisted shares, as transfers happen electronically.
How long does it take to transfer unlisted shares?
The transfer process generally takes 2–5 working days, depending on documentation and company approval timelines.
Are prices shown on the website final?
Prices are indicative and may change based on market demand. Final prices are confirmed at the time of order through live chat.
What documents are required for trading?
Basic documents include PAN, Demat details, and KYC documents as per regulatory requirements.
Is my transaction secure?
Yes. All transactions are handled securely with proper agreements, verified documentation, and compliant transfer mechanisms.