Invest in tomorrow's listed companies today. Unlisted and Pre-IPO shares give you access to high-growth businesses before they reach the stock exchange — at valuations that are typically a fraction of what the market prices them at post-listing.
The unlisted market offers multiple routes to invest in companies before they go public. Each has its own risk-return profile, entry point, and time horizon — we help you navigate all of them.
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Entry: Pre-IPO Stage
Pre-IPO Shares
Shares of companies that have filed or are expected to file their DRHP (Draft Red Herring Prospectus) with SEBI. You invest before the IPO opens — often at a significant discount to the expected listing price.
Timeline to Liquidity6 – 24 Months
Typical Discount to IPO15 – 40%
Listing RouteBSE / NSE IPO
Min. Investment₹1 Lakh+
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Entry: Secondary Market
Unlisted Equity
Shares of established, profitable private companies that are not yet listed on any exchange. These include subsidiaries of listed groups, established NBFCs, and large private businesses with strong fundamentals and a clear listing roadmap.
Company StageEstablished / Profitable
Holding Period1 – 4 Years
Exit RoutesIPO / Buyback / M&A
Min. Investment₹50,000+
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Entry: ESOP Secondary
ESOP Buyouts
Employee stock option plans of high-value private companies — bought from employees who want to liquidate before an IPO or exit event. ESOP buyouts often offer the best entry price of any unlisted share category as sellers are motivated to liquidate.
Seller MotivationHigh (employee liquidity)
Typical DiscountBest-in-class entry
DocumentationHandled end-to-end
Min. Investment₹2 Lakhs+
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Entry: Growth / Late Stage
Growth Stage & Startups
Late-stage, revenue-generating startups and growth companies that have raised institutional venture or private equity rounds but are 2–4 years from public listing. High-risk, potentially high-reward investments for investors with a longer horizon and higher risk appetite.
StageSeries B/C/D and beyond
Holding Period2 – 5 Years
Risk ProfileHigh Risk / High Reward
Min. Investment₹5 Lakhs+
Why Invest
The Case for Pre-IPO Investing
The biggest wealth creation stories in Indian markets have one thing in common — early investors captured the most value. Unlisted and Pre-IPO investing is how HNIs get into high-growth companies before the crowd.
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Invest Before the Crowd
By the time a company IPOs, institutional investors and anchor allottees have already entered. Pre-IPO investors get in earlier — at lower valuations — and benefit from the full price discovery journey from private to public markets.
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Significant Listing Gains Potential
When a company lists and its IPO price is 2x–5x what you paid as a Pre-IPO investor, the gains are extraordinary. Several Amyra clients have seen pre-IPO positions multiply many times over on the first day of listing alone.
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Access Institutional-Grade Deals
Pre-IPO and unlisted share deals are typically available only to VCs, PEs, and high-net-worth investors through private networks. Our deal flow gives individual HNI investors access to the same opportunities as institutional players.
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Favourable Tax Treatment
Unlisted shares held for more than 24 months qualify as long-term capital assets, taxed at 12.5% without indexation — significantly more efficient than short-term equity gains for investors with a medium-to-long holding horizon.
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Portfolio Diversification Beyond Listed Equity
India's listed market represents only a small fraction of the country's economic activity. Pre-IPO and unlisted investing gives you exposure to entire industries and business models that are not yet available on BSE or NSE.
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Demat Transfer — Fully Documented
All unlisted share transactions are conducted via demat transfer — with proper share purchase agreements (SPAs), board resolutions where applicable, and complete paper trails. Fully legal, fully documented, fully transparent.
The Process
How to Invest — 4 Simple Steps
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Advisory Call
Our advisor understands your investment horizon, risk appetite, and sector preferences — and shares the current deals available on our Pre-IPO and unlisted watchlist.
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Due Diligence
We share detailed research on the company — financials, shareholding pattern, competitive positioning, IPO timeline, valuation benchmarks, and risk factors — so you invest with full information.
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Agreement & Payment
On your decision, we execute a Share Purchase Agreement, complete all KYC and documentation, and coordinate the share transfer to your demat account — fully handled by our team.
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Monitor & Exit
We monitor the company's IPO progress and corporate developments, alert you to exit opportunities (listing, buyback, secondary sale), and help you execute the exit to realise your gains.
Our Advisory Edge
Why Invest in Pre-IPO Through Amyra?
The unlisted market is unregulated and opaque — quality deal flow, independent due diligence, and safe execution are everything. Our track record in Pre-IPO advisory sets us apart.
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Proprietary Deal FlowWe source Pre-IPO and unlisted opportunities through a network of promoters, investment bankers, and PE funds — giving you access to deals unavailable on retail platforms.
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Independent Due DiligenceWe conduct detailed research on every opportunity — DRHP analysis, financials, competitive positioning, promoter background, and IPO timeline — before recommending to clients.
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Legal & Demat ExecutionAll transactions are executed via proper Share Purchase Agreements, KYC compliance, and direct demat transfers — with full documentation and zero legal risk for investors.
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IPO Monitoring & Exit AlertsWe track every company's IPO progress post-investment and proactively alert you to listing dates, lock-in periods, and secondary market exit opportunities.
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Fair Pricing, No Markup HidingWe disclose our fee structure upfront. Unlike some brokers who hide margins in price markups, we charge a transparent advisory fee and ensure you get fair entry prices.
Ideal For
Built for Growth-Oriented Investors
Pre-IPO and unlisted investing is not for everyone — it requires patience, risk tolerance, and a medium-to-long investment horizon. But for the right investor, it delivers unmatched returns.
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HNIs Seeking Alpha
Your listed equity portfolio has market-linked returns. Pre-IPO investing is the layer that can generate 3x–10x returns — uncorrelated to daily market movements — for your high-conviction bets.
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Business Owners
You understand businesses. Invest in promising private companies using the same lens you apply to your own — but in sectors and businesses you cannot build yourself.
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Savvy Equity Investors
If you follow IPO markets closely and understand how companies get priced at listing, Pre-IPO investing is the logical extension — getting in before the IPO price is set.
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Long-Horizon Wealth Builders
Investors with a 2–5 year horizon who can afford to stay invested while a company progresses to its IPO — and are rewarded with potentially enormous returns for their patience.
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Family Offices
Allocate a portion of the family portfolio to unlisted equity as a high-upside satellite allocation — diversified across 4–6 companies across sectors for balanced pre-IPO exposure.
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NRI Investors
NRIs can invest in Indian unlisted shares through NRE accounts (subject to FEMA regulations). We guide NRI clients through the compliance framework and execute transactions seamlessly.
50+Pre-IPO Deals Executed
3.8×Avg. Return on Exited Deals
10+Years of Advisory Expertise
4.9★Client Satisfaction Score
Client Stories
What Our Pre-IPO Investors Say
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I invested in a fintech company's Pre-IPO round through Amyra at ₹45 per share. It listed at ₹120. The entire process — SPA, demat transfer, documentation — was handled completely by their team. I just made the investment decision. Outstanding advisory.
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★★★★★
Rajesh Khanna
Entrepreneur, Delhi
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Amyra shared detailed research — P&L, balance sheet, DRHP analysis — on every deal they recommended. I didn't feel like I was investing blind. That level of due diligence is rare in this market. My Pre-IPO portfolio has outperformed everything else I own.
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★★★★★
Sunita Mehta
CA & Investor, Noida
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As an NRI, I was nervous about investing in unlisted shares from abroad — compliance, repatriation, documentation. Amyra walked me through every step, filed all paperwork correctly, and the shares appeared in my NRO demat within the committed timeline. Highly recommended.
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★★★★★
Amit Verma
NRI Investor, Dubai
Get Started
Access Today's Pre-IPO Deals
Tell us what you're looking for and our Pre-IPO specialist will reach out with current opportunities that match your profile — completely free, completely confidential, no obligation to invest.
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Call Us
+91 8920746260
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Email
info@amyrasecurities.com
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Office
House No. A4, Second Floor, Chottey Lal Park, Pro ultimate gym building, Najafgarh road, Ramesh nagar, New Delhi – 110015 (Landmark: Metro Pillar 340)
Centricity, 1105, 11th Floor, Antriksh Bhawan, K G Marg, Delhi – 110001
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Hours
Mon – Sat: 9:00 AM – 6:00 PM
Common Questions
Frequently Asked Questions
Yes, buying and selling unlisted shares is completely legal in India. Transactions are conducted via Share Purchase Agreements (SPAs) and demat transfers, in compliance with SEBI and FEMA regulations. All transactions are documented and leave a full audit trail. There is no regulatory prohibition on the secondary transfer of unlisted shares between two parties.
Unlisted shares are transferred via the CDSL/NSDL off-market transfer mechanism directly to your existing demat account. You do not need a separate demat account for unlisted shares. The process involves: executing a Share Purchase Agreement, receipt of payment, and the seller initiating a DIS (Delivery Instruction Slip) or online transfer to your demat account. Our team handles the entire process and guides you at every step.
This is the primary risk of Pre-IPO investing. If the IPO is delayed, you remain invested in an illiquid position for longer. If the IPO is cancelled, you may need to exit via secondary market sale (to another investor) at potentially lower prices, or hold until another exit event such as a buyback or M&A. This is why we recommend investing only in companies with strong fundamentals, established revenues, and credible listing timelines — and to never invest more than 10–15% of your portfolio in unlisted equities.
Capital gains on unlisted shares held for less than 24 months are taxed as short-term capital gains at your applicable income tax slab rate. Shares held for more than 24 months are treated as long-term capital assets and taxed at 12.5% without indexation (as per Finance Act 2024). Note that the 12-month LTCG rule for listed shares does not apply to unlisted shares — the threshold is 24 months. Once the shares are listed post-IPO and held for 12+ months after listing, standard listed equity LTCG rules apply.
Minimum investment varies by opportunity. Unlisted shares of established companies can often be purchased from as little as ₹50,000. Pre-IPO shares of companies with upcoming listings typically require ₹1 Lakh minimum. ESOP buyouts and growth-stage investments may have higher minimums. We share specific minimum investment amounts for each deal when we present the opportunity to you.
Yes, NRIs can invest in Indian unlisted shares subject to FEMA regulations. Most unlisted share transactions for NRIs route through NRO accounts (non-repatriable by default, unless the company is in an automatic route sector). NRE investments in certain sectors are possible subject to pricing guidelines and RBI approval. We have a dedicated NRI onboarding process and provide complete guidance on FEMA compliance, documentation, and repatriation implications for each investment.
Unlisted shares can be sold before the IPO through a secondary market sale — finding another buyer willing to purchase your shares via an off-market demat transfer. Amyra Securities facilitates these secondary transactions through our network of investors. Liquidity is limited compared to listed markets, and selling before IPO may mean accepting a lower price than post-listing value. We recommend treating unlisted investments as illiquid until the IPO event and planning your cash flows accordingly.
Important Risk Disclosure – Unlisted & Pre-IPO Investments | Investment in unlisted shares and Pre-IPO stocks involves significant risk including illiquidity, business risk, regulatory risk, and the risk of total loss of capital. There is no guarantee that a company will list on a stock exchange or that an IPO will occur within the expected timeline. Returns mentioned are illustrative only and are not indicative of future performance. Past performance of any deal is not a guarantee of future results. Unlisted share transactions are not regulated by SEBI and do not carry the investor protections applicable to listed securities. These investments are suitable only for investors who fully understand and can bear the risk of illiquidity and capital loss. Please consult your financial and tax advisor before investing. Amyra Securities acts as an advisor and facilitator — not as a market maker or principal to any transaction.
