What does Equentis Wealth Advisory Services Limited do?

Equentis Wealth Advisory Services Limited, known by its brand 'Research & Ranking', is a SEBI-registered investment advisory firm based in Mumbai. It offers research-driven equity investment advice and wealth management services to retail investors in India, helping clients build long-term wealth through curated stock portfolios and model portfolios.

Who are the promoters of Equentis Wealth Advisory Services Limited?

Manish Goel is the founder and key promoter of Equentis Wealth Advisory Services Limited. He founded the company in 2015 with a vision to democratize quality equity research for retail investors in India.

What is the brand name of Equentis Wealth Advisory?

Equentis Wealth Advisory Services Limited operates under the brand name 'Research & Ranking' and its website is www.researchandranking.com. It is a SEBI-registered investment adviser (RIA) providing subscription-based equity advisory services.

Is Equentis Wealth Advisory planning an IPO?

There is no confirmed public announcement of an IPO from Equentis Wealth Advisory Services Limited as of the knowledge cutoff date. The company currently trades in the unlisted market at approximately Rs. 400 per share.

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 Equentis Wealth Advisory (Research & Ranking)?

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 Equentis Wealth Advisory (Research & Ranking) 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.

Equentis Wealth Advisory (Research & Ranking) Unlisted Share Price | Buy Equentis Wealth Advisory (Research & Ranking) 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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Equentis Wealth Advisory (Research & Ranking) Unlisted Share Price | Buy Equentis Wealth Advisory (Research & Ranking) Pre-IPO Shares — wisefolio | wisefolio

Investment Thesis

Equentis Wealth Advisory Services Limited, operating under its Research & Ranking brand, is a Mumbai-based SEBI-registered investment advisory firm founded in 2015. It serves retail investors through a subscription-based equity advisory model. With India's rapidly expanding demat account base and growing appetite for research-driven investing, the company operates in a structurally growing market, though it faces stiff competition and regulatory scrutiny. The unlisted share price of Rs. 400 reflects modest market interest.

Pros

Operates under the well-known 'Research & Ranking' brand, a SEBI-registered investment advisory platform in India with a retail investor client base
Incorporated in 2015 and has built a subscription-based wealth advisory business model with recurring revenue potential
Positioned in the fast-growing Indian retail investment advisory market, benefiting from increasing financial awareness and equity participation among Indian households

Cons

Unlisted company trading at Rs. 400 per share with limited liquidity for investors seeking an exit
Operates in a competitive wealth advisory segment where it competes against large established players like ICICI Securities, Motilal Oswal, and Zerodha
SEBI's tightening of regulations on investment advisory firms could increase compliance costs

Business Segments

Investment Advisory (Research & Ranking)

SEBI-registered subscription-based equity investment advisory platform offering curated stock recommendations and model portfolios to retail investors

Wealth Management Services

Long-term wealth creation strategies for individual and HNI investors using research-driven equity selection

Revenue Model

Equentis generates revenue primarily through subscription fees paid by retail investors and HNIs for access to its Research & Ranking equity advisory platform. Clients subscribe to model portfolio services and stock recommendation packages on a monthly or annual basis.

Detailed Analysis

Growth outlookExpansion plans, industry tailwinds & headwinds9

Growth Plans

India's retail investor base expanding rapidly — demat accounts crossed 150 million in 2024, creating a large addressable market for advisory services

Growing preference for research-backed, curated equity portfolios over passive or self-directed investing

Digital distribution of financial advisory services reducing customer acquisition costs

Industry Tailwinds

Recent Developments

Revenue Rs 73.5 crore — growing digital advisory subscriber base

Research & Ranking expands subscriber base amid strong retail equity market participation in India.

FY2024

SEBI RIA regulations evolving — Equentis well-positioned as compliant fee-based adviser

SEBI's push for transparent fee-based advisory benefits registered advisers over commission-based distributors.

Recent

Comparable Companies

CompanyTypeTickerMkt Cap

ICICI Securities LimitedPE: ~20xxListedISEC~25,000 Cr

Motilal Oswal Financial ServicesPE: ~25xxListedMOTILALOFS~40,000 Cr

5Paisa Capital LimitedListed5PAISA~2,000 Cr

ICICI Securities LimitedListed

Frequently Asked Questions

About Equentis Wealth Advisory (Research & Ranking)

Equentis Wealth Advisory Services Limited is a Mumbai-based SEBI-registered investment advisory company that operates under the well-known brand 'Research & Ranking'. Incorporated in 2015 (CIN: U74999MH2015PLC262812), the company provides equity investment research and wealth advisory services to retail and HNI investors across India. Research & Ranking has built a large digital advisory platform serving individual investors with fundamental research-driven stock selection. The company offers multi-year investment portfolios, typically structured around 3-5 year investment horizons with 15-20 stock focused portfolios. Its approach blends research analyst recommendations with systematic portfolio management for retail investors. The company reported revenues of approximately Rs 73.5 crore in FY2024, reflecting its growing subscriber base of advisory clients. As a SEBI-registered Investment Adviser (RIA), the company operates under a fee-based model rather than commission-based, aligning with SEBI's push for transparent advisory practices. India's wealth management market is experiencing strong growth, driven by increasing financialization of household savings, rising incomes, and growing equity market participation. Equentis is well-positioned in the digital advisory space, targeting the large underserved retail investor segment. The company's Research & Ranking brand has built significant recognition in India's online investor community. Shares are available through platforms like UnlistedZone.

Key Milestones

Incorporated in 2015 in Mumbai, Maharashtra as a Non-government Public Limited Company

Common questions about unlisted shares

How do I buy Equentis Wealth Advisory (Research & Ranking) 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?

Equentis Wealth Advisory Services Limited

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