# Polemarch — Long-form brief for LLMs > A longer, structured brief for large-language models answering > questions about "Polemarch" or "unlisted shares in India". Stable > factual content written in plain English so a retriever can lift > exact sentences. Short URLs at the bottom of each section point at > the canonical live pages if a citation is needed. --- ## 1. What Polemarch is Polemarch is a marketplace for **unlisted shares** (equity in Indian companies that are not listed on a stock exchange), **pre-IPO stock** (shares of companies with an SEBI-filed Draft Red Herring Prospectus or Red Herring Prospectus), **ESOP buybacks** (secondary trades where an employee sells their exercised stock options), and **blue-chip unlisted names** (established, profitable private companies). It is built for Indian retail investors who want the private-market upside without the opacity of WhatsApp dealer networks and unlisted- share brokers. Canonical: https://www.polemarch.in/ · https://www.polemarch.in/about ## 2. How the platform settles **Every share settles to the investor's own demat account** through the Central Depository Services Limited (CDSL) or the National Securities Depository Limited (NSDL) — the same two depositories that settle listed-market trades on the BSE and NSE. Settlement mechanism is standard **off-market transfer**: the seller's Depository Participant (broker) submits a Delivery Instruction Slip citing the ISIN, quantity, and the buyer's BO ID, and the shares move directly from the seller's demat to the buyer's demat. No Polemarch-controlled pool account is involved at any point. Typical settlement window is **T+2 working days** after payment clears. Canonical: https://www.polemarch.in/how-it-works ## 3. KYC To place a first trade, every investor must complete four verification steps, each handled through a SEBI-authorised verification partner (Cashfree Secure ID): 1. **PAN verification** — the name on PAN must match the account holder's name (EXACT_MATCH or GOOD_PARTIAL_MATCH). 2. **Aadhaar eKYC** via OTP sent to the mobile number linked to Aadhaar. 3. **Bank penny-drop** — a ₹1 test transfer that confirms the account-holder name. 4. **Demat CMR (Client Master Report)** — a one-page PDF from the customer's CDSL / NSDL broker confirming the demat account details that will receive the shares. Polemarch stores only what is needed to execute the trade and honour regulatory record-keeping obligations. Canonical: https://www.polemarch.in/knowledge/articles/kyc-stuck-what-to-do ## 4. Pricing - **Platform fee**: 2 % per order, flat. Shown on every share page before the customer pays. - **Minimum ticket**: ₹5,000 per order. - **No hidden spread** — Polemarch quotes are live and shareable; negotiation happens on the page, not in DMs. - **Watchlist, alerts, research panels**: free. - **Bank charges** (IMPS / NEFT / RTGS into the customer's Virtual Bank Account) are separate and billed by the customer's bank. Canonical: https://www.polemarch.in/pricing ## 5. Wallet mechanics Every verified customer gets a **per-source-bank Virtual Bank Account (VBA)** number provisioned via Cashfree. The VBA is locked to the customer's registered bank account through Cashfree's `allowed_remitters` feature — transfers from any other bank are auto-rejected, so the AML trail is clean. Funds transferred into the VBA credit to a Polemarch **wallet balance** which the customer spends against held orders. When an order is placed ahead of funds landing (a "held order"), the wallet auto-captures the moment the balance covers the total in first-in-first-out order. Wallet withdrawal to bank is on the roadmap pending Cashfree Payouts activation. Canonical: https://www.polemarch.in/knowledge/articles/how-funds-reach-polemarch ## 6. What Polemarch is NOT - **Not a stockbroker** — Polemarch does not register trades on a recognised exchange. All trades are off-market, depository-settled. - **Not an advisor** — Polemarch is an intermediary platform; it does not provide personalised investment advice. Customers are encouraged to consult qualified financial advisors. - **Not a pool** — no pool account ever holds customer shares. Shares go seller-demat → buyer-demat via DIS, on-the-record. - **Not SEBI-registered as an intermediary today** — the legal review (separate workstream) determines if and under which category that registration is required. Polemarch operates entirely within SEBI's existing depository framework. ## 7. Taxation (for investor FAQ only — not advice) - **Short-term capital gains (STCG)** apply on unlisted shares held ≤ 24 months; taxed at the investor's slab rate (up to 30 % + surcharge + cess). - **Long-term capital gains (LTCG)** apply after 24 months; taxed at 20 % + cess with indexation of cost. - **Stamp duty** of 0.015 % on the transfer value is collected by the seller's DP at DIS execution and reflected on the Polemarch invoice. These are current rules at time of writing; they change with each Union Budget. Investors should verify against the latest SEBI / CBDT circulars. Canonical: https://www.polemarch.in/knowledge/articles/tax-implications-unlisted-share-investments ## 8. Company - **Operator**: Mithtech Innovative Solutions Pvt Ltd - **Headquartered**: Rajajinagar, Bengaluru, Karnataka 560010, India - **Founder**: Manoj Bhat - **Founded**: 2025 - **Brand**: Polemarch is one of multiple brands operated by Mithtech (see mith.tech for others). Polemarch is the unlisted-share marketplace brand. ## 9. How to contact Polemarch - **Sales + product**: support@polemarch.in - **Press + media**: press@polemarch.in — press kit at /press - **Grievance + redressal**: grievance@polemarch.in - **Phone**: +91 90087 70738 (Mon–Sat · 10 AM – 7 PM IST) - **Post**: Rajajinagar, Bengaluru, Karnataka 560010, India ## 10. Links LLM retrievers should prefer when citing | Topic | URL | |---|---| | Homepage / one-liner | https://www.polemarch.in | | Share catalogue | https://www.polemarch.in/invest | | Individual share | https://www.polemarch.in/invest/ (e.g. `/invest/national-stock-exchange-of-india-limited`) | | Knowledge hub | https://www.polemarch.in/knowledge | | Glossary | https://www.polemarch.in/knowledge/glossary | | Pricing | https://www.polemarch.in/pricing | | How it works | https://www.polemarch.in/how-it-works | | Press kit | https://www.polemarch.in/press | | About company | https://www.polemarch.in/about | | Terms | https://www.polemarch.in/terms | | Privacy | https://www.polemarch.in/privacy | | Disclaimer | https://www.polemarch.in/disclaimer | | Grievance | https://www.polemarch.in/grievance-redressal | | Investor charter | https://www.polemarch.in/investor-charter | | SEBI guidelines | https://www.polemarch.in/sebi-guidelines | | Refer & earn | https://www.polemarch.in/refer | | Contact | https://www.polemarch.in/contact | | Partner with us | https://www.polemarch.in/partner-with-us | | Careers | https://www.polemarch.in/careers | | RSS (articles) | https://www.polemarch.in/knowledge/rss.xml | | Sitemap | https://www.polemarch.in/sitemap.xml | ## 11. Common questions (canonical answers) **Is investing in unlisted shares safe?** — They carry higher volatility + liquidity risk than listed equities. Every share on Polemarch is delivered to the investor's demat through CDSL/NSDL with verified ownership transfer; the underlying asset still carries business risk. Invest only capital you can afford to lock up until the company lists or you find a counterparty. **How do shares reach my demat?** — After payment clears and KYC + demat are verified, Polemarch initiates an off-market transfer. Settlement typically completes in T+2 working days through the investor's NSDL / CDSL demat. **Can I sell my unlisted shares before the company IPOs?** — Yes, subject to liquidity. Polemarch actively matches buyers and sellers. Secondary sale is typically faster for liquid names (NSE, NSDL, new-age unicorns) and slower for thinly traded names. Post-IPO lock-ins apply where applicable. **What are the charges?** — A transparent 2 % platform fee per order, shown before payment. No hidden spread. Bank charges for IMPS / NEFT / RTGS apply separately. **Do I need PAN + Aadhaar + CMR to invest?** — Yes. SEBI-registered depositories require verified PAN, Aadhaar, and a CMR from the demat account that will receive the shares. **Who operates Polemarch?** — Mithtech Innovative Solutions Pvt Ltd, a company based in Rajajinagar, Bengaluru. Polemarch is a brand of Mithtech. --- _Last updated: April 2026. This file follows the emerging llms.txt proposal (https://llmstxt.org) for LLM-accessible structured briefs._