We can’t support purchasing of unlisted, Sebi’s regulations block it.
Buying unlisted is super risky, I don’t think normal people should get into it. But if you do wish, I guess there are few websites that are enabling it. Don’t want to name them.
Uh !! But there is one stock which practically represent whole echo system, unless SEBI itself get listed one day !! )
Now problem is with certain third party website which are allowing such buying, made some FURUs as their promotion partner, which I highly don’t trust, hence we need Zerodha to pitch in !!
Hope SEBI will understand the importance of it one day & it can empower retail further.
The fact that such a security is not offered on reputed / regulated markets,
looks like a sufficient indicator of the undue risk involved.
a. It is NOT a listed stock.
b. It is being promoted by untrustworthy FURUs (Fake-Gurus). (BTW, good Job catching this already )
c. Regulated entities like SEBI and Zerodha do not offer such unregulated risky securities.
@Anirban_Chatterje What exactly do you envision Zerodha or SEBI to do about it,
if the owner/promoter of such a security,
is not ready to comply with the necessary regulations
to ensure basic transparency, financial compliance
and be listed?