Guides to unlisted shares
How the instrument works, and what happens on this platform.
Summary
Unlisted shares are equity in companies that have not listed on a stock exchange. They are bought from existing shareholders and transferred off-market directly into a demat account. There is no exchange, so there is no market price and no standing bid — which means no timeframe for an exit can be promised. These guides describe the mechanics, the risks, and how capital gains on unlisted equity are treated.
What unlisted shares are
Shares in companies that have not listed, bought from existing holders and transferred off-market.
Read itHow buying works
What happens between placing an order and the shares reaching your demat account.
Read itTax on unlisted shares
How capital gains on unlisted equity are treated, and what this page does not do.
Stated as at the Finance (No. 2) Act 2024, as at September 2026.
Read itGrowIQ Capital provides financial data analytics, market information and educational content. We are not a SEBI-registered Investment Adviser or Research Analyst. Nothing on this platform constitutes investment advice or a recommendation to buy or sell any security. These guides describe how the instrument works. They are not advice about whether it is suitable for you, and nothing in them is a recommendation to buy or sell anything.