Unlisted Guru

Important Legal Notice

Our Website's Disclaimer

Please read this disclaimer carefully before using any information provided on UnlistedGuru

Last Updated: July 2025

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General Disclaimer

The information contained on UnlistedGuru (https://unlistedguru.com) is provided for general informational and educational purposes only. All content on this website, including but not limited to text, graphics, images, data, share prices, company analysis, research reports, and other materials, is provided on an "as is" and "as available" basis.

UnlistedGuru makes no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability, or availability of the information, products, services, or related graphics contained on the website for any purpose.

CRITICAL NOTICE: Any reliance you place on information from UnlistedGuru is strictly at your own risk. We shall not be held responsible for any loss, damage, or adverse consequences arising from the use of or reliance on any information provided on this website.

By continuing to use this website, you acknowledge and accept the terms set forth in this Disclaimer, our Terms of Use, and our Privacy Policy.

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Not Financial or Investment Advice

IMPORTANT: Nothing on this website constitutes financial advice, investment advice, legal advice, tax advice, or any other form of professional advisory service. UnlistedGuru is NOT a SEBI-registered investment advisor, research analyst, broker, or dealer.

The content published on UnlistedGuru, including articles, analysis, share price data, company profiles, and market commentary on unlisted shares and pre-IPO stocks, is intended solely for informational purposes. Specifically:

  • Our content does NOT constitute a recommendation or solicitation to buy, sell, or hold any unlisted share, pre-IPO stock, or any other security
  • We do NOT provide personalized investment advice tailored to your individual financial situation, risk tolerance, or investment objectives
  • Any opinions, analysis, or views expressed on this website are those of the respective authors and do NOT represent professional financial guidance
  • We are NOT responsible for any trading or investment decisions made by users based on information on this website
  • You should ALWAYS consult with a qualified, SEBI-registered financial advisor, chartered accountant, or legal professional before making any investment decisions
Key Takeaway

All investment decisions are solely your responsibility. UnlistedGuru provides information only — never as a substitute for professional financial advice. The unlisted market is largely unregulated and carries inherent risks that may not be suitable for all investors.

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Investment Risks in Unlisted Shares

Investing in unlisted shares and pre-IPO stocks involves substantial risk. Before investing, you must understand the following risks:

Capital Loss Risk
You may lose part or all of your invested capital. Unlisted shares can become worthless.
Liquidity Risk
Unlisted shares are illiquid. You may not be able to sell when you want or at your desired price.
Valuation Risk
There is no standardized pricing mechanism. Valuations can vary significantly between sources.
Regulatory Risk
Unlisted shares are not regulated by stock exchanges. Limited investor protection compared to listed securities.
Information Risk
Unlisted companies have limited disclosure requirements. Financial data may be incomplete or outdated.
IPO Uncertainty
Pre-IPO companies may delay, modify, or cancel their IPO plans without prior notice.

Additional Risks Include:

  • Counterparty Risk: Risk of the other party in a transaction defaulting on their obligations
  • Transfer Risk: Complications in transferring ownership of unlisted shares
  • Fraud Risk: Higher potential for fraudulent schemes in the unlisted market due to limited oversight
  • Taxation Risk: Complex tax implications for unlisted shares that may change with new regulations
  • Dilution Risk: Companies may issue additional shares, diluting your holding and value
  • Business Risk: Unlisted companies may face operational challenges, financial difficulties, or failure
  • Market Risk: Broader economic conditions can adversely affect the value of unlisted securities
Risk Warning: Only invest money that you can afford to lose entirely. Unlisted shares should typically represent a small portion of a diversified investment portfolio, if included at all.
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Accuracy of Information

While UnlistedGuru strives to provide accurate and up-to-date information about unlisted shares, pre-IPO companies, and the unlisted market, we cannot guarantee the accuracy, completeness, or timeliness of any information on this website.

  • Information may contain errors, inaccuracies, or omissions despite our best efforts to verify data
  • Data about unlisted companies is sourced from publicly available records, third-party providers, and industry research — we do not independently audit this information
  • Company financials, revenue figures, profit data, and other metrics presented are based on available data and may not reflect the current financial position of the company
  • Information may become outdated between updates, and we are under no obligation to update any information on the website
  • Any typographical errors, technical glitches, or data discrepancies are unintentional and will be corrected when brought to our attention
Due Diligence: We strongly recommend that you independently verify all information before making any investment decision. Cross-reference data with official sources like the MCA (Ministry of Corporate Affairs), company filings, and SEBI disclosures.
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Unlisted Share Prices & Valuations

Share prices and valuations displayed on UnlistedGuru are indicative in nature and subject to the following important disclaimers:

  • Prices shown are approximate market rates based on available data from various sources in the unlisted market
  • Actual buy/sell prices may differ significantly from the prices displayed on our website
  • Unlike listed shares, unlisted share prices are NOT determined by a regulated stock exchange
  • Prices can fluctuate rapidly and may change without prior notice
  • We do NOT guarantee that you will be able to buy or sell unlisted shares at the prices shown on our website
  • Bid-ask spreads in the unlisted market are typically wider than those in listed markets
  • Price data may be delayed and may not reflect real-time market conditions
Understanding Unlisted Prices

The unlisted share market in India operates through an over-the-counter (OTC) mechanism. There is no centralized exchange, order book, or standardized pricing. Prices shown on UnlistedGuru are compiled from market participants and should be used as reference points only, not as guaranteed trading prices.

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No Guarantee of Returns

UnlistedGuru does NOT guarantee any returns on investment. Past performance of any unlisted share, pre-IPO stock, or company featured on this website is NOT indicative of future results.

Please understand the following:

  • Historical price movements and trends are NOT reliable predictors of future performance
  • Any projections, forecasts, or estimates mentioned on this website are purely speculative and based on assumptions that may or may not materialize
  • A company's successful IPO in the past does NOT mean other unlisted companies will have similar outcomes
  • Positive company fundamentals or growth metrics do NOT guarantee share price appreciation
  • The value of unlisted shares can go down as well as up, and you may receive less than your original investment
  • Dividends on unlisted shares are NOT guaranteed and are at the sole discretion of the company
Past Performance Disclaimer: Any references to past returns, historical data, or performance track records are provided for informational context only. They should NOT be construed as a promise or guarantee of comparable future returns.
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Forward-Looking Statements

Certain content on UnlistedGuru may contain forward-looking statements that involve known and unknown risks, uncertainties, and other factors. These statements may include:

  • Projections of company revenue, earnings, or growth
  • Anticipated IPO timelines and expected listing prices
  • Industry trends, market size estimates, and sector growth forecasts
  • Expected business developments, expansions, or strategic initiatives
  • Estimated valuations and price targets for unlisted shares

Forward-looking statements are identified by words such as "may," "will," "expect," "anticipate," "believe," "estimate," "project," "forecast," "potential," and similar expressions.

These statements are based on current expectations and assumptions, which are subject to risks and uncertainties that could cause actual results to differ materially from those projected. UnlistedGuru undertakes no obligation to update any forward-looking statements.
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Regulatory Compliance & SEBI Disclaimer

REGULATORY NOTICE

UnlistedGuru wishes to make the following regulatory disclosures clear to all users:

  • UnlistedGuru is NOT registered with the Securities and Exchange Board of India (SEBI) as an Investment Advisor, Research Analyst, Portfolio Manager, or in any other capacity
  • We do NOT hold any license or registration from SEBI, RBI, or any other financial regulatory authority to provide investment advisory services
  • We do NOT manage, handle, or have custody of any client funds or securities
  • We do NOT execute trades or transactions on behalf of any user
  • Our website should NOT be considered as a platform for offering or distributing securities

Users are responsible for ensuring that their investment activities comply with all applicable laws and regulations, including but not limited to:

  • Securities and Exchange Board of India (SEBI) Act, 1992
  • Companies Act, 2013
  • Foreign Exchange Management Act (FEMA), 1999
  • Income Tax Act, 1961 (for taxation of unlisted share gains)
  • Prevention of Money Laundering Act (PMLA), 2002
  • Any other applicable local, state, or central laws
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Third-Party Content & External Links

Our website may contain references to, links to, or content sourced from third-party websites, services, and data providers. Regarding third-party content:

  • UnlistedGuru does NOT endorse, verify, or guarantee the accuracy of any third-party content, products, or services
  • We are NOT responsible for the content, privacy practices, or security of any external websites linked from our platform
  • Third-party data, including company financials, news, and analysis, is reproduced in good faith but without independent verification
  • Any logos, trademarks, or brand names of companies mentioned on our website belong to their respective owners
  • References to specific companies, stocks, or securities are for informational purposes only and do not constitute endorsement
  • We may display advertisements from third-party advertisers — these do NOT imply our endorsement of their products or services
We encourage you to review the terms, conditions, and disclaimers of any third-party website before relying on their information or services. You access external links entirely at your own risk.
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No Professional Relationship

Your use of UnlistedGuru does NOT create any professional relationship between you and UnlistedGuru. Specifically:

  • No Advisor-Client Relationship: Using our website does not establish a financial advisor-client, attorney-client, or any other professional-client relationship
  • No Broker-Dealer Relationship: UnlistedGuru does not act as a broker, dealer, or intermediary in any securities transaction
  • No Fiduciary Duty: We owe no fiduciary duty to any user. We do not act in the capacity of a fiduciary or trustee
  • No Agency Relationship: Nothing on this website creates an agency, partnership, joint venture, or employment relationship between you and UnlistedGuru
  • No Personalized Service: Content on our website is general in nature and is not tailored to any individual's specific financial circumstances
For personalized investment advice, tax planning, or legal counsel related to unlisted shares, please engage a qualified professional who can assess your individual situation.
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Website Availability & Technical Disclaimer

UnlistedGuru strives to maintain consistent website availability, but we do NOT guarantee uninterrupted, error-free, or secure access to our website at all times.

  • The website may experience downtime, outages, or interruptions due to maintenance, updates, server issues, or circumstances beyond our control
  • We are NOT liable for any losses resulting from temporary or permanent unavailability of the website
  • The website may contain technical inaccuracies, bugs, or typographical errors that may affect data display
  • We do NOT warrant that our website is free from viruses, malware, or other harmful components
  • We reserve the right to modify, suspend, or discontinue any part of the website or its features at any time without prior notice
  • Users are responsible for ensuring they have adequate antivirus protection and internet security when accessing our website
We recommend using updated browsers and stable internet connections for the best experience on UnlistedGuru. For any technical issues, please contact our support team.
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Limitation of Liability

To the maximum extent permitted by applicable Indian law, UnlistedGuru, its owners, directors, officers, employees, agents, partners, and affiliates shall NOT be held liable for any direct, indirect, incidental, consequential, special, exemplary, or punitive damages whatsoever.

This limitation of liability applies to, but is not limited to, damages arising from:

  • Investment Losses: Any financial losses from buying, selling, or holding unlisted shares or pre-IPO stocks based on information from this website
  • Data Inaccuracy: Errors, inaccuracies, or omissions in share prices, company data, financial metrics, or analysis
  • Missed Opportunities: Failure to capitalize on investment opportunities due to delayed, incomplete, or incorrect information
  • Third-Party Actions: Actions, products, or services of any third party referenced or linked from our website
  • Technical Issues: Website downtime, data loss, security breaches, or technical malfunctions
  • User Conduct: Actions of other users or unauthorized access to your information
  • Regulatory Changes: Changes in laws, regulations, or government policies affecting the unlisted market

In any event, the total aggregate liability of UnlistedGuru shall not exceed ₹1,000 (Indian Rupees One Thousand) or the amount paid by you to UnlistedGuru in the 12 months preceding the claim, whichever is greater.

Some jurisdictions may not allow the exclusion or limitation of certain damages. In such cases, our liability shall be limited to the maximum extent permitted by applicable law.
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Indemnification

You agree to indemnify, defend, and hold harmless UnlistedGuru and its owners, directors, officers, employees, agents, and affiliates from and against any and all claims, liabilities, damages, losses, costs, and expenses (including reasonable legal fees) arising out of or related to:

  • Your use of or reliance on any information provided on this website
  • Your investment decisions or trading activities related to unlisted shares
  • Your violation of this Disclaimer, our Terms of Use, or any applicable laws
  • Your infringement of any third-party intellectual property or other rights
  • Any misrepresentation made by you regarding your eligibility, authority, or identity
  • Any content you submit, publish, or transmit through or to the website
  • Any disputes between you and other users or third parties arising from use of this website

This indemnification obligation shall survive the termination of your use of our website.

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Changes to This Disclaimer

UnlistedGuru reserves the right to update, modify, or replace this Disclaimer at any time without prior notice. When changes are made:

  • The "Last Updated" date at the top of this page will be revised accordingly
  • Material changes may be highlighted through a prominent notice on the website
  • Your continued use of the website after any modifications constitutes your acceptance of the revised Disclaimer
  • It is your responsibility to review this page periodically for any changes
We recommend bookmarking this page and checking it regularly. If you disagree with any changes to this Disclaimer, please discontinue use of our website immediately.
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Contact Us

If you have any questions, concerns, or feedback regarding this Disclaimer, or if you believe any information on our website is inaccurate and needs correction, please contact us:

Get in Touch with UnlistedGuru

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Response Time Within 12 hours (business days)
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