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Unlisted Share Glossary
The terms you will meet when you buy or sell unlisted and pre-IPO shares.
- Unlisted share
- A share of a company that is not listed on a stock exchange.
- Pre-IPO share
- A share bought before the company lists through an IPO.
- Delisted share
- A share that was once listed on an exchange and has been removed.
- DRHP (Draft Red Herring Prospectus)
- The draft offer document a company files with SEBI before an IPO.
- RHP (Red Herring Prospectus)
- The near-final offer document filed before an IPO opens.
- ISIN
- A 12-character code that identifies a security.
- Demat account
- An account that holds shares in electronic form.
- Off-market transfer
- Moving shares between demat accounts outside an exchange trade.
- Lock-in
- A period during which shares cannot be sold.
- ROFR (Right of First Refusal)
- A right to buy shares before they are sold to someone else.
- ESOP (Employee Stock Option Plan)
- A plan that lets employees buy company shares at a set price.
- Face value
- The nominal value printed on a share.
- CIN (Corporate Identification Number)
- A unique registration number for a company in India.