Is Asel Financial Services listed on any exchange?

No. Asel Financial Services Limited (CIN: U65910MH1994PLC082700) is an unlisted company. Its shares trade only in the over-the-counter unlisted equity market.

When was Asel Financial Services incorporated?

The company was incorporated in 1994 in Maharashtra as a private limited company under the Companies Act.

How do I buy Asel Financial Services Limited unlisted shares here?

Raise an enquiry on any company with the quantity you want. Our desk sources the shares and comes back with a firm price and allocation. You accept the allocation, transfer the funds to the desk's published bank account, and once we verify payment the shares are transferred into your demat.

Who am I actually transacting with?

You transact with the desk, not with an anonymous counterparty. When you buy, you buy from the desk; when you sell, you sell to the desk. Shares always route through the desk's own demat account, so there's one accountable party for the whole trade.

How do I pay, and is there a payment gateway?

Payment is by direct bank transfer to Prospire Network Private Limited's published account (CIN U82300UP2025PTC233622), shown to you in-app at the payment step. There is no card gateway and no escrow. Never pay to a personal account or to any account shared over phone, WhatsApp or email — even if the person claims to be from our team.

How long does settlement take?

After you accept an allocation, you have a short window to pay (typically 2 days). Once payment is verified, shares are usually credited to your demat within 2–3 business days, subject to depository timelines and any company-level restrictions. Timeframes are typical, not guaranteed.

There are no separate platform fee lines and no GST on the transfer — the desk's margin is built into the buy/sell price you're quoted. The only statutory add-on on a purchase is stamp duty on the consideration, shown transparently in your cost breakdown.

Is there a minimum ticket size for Asel Financial Services Limited?

Minimums vary by company and depend on the lot the desk can source. Raise an enquiry and the desk will confirm the available quantity and the minimum for that name.

What KYC do I need, and do I need a demat account?

You'll share your demat details when you enquire so we can settle directly. Full KYC — PAN and a client-master / demat statement — is required before the transfer step, when shares actually change hands. Yes, you need an active demat account to hold unlisted shares.

Are there lock-ins on unlisted or pre-IPO shares?

Some shares carry statutory or company-imposed lock-ins — for example, a post-listing lock-in on pre-IPO stock — and transfers can be subject to the company's articles or approvals. Where a lock-in applies, we'll flag it before you commit.

How do I sell Asel Financial Services Limited shares I already hold?

Raise a sell enquiry with the company, quantity and your target price. The desk confirms a buying price, you transfer your shares into the desk's demat, and once the credit is verified we pay you out by bank transfer to your registered account. The desk never pays out before your shares are received.

Unlisted shares are illiquid, may be hard or impossible to sell, and are not covered by exchange settlement guarantees or investor-protection funds. Pricing is indicative, not live. Read the full Risk Disclosure before you enquire, and invest only what you can afford to lock away.

Asel Financial Services Limited Unlisted Share Price | Buy Asel Financial Services Limited Pre-IPO Shares — wisefolio

Unlisted shares are illiquid and carry higher risk than listed securities. Prices are indicative, not live. Read the risk disclosure.

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Asel Financial Services Limited Unlisted Share Price | Buy Asel Financial Services Limited Pre-IPO Shares — wisefolio | wisefolio

Investment Thesis

Asel Financial Services Limited is a small, unlisted NBFC with very limited public disclosure. The investment case cannot be properly assessed without access to audited financials, management profiles, and loan book details. At INR 46 per share with no publicly available earnings metrics, the stock should be treated as highly speculative. Investor caution is strongly advised.

Pros

RBI-registered Non-Deposit Taking NBFC — regulatory legitimacy from Reserve Bank of India.
Heritage institution with roots going back to 1894 via Ahmedabad Stock Exchange; decades of institutional knowledge in capital markets.
Ahmedabad location benefits from Gujarat's strong MSME and business ecosystem for NBFC lending.

Cons

Post-SEBI regional exchange exit in 2015, the core exchange business was wound down — NBFC pivot is still being established.
No public financial data available; revenue, PAT, and AUM/loan book cannot be independently verified.
NBFC sector faces increasing RBI oversight, scale requirements, and competition from larger fintech lenders.

Business Segments

NBFC Lending

Non-deposit taking NBFC providing loans and financial services; reconstituted from Ahmedabad Stock Exchange Limited post-regional exchange exit.

Revenue Model

Asel Financial Services generates revenue through interest income on loans and financial services as a Non-Deposit Taking NBFC registered with RBI, pivoted from its legacy as Ahmedabad Stock Exchange Limited.

Detailed Analysis

Growth outlookExpansion plans, industry tailwinds & headwinds8

Growth Plans

Potential formalisation and growth under RBI's NBFC Scale Based Regulation framework

Indian credit market growth benefiting all regulated lenders

Industry Tailwinds

Potential formalisation and growth under RBI's NBFC Scale Based Regulation framework

Indian credit market growth benefiting all regulated lenders

Recent Developments

RBI NBFC regulatory tightening

The Reserve Bank of India has progressively tightened NBFC regulation since 2021, including enhanced capital adequacy norms and NPA recognition standards under the Scale Based Regulation (SBR) framework. All NBFCs including smaller unlisted ones like Asel Financial Services are impacted.

2024

Comparable Companies

CompanyTypeTickerMkt Cap

Bajaj Finance LimitedListedBAJFINANCE (NSE/BSE)~INR 4,20,000 crore (2024)

Muthoot Finance LimitedListedMUTHOOTFIN (NSE/BSE)~INR 60,000 crore (2024)

Bajaj Finance LimitedListed

BAJFINANCE (NSE/BSE) · ~INR 4,20,000 crore (2024)

Muthoot Finance LimitedListed

MUTHOOTFIN (NSE/BSE) · ~INR 60,000 crore (2024)

Frequently Asked Questions

About Asel Financial Services Limited

Asel Financial Services Limited is a Mumbai-based Non-Banking Financial Company (NBFC) registered with the Reserve Bank of India. Incorporated in 1994, the company primarily engages in lending and investment activities, providing financial products including loans against securities, inter-corporate deposits, and investment in equity and debt instruments. As a registered NBFC, Asel Financial Services operates under RBI's prudential norms including capital adequacy requirements and asset classification guidelines. The company caters to a mix of individual and corporate clients, offering structured financial solutions for working capital and investment needs. Over its three-decade operating history, Asel has built relationships with clients across Maharashtra and adjacent states. The company's business model focuses on secured lending to reduce credit risk exposure, with collateral-backed loan products forming the core of its portfolio. Like many mid-sized NBFCs, Asel Financial Services competes in a crowded market against larger players including housing finance companies and microfinance institutions, carving out a niche through personalised service and local market knowledge. The company remains privately held with shares not listed on any recognised stock exchange, making it accessible primarily through the unlisted market for investors seeking exposure to the NBFC segment.

Key Milestones

Ahmedabad Stock Exchange Limited (ASE) founded in 1894 — one of India's oldest stock exchanges

Common questions about unlisted shares

How do I buy Asel Financial Services Limited unlisted shares here?
Raise an enquiry on any company with the quantity you want. Our desk sources the shares and comes back with a firm price and allocation. You accept the allocation, transfer the funds to the desk's published bank account, and once we verify payment the shares are transferred into your demat.
Who am I actually transacting with?
You transact with the desk, not with an anonymous counterparty. When you buy, you buy from the desk; when you sell, you sell to the desk. Shares always route through the desk's own demat account, so there's one accountable party for the whole trade.
How do I pay, and is there a payment gateway?

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