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🔒 PRE-IPO INTELLIGENCE

Unlisted & Pre-IPO Shares Price Tracker

Indicative OTC market prices for 25+ companies before they go public. Track DRHP status, expected IPO dates and company financials.

25+

Companies Tracked

15

With IPO Pipeline

6

DRHP Filed

Daily

Updated

Disclaimer: Prices shown are indicative OTC (over-the-counter) market rates sourced from unlisted share dealers. These are NOT official exchange prices. Investing in unlisted shares carries significant risk including illiquidity. This is for informational purposes only — not investment advice.

Showing 25 companies

BOAT

boAt (Imagine Marketing)

Technology & IT

853

0.0%

DRHP FiledQ2-Q3 2026
52W: ₹720950
Est. valuation:₹12,000 Cr

Min: 5 shares = ₹4,265

View details →
PHONEPE

PhonePe

Banking & Finance

Price N/A

DRHP FiledH2 2026
Est. valuation:₹1,25,000 Cr
View details →
GARUDA

Garuda Aerospace

Manufacturing

468

3.5%

DRHP FiledLate 2026
52W: ₹380520
Est. valuation:₹4,500 Cr

Min: 10 shares = ₹4,680

View details →IPO Live →
MILKYMIST

Milky Mist Dairy Food

Consumer & Retail

Price N/A

DRHP FiledQ3 2026
Est. valuation:₹10,000 Cr
View details →
SBIMF

SBI Funds Management

Banking & Finance

768

0.9%

DRHP FiledQ3 2026
52W: ₹620850
Est. valuation:₹80,000 Cr

Min: 25 shares = ₹19,200

View details →
TATACAP

Tata Capital

Banking & Finance

Price N/A

DRHP FiledQ3 2026
Est. valuation:₹1,20,000 Cr
View details →
OYO

OYO (Oravel Stays)

Consumer & Retail

24

0.0%

Confidential DRHPH2 2026
52W: ₹1835
Est. valuation:₹55,000 Cr

Min: 500 shares = ₹12,000

View details →
ZEPTO

Zepto (Kiranakart Technologies)

Technology & IT

42

14.3%

Confidential DRHPH2 2026
52W: ₹3862
Est. valuation:₹50,000 Cr

Min: 100 shares = ₹4,200

View details →IPO Live →
FLIPKART

Flipkart

Technology & IT

Price N/A

IPO ExpectedH2 2026 - 2027
Est. valuation:₹3,00,000 Cr
View details →
NSE

National Stock Exchange (NSE)

Banking & Finance

1,999

0.5%

IPO ExpectedTBD
52W: ₹1,6502,100
Est. valuation:₹4,00,000 Cr

Min: 25 shares = ₹49,975

View details →
JIO

Reliance Jio Infocomm

Technology & IT

Price N/A

IPO ExpectedH2 2026
Est. valuation:₹3,50,000 Cr+
View details →
APOLLOGREEN

Apollo Green Energy

Power & Energy

56

3.4%

IPO Expected2026-27
52W: ₹4275

Min: 50 shares = ₹2,800

View details →
ESDS

ESDS Software Solution

Technology & IT

485

8.3%

IPO Expected2026-27
52W: ₹350520

Min: 25 shares = ₹12,125

View details →
INOXCE

Inox Clean Energy

Power & Energy

725

0.0%

IPO Expected2026-27
52W: ₹590800

Min: 10 shares = ₹7,250

View details →
LAVA

Lava International

Technology & IT

52

0.0%

IPO Expected2026-27
52W: ₹4575

Min: 100 shares = ₹5,200

View details →
CSK

Chennai Super Kings Cricket (CSK)

Media & Entertainment

254

3.8%

No IPO DateTBD
52W: ₹195320

Min: 10 shares = ₹2,540

View details →
ASKAM

ASK Investment Managers

Banking & Finance

895

3.2%

No IPO Date
52W: ₹7801,050

Min: 5 shares = ₹4,475

View details →
CIAL

Cochin International Airport (CIAL)

Infrastructure & Construction

444

1.4%

No IPO Date
52W: ₹380490

Min: 10 shares = ₹4,440

View details →
INDIACARBON

India Carbon Limited

Manufacturing

895

0.0%

No IPO Date
52W: ₹780950

Min: 10 shares = ₹8,950

View details →
IPL

Indian Potash Limited

Agriculture

2,750

3.5%

No IPO Date
52W: ₹2,4003,200

Min: 5 shares = ₹13,750

View details →
MOAMC

Motilal Oswal AMC

Banking & Finance

12.25

5.4%

No IPO Date
52W: ₹1018

Min: 200 shares = ₹2,450

View details →
MSEI

MSEI (Metropolitan Stock Exchange)

Banking & Finance

6.35

1.6%

No IPO Date
52W: ₹5.89.5

Min: 500 shares = ₹3,175

View details →
NCDEX

NCDEX (National Commodity Exchange)

Banking & Finance

364

5.2%

No IPO Date
52W: ₹290420

Min: 25 shares = ₹9,100

View details →
PHARMEASY

PharmEasy (API Holdings)

Healthcare & Pharma

6.25

0.0%

No IPO DateTBD
52W: ₹4.512
Last valued:$750M (down from $5.6B)

Min: 1000 shares = ₹6,250

View details →
SIGNIFY

Signify Innovations (Philips Lighting)

Manufacturing

1,250

0.0%

No IPO Date
52W: ₹1,0501,380

Min: 3 shares = ₹3,750

View details →

🚀 IPO Pipeline — Companies with Active DRHP

Companies that have filed Draft Red Herring Prospectus (DRHP) with SEBI and are expected to list soon.

CompanyStatusExpected IPOEst. ValuationUnlisted PriceDRHP
boAt (Imagine Marketing)

Technology & IT

DRHP FiledQ2-Q3 2026₹12,000 Cr₹853
PhonePe

Banking & Finance

DRHP FiledH2 2026₹1,25,000 CrView PDF →
OYO (Oravel Stays)

Consumer & Retail

Confidential DRHPH2 2026₹55,000 Cr₹24
Zepto (Kiranakart Technologies)

Technology & IT

Confidential DRHPH2 2026₹50,000 Cr₹42
Garuda Aerospace

Manufacturing

DRHP FiledLate 2026₹4,500 Cr₹468
Milky Mist Dairy Food

Consumer & Retail

DRHP FiledQ3 2026₹10,000 Cr
SBI Funds Management

Banking & Finance

DRHP FiledQ3 2026₹80,000 Cr₹768View PDF →
Tata Capital

Banking & Finance

DRHP FiledQ3 2026₹1,20,000 Cr

What are Unlisted Shares?

Unlisted shares are equity shares of companies not yet traded on NSE or BSE. They trade in an over-the-counter (OTC) market between dealers and investors. In India, popular unlisted shares include NSE itself, Chennai Super Kings (CSK), Indian Potash, and pre-IPO startups like Zepto and OYO.

Pre-IPO vs Unlisted Shares

Unlisted Shares

The broader category — any share not traded on a public exchange. Includes companies with no IPO plans.

Pre-IPO Shares

A subset — unlisted shares of companies that have filed (or are expected to file) for an IPO soon. Investors hold for listing gains after the 6-12 month lock-in.

How are Unlisted Share Prices Determined?

Unlisted share prices are driven by demand-supply dynamics in the OTC market. Dealers maintain buy and sell quotes (similar to a bid-ask spread). Prices move based on:

Company performance
IPO news & DRHP filings
Comparable listed peers
Funding rounds
Promoter activity
Broader market sentiment

⚠️ Since there is no central exchange, prices can vary between dealers by 2-5%.

⚠️ Risks of Investing in Unlisted Shares

!
Illiquidity: Selling may take days or weeks vs. seconds on the exchange.
!
Price opacity: No real-time, exchange-verified pricing — quotes vary by dealer.
!
Limited disclosure: Financial data is less transparent than for listed companies.
!
Lock-in after listing: Pre-IPO shares carry a 6-12 month lock-in once the company lists.
!
No SEBI trading protection: OTC transactions are not protected by SEBI investor protection rules.

How to Buy Unlisted Shares in India

1

Complete KYC

Register and complete KYC with a SEBI-registered unlisted shares platform (UnlistedZone, Altius Investech, Precize).

2

Choose company & quantity

Select the company and quantity (subject to minimum lot size set by the dealer).

3

Transfer payment

Pay via NEFT/RTGS to the platform's registered bank account.

4

Receive shares in demat

Shares are transferred to your demat account via off-market transfer (CDSL/NSDL). Takes 1-3 days.

5

Hold or sell

Hold in your demat and sell back via the platform, or wait for the IPO listing.

Frequently Asked Questions

What are unlisted shares?

Unlisted shares are equity shares of companies not traded on NSE or BSE. They are bought and sold over-the-counter through dealers or platforms. Companies like NSE, Zepto, and CSK have unlisted shares that trade at prices reflecting their estimated private market value.

How are unlisted share prices determined?

Unlisted share prices are determined by supply and demand between OTC dealers and investors. There is no central exchange — prices are negotiated. Published prices on platforms like UnlistedZone or SharesCart are indicative dealer quotes, not official exchange prices.

Are unlisted shares safe to invest in?

Unlisted shares carry higher risk than listed shares. Key risks include: low liquidity (hard to sell quickly), limited financial disclosure, no SEBI trading protection, and price opacity. Only invest amounts you can afford to hold long-term.

What happens to unlisted shares when the company does an IPO?

When a company lists via IPO, your unlisted shares become listed shares. They are subject to a 6-month lock-in period (1 year for pre-IPO investors). After the lock-in, you can sell freely on the exchange. Listing gains can be significant if the IPO is oversubscribed.

What is the minimum investment in unlisted shares?

Minimum investment varies by company. Some like PharmEasy require 1,000 shares (₹6,250), while NSE requires minimum 25 shares (₹50,000). Most dealers set minimums to ensure ticket sizes of ₹10,000-50,000 per transaction.

How do I buy unlisted shares in India?

You can buy unlisted shares through SEBI-registered intermediaries and platforms like UnlistedZone, Altius Investech, SharesCart, or Precize. The process involves KYC verification, payment transfer, and off-market share transfer to your demat account via CDSL/NSDL.

Is NSE unlisted share a good investment?

NSE's IPO has been anticipated for years. At ₹1,999 per share, the implied valuation is ~₹4 lakh crore. NSE is highly profitable (₹8,305 Cr PAT in FY25) but the IPO timeline remains unclear due to regulatory requirements. This is informational only — not investment advice.