Top 5 Unlisted Shares For 2026

Investing in unlisted shares gives investors a unique opportunity to build wealth before listing. An early mover advantage over other investors for tapping wealth opportunities.

What is unlisted share in India?

Unlisted shares are the equities or financial securities of companies. These can be startups or businesses that are not listed on the stock market. It is also known as the pre-IPO equity that is available for trading, and investors can easily buy or sell it.

Many HNI investors are searching for the best unlisted shares to buy in 2026. Several unlisted companies are promising healthy shareholder growth. Let's have a look at the Top 5 unlisted shares you must look for in 2026:

1)National Stock Exchange (NSE)

Established in 1992, the National Stock Exchange (NSE) is India's first and biggest stock exchange. The exchange brings all investors to a single platform to trade equity, investment assets, securities, and debt instruments.

• Although NSE revenue contracted by 13% between Q1 and Q2 FY26, profits fell 28 %. However, if we exclude the one-time provision of Rs 1,297 crore in Q2 towards colocation and dark fibre matters settlement, PAT actually grew 16% QoQ and 11% Yoy. Not just PAT Margins also remained best in class at above 75 %.

• The overall market share remains extremely high across segments. Cash at 92%, futures at 99.8%, currency at 100 %. Even with volume fluctuations, India has no parallel exchange in terms of liquidity and depth compared to NSE.

• The NSE unlisted share has not shown much movement in 2025, hovering around Rs 2000 per share, but given the financial health and market domination, it has been one of the most in unlisted shares in India.

2) OYO

Oyo is a leading global hospitality chain. The company has 157,000+ hotels and homes across 35 countries, such as India, China, Malaysia, Nepal, Indonesia, and UAE

With an asset-light business model, Oyo has recently expanded its operations in Europe & USA.

Here are some key highlights:

• The company’s consolidated adjusted EBITDA improved from Rs 859.9  crore in FY24 to Rs 1,109.1 crore in FY25.

• EBITDA margin grew from 15.5% in FY24 to17.5%.

• Growth across Europe, the US, and the Middle East. Adding 700 hotels, crossing the initial target of 200 hotels.

• Almost doubled their profits with a consolidated profit of Rs 271.8 crore in FY 25 from Rs 141.2 crore in FY 24.

The recent strategic acquisitions in the UK, USA, and Dubai signal a global expansion. If interested in buying opportunities, then Explore Here.

3)NCDEX

NCDEX is the primary commodity exchange in India and is run by a board of independent directors functioning under the rules and regulations laid by the SEBI. It competes with different commodity exchanges, primarily MCX. Despite a restricted commodity environment and low agri trading activity, NCDEX has shown financial resilience.

• Consolidated revenue from operations in H1 FY 26 was Rs 52.54 cr. compared with Rs 58.91 crore during H1 FY25. However, its other income contributed Rs 22.74 crore, increasing the overall total income to Rs 75.28 crore.

• The exceptional income of Rs 47.66 crore lifted the bottom line to a profit after tax of Rs 7.02 crore.

• Although the current financials may reflect stagnation or decline, NCDEX is taking new business initiatives, beyond its agri trading activities, like entering into mutual funds and investing in Sri Lankan Exchange.

In 2025, the NCDEX Unlisted Share has grown 2.5 times from Rs 195 in January 25 to Rs 480 in December 25, proving consistently positive investor sentiment. Check here.

4)SBI Mutual Fund

SBI Funds Management Ltd (SBIFML), the asset management arm jointly owned by the State Bank of India and French investment major Amundi India Holding, has become one of the most talked-about names in India’s unlisted share market.

• In the last 2 years, the SBI Mutual Fund Unlisted share has grown by 2.5 times from Rs. 1100 in 2023 to Rs. 2730 per share in 2025.

• The financials have reflected the same trend, as reflected in the table below

• The Return on Equity (ROE) has improved from 24.5% in 2023 to 30.5% in 2025. Net profit margin has increased from 55% to 60% in the same period.

All these factors make SBI Mutual Fund Unlisted Shares a high-growth, high-return prospect for investors

5)Power Exchange India Limited (PXIL)

Power Exchange Limited (PXIL) is an electronic platform for trading electricity. It acts as an intermediary between electricity buyers and sellers.

• Established in 2008 through a public-private initiative, PXIL has enhanced the overall efficiency of power markets in India by accurately and seamlessly connecting the stakeholders of the electricity sector.

• Companies like NSE, NCDEX and Power are key investors in this company. Its revenue has grown by 47% YoY and profit by 56% YoY. Holding around 15-20% market share in India’s power exchange industry, PXIL competes with Indian Energy Exchange as its main competitor.

• The PXIL unlisted share has grown from Rs 335 on April 25 to Rs 583 on January 26, attracting significant investor attention, making it a talk of the town.

How can you gain by investing in the unlisted shares?

Buying early is the key to maximising profits when it comes to Unlisted Pre-IPO shares. These are always available at a lower cost than listed peers. So, by investing early in Unlisted Pre-IPO shares of a company, you stand a chance of multiplying your returns significantly once the company is officially listed on the stock exchange (NSE/BSE).

This presents a significant opportunity to quickly multiply your investment, and it could be the perfect time to acquire them at lower valuations compared to their listed counterparts.

Stockify can give you access to valuable information and analysis on unlisted companies. With their seamless UI, they even make the trading process simple and easy. This is the biggest reason why it is one of India’s most trusted investing platforms. So, don’t wait! Invest today!

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