While initial public offerings are grabbing headlines and stock markets command the spotlight, a silent transformation is under way in unlisted shares. These are shares of businesses that also do not report to formal exchanges—say, the NSE and BSE—but have seen smart investors push up their prices consistently. Now, if you are relatively new to investing and confused about how to buy unlisted shares, this Ultimate Guide will explain everything that you need to know in 2025 — from basics of it up till the most advanced strategies.
Table of Contents
What Are Unlisted Shares?
Unlisted Shares : Equity shares in companies which are not listed on any of the stock exchanges. While listed shares can be freely bought and sold on the market, unlisted shares trade privately in transactions known as private placements or over-the-counter (OTC) deals between buyer and seller.
Such stocks are usually found from startups, private limited companies and even pre-IPO unicorns like Swiggy, Ola, PharmEasy et al which form the unlisted shares list.
Why Are Unlisted Shares Gaining Popularity?
Investors in 2025 are turning to buy unlisted shares for a few reasons:
- Early Investment Opportunity: Be in before the IPO rush.
- High Growth Opportunities: There’s no better way to grow than in a late-stage private company.
- Diversified Portfolio Less dependence on the listed market.
- Unicorn Access: Get in on the ground floor of tomorrow’s blue chips.
Key Features of Unlisted Shares
Fair Market Fluctuation: Prices aren’t market, however usual.
Regulatory oversight: They are regulated by SEBI too, but with a lower level of compliances.
High Risk, High Reward: This one is straightforward — you can potentially gain a lot but also lose even more.
How to Buy Unlisted Shares in India (2025 Edition)
Undoubtedly, with the booming fintech ecosystem and specialized platforms it is now easier than ever to facilitate the process of how to buy unlisted shares in India.
Step 1: Research the Unlisted Shares List
Start by exploring the unlisted shares list available on platforms like:
- CoinDCX News
- UnlistedZone
- SharesCart
- Altius Investech
- Planify
Beware of the typical companies that might go well with your goals as an investor; Swiggy, Tata Technologies, HDFC Securities or Reliance Retail.
Step 2: Verify Seller Authenticity
The offering for the shares through the platform or broker must be registered with SEBI. This reduces fraud risk.
Step 3: Understand the Pricing
When it comes to unlisted shares, you cannot see the prices on a live ticker like we do with listed stocks. Prices are determined by company performance, most recent funding rounds, or peer comps.
Step 4: Complete KYC Formalities
Input process of your investment will require PAN,aadhaar,bank details. This is usually done on most platforms whitin 24 hours.
Step 5: Make Payment & Transfer Shares
After coming to an agreement at a predetermined price, you make the payment and the shares are transferred to your Demat account by way of off-market transfer.
Best Platforms for Unlisted Shares Buy in 2025
Here are some trusted portals for buying unlisted shares in India:
- Altius Investech – Great for early-stage companies
- UnlistedZone – Extensive analytics and pricing history
- Planify – Offers equity research reports
- SharesKart – User-friendly with good after-sales support
- CoinDCX News – Offers detailed investment guides and market insights
Key Sectors Offering Unlisted Shares
- Fintech: Paytm Money, Razorpay
- Edtech: BYJU’S, UpGrad
- Food Delivery: Swiggy, Zomato (Pre-IPO phase)
- Retail: Reliance Retail, Tata Capital
- EV & Renewable: Ola Electric, Vikram Solar
Taxation on Unlisted Shares in India
Before you buy, understand the tax implications:
- Short-Term Capital Gain: If held for less than 24 months, taxed as per income slab.
- Long-Term Capital Gain: If held for over 24 months, taxed at 20% with indexation benefit.
Risks Involved in Unlisted Shares
- Liquidity Issues: You may not find buyers quickly.
- Information Asymmetry: Limited access to financials and quarterly reports.
- Regulatory Changes: SEBI can introduce new norms affecting your holdings.
- Delays in Listing: Pre-IPO timelines may get extended.
Rewards of Investing in Unlisted Shares
- 10x to 20x Returns: Historical examples include Nykaa and MapMyIndia.
- First-Mover Advantage: Beat the crowd and maximize profits.
- Institutional Entry: Get in before mutual funds and foreign investors.
Tips for First-Time Investors
- Start small and diversify.
- Don’t invest based on hype—check valuations.
- Understand the business model.
- Keep a horizon of 3-5 years minimum.
- Use only trusted platforms for buying.
How to Exit from Unlisted Shares
- Via Buyback: Some companies offer to buy back shares before IPO.
- When IPO Happens: Shares are automatically listed.
- Private Resale: You can sell to another investor via the same platform.
Future Outlook of Unlisted Shares in India (2025 & Beyond)
India’s startup and private company ecosystem is awash with 100+ unicorns, many more added every year. With better regulations and online platforms facilitating entry, buying unlisted shares is no more just the privilege of high-net-worth individuals. Even the retail investor is now moving in with confidence.
With multiple IPOs in pipleline for the class of 2025-26 like Swiggy, PharmEasy and Ola Electric, it’s never been more exciting to invest early into unlisted shares.
Final Thoughts
Related Content:Buying Unlisted Shares No More Hidden Secret To Venture Capitalist Or Seasoned Investors, Playing The Long Game And Benefits Of Regular Investing,… New investors looking to exploit this avenue to generate massive growth pre-public-companies in 2025.
So new to urge unrestaded shares for the first run through? Or then again hoping to enhance your current portfolio with some business over pursues however, do not have a clue about the best approach to explore such waters?
Stay informed, stay diversified and always invest over the long term.
Brought to you by Coindcx news — the only place you need for unrestaded shares and Crypto Insights.
FAQs About Unlisted Shares
What are unlisted shares?
Unlisted Stock, as name denotes are the equity shares of companies which are not listed on any recognized stock exchange.
How to buy unlisted shares in india?
You can even purchase them through online platforms for example Planify, UnlistedZone or from SEBI enlisted brokers. KYC is required.
Are unlisted shares a safe option to invest?
It has the potential for favorable returns as well, however it is also a higher-risk asset. Always invest through verified platforms.
Where to Access Unlisted Shares List?
CoinDCX News, Planify and UnlistedZone provides the latest un-listed shares list.
Whether I can sell unlisted shares before IPO?
Correct, either through off-market transfers or private investor sales.
Do unlisted shares pay dividends?
Some do, but it’s rare. The majority of the returns are from capital gains.
How many days after Ip may be lock-in period?
As far as retail investors are concerned, as a general rule there is no lock-in, sometimes pre-IPO investors are locked for up to 6 months.
Are unlisted shares taxed differently?
Yeah, indexation after 24 turns is 20% on long term gains.
How to Check Price of Unlisted Shares?
Prices are provided by third party services we rely on the data really worth, not live prices.
People are asking me — hey, which stock to buy in 2025 as unlisted shares?
Some of its top picks are Swiggy, HDFC Securities, Tata Capital, Ola Electric and Reliance Retail.