Unlisted shares are becoming an increasingly popular investment avenue for investors looking to access companies before IPO. However, buying or selling unlisted shares requires a structured and compliant process since these securities are not traded on stock exchanges.
This guide explains exactly how to buy and sell unlisted shares in India through Neoma Capital using approved depository mechanisms. Every step outlined below follows regulatory norms and ensures secure settlement, transparency, and proper documentation.
Understanding NSDL and CDSL
Unlisted shares in India are held and transferred through two authorised depositories.
• NSDL, established in 1996 and promoted by the National Stock Exchange • CDSL, established in 1999 and promoted by the Bombay Stock Exchange
Both NSDL and CDSL allow investors to hold unlisted shares in demat form and transfer them through off market transactions. Physical share certificates are no longer required.
Approved ways to transfer unlisted shares
Unlisted shares can be transferred to Neoma Capital using any of the following compliant methods.
• CDSL Easiest • NSDL Speed-e or NSDL Internet Demat • Physical DIS or Delivery Instruction Slip
Method 1: Transfer unlisted shares using CDSL Easiest
This is the fastest and most preferred method for investors holding unlisted shares in a CDSL demat account.
Pre requirement: Upgrade to CDSL Easiest
If your account is currently on CDSL Easi, you must upgrade to CDSL Easiest.
• Login to the CDSL system • Go to Miscellaneous and select Upgrade to Easiest • Your broker will complete the upgrade and issue an 8 digit CDSL PIN
This PIN is mandatory for authorising all off market transfers.
How to add Neoma Capital as a trusted account in CDSL?
• Login to https://web.cdslindia.com/myeasitoken/Home/Login • Click on Edit Trusted Account • Select Add Trusted Account • Enter Neoma Capital's demat account details • Authenticate using OTP sent to your registered email and mobile number • The request goes to your broker for approval • Status changes from Pending for Authentication to Authenticate by DP once approved
How to transfer unlisted shares using CDSL Easiest?
• Login and go to Transactions • Select Setup and then Bulk Setup • Choose Buy or Sell • Select Execution Date • Enter Counter BOID of Neoma Capital • Click the Add icon and enter: • ISIN number • Quantity of shares • Consideration amount • Reason as Off Market • Submit and Commit the transaction • Enter OTP and your 8 digit CDSL PIN • Around 6 PM, authenticate the confirmation email received from CDSL
Shares are transferred on the same day after final authentication.
Method 2: Transfer unlisted shares using NSDL Speed-e
For NSDL demat holders, unlisted shares can be transferred digitally using Speed-e or NSDL Internet Demat.
• Login to https://nsdl.co.in • Select Transfer Out or Off Market Transfer • Enter Neoma Capital's DP ID and Client ID • Fill in ISIN, quantity, and consideration amount • Authorise using demat password or e-DIS • Confirm using OTP
Shares are credited within 1 to 2 working days.
Method 3: Transfer unlisted shares using DIS
If online access is not available, a physical Delivery Instruction Slip can be used.
• Request a DIS booklet from your broker or DP • Fill in: • ISIN number • Neoma Capital's DP ID and Client ID • Quantity of shares • Consideration amount • Execution date • Sign as per demat records • Submit the DIS to your DP
This process usually takes 3 to 5 working days.
Stamp duty on unlisted share transfers
Stamp duty is mandatory for all off market share transfers.
• Stamp duty rate is 0.015 percent of the consideration amount • It is calculated automatically during the transfer
Example
• Transaction value of Rs 50,000 • Stamp duty payable is Rs 7.50
Payment settlement process
Neoma Capital follows a secure settlement-first approach.
• Share share name, quantity, and expected price • Price is confirmed based on market demand • Payment is transferred via NEFT or RTGS • Shares are transferred after payment confirmation • Final confirmation is shared once shares are credited
This ensures complete settlement safety for sellers.
Why choose Neoma Capital for unlisted shares?
• Fully compliant NSDL and CDSL transfers • Clear pricing and transparent communication • Faster settlement timelines • End to end assistance for buyers and sellers • Dedicated support team
Final thoughts
Unlisted shares offer early access to high growth companies, but the process must be executed carefully. By following authorised depository mechanisms and proper settlement workflows, investors can trade unlisted shares with confidence.
Understanding the process is the first step toward participating safely in India's growing unlisted market.