How to sell unlisted shares
The timeline is driven by demand for the specific company, not by us. We tell you what a share is actually worth before you commit to anything.
- Step 1
Confirm how you hold the shares
Shares held in demat form can be transferred as they are. Physical certificates must be dematerialised first — your depository participant handles this and it usually takes two to four weeks.
- Demat holdings: have your DP ID, Client ID and holding statement ready
- Physical certificates: start the dematerialisation before you agree a price
- ESOP holdings: check whether your shares have vested and whether any company lock-in applies
- Step 21–3 working days
Complete KYC with us
The same verification applies to sellers as to buyers. Your bank account has to be verified before we can release funds to it, and the name must match your PAN record.
- Step 3Immediate
Raise a sell enquiry
Tell us the company, the quantity and how you hold the shares. You get an enquiry ID immediately and the status is set to New.
- Step 42–7 working days
We find a buyer and confirm a price
How long this takes depends entirely on demand for the name. Widely followed pre-IPO companies clear quickly; thinly quoted names can take considerably longer, and sometimes there is no buyer at the price you want.
- We come back with a firm bid, not an estimate
- You are free to decline it — there is no obligation at any stage
- For large lots the price may be split across more than one buyer
- Step 51–2 working days
Transfer the shares
You submit a delivery instruction slip to your depository participant with the buyer's demat details. Some DPs accept this online; others still require a physical slip.
- Step 6Same or next working day
Receive the funds
Once the transfer is confirmed, funds are released to your registered bank account. Your account shows the transaction with its settlement date.