1. NSE IPO Nearing Final Approval
The long-awaited public listing of the National Stock Exchange (NSE) took a big step forward in January. The market regulator has reached an “in-principle” clearance stage on the settlement of a long-running regulatory issue, paving the way for the prestigious exchange’s IPO. Once SEBI grants the formal No Objection Certificate (NOC) — expected possibly within the month — NSE’s draft prospectus filing could follow soon, bringing India closer to one of its largest IPOs ever.
2. Infra.Market Gets SEBI Nod for ₹5,000 Crore IPO
Infra.Market, a leading online marketplace for construction materials and infrastructure services, received SEBI’s approval to launch its ₹5,000 crore IPO. This signals strong investor confidence in B2B infrastructure platforms and marks one of the larger primary market issuances ahead. The raised funds will help expand operations, technology, and market reach as the company scales.
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3. PhonePe Refiles IPO; Walmart, Microsoft & Tiger Global Exit Stakes
Fintech giant PhonePe refiled its IPO ( approx ₹11,000–12,000 crore ) application with SEBI, moving closer to its public listing. In the upcoming offer, major early investors — including Walmart, Microsoft, and Tiger Global — plan to reduce their holdings, with Walmart potentially cutting 9% and the others exiting fully. This reshuffle is a key step in setting up the company for a market debut and institutional rebalancing.
4. Shadowfax Technologies Lists at 9% Discount
Shares of Shadowfax Technologies made their stock market debut but listed at a 9% discount to their IPO issue price, opening lower on both NSE and BSE. The weak listing reflects cautious investor demand and highlights that not all IPOs translate into strong listing gains. It also underlines the importance of fundamentals over hype in public markets.
5. SEBI Emphasizes Regulation of Unlisted Trading
SEBI reiterated strong warnings about trading unlisted company securities on unauthorised electronic platforms, stating that such trading violates market regulations and offers no investor protection. Only recognized stock exchanges are legally permitted to handle fundraising and share trading. SEBI stressed that transacting on unrated platforms could forfeit investor recourse and grievance redressal rights.
6. NSE Unlisted Shares Surge as IPO Buzz Grows
Meanwhile, unlisted shares of NSE remained in high demand in January. Renewed optimism around the exchange’s IPO and increasing participation from private investors helped drive unlisted share prices and interest levels. Analysts see this as a product of both upcoming listing expectations and structural confidence in India’s financial markets.
7. Retail Investor Caution on Unlisted Share Risks
Despite ongoing opportunity, many retail investors are warned about the risks tied to unlisted share investing. Market commentary highlights that IPOs frequently price below prior unlisted transaction levels, leading to losses for unlisted holders. This cautionary trend has been seen in several firms where IPO pricing did not match earlier unlisted valuations, teaching investors to focus on fundamentals.
8. Hot & Trending Unlisted Shares in January
In the unlisted markets, certain names continued to trend among investors:
• NSE unlisted shares
• Metropolitan Stock Exchange of India (MSEI)
• Hella Infra
• HDFC Securities unlisted shares
• OYO unlisted shares
These names have seen increased queries among pre-IPO investors and brokers alike, reflecting broader interest in growth opportunities before public listing.
9. Broader Market Context: Household Equity Shareholding Trends
Beyond specific IPOs, the broader market is seeing shifts in equity participation. Latest reports show Indian households hold about 18.75% of listed equities worth ₹84 lakh crore, with many preferring mutual funds as part of their investment strategy. This highlights evolving investor behaviour in both listed and unlisted wealth channels.
What This Means for You
January’s developments highlighted the dynamic interplay between unlisted markets, IPO readiness, and regulatory reforms. While long-awaited listings like NSE and PhonePe inch closer, companies like Infra.Market seize opportunities to raise capital through SEBI-approved offerings. Investors should balance enthusiasm for pre-IPO gains with careful evaluation of fundamentals, potential lock-ins, and regulatory safeguards.
If you’re looking to buy or sell unlisted shares, access transparent pricing, or explore pre-IPO opportunities, Unlistify is here to help with market insights and secure execution.
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