| Name | Eastern Investments Unlisted Shares |
|---|---|
| Sector | NBFC |
| Security Type | Unlisted Equity Shares |
| Face Value | ₹ 10 |
| ISIN Code | INE684E01015 |
| Available in Depository | CDSL & NSDL |
| Eastern Investments Unlisted Share Price | Currently Unavailable |
| Lot Size | 20 Shares |
| Minimum Investment | ₹ 40,000-50,000 |
| All Time High | ₹ 3200 |
| All Time Low | ₹ 1000 |
| Highlights | - Eastern Investments is parent company of OMDC & The Birsa Stone Lime Company - Dividend from OMDC and Interest from term deposits is prime source of revenues |
| PAN | AABCE0830E |
Eastern Investments Limited (EIL) is a Non-Banking Financial Company (NBFC) that was founded in 1927 as one of the Specified Companies of Bird & Co. Ltd. However, the control of Bird & Company Ltd was acquired by the Government of India after the Bird & Company Ltd. (Acquisition and Transfer of Undertaking and Other Properties) Act, 1980 (67 of 1980) was passed.
This act gave the Central Government control over the management of Specified Companies like Eastern Investments Limited to prevent mismanagement.
On 19th March, 2010, Eastern Investments Limited (EIL) became a PSU, and it is currently listed on Calcutta Stock Exchange (CSE). Eastern Investments Limited is the parent company of The Orissa Minerals Development Company Limited and The Bisra Stone Lime Company Limited, and it became a subsidiary of Rashtriya Ispat Nigam Limited (RINL) on 5th January 2011.
The primary source of revenue for Eastern Investments Limited is from dividends earned from Orissa Minerals Development Company Limited (OMDC) and interest gained on term deposits. As mentioned above, Eastern Investments Limited is the parent company of The Orissa Minerals Development Company Limited (OMDC) and The Bisra Stone Lime Company Limited. Therefore, it is equally important to know about both of the subsdiaries.
– Orissa Minerals Development Company Limited (OMDC):
On August 16, 1918, The Orissa Minerals Development Company Limited (OMDC) was established as one of the specified companies of Bird & Co. Ltd. However, after the enactment of the Bird & Co. Ltd. Act, Bird & Co. Ltd. came under the control of the Government of India.
OMDC became a Schedule-B CPSE on March 19, 2010, and a subsidiary of Eastern Investments Limited (EIL), which also became a PSU on the same day. The company is listed on the Calcutta Stock Exchange (CSE), National Stock Exchange (NSE), and has been granted trading permission to operate under the permitted category in the Bombay Stock Exchange (BSE).
OMDC operates six mining leases for Iron Ore and Manganese Ore in Barbil, located in the district of Keonjhar, Odisha. Three leases, namely Dalki Manganese Mines, Kolha-Roida Iron & Manganese mines, and Thakurani Iron & Manganese Mines, are in the name of Bharat Process and Mechanical Engineers’ Ltd. (BPMEL), but OMDC operates them under Power of Attorney. The remaining three mines, Belkundi Iron & Manganese Mines, Bagiaburu Iron Mines, and Bhadrasahi Iron & Manganese Mines, are in the name of OMDC.
The mining lease validity for all three of these OMDC Mines has been extended by the Government of Odisha until August 15, 2026, October 10, 2041, and September 30, 2030, respectively.
None of the mines are currently operational due to the lack of statutory clearances, but the company is taking necessary actions to start mining. Together, all six mines have an estimated reserve of about 201 million tonnes of Iron Ore and 27 million tonnes of Manganese Ore.
– The Bisra Stone Lime Company Limited:
The Bisra Stone Lime Company Limited (BSLC) was incorporated on 1st day of October, 1910. BSLC was one of the Specified Companies of Bird & Co. Ltd. Bird & Company Ltd came under the control of Government of India after enactment of Bird & Company Ltd.(Acquisition and Transfer of Undertaking and Other Properties) Act, 1980 (67 of 1980).
The paid-up capital of BSLC is Rs. 87.29 crores consisting of 8,72,86,252 shares of Rs. 10 each. The company is listed at Calcutta Stock Exchange. The main activities of the company are mining and marketing of limestone and dolomite.
The mines are located at Birmitrapur in the district of Sundargarh, Orissa. The BSLC is having reserves of about 287 million tons of dolomite & 367 million tons of limestone. The main buyers of BSLC products (Dolomite & Limestone) are Steel Authority of India Limited (SAIL) Steel Plants.
The company has received Environment Clearance (EC) for enhancing production to 5.26 Million Tons per annum of Dolomite and Limestone. The Company is in the process of drawing up a plan for improving the business of the Company.
Undervalued Treasure!
As per Eastern Investments Annual Report FY2021-22, Eastern Investments holds 3,000,890 shares of The Orissa Mineral Development Company Limited (OMDC).
The Market Price of OMDC Limited on National Stock Exchange (NSE) as on 03-03-2023 was ₹2640 per piece!
Therefore, Total Investment of Eastern Investments in OMDC alone comes around ₹792.23 crs while the market cap of Eastern Investments Limited @ ₹2300 per share (as per unlisted market) comes to approx ₹332 crs!
| Paticulars | FY2021-22 | FY2020-21 | FY2019-20 |
|---|---|---|---|
| Revenue from operation | 17307.40 | 9,432.89 | 6,187.19 |
| Other income | 297.32 | 937.78 | 1,096.82 |
| Total revenue | 17,604.72 | 10,370.67 | 7,284.01 |
| Employee benefits expense | 4008.36 | 3,981.58 | 4,219.36 |
| Finance costs | 3,000.26 | 3,173.21 | 2,145.27 |
| Depreciation and amortisation expense | 1565.96 | 257.80 | 273.03 |
| Other expenses | 9,121.71 | 7,344.70 | 6,552.86 |
| Total expenses | 18,090.66 | 14,811.09 | 13,126.84 |
| Profit before tax | (485.94) | (4,440.42) | (5,842.83) |
| Total tax expense | 163.39 | (1,308.88) | 2816.59 |
| Profit for the year | (649.33) | (3,131.54) | (8,659.42) |
| EPS (In INR) | (22.19) | (106.01) | (303.89) |
*Rates mentioned in the chart are indicative.
The trend indicator above has been derived from the current demand/supply of eastern Investments Unlisted Shares. The trend has a tendency to change anytime depending on the market conditions and other events. This indicator must not be construed as any recommendation to buy/sell/hold.
Total Number of Outstanding Shares: 1,444,387
Market Cap Scenarios:
At 2000 Rs/Share, Eastern Investments Unlisted Shares values the company at approx. Rs. 289 crores.
This are just pre-defined scenarios, since the market cap is variable to price, you can calculate the latest market cap based on the ongoing rates of Eastern Investments unlisted shares.
At 2400 Rs/Share, Eastern Investments Unlisted Shares values the company at approx. Rs. 347 crores.
This are just pre-defined scenarios, since the market cap is variable to price, you can calculate the latest market cap based on the ongoing rates of Eastern Investments unlisted shares.
At 2800 Rs/Share, Eastern Investments Unlisted Shares values the company at approx. Rs. 404 crores.
This are just pre-defined scenarios, since the market cap is variable to price, you can calculate the latest market cap based on the ongoing rates of Eastern Investments unlisted shares.
Source: Eastern Investments Annual Report FY2021-22
Other Shareholders includes key shareholders & public
| Name | Listing Status |
|---|---|
| Elcid Investments | Listed but not traded (Available in Unlisted Market) |
No information found for Eastern Investments Dividend
No information found for Eastern Investments Rights Issue
No information found for Eastern Investments Buyback
No information found for Eastern Investments shares split
Process of Buying Eastern Investments Unlisted Shares
For detailed buying process, refer here
The minimum lot size for investing in Eastern Investments Unlisted Shares is 20 Shares
There will be no Lock-in if the shares gets listed directly on NSE and/or BSE. Eastern Investments shares are already listed on Calcutta Stock Exchange
Yes, buying Eastern Investments Unlisted Shares is completely legal
You can regularly check the updated price of Eastern Investments Unlisted Shares at our Website and on our Telegram Channel
At Unlisted Arena, you can buy Eastern Investments Unlisted Shares and many such Pre IPO Shares easily at most reasonable rates with a hassle-free process. Unlisted Arena is India’s leading dealer in Unlisted & Pre IPO Shares
You can sell Eastern Investments Unlisted Shares:
Before Listing: You can sell Eastern Investments Unlisted Shares before Listing too. You need to have a buyer for this shares. We can also help you to liquidate your holdings of unlisted shares.
After Listing: After the listing of shares, you can sell the shares on stock exchanges(NSE/BSE) just like any other listed shares.
(Please note, Eastern Investments is already listed on Calcutta Stock Exchange)
There are two methods to transfer Eastern Investments Unlisted Shares
Method 1 – Offline Transfer
In this method, you must have a Delivery Instruction Slip (DIS) book which is provided by your broker. All the demat broking companies have its own DIS book. Along with DIS, there is an annexure which is to be submitted by the seller. Annexure too is provided by the demat broking company. After filing DIS and annexure, duly signed by the seller, they are to be handed over to your respective broker. Post that, your broker will process the request and transfer the shares as per details provided
Method 2 – Online Transfer
One can also transfer shares online through E-DIS/Off Market share transfer. The client must check with their respective brokers if they provide such facility. One can also transfer shares through CDSL easiest (for CDSL Demat) and NSDL Speed-E (For NSDL Demat) after registering into it.
Yes, Eastern Investments Unlisted Shares are in demat form just like listed shares. You can buy and store them in your demat account. Like listed shares, Unlisted Shares also have their ISIN code so that you can verify the authenticity of shares.
Once the process is complete, Eastern Investments Shares will reflect in your demat account. The shares usually gets reflected in your Depository holdings (DP Holdings). You can check it in your stock brokers app/website. The shares are also shown on your DP transactions and holding statement.
You can also check your holdings in the following:
If you have CDSL Demat Account – CDSL Myeasi app
If you have NSDL Demat Account – NSDL Speed-E
Many investors do ask ‘How to buy Eastern Investments Unlisted Shares in Zerodha, Angel One, Upstox, etc?’
You can buy PharmEasy Unlisted Shares in any demat account with any broking company
When it comes to delivery of unlisted shares- Be assured as Unlisted Arena is the fastest in delivering shares. Once the process is completed, we usually deliver the shares on same day or the next working day. i.e T day or (T+1) working day.
The tax rates will be the same as that on purchase and sale of listed shares.
That is, the long-term gains (shares sold after holding for more than one year) will be taxed at 10% after a threshold of ₹ 1 lakh per financial year.
Short-term gains (gains on selling shares in one year or less) will be taxed at 15%.
For listed shares, there are numerous applications and website which shows the market capitalization of shares. But no need to worry, we have included market capitalization scenarios on our website which shows market cap/valuations of the company based on prevailing Unlisted Shares rates. In addition, we have also mentioned total number of shares so that you can easily calculate current market cap quickly without putting much efforts. Click here to see the valuations of Eastern Investments shares
Quick tip: Market Cap= Total Outstanding shares x Price per share
You can easily check latest developments, news related to Eastern Investments Unlisted Shares on our website without any sign up or login. Click here to know about latest news and happenings
Unlisted Arena is a prominent name which facilitates Unlisted Shares & Pre IPO Shares safely and securely. All the transactions are done through bank accounts where no third parties are involved. Unlisted Arena always quotes transparent rates and is also known for its fastest delivery of Unlisted Shares and Pre IPO Shares. Unlisted Arena gets featured regularly in India’s top most financial publications. You can check media coverage of Unlisted Arena here
Eastern Investments is already listed on Calcutta Stock Exchange.
Yes, NRIs can also buy and sell Eastern Investments Unlisted Shares just like domestic investors. But their investment is on a non-repatriable basis
Like any listed shares, Unlisted Shares price is also determined by demand-supply of Unlisted Shares. Higher the demand, higher the price and vice-versa. The rates of Unlisted Shares are also derived from its performance, corporate actions such as declaration of results, bonus, dividend, etc. Another important aspect is share price/valuation of its listed peer. If the listed business is identical, unlisted companies share price/valuation will too be in similar fashion
At Unlisted Arena, we charge Zero Brokerage/Charges. The rates quoted by us are- net rates, i.e., you do not need to pay any brokerage or charges
One can buy Eastern Investments Unlisted Shares in any demat account – no matter with which broker you have a demat account. There is no need for separate/special demat account for buying Unlisted Shares.
Unlisted Arena sources Eastern Investments Unlisted Shares from existing investors looking to liquidate their investment
Yes, you are eligible to get dividend, bonus and/or any other corporate actions declared by the company. You need to hold the Unlisted Shares in your demat account on the record date declared by the company to be eligible for such corporate actions
Copyright 2022 @ Unlisted Arena. All rights reserved.
