Guides
How to buy unlisted shares: a step-by-step guide
Finlaunch Research · 22 October 2026
From KYC to the shares landing in your demat account, here is exactly what happens when you buy unlisted shares through Finlaunch.
Buying unlisted shares is less automated than buying a listed stock, but it is not complicated. Here is the full sequence on Finlaunch.
1. Create an account and complete KYC
Sign up with your email or mobile number, then complete KYC. You will need:
- Your PAN and Aadhaar
- A cancelled cheque or recent bank statement
- Your demat details, usually shared as a Client Master List (CML) from your broker
KYC typically takes a few minutes to submit and is usually approved the same working day.
2. Pick a product and quantity
Each product page shows the current price, the minimum purchase quantity, key ratios, financial statements and documents. Read them. If the minimum lot is 50 shares at ₹850, your minimum outlay is ₹42,500.
3. Submit a buy request
A buy request is not a payment. It tells our team what you want. A Finlaunch specialist then calls you to confirm the price, the quantity actually available and the settlement timeline.
4. Pay by bank transfer, only after confirmation
Once the order is confirmed in writing, you pay by UPI, NEFT, IMPS or RTGS to the Finlaunch account shown on your order. Never pay in cash, and never pay anyone before your order is confirmed on the platform.
5. Receive the shares in your demat
After payment is received, the shares are transferred off-market to your demat account. On Finlaunch this normally completes within two working days of payment. You will get an email and an in-app notification when the shares are credited, and they appear as settled in your portfolio.
What can slow things down
- A mismatch between the name on your PAN, bank account and demat account
- A CML that is out of date or unreadable
- Limited availability, in which case the specialist offers a smaller quantity or a waitlist
Tips before your first purchase
- Keep your CML handy as a PDF
- Make sure the bank account you pay from is in your own name
- Start with the minimum lot to get familiar with the process
If anything is unclear, book a call from the Contact page or message us on WhatsApp.
Questions about investing in unlisted shares?
A Finlaunch specialist can walk you through products, KYC and settlement.
Disclaimer
Finlaunch is not a stock exchange, stock broker, investment adviser or research analyst. Unlisted shares are transferred off-market between consenting parties; Finlaunch verifies the companies and facilitates the transaction. Investments in unlisted securities are illiquid, are not guaranteed, and can lose value. Past performance is not indicative of future returns.
This article is for information only and is not investment advice.