The excitement in the stock market isn’t limited to listed companies. The positive investor sentiment has also boosted the prices of unlisted shares, which are experiencing significant gains. Over the past six months, companies like Indian Potash, Waaree Energy, Tata Capital, Nayara Energy, and SBI Funds Management have seen their share prices more than double. For example, the stock price of NSE has surged by 69% to ₹5,900. 

Primex 40, an index tracking the top 40 unlisted companies, has delivered a 49% return in this period, compared to the 20% gain by the Nifty 500 Multicap 50:25:25 index.

Growing Popularity of Unlisted Shares

Investors are increasingly buying unlisted shares, anticipating that these companies will go public within the next 10-12 months. For instance, Waaree Energies filed for an IPO in December and aims to raise over ₹3,500 crore. Similarly, Tata Capital, a non-banking financial company and subsidiary of Tata Sons, is preparing for an IPO to comply with RBI regulations.

Stay Cautious

Unlisted shares are traded offline through select brokers and are typically bought by wealthy individuals, retail investors, and family offices. However, experts warn that the unlisted space can be risky. There have been cases where investors paid for shares but never received them. It’s crucial to buy shares from trusted brokers with a good track record.

Deepak Jasani, Head of Retail Research at HDFC Securities, advises investors to be cautious about valuations and not to overpay. The path to listing can be uncertain, with many potential challenges.

How Unlistify Can Help

For those interested in exploring opportunities in unlisted shares, Unlistify offers a reliable platform to invest safely. We connect investors with trusted brokers and provide detailed insights to help you make informed decisions. Whether you’re looking for high returns or aiming to invest in potential IPO candidates, Unlistify is your go-to partner in navigating the unlisted shares market.