We use cookies for analytics and ads to improve your experience. You can accept or decline. See our Privacy Policy.
Unlisted shares are illiquid and carry higher risk than listed securities. Prices are indicative, not live. Read the risk disclosure.
Plain-language, evergreen guides to how unlisted and pre-IPO shares work in India — how you buy and sell them through the desk, how pricing and transfers work, the tax basics, and the risks you need to understand first. Educational only, never investment advice.
Unlisted shares are equity in companies that are not traded on a stock exchange — what they are, how they differ from listed stock, and why they behave so differently.
Last reviewed 5 Jul 2026
wisefolio's unlisted desk is a principal counterparty: you buy from the desk and sell to the desk, with money-in before shares-out. Here is the process end to end.
Last reviewed 5 Jul 2026
Unlisted shares settle off-market, demat account to demat account. What KYC you need, how the transfer moves, and the restrictions that can delay or block it.
Last reviewed 5 Jul 2026
There is no live price for an unlisted share. What an indicative price really means, why it is often stale, and why a firm bid can sit below the last-traded number you saw.
Last reviewed 5 Jul 2026
Unlisted shares carry materially higher risk than listed securities: illiquidity, indicative pricing, lock-ins, settlement risk, and no exchange or investor-protection cover.
Last reviewed 5 Jul 2026
Every pre-IPO share is unlisted, but most unlisted shares are not pre-IPO. What the terms actually mean, and why an expected listing is never a certainty.
Last reviewed 5 Jul 2026
These guides are general educational information about unlisted shares — not investment, legal, or tax advice. Unlisted shares are illiquid and high-risk. Read the full risk disclosure and how the desk operates before you invest.