Unlisted shares on a high with rising investor interest

WITH INTEREST IN the unlisted space growing, several smaller firms are deploying innovative ways to tap small investors. These include benchmarks to track the direction of the space, like the Sensex and the Nifty, and low-ticket investment value.

- SURENDER NEGI

There are at least two benchmarks for the unlisted space, first of which is by a company called Wealth Wisdom India with 40 stocks in its Primex 40 Index. As per information available on its website, the index was launched in 2023 with a base of 10,000 and is currently at 3,794, a 2.27x appreciation in about 19 months. The firm claims that the index is the country's first live private market index, with real-time prices of the shares. Some of the well-known names in the index include Boat, Capgemini, NSE India, Tata Capital, and PharmEasy. The weightage of the stocks in the basket is capped at 10% to prevent excessive concentration and promote diversification.