1. Connect with a trustworthy dealer. I deal with Rurash Financials Pvt Ltd.
(contact details: 9321993770 / 9321044198 / 022 41571121)
2. Share your KYC documents – PAN, Cancelled Chq, Demat A/c Client Master List (CML) in PDF
3. Ask for a quote (like cost of shares of Chennai Super Kings)
4. Dealer quotes Rs. 70/-
5. Agree on a quote. Pay the amount by any electronic mode of transfer. Shares will be sent to your demat within 3 to 4 Hours.
How to analyse unlisted companies?
👉 Check company’s website for Annual Report, Dealer’s website for Research Report, Google search for news, etc.
Do different dealers quote different prices?
👉 Yes! Price varies
How to sell unlisted shares?
👉 Sell to a dealer who helps you find a buyer at the best price
What happens if IPO is announced?
👉 Can sell in the unlisted market before IPO closes. If you wish to hold, then Pre-IPO shares are locked in for 1 year from the date of listing.
If you had invested in CSB bank’s shares in May 2019 at Rs.150 and IPO was in Dec 2019 (IPO issue price 195, Listing price 300).
Famous unlisted companies:
- CSK
- TataTechnologies
- HDFCSecurities
- HDBFinancial
- MotilalOswalHomeFinance
- FinoPaytech
- PayTM
- Studds
- HeroFincorp
The post was originally written by Prof. Kevin Haria.