Sell Unlisted Shares in India

Looking for a buyer for your unlisted, pre-IPO, ESOP, unquoted, delisted or illiquid shares? Arms Securities can help you evaluate current buyer interest and understand the transaction process.

Get Assistance Selling Your Unlisted Holdings

Unlike listed shares, unlisted securities cannot normally be sold by placing a regular order on a recognised stock exchange. A seller must identify an eligible buyer, agree on a price and complete the required documentation and transfer process.

Arms Securities assists:

  • Existing shareholders
  • Current and former employees
  • ESOP holders
  • Early-stage investors
  • Promoters and business owners
  • Family offices
  • Institutional holders
  • Legal heirs holding eligible securities

Buyer availability and final pricing cannot be guaranteed.

Information Required From Sellers

To review your enquiry, we may ask for:

  • Company name
  • Number of shares
  • Share class
  • ISIN, where applicable
  • Physical or demat holding status
  • Demat holding statement
  • Acquisition details
  • Transfer restrictions
  • Expected price
  • Seller contact information

Do not share passwords, PINs, OTPs or blank signed transfer instructions.

How the Selling Process Works

Step 1: Share Your Holding Details

Provide the company name, quantity and holding format.

Step 2: Buyer-Interest Check

We check whether there is current buyer interest for the security and quantity.

Step 3: Indicative Price Discussion

An indicative price may be shared based on available demand, recent market information, quantity and liquidity.

Step 4: Verification and Documentation

Ownership details, KYC, demat information and other transaction documents are reviewed.

Step 5: Transaction Confirmation

Both parties confirm the quantity, consideration, payment process and transfer instructions.

Step 6: Transfer and Completion

The securities and consideration are processed according to the agreed documented sequence and applicable requirements.

Factors That Affect the Selling Price

The price of an unlisted share can be affected by:

  • Company financial performance
  • Demand and available buyer interest
  • Quantity being sold
  • Recent private transactions
  • Sector outlook
  • Possible corporate actions
  • Transfer restrictions
  • Expected listing developments
  • Liquidity conditions

An online quotation should not be treated as a guaranteed executable price.

Selling ESOP or Employee Shares

Employees and former employees should first verify whether their shares are vested and transferable. The company’s articles, ESOP scheme, shareholders’ agreement or internal policy may impose restrictions or approval requirements.

Visit our Sell ESOP Shares page for a dedicated process.

Frequently Asked Questions

How quickly can unlisted shares be sold?

The time required depends on buyer demand, price agreement, documentation, company restrictions and the transfer mechanism.

Can Arms Securities guarantee a buyer?

No. Assistance is subject to current market interest and transaction eligibility.

Can I sell only part of my holding?

Possibly. This depends on buyer requirements, minimum quantity and any company-level restrictions.

Can physical shares be sold?

The available process depends on whether the company is listed or unlisted, the security type and current legal and depository requirements. The documents should be reviewed before proceeding.

Request a Buyer-Interest Check

Submit your holding details to Arms Securities for an initial availability and indicative-price discussion.

Call or WhatsApp: +91-8882245112 / +91-9899131155
Email: contact@armssecurities.com

You may also review our delisted-share service, off-market transfer assistance and contact page.

Risk Disclosure: Completion, price and liquidity are not guaranteed. Sellers should consider applicable taxes, transfer restrictions and professional advice before completing a transaction.