1. Acceptance
These Terms and Conditions (“Terms”) are a binding agreement between you and Gayatri Financial Synergy, trading as BuyUnlistedShares (“GFS”, “we”, “us”, “the desk”). By opening any page of this website, using any tool on it, sending an enquiry, submitting a pre-application, posting on the Community pages or contacting the desk by phone, WhatsApp or email, you accept these Terms, the Privacy Policy, the Disclaimer and Risk Disclosure and the Grievance Redressal Policy, each of which forms part of these Terms. If you do not accept them, do not use the website. These Terms are an electronic record under the Information Technology Act, 2000 and need no physical or digital signature.
2. Who we are
BuyUnlistedShares is the unlisted and pre-IPO desk of Gayatri Financial Synergy, a firm based in Faridabad, Haryana, dealing in unlisted and pre-IPO shares since 2002. GFS is not registered with the Securities and Exchange Board of India (SEBI) as a stock broker, research analyst, investment adviser or portfolio manager, and nothing on this website claims or implies any registration beyond what is stated here. The website publishes information and takes non-binding enquiries. GFS deals in unlisted and pre-IPO shares as a principal (a dealer): when a deal is confirmed in writing, it sells shares to you, or buys them from you, on its own account. It does not match buyers and sellers, and it is not a stock exchange, a marketplace or trading platform, a payment system or a custodian.
3. Eligibility
You may use this website and the desk only if all of the following are true, and by using them you confirm that they are:
- you are at least 18 years old and competent to contract under the Indian Contract Act, 1872;
- you are not a “U.S. person” under U.S. securities law, are not located in a jurisdiction where accessing this website or dealing in Indian unlisted securities is unlawful, and are not on any sanctions, debarment or wilful-defaulter list of any government, regulator or exchange;
- you hold, or will hold before any transaction, a valid PAN and an active demat account, and you are compliant with all know-your-customer (KYC) requirements that apply to you;
- you act for yourself with your own funds, or you hold and can prove written authority to act for the person you represent; and
- you have not been suspended or barred from this website or the desk before.
Non-residents. The desk currently deals mainly with residents of India; non-residents should contact the desk first, and any deal is subject to the Foreign Exchange Management Act, 1999 (FEMA) and the desk’s discretion.
We may ask for proof of any of these at any time and may refuse or stop service if it is not provided to our satisfaction.
4. Nature of the service
Information only. Every price, price history, financial figure, ratio, IPO date, price band, lot size, subscription figure, grey-market premium (GMP), calculator output, scorecard, assessment, Ask AI answer, research note, blog post and Community post on this website is information, published for general reference. None of it is investment, legal, tax or financial advice, a recommendation, a solicitation, a valuation, a research report under the SEBI (Research Analysts) Regulations, 2014 or an offer to buy or sell any security. You use it entirely at your own risk and on your own judgement.
Invitation to treat, not an offer. Every price shown on this website is a dated indicative dealer reference and an invitation to treat only. It is not an offer. An enquiry, callback request, watchlist entry, saved applicant, “Pre-apply” submission or any acknowledgement, auto-reply, reference number or callback you receive is not an order, a reservation, an allocation, a price commitment, an acceptance or a contract. No contract for any security exists unless and until the desk confirms the specific security, quantity, price, settlement date and the bank account for payment to you in writing (the “deal confirmation”), and then only on the terms of that deal confirmation.
Sole discretion of the desk. The desk may, at any time and at its sole discretion, without giving reasons and without any liability to you: refuse, ignore, cancel, re-price, re-quote, reduce, withdraw or decline to act on any enquiry, quote, price, indication, pre-application or application; decline to deal with you at all; or withdraw any company, security or IPO from the website. A price shown on the website does not bind the desk even after you have enquired against it.
How a deal is done. This website publishes information and takes non-binding enquiries; it does not itself collect money or hold securities. When a deal is confirmed in writing, Gayatri Financial Synergy itself sells the shares to you, or buys them from you, as principal (a dealer) in an off-market transaction. It does not act as your broker or agent and does not match you with another buyer or seller. You pay only by bank transfer into the BuyUnlistedShares (Gayatri Financial Synergy) company bank account shown by the desk, and the shares move by off-market demat-to-demat transfer through the depository participants of NSDL or CDSL. The deal confirmation (security, quantity, price, settlement date and the bank account for payment) governs that transaction. Never transfer funds or securities to anyone on the strength of website content, an acknowledgement or a message claiming to be from us that does not come from the contact details published on this website.
5. Your warranties
Each time you use the website or contact the desk you represent and warrant that:
- every detail you give us, including your name, phone number, email, address, PAN, demat (DP ID and client ID), UPI ID, bank details, quantity and category, is true, accurate, current and complete, matches your official records, and you will tell us at once if any of it changes;
- you have full authority to submit those details and to make any enquiry or pre-application you submit;
- all funds you use or propose to use are your own, lawfully obtained, and not the proceeds of any offence under the Prevention of Money Laundering Act, 2002 or any other law;
- you are not relying on this website, the desk, any research note, any tool or any communication from us as advice, and you have taken, or have chosen not to take, your own independent professional advice;
- you understand the risks described in the Disclaimer and Risk Disclosure and accept them in full;
- you will use the website only for your own lawful, personal, non-commercial purposes; and
- you will comply with all laws that apply to you, including securities, foreign-exchange, tax and anti-money-laundering laws.
We are entitled to rely on every detail you give us without verifying it. Any loss, delay, rejection, mis-credit, failed mandate, wrong allotment or penalty that results from a wrong, incomplete or outdated detail is yours alone.
6. Prohibited conduct
You must not, and must not help anyone else to:
- scrape, crawl, spider, harvest, mirror, cache or otherwise extract any content or data from this website, whether by script, bot, browser extension, API call, screenshot automation or any other automated means, or exceed the access a normal human visitor would make;
- copy, republish, resell, license, distribute, syndicate, feed into any model, dataset, product, newsletter, app, Telegram or WhatsApp channel, or otherwise commercially exploit any price, price history, financial, IPO, GMP, subscription, research or other content or compilation from this website;
- frame, embed, hot-link, in-line or wrap any part of this website, or present it as your own;
- reverse-engineer, decompile, disassemble, probe, scan or test the vulnerability of the website, its data feeds, endpoints or any system behind it, or circumvent any technical protection or rate limit;
- submit a false, duplicate, test, speculative or unauthorised enquiry or pre-application, or use another person’s PAN, demat, UPI or identity;
- impersonate any person or entity, misrepresent your affiliation, or claim to speak for GFS or BuyUnlistedShares;
- post spam, advertisements, referral links, tips, price targets, recommendations, or anything that would require a SEBI registration you do not hold, on the Community pages or in any message to the desk;
- upload or transmit malware, malicious code, or anything that could damage, overload or interfere with the website or any system;
- use the website to break any law, infringe any right, or harass, defame, threaten or abuse anyone, including our staff;
- use any content from this website to build, train or improve a competing service, price feed, database or model.
Any breach of this clause entitles us to block you immediately, to pursue every remedy available in law and equity including injunctive relief, damages and account of profits, and to refer the matter to the police or the regulator. Automated access and data extraction may also be offences under the Information Technology Act, 2000.
7. Community pages and user content
Anything you post, upload or send to the Community pages, the desk or any public part of the website (“User Content”) is yours, and you alone are responsible for it. You grant GFS a perpetual, irrevocable, worldwide, royalty-free, transferable and sub-licensable licence to host, store, reproduce, display, edit, moderate, quote, remove and otherwise use your User Content in connection with the website and our business, without payment or attribution. User Content does not represent our views; we do not verify it, endorse it, or promise to keep it up. We may remove, edit or refuse any User Content at any time without notice or reason. In line with the Information Technology (Intermediary Guidelines and Digital Media Ethics Code) Rules, 2021, you must not post content that belongs to another person, is defamatory, obscene, invasive of privacy, harmful to children, infringes any intellectual property, misleads about its origin, impersonates another person, threatens the security of India or public order, contains malware, or is false and misleading in a way that could cause loss. Complaints about User Content go to the grievance officer named on the Grievance page.
8. Intellectual property and licence
The website and everything on it, including the BuyUnlistedShares, Unlisted Axis and Gayatri Financial Synergy names, marks and logos; the design, layout, illustrations, bus and route artwork, code and user interface; every price, price history, financial, IPO, GMP, subscription and company data compilation; research notes, blog posts, guides, calculators, scorecards, assessments and Ask AI content; and the selection, arrangement and presentation of all of it, are the property of GFS or its licensors and are protected by the Copyright Act, 1957, the Trade Marks Act, 1999 and other laws. The data compilations on this website are original literary works in which GFS holds copyright.
You are granted a limited, personal, revocable, non-exclusive, non-transferable licence to view the website in a normal browser for your own non-commercial information. Every other right is reserved. This licence ends automatically if you breach these Terms and may be revoked by us at any time. Nothing on the website transfers any right, title or interest to you.
9. Third parties and links
The website links to, refers to and relies on third parties over which we have no control, including stock exchanges, SEBI, depositories (NSDL and CDSL), registrars to an issue, sponsor banks, UPI applications, the National Payments Corporation of India, stock brokers and other registered intermediaries, depository participants, issuing companies and their merchant bankers, data providers, the Ministry of Corporate Affairs, and websites reached through any link on this site (including partner or referral links on the Open Demat page). We are not responsible for their content, accuracy, availability, acts, omissions, delays, outages, fees, decisions, terms or privacy practices, and a link is not an endorsement. Your dealings with any third party, including any broker account you open through a link on this site, are governed solely by that third party’s terms. Where a link is a partner or referral link, that is disclosed on the page and we may receive a fee; that fee does not make us responsible for the third party.
10. IPO pre-application and allotment tools
- Intake only. The “Pre-apply” form records the bid you say you want and the applicant details needed for it. Submitting it is a request to the desk, not an IPO application, and creates no obligation on the desk to place any bid.
- Bids are placed only through a registered intermediary. If the desk chooses to act on your request, the bid is keyed in through a SEBI-registered intermediary under that intermediary’s terms, and only after you approve the UPI mandate. GFS is not the book-running lead manager, registrar, sponsor bank, syndicate member or self-certified syndicate bank for any issue.
- Your mandate is your act. The application is made by you when you approve the UPI mandate in your own bank or UPI app. Check the issue, amount and payee before you approve. A mandate you approve is your instruction to your bank; we cannot approve, modify, block, release or reverse it.
- Timelines belong to others. Bidding windows, mandate cut-offs, the basis of allotment, allotment, unblocking of funds, refunds, demat credit and listing are decided and executed by the exchange, registrar, sponsor bank and your bank under SEBI’s rules and the offer document. We do not control them and give no assurance of any of them.
- No liability. GFS has no liability whatsoever for a bid that is not placed, is placed late, is rejected, is cancelled, is placed at a category, lot or price other than what you intended, or fails because of any technical fault, outage, mandate failure, cut-off, bank or UPI error, exchange or registrar action, or any wrong, incomplete or mismatched detail you gave (including a PAN, name, DP ID, client ID or UPI ID that does not match your records), nor for any allotment you do not receive, any listing gain you do not make, or any funds blocked longer than expected.
- We may decline. The desk may decline to place, or may withdraw, any bid at any time before it is submitted to the exchange, for any reason or none, without liability.
- Allotment checker. The allotment checker either hands you to the registrar’s own page or relays what the registrar’s system returns. The result is the registrar’s alone; GFS makes no representation that it is correct, complete or current.
11. Fees, refunds and cancellation
Browsing, the screener, research, calculators, the IPO calendar, the Community pages, enquiries and pre-applications are free. This website does not collect payments: money for a confirmed deal is paid only by bank transfer to the company bank account, as set out below. You may withdraw an enquiry or pre-application at any time before the desk has confirmed it in writing or, for a pre-application, before the bid has been submitted, by writing to care@buyunlistedshares.com from the contact you used with us; after that point the deal confirmation (for a deal with the desk) or the intermediary’s terms and the offer document (for an IPO bid) govern. Any fee for a separately agreed service (for example a fund-raising, ESOP or IPO-readiness consultation) is set out in a written mandate signed before work starts. Unless that mandate says otherwise, such a fee is payable in advance, is non-refundable once work has begun, and covers only the scope the mandate describes; nothing in this clause limits any refund that the law requires.
Buying from the desk: settlement and refund. After a deal is confirmed in writing, the desk shares the settlement details with you. Transfers are usually completed within a few working days of your funds clearing in our account. If the shares are not credited to your demat account within 7 working days of your funds clearing, the payment is refunded to you in full.
Selling to the desk. When you sell shares to the desk, the order and timing of the share transfer and of the payment are those set out in the written deal confirmation.
Pay only to BuyUnlistedShares. Pay only into the BuyUnlistedShares company bank account shown by our desk. Never pay a partner, agent or any individual.
12. Communications consent
Service communications. By giving us a phone number or email address with an enquiry, a pre-application, a login or an account, you consent to receive calls, SMS, WhatsApp messages and emails from GFS, BuyUnlistedShares and our service providers about that enquiry, pre-application, account or deal, and the messages the law requires us to send. You confirm that the number and email you give are yours and that you are entitled to consent for them.
Marketing only if you opt in. We send research, market updates, IPO alerts and offers only if you give a separate, optional consent, for example by ticking the unticked box “Send me research, IPO alerts and offers (optional)” on a form, at login or in your account. Not ticking it does not affect your enquiry, pre-application or account. Price and GMP alerts that you switch on in your account or browser are sent because you asked for them, and you can switch them off there.
Withdrawal. You may withdraw either consent at any time by replying STOP, by writing to care@buyunlistedshares.com, or, for marketing, by unticking the box in your account. Withdrawal does not affect messages needed to complete a pending enquiry, pre-application or deal, or to meet a legal obligation. Communications may be recorded and kept for compliance, quality and evidence.
13. No warranty
The website, all content and data on it, and every tool, including the screener, calculators, scorecards, comparisons, assessments, watchlist, allotment checker, pre-apply form and Ask AI, are provided “as is” and “as available”, without any warranty, condition or representation of any kind, express or implied, including any warranty of accuracy, completeness, timeliness, merchantability, fitness for a particular purpose, non-infringement, availability, security, or freedom from error, virus or interruption. Data may be wrong, stale, incomplete or missing; tools may miscalculate; the website may be unavailable. We do not warrant that any enquiry will be answered, any quote honoured, any security available, any bid placed or any result achieved. No oral or written statement by any staff member creates a warranty.
14. Limitation of liability
To the fullest extent permitted by law:
- GFS, BuyUnlistedShares, their proprietors, partners, directors, employees, agents, contractors and licensors (“Released Parties”) are not liable to you for any indirect, incidental, special, exemplary, punitive or consequential loss or damage, or for any loss of profit, revenue, business, opportunity, goodwill or data, loss of allotment, loss of listing gain, loss from a price move, loss from illiquidity or inability to sell, loss from a failed, late or rejected bid or mandate, loss from blocked funds, or loss from reliance on any content, data, tool or communication, however arising and even if we were told it was possible;
- the total aggregate liability of the Released Parties to you for all claims arising out of or in connection with the website, the desk, these Terms or any service, in contract, tort (including negligence), breach of statutory duty, misrepresentation or otherwise, is capped at the fees you actually paid to GFS for the specific service giving rise to the claim in the three months before the claim arose; where you have paid nothing, that cap is ₹0 (zero rupees);
- you agree that the free access to the website and the desk is provided in reliance on this clause and that it is a fair allocation of risk.
Nothing in these Terms excludes or limits any liability that cannot be excluded or limited under Indian law, including liability for fraud or fraudulent misrepresentation, and the cap above applies only to the extent the law allows. This clause does not reduce your right to receive shares you have paid for under a deal confirmation, or to the refund in clause 11 if they are not credited to your demat account within 7 working days of your funds clearing.
15. Indemnity
You agree to indemnify, defend and hold harmless the Released Parties from and against every claim, demand, action, proceeding, loss, liability, damage, penalty, fine, cost and expense (including full legal fees and the cost of responding to any regulator, exchange, registrar, bank or law-enforcement agency) arising out of or connected with: your use or misuse of the website or the desk; any breach of these Terms or of any law; any wrong, incomplete, outdated or unauthorised detail you gave, including PAN, demat, UPI or bank details; any enquiry, pre-application or bid you requested; any User Content; any claim by a third party relating to your conduct; any regulatory, tax or exchange fine, penalty or demand caused by your data, your funds or your conduct; and any infringement of a third party’s rights. We may take over the defence of any indemnified claim at your cost, and you will cooperate fully. This indemnity survives the end of your use of the website.
16. Suspension and termination
We may suspend, restrict, block or end your access to the website, the desk, the Community pages or any tool at any time, with or without notice, for any reason, including a suspected breach of these Terms, a suspected false detail, suspected fraud or money laundering, a regulatory or legal requirement, abuse of staff, or for operational reasons. We may delete your User Content, watchlist and saved data on termination. You may stop using the website at any time. Clauses 4, 5, 7, 8, 13 to 15 and 18 to 24 survive termination.
17. Changes to these Terms
We may change these Terms, the Privacy Policy, the Disclaimer and the Grievance Redressal Policy at any time by posting the revised version on this website with a new “Last updated” date. The revised version takes effect from that date. We are not obliged to notify you separately. Your continued use of the website, the desk or any tool after that date is your acceptance of the revised terms. If you do not accept a change, your only remedy is to stop using the website.
18. Force majeure
We are not liable for any failure or delay caused by anything beyond our reasonable control, including outages, suspensions or errors at any stock exchange, depository, registrar, sponsor bank, UPI application, NPCI, bank, telecom, hosting, cloud, payment or data provider; regulatory or government action; a change in law or exchange rules; strikes; fire, flood, epidemic or act of God; cyber-attack, hardware or software failure; internet or power failure; or civil disturbance, war or terrorism.
19. Assignment
GFS may assign, novate or transfer these Terms and any right or obligation under them, in whole or part, to any affiliate or to a successor or purchaser of all or part of the BuyUnlistedShares business, without your consent, and the assignee may enforce them. You may not assign or transfer any right or obligation under these Terms, and any attempt to do so is void.
20. Notices
Notices from us to you are validly given by email, SMS or WhatsApp to the details you last gave us, or by posting on this website, and are deemed received when sent. Notices from you to us must be in writing to care@buyunlistedshares.com or by post to the address in clause 25, and are effective only when actually received. It is your duty to keep your contact details current with us.
21. Governing law and jurisdiction
These Terms, and any dispute or claim (contractual or non-contractual) arising out of or in connection with them, the website or the desk, are governed by the laws of India. Subject to clause 22, the courts at Faridabad, Haryana have exclusive jurisdiction, and you irrevocably submit to that jurisdiction and waive any objection to it on the ground of venue or inconvenient forum.
22. Disputes and arbitration
- Grievance route first. Before starting any proceeding you must first raise the matter in writing under the Grievance Redressal Policy and allow the timelines there to run.
- Arbitration. Any dispute, controversy or claim that is not resolved through the grievance route within 45 days of your written complaint shall be finally resolved by arbitration under the Arbitration and Conciliation Act, 1996 (as amended) before a sole arbitrator. The arbitrator shall be appointed by mutual written agreement of the parties within 30 days of a written request by either party; failing agreement, by the court having jurisdiction under Section 11 of that Act. The seat and venue of arbitration shall be Faridabad, Haryana; the language shall be English; the arbitration may be conducted by documents and video-conference; each party shall bear its own costs and half the arbitrator’s fees unless the award directs otherwise; and the award shall be final and binding.
- Interim relief. Nothing prevents GFS from seeking an injunction or other urgent relief from any competent court to protect its intellectual property, data or confidential information, or to stop a breach of clause 6.
- Statutory forums. Nothing in this clause takes away any right that a statute gives you and that cannot be waived by contract, including any right to approach a consumer commission where the Consumer Protection Act, 2019 applies to you. Where such a forum has jurisdiction, this clause applies to the fullest extent the law allows.
23. Time limit and no class claims
To the extent permitted by law, any claim against the Released Parties must be notified to us in writing within one year of the date on which the facts giving rise to it first came to your knowledge or ought reasonably to have come to your knowledge, failing which the claim is waived; where the law prescribes a longer period that cannot be shortened by agreement, that longer period applies. To the extent enforceable under Indian law, every claim must be brought in your individual capacity and not as a plaintiff or member in any purported class, representative, collective or joint action, and the arbitrator may not consolidate claims of more than one person.
24. General
- Severability. If any provision of these Terms is held invalid or unenforceable, it will be enforced to the maximum extent permitted and the rest of these Terms remain in full force.
- No waiver. Our failure or delay in enforcing any provision is not a waiver of it or of any later breach. A waiver is effective only in writing signed by us.
- Entire agreement. These Terms, with the documents they incorporate, are the entire agreement between you and GFS about the website and the desk and replace all earlier terms, statements and understandings. Any deal with the desk is governed by its written deal confirmation, which prevails for that deal.
- No relationship. Nothing creates any agency, partnership, joint venture, fiduciary, adviser-client or broker-client relationship between you and GFS.
- Survival. Every provision that by its nature should survive, including clauses 4, 5, 7, 8, 13 to 15 and 18 to 24, survives termination or expiry of these Terms.
- Headings and language. Headings are for convenience only. If these Terms are translated, the English text prevails.
25. Contact
Gayatri Financial Synergy (BuyUnlistedShares), 2nd Floor, SCO-39, HUDA Market, Sector 7A, Faridabad, Haryana 121006 · +91 91691 65959 · care@buyunlistedshares.com · Mon–Sat, 8:30am–6pm IST