From the world of stock investing, you must have heard about listed companies— the ones which are active on stock exchanges like NSE and BSE. But beneath the sparkle of stock tickers is another investment option that is less visible but increasingly cropping up on the radars of savvy investors: unlisted shares.
These are shares of companies that have not been listed in any of the recognized stock exchanges. And yet they are all real businesses — of market leaders or promising unicorns. Story continues With the rise of startups, buzz around the pre-IPO space and the focus towards early stage investing, a lot of retail investors are curious about where to buy unlisted share in India and how they can get on board.
In this extensive guide, we at CoinDCX News simplify the leading brokers, portals and steps towards buying unlisted shares — and we walk you through the risks, benefits and best ways to navigate this lucrative but relatively illiquid market.
Table of Contents
What Are Unlisted Shares?
Unlisted shares refer to the shares of a company that is not listed on the stock exchange such as NSE or BSE itself. These companies can include:
- Startups and private companies
- Subsidiaries of listed companies
- Pre-IPO companies
- Delisted companies
Some of these are Reliance Retail, HDB Financial Services, OYO, Mobikwik, and Hero FinCorp, all of which have found favour with investors in the last few years.
Why Buy Unlisted Shares?
Investing in unlisted shares helps an investor to:
- Join in before a company goes public (pre-IPO investing)
- You are too invested in the stock market (take this as a warning) diversify by including alternatives to traditional stock market securities
- Enjoy the long-term capital appreciation if the company scales.
- Invest in startups with potential or in subsidiaries of established companies
But liquidity is constrained and price discovery is not as transparent as with listed shares. That is why it is important to know how to buy unlisted share in India safely.
How to Buy Unlisted Share in India?
Many investors assume that buying unlisted shares is a complex process. But with the emergence of dedicated platforms and brokers, it’s become much easier.
Here’s how to buy unlisted share in India:
- Identify the Company
Decide which unlisted company you want to invest in. Do your research on financials, growth, and potential IPO. - Choose a Trusted Broker or Platform
Several platforms specialize in dealing with unlisted shares. (See list below.) - Verify Share Availability and Pricing
As prices are not publicly listed, brokers/platforms will share quotes. Negotiate if needed. - Place Order & Complete KYC
Submit KYC documents like PAN, Aadhaar, Demat details. - Transfer Funds
Payment is made directly to the seller or through a broker’s escrow mechanism. - Receive Shares in Demat Account
Shares are transferred through off-market transaction and reflect in your Demat account.
Best Brokers and Portals to Buy Unlisted Shares in India
Here’s a list of the most reputed brokers and online platforms that make buying unlisted shares easy and safe:
1. UnlistedZone
One of the oldest and most trusted platforms in India. Offers a range of pre-IPO and unlisted shares with detailed research.
- Website: unlistedzone.com
- Notable Listings: HDB Financial, Reliance Retail, Chennai Super Kings
2. Planify
Planify combines research, startup analytics, and investment offerings. Strong focus on startup equity and employee share buyouts.
- Website: planify.in
- Notable Listings: Pharmeasy, OYO, Mobikwik
3. Altius Investech
SEBI-registered platform dealing in unlisted and pre-IPO shares. Offers insights, portfolio advisory, and quick settlement.
- Website: altiusinvestech.com
4. UnlistedDeal
Emerging platform with a user-friendly interface and growing investor base. Offers pre-IPO market trends.
- Website: unlisteddeal.com
5. SharesKart
Direct seller of unlisted equity. Often deals in bulk and institutional investor interest.
- Website: shareskart.com
6. TradeUnlisted
Caters to HNIs and retail investors. Smooth off-market transfers and verified seller base.
- Website: tradeunlisted.com
Factors to Consider Before Buying Unlisted Shares
While the process of how to buy unlisted share in India is straightforward, you should consider:
1. Valuation and Pricing
No fixed market price. Check for overvaluation and compare across platforms.
2. Company Fundamentals
Look at revenue, profit trends, future growth, and IPO roadmap.
3. Liquidity Risk
Unlisted shares can take time to sell. Not suitable for short-term investments.
4. Tax Implications
If held for more than 24 months, LTCG at 20% with indexation applies.
5. Regulatory Status
Ensure you’re dealing with SEBI-registered brokers or platforms.
Popular Unlisted Shares in 2025
If you’re wondering how to buy unlisted share in India for trending companies, here are some of the most sought-after ones in 2025:
| Company Name | Sector | Est. Share Price | IPO Expected |
| Reliance Retail | Retail | ₹3,000–₹3,500 | 2025–26 |
| HDB Financial | NBFC | ₹700–₹850 | Awaited |
| Tata Technologies | Engineering | ₹800–₹950 | Listed in 2023 |
| Mobikwik | Fintech | ₹150–₹180 | 2025 |
| Hero FinCorp | Financial | ₹950–₹1100 | 2026 |
| OYO Rooms | Hospitality | ₹60–₹80 | 2025 |
Risks of Investing in Unlisted Shares
While unlisted shares offer exciting opportunities, they also come with risks:
- Lack of public information
- Long holding periods
- Uncertainty of IPO
- Lack of exit route
That’s why learning how to buy unlisted share in India with proper research, risk control, and long-term vision is essential.
Expert Tip by CoinDCX News
Unlisted shares should make up a small part of your portfolio — ideal for long-term investors who believe in the company’s potential. Never go by hype alone. Always cross-check pricing, compare brokers, and be ready for illiquidity.
Final Thoughts
Interest in pre-IPO investing is growing, and investors are increasingly looking at how to buy unlisted share in India — and for good reason. It’s because platforms and brokers have made access easier and pricing more transparent and research more widely available.
Whether you are an experienced investor, or are just intrigued by the possibility of trading stocks, be sure to:
- Do your homework
- Choose SEBI-recognized brokers
- Understand company valuation
- Prepare for a long-term play
Given the proper attitude and approach, unlisted shares can become an integral part of your investment voyage.
Stay updated with such insightful investment content only on CoinDCX News.
FAQs on How to Buy Unlisted Share in India
What are unlisted shares?
Unlisted shares refers to the equity shares of companies not listed on NSE or BSE. Trading occurs privately through brokers or on platforms.
Is it legal to purchase unlisted shares in India?
invest-cart-unlisted-shares-in-india149ShutterstockYes, it is possible to buy unlisted shares in India. It’s carried out by registered brokers or private networks in off-market transactions.
Where do I buy unlisted shares?
Unlisted shares can be purchased via few reliable portals such as UnlistedZone, Planify, Altius Investech, TradeUnlisted and others.
How can I verify the price of unlisted shares?
There is no public exchange. Brokers make indicative prices from last traded trades. Before buying, compare prices among different platforms.
Will I be able to sell unlisted shares later on?
Yes, but liquidity is limited. You’ll have to find a buyer, or you can wait for the company to list its shares on the stock exchange.
Are unlisted shares risky?
Yes, they are riskier because of illiquidity, valuation uncertainty and information constraints. But they also present high potential for growth.
Is Demat account necessary for buying Unlisted shares?
Yes. Shares come in off-market transfer in to your demat account.
What’s the appropriate duration for holding unlisted shares?
These are long-term investments. Hold periods are typically 2-5 years or until IPO.
How much tax is on unlisted shares in India?
If held for over 2 years, long-term capital gains tax of 20% with indexation is levied. If it is held you have pay STCG, below are the slabs for tax: For you – First 2 years, the STCG is ‘As per your Tax slab’.
Is it possible for NRIs to invest in Indian unlisted shares?
Yes, but with more RBI and FEMA. NRI investors can take the advice of advisors, financial planners.
