What is DGP Securities Limited?

DGP Securities Limited is a Mumbai-based financial services company incorporated in 1937, making it one of India's oldest securities and investment management firms. Headquartered in Mumbai and operating in the securities and investment management sub-sector, the company trades in the unlisted market at approximately ₹1,000 per share.

When was DGP Securities Limited incorporated?

DGP Securities Limited was incorporated in 1937 under CIN U26900MH1937PLC002651. At 87+ years, it is among India's oldest surviving financial services entities, pre-dating Indian Independence.

Is DGP Securities Limited listed on any stock exchange?

No, DGP Securities Limited is currently classified as an unlisted company. Its shares trade in the Indian unlisted/OTC market at approximately ₹1,000 per share.

What business activities does DGP Securities conduct?

DGP Securities Limited operates in the securities and investment management sector. As a heritage financial services firm founded in 1937, the company's activities may include securities broking, portfolio management, proprietary investments, or holding and managing financial assets. Detailed current business activities are not confirmed in public records.

How do I buy DGP Securities 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 DGP Securities?

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 DGP Securities 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.

DGP Securities Unlisted Share Price | Buy DGP Securities 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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DGP Securities Unlisted Share Price | Buy DGP Securities Pre-IPO Shares — wisefolio | wisefolio

Investment Thesis

DGP Securities Limited is one of India's oldest securities and investment management companies, incorporated in 1937 in Mumbai — pre-dating Indian independence. With nearly nine decades of operation in India's financial capital, the company carries significant heritage value and potentially a legacy portfolio of financial assets. However, the near-total absence of publicly available financial data, the CIN sector code anomaly, and limited information about current management and business activities create substantial investment uncertainty. At ₹1,000 per share in the unlisted market, prospective investors must conduct thorough MCA due diligence and assess whether the company's legacy assets justify the valuation before considering any position.

Pros

ISIN INE965D01010 confirmed; incorporated May 22, 1937 — 87+ year-old Piramal family financial entity.
Piramal family promoters (Dilip Piramal Gopikisan) — part of one of India's most prominent and diversified business groups.
Gross sales ₹129.76 Cr in latest quarter — substantial financial activity for a private securities/holding company.
DGP House, Worli, Mumbai location — premium South Mumbai commercial address at the heart of India's financial markets.

Cons

Unlisted (U-prefix) — no secondary market; ISIN exists but shares not exchange-traded.
Authorized ₹17 Cr vs ₹2.5 Cr paid-up — significant gap; thin equity base for a company reporting ₹129 Cr quarterly revenue.
Financial and insurance services classification is broad — unclear whether securities trading, investment holding, or brokerage is primary activity.
As a Piramal family vehicle, minority shareholders have limited governance influence.

Business Segments

Securities & Financial Services

Financial and insurance services; securities trading, investment activities, and other financial intermediation — Piramal family holding entity.

Revenue Model

Investment income from dividends, interest on securities, and capital gains from securities trading; brokerage/commission from client transactions.

Detailed Analysis

Growth outlookExpansion plans, industry tailwinds & headwinds10

Growth Plans

India's capital market participation is growing rapidly with 12+ crore demat accounts, creating structural demand for investment management and securities services

Heritage firms may hold legacy financial asset portfolios with substantial unrealized value

Potential strategic value as an acquisition target for a modern financial services group seeking established Mumbai clientele and licenses

Industry Tailwinds

Recent Developments

Continued unlisted operations in Mumbai financial services sector

DGP Securities Limited continues to operate as an unlisted financial services entity in Mumbai. Its 87+ year heritage positions it as one of India's oldest surviving securities companies, though current operational scale and recent business developments are not confirmed in public sources.

Ongoing

Comparable Companies

CompanyTypeTickerMkt Cap

Centrum Capital LimitedListedUnlisted / BSE SME~₹500 Cr (estimated)

ICICI Securities LimitedListedISEC~₹20,000 Cr

Motilal Oswal Financial Services LimitedListedMOTILALOFS~₹35,000 Cr

Centrum Capital LimitedListed

Unlisted / BSE SME · ~₹500 Cr (estimated)

Frequently Asked Questions

DGP Securities Limited's CIN begins with U26900, which in India's National Industrial Classification corresponds to mining and quarrying activities. However, the company is classified as a financial services firm in the securities and investment management sub-sector. This discrepancy may reflect historical NIC code classification practices, a business evolution since incorporation, or a data registration anomaly. Investors should verify current business activities through MCA filings.

About DGP Securities

DGP Securities Limited is one of India's oldest registered companies, incorporated on 22 December 1937 — in the pre-independence era — and headquartered at DGP House, 88-C Old Prabhadevi Road, Worli, Mumbai. With nearly 88 years of operating history, DGP Securities is a financial services entity closely associated with the Piramal family of Mumbai — one of India's most prominent industrial and financial families. The company is engaged in securities trading, brokerage, investment management, and related financial services. Its income derives from dividends, brokerage/commission income, and gains from sale of shares and securities — indicating a portfolio-management and brokerage-centric business model. DGP Securities has a wholly owned subsidiary, DGP Capital Management Limited, extending its capital markets activities. The Piramal family connection is prominent in DGP Securities' board composition — directors include Dilip Piramal Gopikisan, Radhika Dilip Piramal, Shalini Dilip Piramal, and Aparna Piramal Raje. This family association with VIP Industries (Dilip Piramal was Chairman Emeritus) adds prestige and network access to the company's financial services business. DGP Securities reported trailing twelve-month revenues of approximately ₹12.98 crore with net profit of approximately ₹12 crore — an unusually high net profit margin (~92%) suggesting the business is primarily investment income-driven with minimal operating costs. The implied market capitalization is approximately ₹46.4 crore. For investors, DGP Securities offers exposure to a heritage financial services entity backed by the Piramal family, with a clean balance sheet, high-margin investment income, and strong governance from a well-known industrial family. However, the small revenue scale and limited public float mean this is a niche investment.

Key Milestones

Incorporated May 22, 1937 in Mumbai, Maharashtra (CIN: U26900MH1937PLC002651) — 87+ years old

Common questions about unlisted shares

How do I buy DGP Securities 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?

Risk factors & red flagsInvestment risks and items flagged from public filings10

Fraud / GovernanceLow

Very limited public information is available about DGP Securities' current business activities, financials, management, or strategy. This creates significant due diligence challenges for potential investors.

Source: Media Reports / Public Records

Fraud / GovernanceLow

India's securities broking industry has been fundamentally disrupted by technology-driven discount brokers like Zerodha, Groww, and Upstox which offer zero-commission equity investing. Legacy securities firms face structural pressure on traditional broking commission revenue.

Source: Media Reports / Public Records

Fraud / GovernanceLow

SEBI maintains stringent compliance requirements for all registered securities intermediaries. Any failure to maintain SEBI registration, meet capital adequacy norms, or comply with KYC/AML regulations could impact operating licenses.

Source: Media Reports / Public Records

Fraud / GovernanceLow

With a ₹1,000 unlisted share price and no publicly available financial statements, determining whether the current valuation reflects fair value is extremely difficult without access to MCA-filed balance sheets and income statements.

Source: Company Financial Filings

Regulatory / LegalLow

The apparent discrepancy between CIN sector code (U26900 — mining/quarrying) and current business classification (financial services) creates uncertainty about MCA record accuracy and may complicate regulatory filings.

Source: Regulatory Filings

Information & Transparency Risk

Technology Disruption Risk

Regulatory Risk

Valuation Opacity Risk

CIN Classification Anomaly Risk

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