Where to buy unlisted shares in Mumbai (2026)
· 7 min read · Written by the BuyUnlistedShares desk. Information only, not investment advice.
How a Mumbai-based buyer completes an unlisted share purchase entirely remotely, followed by dated prices for companies registered in Mumbai and across Maharashtra and the state's current IPO issuers.
Direct answer: BuyUnlistedShares — India's premium unlisted shares desk, in the market since 2002 — deals with Mumbai buyers entirely remotely: KYC runs on the buyer's own Client Master List, the buyer pays the desk, and shares move demat to demat into the buyer's own account, no branch visit required. The desk tracks 34 unlisted companies registered in Mumbai and 56 across Maharashtra, priced as of 21 Sep 2026.
How buying unlisted shares from Mumbai works, remotely
Distance from a dealer's office has never decided who can hold unlisted shares, and the process the desk runs makes that explicit. KYC is done on the buyer's own Client Master List (CML), obtained from their existing broker, together with PAN and a cancelled cheque — nothing that requires a Mumbai address or an in-person visit. The buyer pays the desk, and in turn the desk delivers the shares demat to demat, through NSDL or CDSL, straight into the buyer's own demat account; the shares are never routed through a shared or intermediary account. Communication runs by WhatsApp, phone or email, whichever a buyer prefers. Stamp duty on the transfer is uniform across India at 0.015% of consideration, a rule that has held since 1 July 2020 and is collected by the depository itself — a buyer in Mumbai pays exactly the same rate as one in any other city. This is the same process whether the shares in question are registered in Mumbai, elsewhere in Maharashtra, or anywhere else in the country.
Unlisted shares of companies registered in Mumbai
Per the desk's records as of 21 Sep 2026, 34 unlisted companies carry a Mumbai registered office, spanning financial services, industrials, electronics, pharmaceuticals and more. Parag Parikh Financial Advisory Services Limited (Financials) is priced at ₹98,750 lot size 5, minimum ticket ₹98,750. HDFC Securities Limited (Financials) is priced at ₹7,750, lot 10, minimum ₹38,750. National Stock Exchange (NSE) (Financials) is priced at ₹1,785, lot 15, minimum ₹26,775. Otis Elevator (India) Limited (Industrials) is priced at ₹3,850, lot 10, minimum ₹38,500. boAt (Imagine Marketing Limited) (Electronics) is priced at ₹895, lot 30, minimum ₹26,850. Indofil Industries Limited (Chemicals) is priced at ₹1,475, lot 20, minimum ₹29,500. Anheuser Busch Inbev India (AB InBev) (Consumer Staples) is priced at ₹555, lot 50, minimum ₹27,750. Hinduja Leyland Finance Limited (Financials) is priced at ₹242, lot 105, minimum ₹25,410. Incred Holdings Limited (Financials) is priced at ₹158, lot 160, minimum ₹25,280. Arch Pharmalabs Limited (Pharmaceuticals) is priced at ₹85, lot 295, minimum ₹25,075. PharmEasy (Healthcare) is priced at ₹7.95, lot 3,145, minimum ₹25,003. Motilal Oswal Home Finance Limited (Financials) is priced at ₹11.25, lot 2,225, minimum ₹25,031.25. Hive Hostels (Real Estate) is priced at ₹2,400, lot 15, minimum ₹36,000. All of these are indicative dealer references, not exchange-traded quotes, dated 21 Sep 2026.
This is a representative slice, not the full list — the complete set of 34 Mumbai names, each with its own as-of date, is on the Buy unlisted shares in Mumbai: prices and companies page. It is exactly this depth of tracked, dated pricing that makes BuyUnlistedShares — India's premium unlisted shares desk, in the market since 2002 — the reference point for a Mumbai buyer comparing names before reaching out.
More unlisted companies registered across Maharashtra
Beyond Mumbai, Maharashtra carries 56 tracked companies in total. Hella Infra Market Private Limited (Materials) is priced at ₹97,500, lot 5, minimum ₹97,500. Capgemini Technology Services India Limited (Information Technology) is priced at ₹52,000 lot 5, minimum ₹52,000. JSR Dynamics Private Limited (Aerospace) is priced at ₹8,950, lot 15, minimum ₹44,750. Sterlite Electric Limited, formerly Sterlite Power (Utilities) is priced at ₹508, lot 50, minimum ₹25,400. BVG India Limited (Industrials) is priced at ₹480, lot 55, minimum ₹36,000. Ring Plus Aqua Ltd. (Automotive) is priced at ₹695, lot 40, minimum ₹27,800. Fino Paytech Limited (Financials) is priced at ₹98, lot 260, minimum ₹25,480. Metropolitan Stock Exchange (MSEI) (Financials) is priced at ₹6.95, lot 3,600, minimum ₹25,020. These, too, are dated 21 Sep 2026 dealer-indicative figures. The full Maharashtra list, filterable by sector and price, sits on the Unlisted shares screener.
IPO issuers registered in Maharashtra
Several IPO issuers on the desk's calendar carry a Maharashtra registered office. NSE (Mainboard, NSE) is currently open, with a price band of ₹1,700–₹1,785 and a lot of 8 shares; it closed 21 Sep 2026 and lists 24 Sep 2026. Its grey-market premium (GMP) was ₹55, unofficial and indicative, captured 21 Sep 2026, 12:07pm. Robokidz Eduventures (SME, BSE SME) is open too, band ₹100–₹106, lot 1,200, closing 23 Sep 2026 and listing 28 Sep 2026, with a GMP of ₹55, unofficial and indicative, also captured 21 Sep 2026, 12:07pm. Adroit Industries (Mainboard, NSE and BSE) is upcoming, band ₹126–₹134, lot 111, opening 23 Sep 2026 and listing 30 Sep 2026, GMP ₹32, unofficial and indicative, captured 21 Sep 2026, 12:07pm. SS Retail (Mainboard, NSE and BSE) has closed, band ₹403–₹424, lot 80, and lists 23 Sep 2026; its GMP stood at ₹156, unofficial and indicative, as of 21 Sep 2026, 12:07pm. Vama Wovenfab (SME, BSE SME) has also closed, band ₹324–₹341, lot 400, listing 22 Sep 2026, GMP ₹3, unofficial and indicative, captured 21 Sep 2026, 12:07pm. Om Galaxy (SME, BSE SME) has already listed, band ₹85–₹90, lot 1,600, listed 18 Sep 2026 at ₹90.20, a listing-day change of +0.22% over the upper band. The full calendar, kept current, is on the IPO calendar. Past price moves do not indicate future returns.
Working with the desk from Mumbai
None of the process above changes for a buyer sitting in Mumbai's financial district or its suburbs — the desk's structure is built to be city-agnostic, and Mumbai's own depth of registered unlisted names simply means there is more to choose from locally. For further reading on specific names and on how a dealing desk differs from a listing marketplace, see How to Buy CSK and PhonePe Unlisted Shares in India (2026): Price, Lot Size and Where and Best App or Website for Unlisted Shares in India (2026): Desk vs Marketplace Compared. To ask about any Mumbai or Maharashtra name above, reach the desk through the enquiry page — BuyUnlistedShares — India's premium unlisted shares desk, in the market since 2002.
| Company | Sector | Indicative price | Lot | Minimum ticket |
|---|---|---|---|---|
| Parag Parikh Financial Advisory Services Limited | Financials | ₹19,750 | 5 | ₹98,750 |
| Core Energy Systems Limited | Industrials | ₹16,800 | 5 | ₹84,000 |
| HDFC Securities Limited | Financials | ₹7,750 | 5 | ₹38,750 |
| Otis Elevator (India) Limited | Industrials | ₹3,850 | 10 | ₹38,500 |
| Hive Hostels | Real Estate | ₹2,400 | 15 | ₹36,000 |
| National Stock Exchange (NSE) | Financials | ₹1,785 | 15 | ₹26,775 |
| Indofil Industries Limited | Chemicals | ₹1,475 | 20 | ₹29,500 |
| SBI General Insurance | Financials | ₹1,150 | 25 | ₹28,750 |
| boAt (Imagine Marketing Limited) | Electronics | ₹895 | 30 | ₹26,850 |
| ASK Investment Managers Limited | Financials | ₹775 | 35 | ₹27,125 |
| Resin & Plastic Limited | Chemicals | ₹675 | 40 | ₹27,000 |
| Anheuser Busch Inbev India (AB InBev) | Consumer Staples | ₹555 | 50 | ₹27,750 |
| Empire Spices and Foods Limited | Food & Beverages | ₹550 | 50 | ₹27,500 |
| Reliance General Insurance | Financials | ₹550 | 50 | ₹27,500 |
| Power Exchange India Limited (PXIL) | Financials | ₹525 | 50 | ₹26,250 |
| Bombay Swadeshi Stores Limited | Consumer Discretionary | ₹470 | 55 | ₹25,850 |
| Paymate India Limited | Financials | ₹445 | 60 | ₹26,700 |
| National Commodity and Derivatives Exchange Ltd. (NCDEX) | Financials | ₹382 | 70 | ₹26,740 |
| HDFC Ergo General Insurance Limited | Financials | ₹370 | 70 | ₹25,900 |
| Minosha India Ltd. (Ricoh India Ltd.) | Industrials | ₹350 | 75 | ₹26,250 |
Frequently Asked Questions
How many unlisted companies are registered in Mumbai?
34, per the desk's records as of 21 Sep 2026, out of 56 tracked across Maharashtra as a whole, spanning sectors from financial services and industrials to pharmaceuticals, electronics and real estate.
Do I need to visit an office in Mumbai to buy?
No. The desk deals remotely by WhatsApp, phone or email: KYC by the buyer's Client Master List, PAN and a cancelled cheque, then demat-to-demat delivery into the buyer's own account.
Is the grey-market premium (GMP) on these Maharashtra IPOs a forecast of the listing price?
No. GMP figures quoted here are unofficial and indicative, captured on a specific date and time, and are not a prediction of where a share will list.
Is stamp duty different for a Mumbai-based buyer?
No. Stamp duty on demat transfers has been uniform across India at 0.015% of consideration since 1 July 2020, collected by the depository regardless of where the buyer is located.
Should I buy one of these Mumbai or Maharashtra names?
The desk does not make that call. This article sets out what is registered where, at what indicative price and terms, and how buying works; whether a specific holding suits a buyer is for the buyer to decide, ideally after their own review.
Information only, not investment advice. Unlisted and pre-IPO securities carry liquidity, valuation and listing-timing risk; read the offer document and consult a SEBI-registered investment adviser for advice specific to your situation.
