Top 10+ Unlisted Shares to Invest in India in 2026 (NSE, OYO, Zepto & More)

In this article, we will explore the top unlisted shares in India that are in high demand and that every smart investor should keep an eye on in 2026. Also, we will tell you a simple and safe way of investing in unlisted shares. So, read till the end.

What Are Unlisted Shares?

Before we begin, let us understand what unlisted shares are, from the following points:

• Unlisted shares are the equity shares of a company that is not publicly traded on any stock exchange. 
• Instead, these shares are bought and sold in the private market through platforms like UnlistedKraft, intermediaries, or directly from existing shareholders.

To understand the complete legal framework, risks, and benefits, you can also read our complete guide on unlisted shares in India.

High Demand Unlisted Shares in India (Latest List – Jan–Feb 2026)

The following table shows the top unlisted shares in India in January 2026:

Disclaimer: Information may not be accurate/up-to-date. Kindly check the official website of the company for more information. If you are interested in buying/selling unlisted shares, please visit www.unlistedkraft.in

Key Takeaways from the Top Unlisted Shares List

The following are some of the key takeaways from the table below:

• Active Pipeline: NSE, OYO, Polymatech, PXIL, Apollo Green Energy, and Zepto remain among the most closely watched unlisted companies for potential listings in 2026, as India continues to witness strong IPO momentum led by technology, energy, and platform-based businesses.
• No Immediate IPO Progress: Companies such as MSEI, SBI AMC, NCDEX, NERL, Greenzo Energy, and Hindon Mercantile currently show no confirmed IPO timelines and remain focused on operational growth, restructuring, or sector expansion.
• Market Context: Unlisted shares continue to remain volatile and sentiment-driven. Valuations are often influenced by IPO expectations, regulatory approvals, and liquidity in the unlisted market, while delays due to SEBI processes or market conditions remain common.

We have a section on latest news about unlisted shares, upcoming IPOs and other financial news that impact the market, and we strongly recommend that you read those on a daily basis for up to date information.

Important Details About Popular Unlisted Shares

Now, let us check some important details about the above-mentioned unlisted shares:

National Stock Exchange (NSE)

The National Stock Exchange of India Ltd. (NSE) is India’s largest stock exchange, established in 1992 and headquartered in Mumbai. NSE introduced electronic trading in India and today ranks among the world’s largest exchanges by market capitalisation and derivatives volume. It facilitates trading across equities, derivatives, debt instruments, ETFs, and currency segments, while operating benchmark indices such as the NIFTY 50. Major institutional shareholders include Life Insurance Corporation of India (LIC), State Bank of India, SBI Capital Markets, and Stock Holding Corporation of India. After prolonged regulatory delays, NSE received SEBI’s No Objection Certificate, reviving expectations of a long-awaited IPO, making it one of the most tracked unlisted companies in India.

Click here to buy NSE unlisted shares.

Metropolitan Stock Exchange of India (MSEI)

Metropolitan Stock Exchange of India Ltd. (MSEI), established in 2008 and headquartered in Mumbai, is India’s third national-level stock exchange. The exchange offers trading in equity, currency derivatives, interest rate derivatives, and debt segments. Supported by its clearing subsidiary, Metropolitan Clearing Corporation of India Ltd., MSEI continues efforts toward operational turnaround and market participation growth. While the exchange remains active in expanding its ecosystem and strengthening participation among brokers and institutions, there is currently no confirmed IPO timeline.

Click here to buy MSEI unlisted shares.

OYO Rooms (OYO Hotels & Homes / PRISM)

OYO Rooms, founded in 2012 by Ritesh Agarwal and headquartered in Gurugram, is a global hospitality technology platform operating franchised and leased hotels across multiple countries. The company follows an asset-light business model supported by pricing algorithms, inventory management technology, and partner-led operations. Major investors include SoftBank, Ritesh Agarwal, Lightspeed Venture Partners, and other global investors. Following profitability improvements and restructuring efforts, OYO has reportedly filed IPO documents through the confidential route under its parent entity PRISM, with market expectations of a public issue once regulatory and market conditions align.

Click here to buy OYO unlisted shares.

Polymatech Electronics

Polymatech Electronics is an Indian semiconductor and electronics manufacturing company focused on advanced chip packaging and semiconductor components. With increasing government focus on domestic semiconductor manufacturing under India’s electronics and chip policy initiatives, Polymatech has gained investor attention in the unlisted market. The company has expanded its product portfolio and manufacturing capabilities, and discussions around a potential SME IPO have continued, although final timelines remain subject to regulatory approvals and market conditions.

Click here to buy Polymatech unlisted shares

SBI AMC (SBI Funds Management)

SBI Funds Management Ltd., popularly known as SBI AMC, is one of India’s largest asset management companies and a subsidiary of State Bank of India. The company manages mutual fund schemes across equity, debt, hybrid, and passive investment categories and has consistently maintained a large share of India’s mutual fund industry assets under management (AUM). Backed by SBI and global partner Amundi, the AMC continues to benefit from increasing retail participation in mutual funds and SIP investments. As of now, there is no confirmed IPO plan for SBI AMC.

Click here to buy SBI AMC unlisted shares.

Zepto

Zepto is a quick commerce startup founded in 2021, offering ultra-fast delivery of groceries and essentials through a network of dark stores across major Indian cities. The company has witnessed rapid growth driven by strong investor funding and increasing consumer demand for instant delivery services. Zepto has raised capital from investors including Lightspeed, Nexus Venture Partners, StepStone, and global institutional funds, pushing its valuation into multi-billion-dollar territory. The company has confidentially filed IPO papers with SEBI, positioning itself among the new-age technology companies preparing for public market entry.

Click here to buy Zepto unlisted shares.

NCDEX (National Commodity & Derivatives Exchange)

National Commodity & Derivatives Exchange (NCDEX), established in 2003, is a leading commodity derivatives exchange in India, focusing primarily on agricultural commodities. Headquartered in Mumbai, NCDEX provides electronic trading platforms that enable price discovery and risk management for farmers, traders, and processors. Promoted by institutions such as NSE, NABARD, ICICI Bank, and LIC, the exchange continues to strengthen its commodity ecosystem and digital infrastructure. While strategic expansion discussions continue, there is no confirmed IPO timeline currently.

Click here to buy NCDEX unlisted shares.

PXIL (Power Exchange India Ltd.)

Power Exchange India Ltd. (PXIL) is an institutionally promoted electricity trading platform facilitating spot and term-ahead power trading in India. The exchange plays a key role in transparent price discovery and supports renewable energy integration into power markets. As India continues to reform electricity markets and move toward market coupling mechanisms, PXIL’s relevance has increased. The company has been discussed as a potential IPO candidate, subject to regulatory developments and sector reforms.

Click here to buy PXIL unlisted shares.

Greenzo Energy

Greenzo Energy is an emerging player in the green hydrogen and renewable energy ecosystem in India. The company focuses on hydrogen production infrastructure and industrial decarbonisation solutions, aligning with India’s National Green Hydrogen Mission. With growing policy support for clean energy and industrial partnerships in hydrogen projects, Greenzo has attracted investor interest in the unlisted market. However, there is currently no confirmed IPO plan.

Click here to buy Greenzo unlisted shares.

NERL (National E-Repository Ltd.)

National E-Repository Ltd. (NeRL) is a digital repository platform established under the Warehousing Development and Regulatory Authority (WDRA) framework. It enables electronic warehouse receipts (eNWRs), allowing farmers, traders, and financial institutions to digitally issue, transfer, and pledge warehouse-backed commodities. Backed by institutions such as NCDEX, NABARD, ICICI Bank, and State Bank of India, NeRL plays a significant role in digitising agricultural financing and improving transparency in commodity storage systems. The company currently has no confirmed IPO plans.

Click here to buy NERL unlisted shares.

Hindon Mercantile

Hindon Mercantile Ltd. operates in the financial services and investment space and has remained active in acquisition-led growth and restructuring initiatives in recent years. The company has participated in investments and financial transactions within emerging sectors, which has kept trading activity active in the unlisted market. However, there is no official confirmation regarding any IPO plans at present.

Click here to buy Hindon Mercantile unlisted shares.

Apollo Green Energy

Apollo Green Energy operates in the renewable energy sector with focus on solar EPC projects, renewable infrastructure development, and capacity expansion. The company has been working toward scaling renewable installations in line with India’s energy transition goals. Market discussions around a potential IPO have surfaced as renewable energy companies continue to attract investor attention, though final timelines depend on financial readiness and regulatory approvals.

Click here to buy Apollo Green unlisted shares.

How to Buy Unlisted Shares in India (Step-by-Step)

Now that you know which companies are popular and in high demand, let us see how you can buy unlisted shares safely and easily.

Here is how to do it through UnlistedKraft.in - India’s trusted platform for buying and selling unlisted shares.

Step 1: Visit www.unlistedkraft.in

Search for the company’s unlisted shares in which you want to invest. For example, we have taken Oyo Rooms Ltd.

Step-2 Enter the quantity of shares you want to buy

After entering, click on “Invest Now”

Step 3: Input your mobile number for verification

You have to enter the OTP received on your mobile device.

Step 4: Read the risk disclosure document

Click on “I Understand.” and then click on “Proceed”, once you are done reading the risk disclosure document. We recommend that you read that document carefully.

Step 5: Pay the final amount

The settlement period is 5 working days from the transaction date. However, we do our best to transfer as early as possible.

For updated prices of unlisted shares, you can check on the UnlistedKraft website.

Read Also: Top 5 Things to Know Before Investing in Unlisted Shares

Why Buy Unlisted Shares from UnlistedKraft?

Let us understand from the following table why you should trust UnlistedKraft when it comes to buying and selling unlisted shares.

With UnlistedKraft, there is safety, transparency, and reliability.

Quick Overview on Taxation on Unlisted Shares

Before you start investing in unlisted shares, it is important that you understand the taxation system in India related to unlisted shares. The following table explains it:

If you are interested in knowing more about unlisted shares and other details related to unlisted shares, please read our detailed article on Everything About Unlisted Shares in India.

Conclusion

With the possibility of high returns, expected growth and convenient platforms like UnlistedKraft, unlisted shares have become a mainstream investment opportunity for those seeking early access to India’s next big companies.

Examples like OYO Rooms, Groww, PharmEasy, CSK and Lava International, each of these companies represents a unique growth story that can deliver solid long-term returns. But always remember that the key is to transact unlisted shares from trusted, verified sources only.

So, if you are ready to explore this exciting market safely, visit UnlistedKraft today.

Frequently Asked Questions About Unlisted Shares

Are unlisted shares legal to buy in India?

Yes. Buying unlisted shares is completely legal when done through verified intermediaries like UnlistedKraft, following SEBI and RBI guidelines.

How do I know if a company will go for an IPO soon?

Keep track of DRHP filings and market news. UnlistedKraft also updates its listings regularly with the latest IPO pipeline information.

What is the minimum investment amount?

It varies by company - some start from ₹10,000, while others like NSE or Reliance Retail may require ₹50,000 or more.Can I sell unlisted shares before IPO?
Yes. You can sell them anytime through UnlistedKraft’s resale network, subject to buyer availability.

Is there any risk in buying unlisted shares?

Yes, like any investment. Risks include low liquidity and price volatility.

Author: Diwakar Singh

Diwakar Kumar Singh is a finance writer and BFSI specialist with 7+ years of experience in financial content and research. He has authored hundreds of finance articles, published multiple books internationally, and contributed to research publications. A Gold Medalist MBA from IMT, he brings a strong analytical understanding combined with clear, reader-focused communication. His work focuses on simplifying complex financial topics, including IPO analysis, unlisted shares, financial ratios, and company evaluations, providing well-researched and evidence-based insights to help readers make informed financial decisions.