What are Unlisted Shares?
If you have ever bought shares of a company on the NSE or BSE, those are listed shares. The company is registered on a stock exchange, and anyone with a demat account can buy or sell its shares during market hours.
Unlisted shares are the exact opposite.
These are shares of companies that are not listed on any stock exchange. There is no NSE ticker, no BSE scrip code, no live price on your trading app. Yet these shares exist — they are held in demat accounts, they represent real ownership, and they can be bought and sold.
Think of it this way A listed share is like a product on Amazon — publicly visible, instantly buyable, with a live price. An unlisted share is like buying from the company directly, before it opens its online store. The product is real, but the transaction happens privately. |
Real Examples of Unlisted Shares in India
You may have heard of many of these companies. Some are already household names. None of them are (or were) listed on NSE or BSE at the time their unlisted shares were actively traded:
Company | Why People Buy It Unlisted |