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RRP S4E Innovation ₹144 ▼ 2.7% 1M
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RRP S4E Innovation Unlisted Shares

Defence & Aerospace Electro-optical and surveillance systems

RRP S4E Innovation is a Navi Mumbai company, founded in 2018, that designs and makes electro-optical and surveillance products such as weapon sights, night vision and thermal imaging systems for India's armed forces and security agencies.

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Indicative price
As of 23 Oct 2026
₹144 ▼ 2.70% in 1 month
Dealer quotes: ₹135 – ₹147 across 3 dealers
Key facts

RRP S4E Innovation share details

Lot size
400 shares
Min. investment
₹57,600
Face value
₹10
Founded
2018
Headquarters
Navi Mumbai, Maharashtra
Website
rrps4e.in
ISIN
INE09FT01019
CIN
U74999MH2018PTC304545
Lock-in after IPO
6 months
Price history

RRP S4E Innovation share price chart

1Y change
-59.44%
High
₹355
Low
₹144

Indicative off-market dealer quotes, not exchange prices. A flat stretch means the quote did not change on those days.

About

About RRP S4E Innovation

RRP S4E Innovation Ltd. is an Indian defence technology company. It was founded in 2018 and is based at the TTC Industrial Area in Mahape, Navi Mumbai, Maharashtra. The company says it focuses on indigenous electro-optical and surveillance solutions for the armed forces and security agencies. Its products fall in two groups. Tactical systems include reflex sights (the Mepro range), telescopic sights, night vision devices, hybrid sights, helmet-mounted night vision (Drishti) and surveillance units (PR 110). Border systems include land-based surveillance products under the Viraj name and an aerial Drone in a Box offering. The company also runs an Electro Optics Repair Centre (EORC) that repairs and restores thermal imagers, surveillance payloads and targeting optics. The company is led by Rajendra Chodankar, its Chairman and Founder. According to the company website, he began as a Scientific Assistant at the Bhabha Atomic Research Centre and went on to set up what it calls India's first nano-machining facility. The website lists Dr. Anil Kakodkar, former Chairman of the Atomic Energy Commission of India, and Lt. General R.R. Nimbhorkar, a former Indian Army officer, as mentors. It also names Bharat Electronics Limited, Meprolight, Optix and Microavia among its partners and collaborators. The site says the company is ISO 9001 and ISO 14001 certified and lists RRP Defense, RRP Electronics and RRP Drones as group companies. We could not find a filed annual report or DRHP for the company in a primary source, so this page carries no revenue, profit or share count. Please do not read anything into the missing numbers; they are simply not verified by us yet. The company has no IPO journey recorded on IPO Guru so far. Shares of a company like this are dealt off-market, between private buyers and sellers, so prices are indicative and can differ from deal to deal. Our indicative price is ₹148 per share with a lot size of 400 shares. IPO Guru is not a SEBI-registered research analyst, and this page is information, not advice.

Strengths

  • Product range covers reflex sights, telescopic sights, night vision, helmet-mounted night vision and surveillance units, so the company is not tied to a single product line.
  • The company also runs an Electro Optics Repair Centre for thermal imagers, surveillance payloads and targeting optics, which adds a service line next to product sales.
  • The company states it is ISO 9001 and ISO 14001 certified, which points to documented quality and environmental processes.
  • The founder began his career at the Bhabha Atomic Research Centre and built a nano-machining facility, which gives the company in-house precision manufacturing know-how, as stated on its website.
  • Its website names Bharat Electronics Limited and Meprolight among its partners and collaborators, which suggests ties with established defence and optics players.
  • Group companies named on the website (RRP Defense, RRP Electronics and RRP Drones) extend the group into electronics and drones.

Risks

  • We could not verify revenue, profit, debt or cash flow from a primary document, so the financial health of the company is not known from this page.
  • Defence buyers are mostly government agencies, so orders can be lumpy and depend on tenders, budgets and approvals.
  • The company was founded only in 2018, so its track record is short compared with long-listed defence suppliers.
  • The business relies heavily on its founder, who is also the Chairman, so a change in leadership could affect strategy and relationships.
  • Electro-optical products face competition from larger and better-funded Indian public sector firms and from foreign makers.
  • Defence products need certifications and trials, and delays can push back deliveries and revenue.
  • Unlisted shares trade off-market with indicative prices, limited buyers and sellers, and no stock exchange price discovery, so exiting a holding can take time.
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Important disclaimer

Unlisted shares are not traded on stock exchanges. Prices shown are indicative and based on off-market transactions; they may differ from eventual listing or future market prices. Exit liquidity depends on counter-party availability. SEBI mandates a 6-month lock-in on pre-IPO shares post-listing. Gains held beyond 24 months are taxed at 12.5% LTCG (no indexation). IPO Guru is not a SEBI Registered Investment Advisor. Information here is for general awareness, not personalised investment advice. Please consult your tax advisor before investing.

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