If you've been hearing about Merino Industries and are curious about its unlisted share price, you're not alone. Many investors in India are now exploring opportunities beyond the stock market, and unlisted shares like those of Merino Industries are gaining attention.
In this blog, you’ll get a clear understanding of what Merino Industries does, along with the latest insights on the Merino Industries share price in the unlisted space. We’ll also take you through the company’s financial performance, key benefits of holding its unlisted shares, and most importantly, how to buy or sell them online. Whether you're new to unlisted shares or just looking for updated information, this blog has you covered.
Let’s get into it to explore!
TL;DR
Merino Industries is a well-established Indian company known for laminates, interior solutions, and global project presence.
The unlisted share price as of 18 July 2025 is ₹3,393.00 per share (₹10,179.00 per lot of 3 shares).
FY 2024 financials show stable growth with ₹2,251.83 crore revenue and ₹121.54 crore profit after tax.
You can buy or sell shares easily online through trusted platforms like Precize, with a secure and simple process.
What is Merino Industries?
Merino Industries is a leading Indian company with over 60 years of manufacturing experience. It started with woollen textiles and has grown into a major name in decorative surfaces and interior solutions. The company produces over 215 lakh laminate sheets annually, making it one of the largest in India. With a strong presence in more than 80 countries, Merino has built a wide network of 16,000+ dealers and retailers.
Its workforce includes over 6,200 people, and it operates 30 Merino Experience Centres across 22 cities in India and 4 international locations.
Merino has a strong domestic and international footprint, exporting its products to over 60 countries.
Merino is also India’s top manufacturer of restroom cubicles and lockers, having installed around 7 lakh units nationwide.
Founded by the late Man Kumar Lohia and his brothers, Merino Industries is a privately held, non-government company classified as “limited by shares.” While it is currently unlisted, its shares are available for trading in the Pre-IPO market, offering early access before any potential public offering.
The brand’s products have been used in iconic projects like the Statue of Unity and Narendra Modi Stadium in Ahmedabad, the world’s tallest statue and largest cricket stadium, respectively.
It also supplied surface solutions for stadiums built for the FIFA World Cup 2022 in Qatar, showing its reach in large-scale international projects.
Once you know what the company does, the next question is—how much do its unlisted shares cost today?
Merino Industries Unlisted Share Price
As of 18 July 2025, the Merino Industries share price in the unlisted market is ₹3,393.00 per share. The face value of each share is ₹10.00. Typically, shares are available in lots, and one standard lot consists of 3 shares, which brings the total cost per lot to ₹10,179.00.
[The unlisted share price is subject to change based on market demand, availability, and company performance. Please check the latest price before making any decision.]
[Source: Financial reports]
The next step is to understand Merino’s core operations, which help explain its market potential.
What is the Nature of the Business of Merino Industries Ltd?
Merino Industries Ltd operates across three key business segments, making it a diversified company with interests beyond just surface solutions:
Interior Solutions
Merino is widely recognised for its role in the interior design and building materials space.
It offers a broad range of products such as laminates, panels, and restroom cubicles used in both residential and commercial settings across India and international markets.
Agro-Based Business
In the agriculture and food processing sector, Merino runs cold storage facilities that support farmers and agri-businesses.
The company has also entered the FMCG segment with its ready-to-cook snack brand, Vegit, catering to the growing demand for convenient food options.
IT and Business Consulting
Merino also provides IT services and enterprise consulting solutions, supporting digital transformation and adding value for business clients through technology-driven offerings.
With a clear view of its core operations, it’s time to explore how the company stands in terms of revenue and growth.
Merino Industries Financial Performance
As of 18 July 2025, Merino Industries shows stable financial performance based on its FY 2024 data.
The company’s estimated market capitalization stands at ₹3,792.93 crore.
It has a price-to-earnings (PE) ratio of 31.21, and its operating revenue for the year is ₹2,251.83 crore, reflecting a year-on-year (YoY) growth of 3.51%.
The company reported a profit after tax (PAT) of ₹121.54 crore, with an earnings per share (EPS) of ₹108.72.
In terms of returns, Merino recorded a return on equity (ROE) of 9.32% and a return on capital employed (ROCE) of 8.31%.
[Source: Financial reports]
With the financials in place, it becomes easier to understand what makes Merino’s unlisted shares stand out in the private market.
Key Benefits of Investing in Merino Industries Unlisted Shares
When checking the Merino Industries share price in the unlisted market, it helps to understand some of the key advantages associated with holding such shares.
Exposure to a Strong and Growing Brand
Merino Industries is a well-established company with a solid presence in the laminates and interior solutions market.
With consistent financial growth and a wide customer base across India and globally, it has built a strong reputation.
Its steady performance in the unlisted space reflects investor interest and business reliability.
Early Entry Ahead of a Possible IPO
Unlisted shares give you early access to a company before it goes public.
If Merino Industries plans to launch an IPO in the future, unlisted shareholders could benefit from the transition.
While there’s no confirmed IPO date, such developments often generate attention and add value to unlisted shares.
Secure and Transparent Process
Buying or selling unlisted shares is done through trusted platforms that follow proper procedures.
These transactions are regulated under SEBI rules, which include a mandatory lock-in period and applicable stamp duty, adding safety and transparency to the process.
Price Linked to Real Company Performance
The price of Merino Industries' unlisted shares depends on multiple factors, like demand and supply, company performance, and official updates.
Since there’s no exchange listing, the value is often driven by market sentiment and how well the company is doing over time.
A Way to Diversify Your Portfolio
Unlisted shares can be a way to diversify beyond traditional stocks and mutual funds. Since they behave differently from listed market instruments, they may help balance overall risk in your investment portfolio.
With that background in place, the next thing to know is how to go about buying these shares the right way.
How to Buy Merino Industries Unlisted Shares Online
If you’re planning to buy Merino Industries unlisted shares, the process is simple and fully online. By using a secure and verified platform, you can complete your purchase without any confusion. Here’s a step-by-step guide that explains how to do it smoothly.
Step 1: Choose a SEBI-Registered Platform
Begin by selecting a reliable platform that offers access to unlisted shares.
One such option is Precize, which focuses on private market investments and allows you to buy shares of companies like Merino Industries with proper compliance and safety.
Step 2: Register Your Account
Visit the official website and click on ‘Reserve Access’.
Enter your email ID and verify it using the OTP received.
Provide your name, mobile number, and create a password.
Accept the terms and proceed to complete your registration.
Step 3: Complete Your Profile
After registering, you’ll need to provide key details such as your PAN number, bank account details, and Demat account information. This ensures that your transactions are smooth and compliant.
Step 4: Search for Merino Industries Shares
Use the search bar to find Merino Industries unlisted shares. You’ll be able to see the latest share price, lot size, and basic company information.
Step 5: Choose Your Investment Amount
Select the number of shares or lots you want to purchase. Most platforms, including Precize, require a minimum order value, generally around ₹10,000.
Step 6: Add Funds to Your Wallet
Use UPI or net banking to transfer the required amount to your platform wallet. Once the funds are added, proceed to place your order.
Step 7: Order Processing
Your order is usually processed within 24–48 business hours. You’ll get order updates and confirmation through email or WhatsApp.
Step 8: Share Transfer to Your Demat Account
Once the order is complete, the shares are credited to your NSDL or CDSL Demat account within 1–2 working days. Ensure your Demat details are accurate to avoid any delay.
Now that you're familiar with the buying process, let’s walk through what happens when you decide to sell your unlisted shares.
