Goodluck Defence Share Price Target & Unlisted Shares

Company Overview & Market Position

According to unlisted platforms, the share price currently sits at ₹318—with a 52-week high of ₹365 and low of ₹235 Unlisted ZoneSharescartPlanify. The estimated market capitalization stands between ₹1,463 crore and ₹1,562 crore, depending on platform valuation.

Goodluck Defence & Aerospace Ltd is a subsidiary of Goodluck India, focused on manufacturing 155 mm artillery shells—critical components in modern warfare. Incorporated in August 2023, it aims to leverage advanced forging technologies (open, die, robotic) to produce 150,000 shells annually. The initiative is backed by preferential funding of ₹40 crore and an overall projected capex of ₹250 crore.

The company has already drawn interest from industry names like Adani Defence & Aerospace for ~33% output, highlighting strong initial demand Unlisted Zone. Competitors include established players in forging like Bharat Forge, CHW Forge.

Share Price Target Outlook

• Short-Term (1–2 Years)

With the current unlisted price around ₹318, short-term price movement is likely confined between ₹300–₹350, driven by demand-supply dynamics and initial production milestones.

• Medium-Term (2–3 Years)

Once production ramps up and strategic collaborations (e.g., with OEMs or defence partners) are finalized, share price may target ₹400–₹450.

• Long-Term (Post-IPO/5+ Years)

Assuming successful listing and strong operational execution, valuation could climb to ₹500–₹600 per share, depending on financial performance and investor sentiment.

Growth Catalysts & Strategic Strength

• Parentage and manufacturing pedigree under Goodluck India, acclaimed for 35+ years in metal forging

• High demand domain: 155 mm shells are essential in artillery operations, domestically and potentially for export

• Early traction from major investors and defense stakeholders

• Sector momentum: India’s defence manufacturing drive creates favorable tailwinds

Risks to Consider

• Pre-Revenue Status: Operations have yet to commence fully and no historical earnings are available.

• Regulatory Complexity: Defence sector entry requires navigating approvals and compliance

• Liquidity Constraints: Unlisted shares may be hard to buy/sell rapidly

• Competitive Environment: Facing established DSPs and forging majors

Why Watch Goodluck Defence?

• Strategic entry point at ₹318 provides early exposure to India’s defense build-up

• Diversification into a long-term defensive manufacturing sector

• Enhancement potential: If the company achieves operational traction and lists, high reward potential exists

How to Invest via Ultra

• Sign up on Ultra and complete KYC

• Navigate to the Unlisted / Pre-IPO section

• Select Goodluck Defence

• Order in multiples of 100 shares (₹31,800 minimum)

• Shares get credited to your CDSL/NSDL Demat account

• Trade via secondary unlisted deals or hold for future upside

FAQs

Q1: What is the current Goodluck Defence unlisted share price?

₹318 per equity share; available in 100-share lots (₹31,800 minimum).

Q2: What is the share price target for Goodluck Defence?

Short-term: ₹300–₹350. Medium-term: ₹400–₹450. Long-term (post-IPO): ₹500–₹600.

Q3: What is the company’s market cap at current valuations?

Estimated market capitalization ranges from ₹1,463 to ₹1,562 crore.

Q4: Is investing in Goodluck Defence shares risky?

Yes. Risks include limited liquidity, regulatory complexity, pre-revenue status, and competitive landscape.

Q5: Is buying unlisted shares legal in India?

Yes. You can purchase them through regulated intermediaries and digital platforms like Ultra compliant with SEBI guidelines.