Search for the “Essar Steel share price” and you will find pages offering “unlisted Essar Steel shares” at a few rupees each. Before you trust any of them, you need to know what actually happened to the company.
Quick answer
- Essar Steel (old company): went through insolvency and was acquired by ArcelorMittal and Nippon Steel. One source says the old company’s issued share capital was cancelled and extinguished with effect from 16 December 2019.
- Today’s company: ArcelorMittal Nippon Steel India (AM/NS India). Corporate records describe it as a private unlisted company.
- Listed share price: none. We found no 2026 IPO report for AM/NS India.
- “Essar Steel unlisted shares”: some websites still show indicative prices around ₹5. These conflict with the cancellation and should not be relied on.
How the story went
| Stage | What happened |
|---|---|
| Insolvency | Essar Steel went through the insolvency process. |
| Acquisition | ArcelorMittal and Nippon Steel completed the acquisition; the business became AM/NS India. |
| December 2019 | The old issued share capital was cancelled and extinguished (reported). |
| 2026 | AM/NS India does not appear in 2026 IPO pipeline coverage; listed as a private unlisted company. |
If you are offered “Essar Steel shares”
- Ask for a demat transfer proof and the ISIN. If the equity was cancelled, there is nothing to deliver.
- Check whether the seller is SEBI-registered.
- Do not pay in advance to personal accounts.
- Remember that old shares of a company wiped out in insolvency usually have no value.
What to track every quarter
- Notices on the NSE and BSE announcement pages.
- Orders of the NCLT, SEBI or other regulators, where relevant.
- The company’s latest filings and the auditor’s remarks.
- Any statement from the resolution professional or the company.
Key terms in simple words
| Term | Meaning |
|---|---|
| EBITDA | Profit from operations before interest, tax and depreciation. |
| PAT | Profit after tax, the profit left for owners. |
| 52-week range | The lowest and highest price in the last year. |
| Compounding | Growth on growth: each year’s gain is added to the base for the next year. |
How we prepared this article
We collect numbers from company results, exchange filings where available and public news and price pages, and we note the date of each price. Where sources disagree, we say so instead of picking one quietly. Scenario tables use a simple formula and are examples, not predictions. We do not take payment to publish targets. Found a mistake? Tell us and we will correct it.
Frequently asked questions
What is the Essar Steel share price?
There is no listed price. The old company’s equity was cancelled in the insolvency process.
Is ArcelorMittal Nippon Steel India listed?
Not according to the corporate records and 2026 IPO coverage we found. It is described as a private unlisted company.
Will AM/NS India launch an IPO?
We found no filing or announcement. Check SEBI’s DRHP list.
How often is this article updated?
We review it after each quarterly result and when major company news arrives. The review date is shown at the bottom of the page.
Where can I check the live share price?
On the NSE and BSE websites or in your broker’s app. Prices on this page carry a date and may be delayed.
Are the scenarios an analyst target?
No. They are simple examples built from one formula and different growth rates. Real prices can be far above or below them.
Conclusion
Essar Steel’s old equity has no market and AM/NS India is not listed. Treat any “Essar Steel unlisted share” offer as high risk.
Related reading: Birla Tyres share price, Philips India unlisted share price.
Watch: a related video
Video by Business Standard: How can Essar regain its lost glory?. This is a third-party video that may be older than the status on this page, so check the upload date. It is shown for learning only and is not investment advice.
Sources
- ArcelorMittal: acquisition completed
- Instafinancials: AM/NS India company record
- Tofler: company vitals
- Kotak Neo: 2026 IPO pipeline
Information as of 13 October 2026. Last reviewed 13 October 2026.
Disclaimer: This article is for education only. Share prices and forecasts can change, and past performance does not guarantee future results. It is not personal investment advice, and SharePriceHub is not a SEBI-registered adviser. Please check current information on official sources and speak to a qualified financial adviser before you invest. Read the full disclaimer.
