When was Prabhudas Lilladher Advisory Services incorporated?

The company was incorporated in 1991 under CIN U65990MH1991PTC060157 in Maharashtra.

Is Prabhudas Lilladher listed on any stock exchange?

No, Prabhudas Lilladher Advisory Services Private Limited is an unlisted private limited company. Its shares are traded only in the over-the-counter unlisted market.

What services does Prabhudas Lilladher offer?

The firm offers equity broking (retail and institutional), investment advisory, portfolio management services (PMS), equity research, investment banking, and distribution of mutual funds and insurance products.

Who are the promoters of Prabhudas Lilladher?

The company is promoted by the founding Prabhudas Lilladher family group and related holding entities including PL Capital Markets Private Limited.

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 PL Advisory Services (Prabhudas Lilladher)?

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 PL Advisory Services (Prabhudas Lilladher) 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.

PL Advisory Services (Prabhudas Lilladher) Unlisted Share Price | Buy PL Advisory Services (Prabhudas Lilladher) Pre-IPO Shares — wisefolio

Q: What is Prabhudas Lilladher Advisory Services Private Limited?

It is the advisory and broking arm of the Prabhudas Lilladher Group, providing equity broking, investment advisory, portfolio management, and institutional research services from Mumbai.

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

Talk to us

PL Advisory Services (Prabhudas Lilladher) Unlisted Share Price | Buy PL Advisory Services (Prabhudas Lilladher) Pre-IPO Shares — wisefolio | wisefolio

Investment Thesis

Prabhudas Lilladher Advisory Services is a financially sound, legacy full-service brokerage with a reputed brand, strong institutional research capabilities, and a growing HNI wealth management franchise. While competitive pressure from discount brokers poses a structural challenge to retail broking margins, the firm's diversified revenue base across PMS, institutional equities, and investment banking provides resilience. Medium-term outlook is cautiously positive driven by India's capital market deepening.

Pros

Part of the well-established Prabhudas Lilladher Group, one of India's oldest and most respected broking and financial services brands with roots going back to 1944
Full-service wealth and investment advisory platform offering equity broking, PMS, research, and institutional services
Strong institutional client base and a recognised equity research team covering a wide universe of Indian listed companies
Diversified revenue streams across retail broking, institutional equities, investment banking, and portfolio management services
Long track record of over three decades as a registered entity (incorporated 1991) with consistent regulatory compliance

Cons

Private limited structure limits liquidity and public price discovery for investors in the unlisted market
Intense competition from discount brokers (Zerodha, Groww, Upstox) compressing full-service broking margins
Revenue highly correlated with equity market volumes and sentiment — cyclical downturns directly impact top line
Smaller balance-sheet scale compared to listed peers such as Motilal Oswal Financial Services and IIFL

Business Segments

Retail Broking & Distribution

Equity, derivatives and currency broking for retail investors along with mutual fund and insurance distribution

Institutional Equities

Execution and research services for domestic and foreign institutional investors

Portfolio Management Services (PMS)

Discretionary and advisory PMS products for high-net-worth clients

Investment Banking & Advisory

Equity capital markets, M&A advisory, and corporate finance advisory services

Revenue Model

Brokerage commissions on equity and derivatives trades, asset management fees (PMS and advisory mandates), investment banking fees, and distribution commissions on third-party financial products.

Detailed Analysis

Growth outlookExpansion plans, industry tailwinds & headwinds12

Growth Plans

India's mutual fund SIP base crossing 90 million accounts and growing retail participation driving advisory demand

Rising HNI and UHNI wealth pools increasing demand for PMS and bespoke advisory

Potential capital market recovery boosting broking volumes and investment banking deal flow

Expansion into new product lines such as AIFs and structured products

Industry Tailwinds

Recent Developments

Expansion of PMS offerings

Prabhudas Lilladher expanded its PMS product suite with new thematic strategies targeting mid and small-cap segments amid rising HNI investor interest.

2024-01

Technology platform upgrade

The group upgraded its retail trading platform to improve user experience, analytics, and order execution speed for retail and HNI clients.

2023-09

Comparable Companies

CompanyTypeTickerMkt Cap

Motilal Oswal Financial ServicesListedMOTILALOFS~₹35,000 Cr

IIFL SecuritiesListedIIFLSEC~₹4,500 Cr

Anand Rathi WealthListedANANDRATHI~₹12,000 Cr

Motilal Oswal Financial ServicesListed

MOTILALOFS · ~₹35,000 Cr

Frequently Asked Questions

About PL Advisory Services (Prabhudas Lilladher)

Prabhudas Lilladher Advisory Services Private Limited (PL Advisory) is a wholly-owned subsidiary of Prabhudas Lilladher Private Limited (PL), one of India's most reputed full-service financial services houses. Incorporated on 7 February 1991 in Mumbai, the company carries the CIN U65990MH1991PTC060157 and is registered at 3rd Floor, Sadhana House, 570 P.B. Marg, Worli, Mumbai, Maharashtra — 400018. The Prabhudas Lilladher Group has a legacy spanning over five decades, having been founded in 1944. The group operates across institutional broking, retail broking, investment banking, wealth management, portfolio management services (PMS), and corporate advisory. PL Advisory specifically serves as the corporate and financial advisory arm of the group, providing services to companies seeking strategic counsel, fund raises, mergers and acquisitions support, and financial restructuring. The company is engaged in financial intermediation activities as classified under MCA's NIC codes. Its revenues primarily come from advisory fees, arrangement fees for capital raising mandates, and retainer-based engagements with corporate clients. For the financial year ending 31 March 2024, Prabhudas Lilladher Advisory Services Private Limited reported revenue of approximately Rs 21.8 crore. The broader Prabhudas Lilladher Group serves a client base spanning institutional investors, HNI clients, and corporate entities across India and abroad. The group is well-regarded for its equity research capabilities, with a team of experienced analysts covering over 300 companies across sectors. PL's institutional broking desk is a significant player in domestic and foreign institutional investor (FII) segments. In the unlisted space, shares of Prabhudas Lilladher group entities are actively traded on the secondary market as investors seek exposure to India's growing financial services sector ahead of potential future public offerings.

Key Milestones

1944 — Prabhudas Lilladher founded as a broking firm on Dalal Street, Mumbai

Common questions about unlisted shares

How do I buy PL Advisory Services (Prabhudas Lilladher) 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?

Prabhudas Lilladher Advisory Services Private Limited

How settlement works

Get price alerts for Prabhudas Lilladher Advisory Services Private Limited

Discuss PL Advisory Services (Prabhudas Lilladher)

Similar companies

Other ways to invest