Investor enthusiasm for unlisted companies with upcoming IPO plans has risen sharply, driving prices higher in the pre-listing market. Several high-profile names have gained momentum as regulatory approvals and IPO developments fuel anticipation.
Unlisted shares of companies with IPO plans have seen a significant uptick in demand over the past month. This surge is driven by growing anticipation around their listings, competitive valuations compared to listed counterparts, and recent regulatory milestones.
As per news reports, at the forefront of this rally is the National Stock Exchange (NSE). Its unlisted share price has jumped over 50%, rising from ₹1,575 to ₹2,370 in just a month. Investor confidence was further strengthened following the unfreezing of NSE’s shares in late March, expanding the pool of interested buyers and pushing valuations higher.
The rally has coincided with a string of IPO-related developments. The Securities and Exchange Board of India (SEBI) extended the listing deadline for NSDL until July, while Vikram Solar and Hero Fincorp recently received IPO approvals for ₹1,500 crore and ₹3,600 crore, respectively.
According to a news report, several other unlisted stocks have posted double-digit gains in recent weeks:
These movements reflect investor efforts to capitalise on pre-IPO opportunities before formal listings occur.
Read More: How to Buy NSE Unlisted Shares in India?
As per news reports, the pre-IPO space often becomes active when there is greater clarity around listing timelines. This leads to a sudden influx of demand, which can drive up prices significantly.
According to Manan Doshi, Co-founder of UnlistedArena.com, the appeal for investors lies in accessing premium companies before public markets open up the opportunity. He explained that the unlisted market allows entry at pricing levels that may be more attractive than post-IPO valuations.
The revival in the unlisted market is also supported by broader market optimism, aided by regulatory progress and strong momentum in primary markets.
The upcoming IPO pipeline includes several companies considered to be household names or well-established in their sectors. This recognition adds to their appeal in the unlisted market. As their public offerings draw closer, interest from both retail and institutional investors has continued to grow.
The presence of diverse sectors ranging from finance and renewable energy to technology and infrastructure adds breadth to the investment universe in the unlisted domain.
The unlisted equity market has witnessed a significant rally over the past month, led by IPO-bound companies such as NSE, NSDL, Vikram Solar, Hero Fincorp, and others. As investor interest continues to grow and regulatory clarity emerges, the pre-IPO space remains a dynamic segment of the capital market landscape.
Disclaimer: This blog has been written exclusively for educational purposes. The securities or companies mentioned are only examples and not recommendations. This does not constitute a personal recommendation or investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Investments in the securities market are subject to market risks. Read all the related documents carefully before investing.
Published on: Jun 10, 2025, 1:51 PM IST
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