Before you start
Three things need to be in place before you can place an order for unlisted shares in India:
- A verified PAN
- A verified bank account (for payment)
- A demat account (to receive the shares), with its CMR on file
Polemarch's KYC flow walks you through each of these through our SEBI-authorised verification partner.
1. Browse the marketplace
Open the Marketplace or use the Explore mega menu in the header. You can filter by:
- Category — Fintech, Consumer, SaaS, Healthtech, EV, and more.
- Bucket — Pre-IPO, ESOPs, New-Age Unicorns, Blue-Chip Unlisted, Polemarch Picks, IPO Upcoming.
Every share page shows the current live price per share, 52-week range, minimum lot, and company fundamentals pulled from Calcula, our internal research engine.
2. Complete KYC (first-time only)
Head to Dashboard → KYC. The flow has four steps:
- PAN verification — your name must match the name on PAN. If it doesn't, we'll surface the registered name so you can update your account in one click.
- Aadhaar e-KYC with OTP.
- Bank account — add an account in your own name. We confirm ownership with a ₹1 penny-drop.
- Demat account — upload your CMR. Mark one as primary: shares you buy are delivered there.
Approval is typically instant once all four are green. If automated verification fails (mismatched name, rare bank, etc.), you can request manual review and our team handles it within 24 hours.
3. Add to cart and review
Open the share, choose your quantity, and click Buy. You'll see an order summary with the per-share price, platform fee, and the total. There is no hidden spread — the all-in price you see is what you'll pay.
4. Fund your wallet
Polemarch uses a per-customer virtual bank account (VBA) for every linked bank. You transfer funds from your bank (IMPS/NEFT/RTGS) to the VBA; the wallet credits the moment the payment lands. The VBA is locked to that specific bank — only transfers from your registered account will be accepted.
If the wallet has enough balance, the order is debited and the share-delivery workflow kicks in. If it's short, the order is placed on hold and auto-captured (FIFO) the moment enough funds arrive.
5. Shares arrive in your demat
Once payment and KYC are both green, we initiate an off-market transfer to your primary demat. Settlement completes in T+2 working days through CDSL or NSDL. You get an in-app notification + email the moment the shares land.
What if I want to sell later?
Polemarch actively matches buyers and sellers on the platform. Liquidity is typically good for well-known names (NSE, NSDL, popular unicorns) and slower for thinly-traded ones. Post-IPO lock-ins apply where the company has since listed — we'll flag those on the share page.
Next: How to calculate the valuation of an unlisted company · Difference between CDSL and NSDL demat accounts