What is listed and unlisted shares?

Listed shares are shares that can be publicly traded on the stock exchange, while unlisted shares can be traded over the counter.

Features of listed shares:

• Trading regulated by SEBI and exchanges.
• High liquidity.
• Easy and immediate exit route available.
• Online trading through web or broker App.
• Investment can start with a minimum one share except for SME stocks.

Features of unlisted shares:

• Governed by Companies Act.
• Wait period for exit may be long.
• Minimum investment amount is generally high.
• Trading is done mostly over phone calls.