Hindustan Power Exchange Limited (HPX India)

Buying unlisted shares of HPX typically follows a simple process:

1. Confirm your booking with the platform at the quoted trading price.

2. Submit KYC documents - PAN card, Client Master Report (CMR), and a cancelled cheque (if funds aren't being transferred from the account mentioned in your CMR).

3. Transfer the payment to the bank account shared with you via RTGS/NEFT/IMPS only — no cash deposits are accepted.

4. Ensure the payment is made from the same account where the shares will eventually be credited.

5. Once funds are received (usually before the day's cut-off), shares are transferred to your demat account within 24 hours.

Note: Shares of HPX bought pre-IPO carry a lock-in period of 6 months from the date of listing, so they can't be sold until that period ends

1. Get a price confirmation for your HPX holding.

2. Transfer the shares to the buyer's demat account using their client master details.

3. Share your bank details once the shares are received.

4. Funds are credited to your account, typically within 24 hours of the shares being received.

5. Payment is made via RTGS/NEFT/IMPS/cheque, and only to the bank account linked to your demat account (or a verified account in your name).

Note: Quoted buying prices are usually valid for a short window (e.g., 3 days); beyond that, the price is revised based on the day the shares are actually received.

A Delivery Instruction Slip (DIS) is used to transfer shares out of your demat account.

• Offline DIS: A physical form submitted to your broker, listing the ISIN, company name, quantity, consideration amount, and target DP ID/Client ID.

• Online DIS: Some brokers offer a digital transfer facility where you add a beneficiary and complete the transfer online instead of on paper.

Valuations are generally arrived at using two approaches:

1. Latest funding round — using HPX's most recent capital raise as a benchmark.

2. Peer comparison — where recent funding data isn't available, comparing HPX to similar listed businesses in the power/exchange space to estimate fair value.