What does Crescent Finstock Limited do?

Crescent Finstock Limited is a stockbroking and investment services company based in Vapi, Gujarat. The company provides equity broking, investment advisory, and financial intermediation services to retail and institutional clients in the South Gujarat region.

Where is Vapi located and why is it significant for financial services?

Vapi is a major industrial town in South Gujarat's Valsad district, home to one of India's largest GIDC (Gujarat Industrial Development Corporation) chemical and pharmaceutical industrial estates. The Surat-Vapi-Daman industrial belt has a large and affluent business community that represents a natural client base for investment and broking services.

When was Crescent Finstock Limited incorporated?

The company was incorporated in 1997 in Gujarat, as reflected in its CIN (L51100GJ1997PLC032464).

Is Crescent Finstock Limited listed on a stock exchange?

No, the company is unlisted. Shares trade informally in the unlisted market at approximately ₹45 per share.

Is Crescent Finstock Limited a SEBI-registered broker?

As a stockbroking company operating in India's capital markets, the company would require SEBI registration as a stock broker and membership of BSE/NSE. Investors should verify the company's current SEBI registration and exchange membership status before transacting.

How do I buy Crescent Finstock 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 Crescent Finstock?

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 Crescent Finstock 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.

Crescent Finstock Unlisted Share Price | Buy Crescent Finstock Pre-IPO Shares — wisefolio

Investment Thesis

Crescent Finstock Limited is a 25-year-old Vapi-based stockbroking company serving South Gujarat's affluent industrial community. While India's long-term capital market growth story is compelling, the company faces intense structural disruption from discount brokers and increasing SEBI regulatory requirements. The unlisted share price of ₹45 and limited public presence suggest modest operational scale. The company's primary value proposition lies in its local relationships and advisory capability for Vapi's business owners — a moat that technology-driven national brokers find difficult to replicate. Investors should verify SEBI registration, exchange membership status, and recent financial performance before any investment consideration.

Pros

ISIN INE147E01013 confirmed; listed (L-prefix CIN, MSEI: CRES); market cap ₹35.27 Cr — exchange-regulated financial services company.
Authorized ₹8 Cr; paid-up ₹7.84 Cr — well-subscribed capital; Vapi, Gujarat GIDC location.
Gujarat GIDC location — access to Gujarat's large industrial MSME ecosystem for financial services.

Cons

Revenue declined 69.53% in FY23 — severe top-line contraction; profitability declined 188.27% (loss-making).
MSEI listing has near-zero secondary market liquidity; limited institutional investor access.
Vapi, Gujarat is an industrial hub but not a financial center — constrains NBFC/financial services growth potential.
No revenue figures confirmed; significant FY23 decline signals business model stress.

Business Segments

Financial Services

Financial services activities (NIC: L51100); stock/financial intermediation in Gujarat.

Revenue Model

Crescent Finstock Limited generates revenue through brokerage commissions on equity and derivative trades executed on behalf of clients, advisory fees for investment management services, and distribution commissions from mutual fund and insurance product distribution. Revenue is highly correlated with equity market volumes and the number of active trading clients. In the current environment, the shift to discount brokers has compressed traditional brokerage commissions, placing pressure on full-service brokers to derive more revenue from advisory and distribution.

Detailed Analysis

Growth outlookExpansion plans, industry tailwinds & headwinds12

Growth Plans

India's demat account growth and rising equity market participation expanding the potential client base

Vapi and South Gujarat's wealthy industrial community representing a high-value target market for personalised investment advisory

Growing mutual fund distribution opportunity as Indian savers increase SIP investments

Potential acquisition or partnership interest from larger broking or wealth management firms seeking regional presence

Recent Developments

India demat accounts cross 15 crore

India's demat account count crossed 15 crore in 2024, reflecting unprecedented retail investor participation in capital markets. This structural shift benefits all stockbroking businesses with active client bases, though discount brokers have captured the majority of new account growth.

2024-06

SEBI broking regulation tightening

SEBI implemented stricter norms for stockbrokers in 2024, including mandatory risk-based supervision, enhanced client fund segregation requirements, and tighter F&O margin rules. Small regional brokers face compliance cost pressures from these evolving frameworks.

2024-01

Discount broker disruption in Indian broking

Zerodha, Groww, and Angel One have collectively captured 70%+ of India's active demat accounts, fundamentally disrupting traditional full-service regional stockbrokers. Smaller brokers are increasingly pivoting to advisory, wealth management, and distribution to defend revenue pools.

Comparable Companies

CompanyTypeTickerMkt Cap

Zerodha (Private)ListedUnlisted~50,000 Cr (estimated)

Angel OneListedANGELONE~15,000 Cr

Geojit Financial ServicesListedGEOJITFSL~2,500 Cr

Choice InternationalListedCHOICEIN~3,000 Cr

Frequently Asked Questions

About Crescent Finstock

Crescent Finstock Limited is a Vapi, Gujarat-based financial services company incorporated on 5 June 1997. The company is classified under NIC code 51100 (wholesale trade) with a focus on stockbroking and investment services — 'Finstock' in its name suggests financial services and stock market operations. Its registered address is A/12, Sneh Kunj CHS, Koparli Road, Near Ambaji Mandir, GIDC, Vapi, Valsad, Gujarat. Vapi is an industrial township in Valsad district of Gujarat, known primarily for its chemical and industrial manufacturing clusters. Crescent Finstock is a small financial services entity with an authorised capital of ₹8 crore and paid-up capital of ₹7.84 crore. The company's trading revenue has been reported as ₹0 (TTM), indicating that the company is currently dormant or has minimal activity. The company last held its AGM on 29 September 2023, confirming its active MCA status. Despite the company name suggesting stockbroking activities, there is no public information on active brokerage or investment operations. Companies like Crescent Finstock are common in Gujarat's GIDC industrial zones — often incorporated for specific financial purposes that may have limited or winding down activity. Gujarat's financial services sector has grown significantly, but small stockbroking and financial intermediary firms face increasing pressure from technology-driven platforms like Zerodha and Groww. Crescent Finstock represents a micro-cap financial services entity with limited visible activity and no disclosed revenues in recent years.

Key Milestones

Incorporated December 5, 1997 in Gujarat (CIN: L51100GJ1997PLC032464)

Common questions about unlisted shares

How do I buy Crescent Finstock 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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