MarketplaceHoldings

Unlisted & Pre-IPO Equities

Tentative rates across our active inventory. Prices are indicative benchmarks — final transaction value is subject to volume negotiation, institutional availability and market fluctuations. For best rates, talk to an advisor.

Price List Updated12 May 2026
AOS
Industrial / Manufacturing

A One Steel

Steel manufacturer producing TMT bars and structural steel for construction and infrastructure projects.

Indicative Price₹ 225
Face Value₹ 10
Trading Lot25 Shares
View Details
BTS
Industrial / Manufacturing

Bootes Impex

Engineering and infrastructure solutions provider with capability across electrical, MEP and industrial automation.

Indicative Price₹ 785
Face Value₹ 10
Trading Lot10 Shares
View Details
IND
Industrial / Chemicals

Indofil Industries

Agrochemicals and specialty chemicals manufacturer, part of the K.K. Modi Group.

Indicative Price₹ 1,475
Face Value₹ 10
Trading Lot5 Shares
View Details
IPL
Industrial / Agri-Inputs

Indian Potash Ltd.

India's largest importer and supplier of potash (MOP) fertilizers, also distributing dairy and food products.

Indicative Price₹ 2,700
Face Value₹ 10
Trading Lot5 Shares
View Details
KIN
Industrial / Composites

Kineco

Advanced composites manufacturer serving aerospace, defense, mass transport and industrial applications.

Indicative Price₹ 3,320
Face Value₹ 10
Trading Lot5 Shares
View Details
PLM
Tech / Semiconductors

Polymatech

Semiconductor packaging and electronics manufacturing services company with operations in India.

Indicative Price₹ 53
Face Value₹ 10
Trading Lot100 Shares
View Details
STE
Power / Manufacturing

Sterlite Electric

Power transmission infrastructure, conductors and electrical engineering products.

Indicative Price₹ 450
Face Value₹ 10
Trading Lot25 Shares
View Details
APF
Consumer / Retail

Apollo Fashion

Indian apparel and fashion retail brand with national distribution.

Indicative Price₹ 46
Face Value₹ 10
Trading Lot200 Shares
View Details
BIRA
Consumer / Beverages

Bira 91

B9 Beverages — flagship craft-beer brand Bira 91, one of India's leading premium beer companies.

Indicative Price₹ 57
Face Value₹ 10
Trading Lot100 Shares
View Details
CHZ
Consumer / QSR

Cheelizza Pizza

Quick-service pizza chain expanding across Indian metros and tier-2 cities.

Indicative Price₹ 22
Face Value₹ 10
Trading Lot200 Shares
View Details
HDFC
Financial Services

HDFC Securities

HDFC Bank's full-service stock broking subsidiary, one of India's leading retail brokers.

Indicative Price₹ 8,600
Face Value₹ 10
Trading Lot5 Shares
View Details
HF
NBFC

Hero FinCorp

Hero Group NBFC offering two-wheeler, used-car, personal, business and LAP financing.

Indicative Price₹ 1,050
Face Value₹ 10
Trading Lot5 Shares
View Details
MOT
Financial Services

Motilal

Indian financial services entity accessible via the unlisted secondary market.

Indicative Price₹ 12.25
Face Value₹ 10
Trading Lot200 Shares
View Details
SBI
Asset Management

SBI Funds Management (SBI AMC)

India's largest mutual fund house, a JV between State Bank of India and Amundi managing assets across equity, debt and hybrid schemes.

Indicative Price₹ 745
Face Value₹ 1
Trading Lot10 Shares
View Details
IC
NBFC

Incred Holdings

Technology-led NBFC offering consumer, education, MSME and merchant lending alongside an institutional wealth and capital-markets arm.

Indicative Price₹ 144
Face Value₹ 10
Trading Lot25 Shares
View Details
MPC
Fintech

MoneyPal Cards

Credit card and consumer-fintech platform building underwritten card products for Indian consumers.

Indicative Price₹ 355
Face Value₹ 10
Trading Lot25 Shares
View Details
PYM
Fintech

PayMate

B2B digital payments and supply-chain finance platform serving enterprises and SMEs.

Indicative Price₹ 395
Face Value₹ 10
Trading Lot25 Shares
View Details
AGE
Renewable / Green Energy

Apollo Green Energy

Renewable energy EPC and project developer focused on solar, hybrid and clean-energy assets.

Indicative Price₹ 52
Face Value₹ 10
Trading Lot100 Shares
View Details
GFCL
Renewable / EV Materials

GFCL EV Products

Gujarat Fluorochemicals' EV business — battery chemicals and materials for lithium-ion cells.

Indicative Price₹ 39.5
Face Value₹ 10
Trading Lot200 Shares
View Details
GH2
Renewable / Green Energy

GH2 Solar

Solar EPC and green-hydrogen project developer with utility-scale installations.

Indicative Price₹ 253
Face Value₹ 10
Trading Lot25 Shares
View Details
GZO
Renewable / Green Energy

Greenzo Energy

Renewable energy company focused on solar power systems and green hydrogen.

Indicative Price₹ 555
Face Value₹ 10
Trading Lot10 Shares
View Details
ONX
Renewable / Green Energy

Onix Renewable

Solar EPC and renewable power solutions provider serving commercial and industrial clients.

Indicative Price₹ 53
Face Value₹ 10
Trading Lot100 Shares
View Details
API
Tech / Healthcare

API Holdings (PharmEasy)

Parent company of PharmEasy — India's largest online pharmacy and consumer healthcare platform.

Indicative Price₹ 5.10
Face Value₹ 1
Trading Lot1000 Shares
View Details
TKR
Tech / Fintech

Ticker

Financial markets data, screening and analytics platform for retail and active investors.

Indicative Price₹ 32
Face Value₹ 10
Trading Lot200 Shares
View Details
TRL
Tech / Telecom

Transline Technologies

Telecom infrastructure, network services and managed connectivity solutions provider.

Indicative Price₹ 145
Face Value₹ 10
Trading Lot25 Shares
View Details
VCR
Healthcare / CRO

Veeda Clinical Research

Independent contract research organisation conducting clinical trials, bioequivalence studies and regulatory services for global pharma.

Indicative Price₹ 440
Face Value₹ 10
Trading Lot25 Shares
View Details
CARE
Insurance

Care Health Insurance Ltd.

Standalone health insurer (formerly Religare Health Insurance) offering retail and group health, travel and personal accident cover.

Indicative Price₹ 115
Face Value₹ 10
Trading Lot25 Shares
View Details
ABN
Financial Services

Abans Holdings

Abans Group — financial services, bullion, commodities trading and broking platform.

Indicative Price₹ 1,500
Face Value₹ 10
Trading Lot5 Shares
View Details
ABS
Renewable / Engineering

Absolute Project Sustainable Industries

Sustainable engineering and infrastructure projects company focused on renewable and clean industrial assets.

Indicative Price₹ 71
Face Value₹ 10
Trading Lot100 Shares
View Details
ASK
Asset Management

ASK Investment Managers

Premium PMS and wealth management firm known for its high-quality, growth-style equity portfolios.

Indicative Price₹ 830
Face Value₹ 10
Trading Lot10 Shares
View Details
AVPL
Tech / Drones

AVPL International

Agri-drone services and rural drone-pilot training platform serving smallholder farmers.

Indicative Price₹ 45
Face Value₹ 10
Trading Lot200 Shares
View Details
BLSX
Tech / Fintech

BLSX

Digital broking and investing platform offering low-cost access to equities, derivatives and mutual funds.

Indicative Price₹ 28
Face Value₹ 10
Trading Lot200 Shares
View Details
BOAT
Consumer Electronics

boAt (Imagine Marketing)

India's largest audio and wearables brand by Imagine Marketing — earphones, headphones, speakers and smartwatches.

Indicative Price₹ 845
Face Value₹ 10
Trading Lot10 Shares
View Details
BVG
Services / Facility Management

BVG India

Integrated facility management and mechanised housekeeping services across government, industrial and retail segments.

Indicative Price₹ 465
Face Value₹ 10
Trading Lot25 Shares
View Details
CAR
Industrial / HVAC

Carrier Airconditioning & Refrigeration

HVAC products, refrigeration and climate-control solutions — Indian arm of the global Carrier group.

Indicative Price₹ 495
Face Value₹ 10
Trading Lot25 Shares
View Details
CIAL
Infrastructure / Aviation

Cochin International Airport Ltd. (CIAL)

India's first PPP-model international airport and a fully solar-powered operation, serving Kochi and the wider Kerala region.

Indicative Price₹ 435
Face Value₹ 10
Trading Lot25 Shares
View Details
CES
Energy / Power

Core Energy Systems

Power infrastructure and energy systems company building transmission and distribution assets.

Indicative Price₹ 17,600
Face Value₹ 10
Trading Lot1 Shares
View Details
CSK
Entertainment / Sports

Chennai Super Kings

Multi-time IPL champion franchise and the first sports unicorn in India. Listed in the unlisted market via the India Cements demerger.

Indicative Price₹ 265
Face Value₹ 0.10
Trading Lot25 Shares
View Details
DG
Industrial / Steel

Delta Galaxy

Steel tubes and pipes manufacturer serving construction, energy and engineering customers.

Indicative Price₹ 38
Face Value₹ 10
Trading Lot200 Shares
View Details
ESDS
Tech / Cloud

ESDS Software Solutions

Indian managed-cloud and data-centre operator serving BFSI, government and enterprise clients with sovereign cloud infrastructure.

Indicative Price₹ 428
Face Value₹ 10
Trading Lot25 Shares
View Details
FRL
Consumer / Home

Furlenco

Furniture rental and subscription platform offering curated home solutions across major Indian cities.

Indicative Price₹ 185
Face Value₹ 10
Trading Lot25 Shares
View Details
GLD
Defense / Manufacturing

Good Luck Defence

Defense-focused subsidiary of Good Luck India, manufacturing precision components, ammunition hardware and tactical equipment.

Indicative Price₹ 297
Face Value₹ 10
Trading Lot25 Shares
View Details
GYN
Healthcare / Pharma

Gynofem Healthcare

Women's healthcare and gynaecology-focused pharmaceutical company.

Indicative Price₹ 41
Face Value₹ 10
Trading Lot200 Shares
View Details
HM
Auto / Components

Hero Motors Company

Auto components and powertrain solutions manufacturer — part of the broader Hero group of companies.

Indicative Price₹ 300 (On Mandate)
Face Value₹ 10
Trading Lot25 Shares
View Details
HFG
Industrial / Forging

Hindon Forge

Industrial forging and precision steel components manufacturer for auto, energy and engineering OEMs.

Indicative Price₹ 730
Face Value₹ 10
Trading Lot10 Shares
View Details
HEI
Industrial / Diversified

Hindustan Engineering & Industries

Diversified engineering and sugar manufacturing company with operations across India.

Indicative Price₹ 1,290
Face Value₹ 10
Trading Lot5 Shares
View Details
HJA
Conglomerate

Hinduja Group Entity

Hinduja Group unlisted equity — diversified conglomerate spanning auto, BPO, banking, energy and media.

Indicative Price₹ 238
Face Value₹ 10
Trading Lot25 Shares
View Details
HPX
Energy / Exchange

Hindustan Power Exchange (HPX)

SEBI-licensed power exchange for short-term electricity trading and renewable energy certificates.

Indicative Price₹ 27
Face Value₹ 10
Trading Lot200 Shares
View Details
ICEX
Financial Services

Indian Commodity Exchange (ICEX)

SEBI-recognised commodities exchange focused on diamonds, agri and bullion derivatives.

Indicative Price₹ 2.25
Face Value₹ 1
Trading Lot1000 Shares
View Details
I8
Coworking / Real Estate

Innov8 Workspaces India Limited

Premium coworking and managed-office operator (part of the OYO group) catering to startups, enterprises and remote teams.

Indicative Price₹ 51
Face Value₹ 10
Trading Lot100 Shares
View Details
ICE
Renewable / Green Energy

Inox Clean Energy

Inox Group's renewable energy arm, focused on wind and clean-energy generation assets.

Indicative Price₹ 733
Face Value₹ 10
Trading Lot10 Shares
View Details
ILF
Financial Services

Inox Leasing & Finance

Inox Group's leasing and finance company — investment holding entity within the group structure.

Indicative Price₹ 15,500
Face Value₹ 10
Trading Lot1 Shares
View Details
INS
Renewable / Green Energy

Insolation Energy (Insolar)

Solar PV module manufacturer with capacity across mono-PERC and bifacial product lines.

Indicative Price₹ 161
Face Value₹ 10
Trading Lot25 Shares
View Details
IVA
Agriculture / Agri-Tech

Ivade Agro

Agribusiness and agri-tech company serving farmer ecosystems and produce-supply chains.

Indicative Price₹ 59
Face Value₹ 10
Trading Lot100 Shares
View Details
KIAL
Infrastructure / Aviation

Kannur International Airport (KIAL)

International greenfield airport in northern Kerala serving the Malabar region.

Indicative Price₹ 118
Face Value₹ 10
Trading Lot25 Shares
View Details
JUP
Industrial / Solar

Jupiter International

Solar PV module manufacturer and industrial group with operations in eastern India.

Indicative Price₹ 218
Face Value₹ 10
Trading Lot25 Shares
View Details
LAVA
Consumer Electronics

Lava International

Indian mobile device manufacturer producing smartphones and feature phones for domestic and export markets.

Indicative Price₹ 42
Face Value₹ 10
Trading Lot200 Shares
View Details
MHC
Healthcare

Marken Healthcare

Healthcare services and hospital chain operating across multiple Indian cities.

Indicative Price₹ 291
Face Value₹ 10
Trading Lot25 Shares
View Details
MJT
Industrial / Packaging

Manjushree Technopack

India's largest rigid plastic packaging player serving FMCG, pharma and personal-care customers.

Indicative Price₹ 930
Face Value₹ 10
Trading Lot10 Shares
View Details
MTX
Tech / Security

Matrix Comsec

Telecom, security and communication systems — biometric access, IP-PBX and video surveillance.

Indicative Price₹ 16
Face Value₹ 10
Trading Lot200 Shares
View Details
MM
Consumer / Beverages

Mohan Meakin

India's oldest brewery and distillery group — maker of Old Monk rum and an extensive spirits portfolio.

Indicative Price₹ 2,150
Face Value₹ 10
Trading Lot5 Shares
View Details
MSEI
Financial Services

Metropolitan Stock Exchange (MSEI)

SEBI-recognised stock exchange offering equity, derivatives, debt and currency segments — India's third national exchange.

Indicative Price₹ 5.7
Face Value₹ 1
Trading Lot1000 Shares
View Details
NAY
Energy / Oil & Gas

Nayara Energy

Integrated downstream oil company operating the Vadinar refinery and a nationwide retail fuel network.

Indicative Price₹ 1,090
Face Value₹ 10
Trading Lot5 Shares
View Details
NCL
Industrial / Construction

NCL Buildtech

Construction materials and pre-cast concrete products manufacturer.

Indicative Price₹ 155
Face Value₹ 10
Trading Lot25 Shares
View Details
NCDX
Financial Services

NCDEX

National Commodity & Derivatives Exchange — India's leading agri-commodity futures exchange.

Indicative Price₹ 368
Face Value₹ 10
Trading Lot25 Shares
View Details
NERL
Financial Services

National E-Repository Ltd. (NERL)

SEBI-regulated electronic repository for negotiable warehouse receipts — backbone of agri-commodity financing.

Indicative Price₹ 57
Face Value₹ 10
Trading Lot100 Shares
View Details
NSE
Financial Services

National Stock Exchange of India (NSE)

India's largest stock exchange by volume — operating a fully automated screen-based trading system and the country's most-traded derivatives benchmark.

Indicative Price₹ 2,000
Face Value₹ 1
Trading Lot100 Shares
View Details
ORB
Financial Services

Orbis Financial Corporation

SEBI-registered custodian and clearing services provider catering to FPIs, AIFs, PMS and other institutional clients.

Indicative Price₹ 390
Face Value₹ 10
Trading Lot25 Shares
View Details
OYO
Hospitality

Oravel Stays (OYO)

Global travel-tech platform offering budget-to-premium short-stay accommodation across hotels and homes in 35+ countries.

Indicative Price₹ 22.1
Face Value₹ 1
Trading Lot200 Shares
View Details
PPFA
Asset Management

Parag Parikh Financial Advisory Services

Sponsor of the PPFAS Mutual Fund, known for its value-investing philosophy and globally diversified flagship Flexi Cap Fund.

Indicative Price₹ 17,800
Face Value₹ 10
Trading Lot1 Shares
View Details
PHI
Consumer Electronics

Philips India

Philips India — consumer electronics, health technology and personal-care subsidiary of Royal Philips.

Indicative Price₹ 1,095
Face Value₹ 10
Trading Lot5 Shares
View Details
PRM
Industrial / Manufacturing

Prisma

Industrial manufacturing company with capacity across precision engineering products.

Indicative Price₹ 5,500
Face Value₹ 10
Trading Lot5 Shares
View Details
PXIL
Energy / Exchange

Power Exchange India Ltd. (PXIL)

SEBI-licensed power exchange operating day-ahead and term-ahead electricity contracts and REC trading.

Indicative Price₹ 525
Face Value₹ 10
Trading Lot10 Shares
View Details
RRP
Diversified

RRP Group

Diversified holdings entity within the RRP group of companies.

Indicative Price₹ 155
Face Value₹ 10
Trading Lot25 Shares
View Details
RRPE
Tech / Semiconductors

RRP Electronics

Electronics and semiconductor manufacturing services arm of the RRP group.

Indicative Price₹ 220
Face Value₹ 10
Trading Lot25 Shares
View Details
RCH
Healthcare

Royal Care Specialty Hospital

Multispeciality tertiary-care hospital chain serving Tamil Nadu and South India.

Indicative Price₹ 155
Face Value₹ 10
Trading Lot25 Shares
View Details
SIG
Industrial / Lighting

Signify Innovations India

Signify (formerly Philips Lighting) — global leader in LED lighting, connected systems and lighting services.

Indicative Price₹ 1,150
Face Value₹ 10
Trading Lot5 Shares
View Details
S91
Renewable / Green Energy

Solar91 Cleantech

Solar EPC company building utility-scale and rooftop solar plants across India.

Indicative Price₹ 435
Face Value₹ 10
Trading Lot25 Shares
View Details
SED
Industrial / Equipment

Spray Engineering Devices

Process equipment manufacturer focused on evaporators, dryers and energy-recovery systems for sugar and process industries.

Indicative Price₹ 185
Face Value₹ 10
Trading Lot25 Shares
View Details
SG
Power / Infrastructure

Sterlite Grid

Power transmission infrastructure developer building high-voltage grid assets across India.

Indicative Price₹ 335
Face Value₹ 10
Trading Lot25 Shares
View Details
SUN
Diversified

Sunday Prospect

Indian unlisted entity available through the secondary market.

Indicative Price₹ 9.15
Face Value₹ 1
Trading Lot1000 Shares
View Details
SDR
Renewable / Green Energy

Sundrop Energia

Renewable energy developer focused on solar, hybrid and storage-integrated power assets.

Indicative Price₹ 260
Face Value₹ 10
Trading Lot25 Shares
View Details
S3V
Healthcare / Medical Devices

S3V Vascular Technologies

Medical device company specialising in vascular access, cardiac and interventional products.

Indicative Price₹ 475
Face Value₹ 10
Trading Lot25 Shares
View Details
TRLK
Industrial / Refractories

TRL Krosaki Refractories

Refractory products manufacturer serving steel, cement, glass and non-ferrous metal industries.

Indicative Price₹ 1,850
Face Value₹ 10
Trading Lot5 Shares
View Details
UT
Consumer / Kids

Urban Tots

Consumer brand for children's furniture, toys and lifestyle products.

Indicative Price₹ 60
Face Value₹ 10
Trading Lot100 Shares
View Details
XTR
Tech / IT Services

Xtranet Technologies

Network and IT-services company providing managed connectivity, security and infrastructure to enterprises.

Indicative Price₹ 110
Face Value₹ 10
Trading Lot25 Shares
View Details
ZEP
Tech / Quick Commerce

Zepto

Quick-commerce platform delivering groceries and essentials within 10 minutes across major Indian cities.

Indicative Price₹ 43
Face Value₹ 10
Trading Lot200 Shares
View Details
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Unlisted Shares By Sector

Common Questions

Unlisted & Pre-IPO Shares — FAQs

Common questions about how unlisted equity is priced, transferred, taxed and held. General information only — not investment or tax advice.

What are unlisted shares?

Unlisted shares are equity shares of companies that are not listed on a recognised stock exchange such as the NSE or BSE. They are traded privately between buyers and sellers rather than through an exchange order book, which means pricing is negotiated rather than quoted live.

How do I buy unlisted or pre-IPO shares in India?

You need an active demat account. Once a price and quantity are agreed, the seller transfers the shares to your demat account via an off-market transfer using a Delivery Instruction Slip or its online equivalent, and you settle the consideration directly. Ethivest Fintech facilitates sourcing, price discovery and the transfer paperwork.

Are the prices shown on this page final?

No. Every price shown is an indicative benchmark as of the stated price-list date. Final transaction value depends on the quantity you transact, availability in the institutional market at that moment, and prevailing demand. Confirm the live rate before committing.

What is the minimum investment for unlisted shares?

It varies by company. Each listing on this page shows its own trading lot and minimum quantity — lots are typically sized so that the ticket value stays workable for retail participants, though high-priced scrips naturally carry larger minimums.

How are unlisted shares taxed in India?

Unlisted equity shares are treated as long-term capital assets when held for more than 24 months, and short-term below that. Long-term gains and short-term gains are taxed under different heads and rates, and the applicable rate has changed in recent Finance Acts. This is general information, not tax advice — confirm your position with a qualified chartered accountant or tax adviser before transacting.

Is there a lock-in if the company later lists through an IPO?

Yes. Under SEBI rules, shares acquired before an IPO are generally subject to a lock-in period after listing, during which they cannot be sold. The exact duration depends on the category of shareholder and the terms of the issue, so check the offer document for the specific company.

Do unlisted shares carry more risk than listed shares?

They carry a different risk profile. Liquidity is lower because there is no continuous exchange market, disclosure requirements are lighter than for listed companies, and valuation is negotiated rather than observed. There is no assurance that any company will list, or that an exit will be available at a particular price or time.

Is Ethivest Fintech SEBI registered?

Ethivest Fintech is an AMFI-registered Mutual Fund Distributor (ARN holder) and is SEBI UNREGISTERED. We facilitate transactions and provide education. We do not provide stock tips, portfolio recommendations or investment advisory services.