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All unlisted shares

Tata Capital

NBFC · Face Value ₹10 · Parent: Tata Sons
995
median · 3 dealers · 2026-04-25
DRHP Filed with SEBIExpected listing: 2026 (listed)Liquidity: medium

Price Index — multi-dealer

Median bid
975
Median ask
1015
Spread
4.0%
Dealer range
6.0%

Dealer-by-dealer quotes

DealerBidAskMid
UnlistedZone9601010985
Stockify9751015995
InCred Money98510201002.5

We aggregate quotes from major Indian unlisted-shares dealers and publish the median. The spread between bid and ask reflects dealer margin; the dealer-range tells you how far quotes vary across the market.

About

Tata's NBFC arm. Recently filed DRHP — listed via mainboard IPO 2026.

How to buy unlisted shares

  1. 1
    Open an account with an unlisted shares dealer. KYC required.
  2. 2
    Compare the median above against the dealer's quote. If they're quoting more than 5% above median, push back or look elsewhere.
  3. 3
    Pay the dealer; shares are credited to your existing demat in T+5 to T+10 days.
  4. 4
    Lock-in: most unlisted shares have a 6-month lock-in post-IPO listing (SEBI rule). Plan accordingly.

Risks: Unlisted shares are illiquid. The IPO may be delayed, downsized, or cancelled. Listing price often disappoints relative to grey-market expectations (see our GMP Accuracy Scorecard). Capital gains tax applies on listing. Settlement is dealer-dependent — there's no regulator if a dealer defaults.