Big Basket Unlisted Share

BigBasket unlisted shares are equity shares of Supermarket Grocery Supplies Pvt Ltd that are not traded on a recognised stock exchange. Investors who want to buy them generally purchase shares through an authorised intermediary or through an eligible off-market transaction. Before investing, it is important to verify the current share price, ISIN, transaction terms, shareholding documents, and applicable transfer requirements.

Selling BigBasket unlisted shares is different from selling shares through a stock exchange. Since there is no regular exchange market for these shares, the seller generally needs to find an eligible buyer or use an intermediary that facilitates unlisted share transactions. The shares may then be transferred through the applicable demat and off-market transfer process, subject to the company's Articles and other applicable requirements.

A lock-in can apply to pre-IPO shares after a company gets listed, depending on the applicable SEBI regulations and the nature of the shares held. Under the current framework, the entire pre-issue capital of shareholders is generally subject to a six-month lock-in from the date of listing, subject to applicable exemptions and regulatory conditions. Investors should check the final offer documents and applicable rules rather than assuming that every share has the same lock-in.

There is no single universal minimum investment amount for BigBasket unlisted shares. The minimum quantity or ticket size can vary depending on the seller, intermediary, transaction structure, and prevailing market availability. Investors should confirm the current lot size, per-share price, and all applicable transaction charges before placing an order.

Unlisted shares held in dematerialised form can generally be transferred through an off-market transaction between demat accounts. Depending on the depository and broker, the transfer may involve a Delivery Instruction Slip (DIS) or an online transfer facility. Investors should ensure that the beneficiary details, ISIN, quantity, and transfer instructions are entered correctly before authorising the transaction.

A Delivery Instruction Slip, commonly called a DIS, is an instruction given to a Depository Participant to transfer securities from one demat account to another. When an off-market sale is completed using a DIS, the investor authorises the transfer of the specified shares to the buyer's demat account. The exact process can vary between depositories and brokers, so investors should follow their DP's instructions.

Buying and selling unlisted shares is not, by itself, illegal in India. However, such transactions must comply with applicable company law, securities regulations, depository procedures, and tax requirements. Investors should also check whether any restrictions on transfer apply under the company's Articles of Association or the relevant share documents before completing a transaction.

Profit from selling unlisted shares is generally treated as capital gains, with the applicable tax treatment depending on factors such as the holding period and the nature of the transaction. Under current income-tax rules, unlisted shares generally qualify as long-term capital assets when held for more than 24 months. For transfers on or after July 23, 2024, long-term capital gains under the applicable Section 112 provisions are generally taxed at 12.5% without indexation. Tax rules can differ based on the investor and transaction, so the latest tax provisions should be checked before filing an ITR.

If unlisted shares are sold before completing the applicable 24-month holding period, the gain is generally treated as short-term capital gain. The taxable gain is broadly calculated by comparing the sale consideration with the applicable cost of acquisition and considering the relevant tax provisions. The resulting gain is then taxed according to the rules applicable to the investor.

If the company eventually lists its shares on a recognised stock exchange, the shares may transition from the unlisted market to the listed market, subject to the terms of the listing and applicable regulations. However, listing does not guarantee a particular market price or profit. Pre-IPO investors should also consider any applicable lock-in period before expecting to sell their shares immediately after listing.