If you’re researching NSE share price or looking into unlisted shares of the National Stock Exchange (NSE), here’s what matters. You won’t find NSE itself listed on the exchange just yet. The company runs one of India’s biggest stock markets, but its own shares are still private. That means any shares of NSE you hear about are in the unlisted category.
So, let’s get right to it. The unlisted share price of NSE hovers around ₹3,700 as of early 2025. The total valuation? About ₹1.85 lakh crore based on current estimates. You won’t find this data in the regular trading apps because it’s not on NSE. This is all based on grey market activity, investor platforms, and intermediaries that trade these privately held shares.
National Stock Exchange is one of the well-established stock exchanges in 1992, Headquartered in Mumbai, Maharashtra.NSE has well maintained its role as the leading and pinnacle second trade exchange in India, with significant buying and selling volumes. It provides a modern, fully automated screen-based electronic trading system that offers easy trading facilities to investors spread across the country.
The Exchange operates as a fully integrated business model comprising Trading Services, Colocation Services, Exchange Services, Data Feed & Terminal Services, Licensing Services, Clearing & Settlement Services, and many more are performing well and effectively in terms of operations.
As of December 2024, reports stated and highlighted that NSE ranks as the 7th-largest stock exchange globally in the world, with a cumulative market capitalization of nearly over ₹439 lakh crore, which exceeds $5 trillion.
Furthermore, as of December 2024, NSE has over ~11 crore unique registered investors, managing more than 21 crore accounts. This remarkable achievement represented its pivotal role and positioned it in the segmentation of the global financial landscape as well.
NSE’s flagship index, the NIFTY 50, accommodates a 50-stock index as a barometer for the Indian capital markets. It is widely utilized by investors and analysts particularly to track investments and stocks, The NIFTY 50 demonstrated the performance of India’s pinnacle companies spanning various sectors.
NSE ranks as India’s most valuable unlisted company and the 10th most valuable overall, according to the 2024 Burgundy Private Hurun India 500 list. The market excitement and positive sentiment around the NSE pre-IPO shares have presented strong potential and demand.
What Are Unlisted Shares?
Unlisted shares are company stocks that aren’t traded on stock exchanges like NSE. These are often pre-IPO shares or equity in private companies. NSE, as odd as it sounds, is one of them. It runs the show but hasn’t gone public itself.
You can buy these shares through private deals, specialized brokers, or investor platforms like UnlistedZone. But the process isn’t regulated the same way listed markets are. That’s important to remember.
Why Is NSE Still Unlisted?
Regulatory delays. SEBI had issues with governance lapses at NSE. You might’ve heard about the co-location case and leadership controversies. That slowed down the IPO process.
The NSE IPO has been in the pipeline for years. At one point, they were all set. Then the application was put on hold. Now, SEBI is reportedly getting ready to approve it. When that happens, NSE shares could get listed on the exchange, and the price will be public.
Until then, it stays in the unlisted zone.
Can You Buy NSE Shares Before the IPO?
Yes. But you need to go through a broker or platform that deals in unlisted shares. Think PMS firms, high-net-worth advisors, or fintechs like UnlistedZone and Planify.
Here’s the usual process:
- You sign up.
- They show you available shares.
- You agree on the price (usually quoted per share).
- Then you pay and get the shares transferred to your demat account.
That’s the basic idea. But pricing isn’t fixed. It’s a private deal, so expect to negotiate or wait for better offers.
- The NSE Upcoming IPO (National Stock Exchange) is one of the most anticipated public offerings. NSE India has received an NOC from SEBI for IPO.
- According to ET, the National Stock Exchange (NSE) approached the capital markets regulator, SEBI, in August 2024, seeking approval to file its draft prospectus for its IPO.
- The country’s largest stock exchange could be one of the most profitable companies with around 41.4% profit margin. Also, sources reported that NSE valuation has surged by 201% in 2024 to ₹4.7 lakh crore.
- NSE unlisted (Pre-IPO) shares can be traded through approved platforms like Planify. Since these are ROFR (Right of First Refusal) shares, transfers require NSE approval. Track financial performance and price trends before investing.
- Stay updated on IPO dates, price bands, and listing details for Mainboard & SME offerings. Monitor the latest and upcoming public issues for investment opportunities.
How Do You Track Unlisted NSE Share Price?
There’s no central database. You’ll have to monitor websites that deal in unlisted stocks. These platforms list asking prices and some provide order books. Examples include:
- UnlistedZone
- SharesKart
- Planify
These are private markets, so prices vary. The ₹3,700 price is based on recent deals and listing from these platforms. Keep in mind: volumes are low, so prices can shift fast if demand rises.
Is It Risky to Buy NSE Unlisted Shares?
Short answer: Yes, more than buying regular shares.
Here’s why:
- Liquidity: It’s harder to sell. You might not find a buyer right away.
- No Daily Price Discovery: You won’t know if the price you paid is too high or low until later.
- Limited Info: NSE is a private company. You won’t get the same level of detail or updates as you do with listed firms.
- IPO Uncertainty: The IPO has been delayed before. It could happen this year—or not.
But on the other hand, some investors think they’re getting in early on a future blue-chip.
What’s the Valuation of NSE?
As of now, estimates peg the total valuation of NSE at ₹1.85 lakh crore. That’s based on a per-share unlisted price of ₹3,700 and about 50 crore shares outstanding. These numbers are not official, but they’re widely accepted in private markets.
For context, this valuation makes NSE one of the largest financial firms in India. Even before it gets listed.
Is NSE Planning to List Anytime Soon?
The buzz says yes. SEBI might clear the IPO plans this year. If that happens, we’ll finally see NSE on the NSE.
Once listed, the share price will reflect real-time demand. Investors who bought unlisted shares might get a listing gain—or maybe not. That depends on the IPO price and market mood.
It’s still speculation until an official filing happens.
Why Do People Buy Unlisted NSE Shares?
Early positioning. That’s it. They’re betting that when NSE lists, the price will go higher. In other words, they’re looking for listing gains.
Also, NSE is a profitable, cash-generating business with a near-monopoly in equity trading. So some investors are in it for the fundamentals, not just speculation.
Common Mistakes in Buying Unlisted Shares
- Overpaying: No central price, so people sometimes pay too much.
- Assuming IPO Will Happen Soon: It’s not guaranteed.
- Buying From Unverified Sources: Always use trusted intermediaries.
- Not Checking Demat Transfer Process: Make sure the shares will be delivered safely.
Do your homework.
What Happens If NSE Doesn’t Go Public?
You’ll be stuck with unlisted shares. They may still hold value, but selling them could be difficult. You’ll have to find another buyer in the grey market.
Also, without a listing, there’s no easy exit. And the value won’t grow as fast without public market momentum.
That’s the risk.
Should You Invest in NSE Unlisted Shares?
That depends on your risk appetite. If you’re okay with holding for a few years and dealing with a private market, then it could be worth it.
But it’s not for short-term traders or anyone who wants quick liquidity. Think of it more like private equity—longer horizon, higher risk, but potentially higher reward.
Final Thoughts
The NSE share price, for now, exists only in the unlisted world. It’s not on your trading app. If you want in, you’ll need to go through a less formal route.
