Unlisted shares are shares of a company that are not yet listed on stock exchanges like the BSE or NSE. While there’s no formal definition of “Pre-IPO shares”, the term is often used interchangeably with unlisted shares.

Early Access: You can invest in top unlisted companies before it is available for the masses. You may also be able to invest in unlisted companies at a discount to its listed peers.
Diversification: Unlisted Shares are a good investment to have in your portfolio for diversification purposes. They are fairly uncorrelated to other asset classes like listed shares, mutual funds, bonds, fds, etc. and can provide higher returns as compared to them..
Uniqueness: You may be able to invest in unique industries which don’t have any representation in the listed space.

The minimum investment on our platform is just Rs. 10,000. As a special offer on certain occasions and for certain companies, the minimum investment quantity becomes 1 share.

Liquidity Risk: Since Unlisted Shares are not traded on an exchange, it is difficult to sell it on the exchange. We suggest that an investor should not invest in Unlisted Shares with a mindset of trading or selling it in a short period of time. One should be prepared to hold it for a few years at least or until the IPO of the share.
Lock-in of shares: There is a lock-in period of six months if you have the shares of a company that announces an IPO and is getting listed on the stock exchange. You cannot sell such shares for six months from the date of listing.
Market Risk: Unlisted Shares are also subject to market risks & price risks, similar to their listed counterparts.

If you sell the shares while they are unlisted: STCG (Short Term Capital Gains): Unlisted Shares held for less than 24 months are considered as short term and gains are taxed as per the investor’s tax slab for the year.
LTCG (Long Term Capital Gains): Unlisted Shares held for more than 24 months are considered as long term in nature and gains are taxed at 12.5% (no indexation available).
Securities Transaction Tax or STT are not applicable to transactions involving Unlisted Shares. It is only levied on transactions that are executed on recognized stock exchanges in India.
If you sell the shares once they are listed through an exchange, then STT will be applicable. Shares held over 1 year would be classified as long term and would be taxed at 12.5% without indexation.Lock-in of shares: There is a lock-in period of six months if you have the shares of a company that announces an IPO and is getting listed on the stock exchange. You cannot sell such shares for six months from the date of listing.
Market Risk: Unlisted Shares are also subject to market risks & price risks, similar to their listed counterparts.

Once you purchase the shares on our platform, shares would be delivered to the DEMAT account that you have shared with us on a T+3 basis.
Note: For some shares, delivery date may be different than T+3 basis. You can check the delivery date on the respective asset page and also in the Email & WhatsApp communication that you would receive from our side.
There are multiple places where you can check your stock:
– You can also check in the Demat holdings section of your Broking account.
– You can download the CDSL Myeasi app or NSDL Speede app where you can track all your demat holdings.
– The stock will show up once you login to your account on the InCred Money app/ website

Once you log in to our website or app, follow these steps to get detailed information about a stock:
Visit the page of the stock you’re interested in.
You will find fundamental details such as financials, shareholding patterns, strengths and weaknesses, business details, and valuation metrics.
Additionally, for some stocks, we provide research reports that offer more in-depth information about the company, including growth drivers, competition, and operational performance.
You can also download annual reports and credit rating reports for the companies directly from our website.

Pricing of Unlisted Shares is determined on the basis of demand and supply, and is determined by the various brokers who are operating in this market. If there is high demand for a stock due to this business performance or funding or IPO news, then its price goes up. Similarly if the fundamentals of a company deteriorate, the price of the share will go down. This is similar to how pricing happens in the listed space. However, one more factor to consider due to the unlisted nature of the share is that If there is a high demand for a stock without adequate supply, the prices might shoot up significantly without there being any significant change in the fundamentals of the company.

Determining when a company will opt for an IPO can be challenging. Sometimes, regulatory mandates, such as those from the RBI, require certain companies to get listed (e.g., HDB Finance and Tata Capital must be listed by September 2025). Otherwise, the decision to pursue an IPO depends on the company’s objectives, management, and shareholders, as well as market conditions. Typically, most IPOs occur when the company feel’s it has reached a stage of maturity or a size that makes sense for it to go public. However, it is also possible that a company may choose not to go public for a very long time.

Existing shareholders of the unlisted company can sell Unlisted Shares. These include Employees, Ex-employees, Promoters, Private Equity investors, and more.
The issuing company may or may not be involved. If the company is looking to raise funds and issue further paid-up capital, it can be involved, otherwise, the company is not involved.

Yes. All shares being sold are in the DEMAT form and will be credited to the DEMAT details shared with us during your KYC.The issuing company may or may not be involved. If the company is looking to raise funds and issue further paid-up capital, it can be involved, otherwise, the company is not involved.