Companies that are not listed on an exchange but have issued shares to the secondary market to raise capital from market participants are listed in the Unlisted market to trade.
What is an Unlisted Market?
Broker through which you can deal with unlisted shares :
Steps to Buy Unlisted Shares
Call the broker and Get the list of companies available to buy form unlisted market.
Step 1
Steps to Buy Unlisted Shares
Decide the company you want to invest in.
Step 2
Steps to Buy Unlisted Shares
Make sure you already made an account with the depository ( CDSL/NSDL – depends on the broker you’re associated with ex. Zerodha, and Fyers all are associated with CDSL )
( Depository is the same as a bank that holds your actual shares in digital format. )
Step 3
Steps to Buy Unlisted Shares
Download a CMR copy of your demat account from your broker’s site(if available), or mail the broker’s support to send you CMR Copy.
Step 4
Steps to Buy Unlisted Shares
Send CMR copy to the above broker( UnlistedZone, or 3Adeal ) and tell them about the share you want to buy and the quantity requirement.
Step 5
Steps to Buy Unlisted Shares
Once all detail sent, the Broker issues a Deal Confirmation Letter(DCL), which is proof that the requirement to buy this share for you is already requested by the depository.
Step 6
Steps to Buy Unlisted Shares
Now, the broker will ask you to make a payment. They will provide bank details of their company, You have to make payment on that.
Step 7
Steps to Buy Unlisted Shares
Once payment is done, Share will be transferred to your account within 6-24hrs.