HDFC Securities Ltd unlisted shares traded at ₹7,719.67 as of 29 September 2026, down approximately 14.51% year-to-date against a 52-week high of ₹10,137.50. Here is what the current price data, financials, and market structure tell you before you commit any capital.
Before We Dive In:
- HDFC Securities Ltd unlisted shares were quoted at ₹7,719.67 as of 29 September 2026, down ~14.51% year-to-date
- Q1 FY27 revenue rose 30.3% YoY to ₹949.85 crore, with EBITDA margin widening to 74.15% from 65.65%
- All prices are indicative OTC quotes, not tradeable rates; HDFC Securities Ltd is not listed on NSE or BSE
- SEBI mandates a six-month lock-in on unlisted shares acquired before any IPO, limiting your exit options
- Precize lists HDFC Securities Ltd shares with demat transfer in 24-48 business hours, minimum ₹10,000
Quick Overview:
- HDFC Securities Ltd unlisted shares were quoted at ₹7,719.67 as of 29 September 2026, down ~14.51% year-to-date
- Q1 FY27 revenue rose 30.3% YoY to ₹949.85 crore, with EBITDA margin widening to 74.15% from 65.65%
- Shares are not listed on NSE or BSE; all prices are indicative OTC quotes, not tradeable rates
- SEBI mandates a six-month lock-in on unlisted shares acquired before any IPO, limiting your exit flexibility
- Precize lists HDFC Securities Ltd shares with demat transfer in 24-48 business hours and a ₹10,000 minimum investment
TLDR:
- HDFC Securities Ltd unlisted shares were quoted at ₹7,719.67 as of 29 September 2026, down ~14.51% YTD
- Q1 FY27 revenue rose 30.3% YoY to ₹949.85 crore, with EBITDA margin widening to 74.15% from 65.65%
- Shares trade OTC only; all prices are indicative quotes, not exchange-tradeable rates
- SEBI mandates a six-month lock-in on unlisted shares acquired before any IPO, limiting exit flexibility
- Precize lists HDFC Securities Ltd shares with demat transfer in 24-48 business hours, minimum ₹10,000
What Is HDFC Securities Ltd?
HDFC Securities Ltd (HSL) was founded in 2000 as a wholly owned subsidiary of HDFC Bank, and over the past 25 years it has grown into one of India's most recognized stock broking firms. Its core business spans retail and institutional broking, equity research, margin funding, and wealth management, serving both individual investors and large institutions.
The company operates across more than 130 branches and offers trading access through online portals, mobile apps, telephone services, and physical locations. Its deep integration with HDFC Bank's banking ecosystem gives it a distribution advantage that most standalone brokers struggle to replicate.
HSL generates revenue from brokerage commissions, interest income from margin funding, and fees from research and advisory services. That diversification sets it structurally apart from pure discount brokers. As India's retail investor base expanded sharply after 2020, HSL has been a direct beneficiary, which is a large reason why investor interest in its unlisted shares has picked up, even as HDFC Securities expects India GDP to moderate in the near term.
HDFC Securities Unlisted Share Price Overview
As of 29 September 2026, the HDFC Securities unlisted share price was quoted at ₹7,719.67 on Moneycontrol's indicative unlisted share data, against a 52-week range of ₹7,753.00 (low) to ₹10,137.50 (high), reflecting a year-to-date decline of approximately 14.51%.
A quick distinction worth making: HDFC Securities Ltd shares are not listed on NSE or BSE. Prices shown on trackers like Moneycontrol are sourced from over-the-counter transactions and are explicitly indicative, not tradeable quotes. As Moneycontrol states directly: "Stock prices of unlisted shares on Moneycontrol are sourced from our partners and are for informational purpose only. These are indicative rates, not intended for trading purposes."
Demand for unlisted shares can shift with news, peer IPO activity, or broader market sentiment, so the price may change daily. The implied market cap at the September 2026 price was approximately ₹13,584 crore, based on roughly 1.79 crore outstanding shares (Source: Financial Reports).
HDFC Securities Ltd: Key Financial Figures
For broader context, the company's HDFC Securities Annual Report 2024-25 (available on the HDFC Securities investor relations page) shows total income rising 22% YoY to ₹3,265 crore for FY25, with profit after tax up 18% to ₹1,125 crore.
The margin story is notable. EBITDA Margin widened to 74.15%, compared with 65.65% in Q1 FY26, indicating revenue growth is outrunning operating costs at a meaningful rate.
Revenue composition adds context. Interest income alone reached ₹451.12 crore, versus ₹302.83 crore in Q1 FY26, driven by higher margin funding activity. That mix of brokerage fees plus lending income reflects a more diversified revenue base than brokers relying solely on trading volumes, as the breakdown shows in the HDFC Securities Q1 FY27 results.
HDFC Securities Market Cap and Valuation Basis
The implied market cap of roughly ₹13,584 crore is a calculated estimate built from the indicative price (₹7,719.67) and the company's outstanding share count. Since HDFC Securities Ltd shares trade over the counter and not on any exchange, this figure is not an officially confirmed valuation.
Investors in the unlisted market often cross-check such estimates through a price-to-earnings lens. At ₹165.44 EPS and the September 2026 indicative price, the implied P/E sits around 46-47x. Whether that is reasonable depends on the comparable you choose. Listed broking peers in India trade across a wide multiple range, and HDFC Securities' HDFC Bank parentage, margin-funded revenue base, and moves like the launch of HDFC TRU, its dedicated wealth management platform, could support a premium over standalone discount brokers, though no rating agency or investment bank has published an official unlisted valuation to confirm this.
One caveat worth keeping in mind: OTC-based market caps are only as reliable as the last negotiated trade. Thin volumes, a single large seller, or a shift in IPO sentiment can move the indicative price meaningfully without any change in fundamentals. Treat the ₹13,584 crore figure as a useful reference point, not a verified enterprise value.
How to Buy HDFC Securities Unlisted Shares
Buying unlisted shares works differently from placing a market order on NSE or BSE. There is no exchange involved. Transactions happen directly between buyer and seller, typically through SEBI-registered intermediaries or specialist unlisted share dealers who match the two sides and complete the demat transfer, a process explained further in this guide on how to buy and sell unlisted shares.
Here is how the process generally works:
- Open a demat account if you do not already have one. This is where the shares will be credited after settlement.
- Complete KYC with the dealer or intermediary, submitting your PAN, demat account details (DP ID and client ID), and bank account information.
- Agree on price and quantity with the dealer, then transfer funds via NEFT/RTGS to the seller or escrow account.
- Shares are transferred to your demat account, typically within 24-48 business hours of payment confirmation.
On Precize, the same flow applies. After completing PAN and bank verification, you can place an order for HDFC Securities unlisted shares, with shares settling into your demat account within 24-48 business hours. Minimum investment starts at ₹10,000.
One thing to note: a six-month lock-in period applies to unlisted shares acquired before a company's IPO, per current SEBI regulations on unlisted shares. Factor that into your liquidity planning before committing capital.
HDFC Securities Demat Account and AMC Charges
Many investors searching for the HDFC Securities share price are actually looking for something adjacent: how to open a demat account with HDFC Securities, or what fees apply.
HDFC Securities offers a 3-in-1 investment account that links a savings account, demat account, and trading account together, branded as InvestRight. The demat component is custodied under HDFC Bank's depository services, and charges vary by account tier.
According to HDFC Bank's fee schedule, AMC charges from the second year onwards break down as follows:
Account Tier | AMC (from Year 2) | Debit/Pledge Transaction (Managed) | Debit/Pledge Transaction (Standard) |
|---|---|---|---|
Infiniti/Imperia | Nil | Min. ₹30 or 0.03% (max ₹4,999) | Min. ₹30 or 0.04% (max ₹4,999) |
Preferred | Nil (if 1 txn/year) or ₹300 | Min. ₹30 or 0.03% (max ₹4,999) | Min. ₹30 or 0.04% (max ₹4,999) |
Higher-tier relationships (Imperia, Infiniti) attract zero AMC. The Preferred tier carries ₹300 annually unless you transact at least once in the year. The managed program offers a 25% saving over standard transaction charges across both tiers.
These fees apply to demat account activity, not to any investment in HDFC Securities Ltd unlisted shares. If you are buying HSL shares through an unlisted share dealer, your existing demat account simply receives the credited shares after settlement.
Risks of Investing in HDFC Securities Unlisted Shares
Buying unlisted shares in HDFC Securities Ltd carries several risks worth thinking through before committing capital.
Illiquidity is the most immediate concern. There is no exchange where you can exit on demand. Selling depends entirely on a dealer finding a willing buyer at a price you find acceptable, a process that can take time if market sentiment has shifted or unlisted market activity has slowed.
Price opacity compounds this. Indicative quotes on trackers like Moneycontrol are drawn from OTC transactions and may not reflect what a buyer would actually pay you today. A thin market means a single large seller can push the indicative price well below intrinsic value without any change in HDFC Securities' fundamentals.
As with many aspects covered in the unlisted shares pros and cons, HDFC Securities Ltd is also not subject to SEBI's continuous disclosure requirements that apply to listed companies. Quarterly filings, related-party transaction disclosures, and material event announcements are not mandated on the same timeline, so investors rely on whatever financial information the company voluntarily publishes.
Two further risks are specific to HSL:
- The six-month lock-in period applies post-purchase under SEBI rules, meaning you cannot resell in the secondary market before that window closes regardless of price movements.
- Concentration risk is real. HDFC Bank holds approximately 95.48% of HDFC Securities (Source: Annual Report 2024-25), so any regulatory action, ownership restructuring, or strategic shift at the bank level could affect HSL's business model and, by extension, its unlisted share price.
- Business model changes are a further watchpoint. HDFC Securities has confirmed the closure of its franchisee business, a distribution channel that contributed to its retail reach. Investors should monitor whether this affects customer acquisition and long-term revenue growth.
What an IPO Would Mean for HDFC Securities Shareholders
An IPO listing on NSE or BSE would give existing unlisted shareholders a formal exit route for the first time, with shares tradeable at market price during regular hours instead of through a dealer network.
The liquidity unlock is not immediate. SEBI rules require pre-IPO shareholders to observe a six-month lock-in for pre-IPO investors from the date of allotment, meaning shares acquired in the unlisted market before any offer period cannot be sold on listing day regardless of where the stock opens.
Listing gains are possible if the IPO price exceeds what an investor paid in the secondary unlisted market. Given the current indicative price of around ₹7,719.67, the outcome depends entirely on where HDFC Bank and its advisors price the offer, which no investment bank has publicly indicated as of October 2026. Listing losses are equally possible if the IPO price is set below the prevailing OTC rate.
As of now, no confirmed IPO date, price band, or DRHP filing exists for HDFC Securities Ltd. An unlisted position in HSL should be assessed on its standalone financial merits, with a potential listing treated as an optionality event and not a guaranteed exit. On the earnings side, Sky arm profitable in FY27, which could provide an additional earnings tailwind if that momentum continues.
How Precize Supports Investors in HDFC Securities Unlisted Shares
Precize has processed ₹679.5 crore in lifetime GMV across roughly 68,000 unique investors (as of September 2026, source: Precize internal data, Metabase/PostHog), with financial services companies making up the largest share of that volume. HDFC Securities Ltd shares are available on Precize, with demat transfer completing within 24 to 48 business hours of payment confirmation and a minimum investment starting at ₹10,000.
Two research tools are worth knowing before placing an order. The Notable Investor Tab, available on each company's detail page, shows notable individuals and institutions holding a stake, including stake size where disclosed. For HDFC Securities Ltd, where HDFC Bank's ownership structure is a material factor in any investment thesis, this tab gives you a fast reference point without digging through annual reports. The Screener 2.0 tool lets you filter and compare unlisted financial services companies side by side, useful if you want to weigh HSL against other unlisted broking or NBFC names before committing.
KYC on Precize requires PAN and bank account verification before any order can be placed, consistent with SEBI requirements for unlisted share transactions, as outlined in this guide to investing before an IPO.
Please note that the HDFC Securities unlisted share price may change daily based on market demand, availability, and other conditions.
Final Thoughts on HDFC Securities Unlisted Shares and Demat Access
HDFC Securities is a financially sound business, and its strong Q1 FY27 numbers back that up. The unlisted market gives you early access, but the price is real: low liquidity, limited disclosures, and a mandatory lock-in period that limits your flexibility. If you want to see how HSL stacks up against other unlisted companies before deciding, the Precize Screener makes that comparison straightforward.
To compare companies, documents, and availability, browse unlisted companies on Precize. For ongoing IPO and private-market updates, browse the Precize blog. Stay updated with unlisted companies through the Precize Community. If this article was useful, you can share it with other investors through the Precize Referral Program.
Key Takeaways
- HDFC Securities Ltd unlisted shares were quoted at ₹7,719.67 as of 29 September 2026, reflecting a year-to-date decline of approximately 14.51% against a 52-week high of ₹10,137.50.
- Q1 FY27 revenue from operations rose 30.3% YoY to ₹949.85 crore, with net profit up 28.3% YoY to ₹297.06 crore (Source: Financial Reports).
- EBITDA margin widened to 74.15% from 65.65% in Q1 FY26, driven by strong growth in margin funding interest income.
- Shares are not listed on NSE or BSE; all prices are indicative OTC-sourced quotes and may change daily based on market demand.
- A mandatory six-month lock-in period applies to unlisted shares acquired before an IPO under current SEBI regulations.
- No confirmed IPO date, price band, or DRHP filing exists for HDFC Securities Ltd as of October 2026; any listing should be treated as optionality, not a guaranteed exit.
FAQ
1. What is the HDFC Securities unlisted share price as of October 2026?
As of 29 September 2026, the HDFC Securities Ltd unlisted share price was quoted at ₹7,719.67 on Moneycontrol, against a 52-week range of ₹7,753.00 (low) to ₹10,137.50 (high), reflecting a year-to-date decline of approximately 14.51%. This is an indicative OTC-sourced price, not a tradeable exchange quote; the actual price you transact at may differ depending on dealer availability and market conditions on the day.
2. What should I know about liquidity risks when buying HDFC Securities unlisted shares in India?
Unlisted shares in HDFC Securities Ltd carry meaningful liquidity risk: there is no exchange where you can exit on demand, and selling depends on a dealer finding a willing buyer at a price you find acceptable. SEBI regulations also impose a six-month lock-in period on pre-IPO unlisted shares, meaning you cannot resell in the secondary market before that window closes regardless of price movements. Thin OTC volumes mean a single large seller can push the indicative price well below intrinsic value without any change in the company's fundamentals.
3. How do I buy HDFC Securities unlisted shares through a platform like Precize?
Open a demat account, complete KYC by submitting your PAN, demat account details, and bank account information, then agree on price and quantity with the dealer before transferring funds via NEFT/RTGS. On Precize, shares settle into your demat account within 24 to 48 business hours of payment confirmation, with a minimum investment starting at ₹10,000. Factor in the six-month lock-in period under SEBI rules before committing capital, as you cannot resell in the secondary market during that window.
4. What are good alternatives to InCred Money for private equity investments in India, including short-term options with returns above 13 percent?
Precize offers two distinct products for investors looking beyond public markets: unlisted shares (pre-IPO) with a minimum investment of ₹10,000, and Private Credit with investment durations of 30 to 60 days targeting a pre-tax XIRR of 13 to 15%, secured to protect capital. Unlike platforms focused solely on AIFs or PMS products, Precize gives retail investors direct access to both equity-style upside through pre-IPO shares and short-duration fixed-income-style returns through Private Credit, with demat-settled transactions and SEBI-licensed research reports available in-platform. Both products are accessible through the Precize portal, with KYC requiring only PAN and bank account verification.
5. What are HDFC Securities demat account AMC charges?
HDFC Securities operates a 3-in-1 account (InvestRight) linking savings, demat, and trading accounts together. From the second year onwards, Infiniti and Imperia tier customers pay zero AMC, while Preferred tier customers pay ₹300 annually unless they complete at least one transaction in the year. These AMC charges apply to demat account maintenance and are separate from any costs involved in buying HDFC Securities Ltd unlisted shares through a dealer.
Disclaimer: This article is for informational purposes only and should not be considered as investment advice. Investing in unlisted shares carries risks including illiquidity and potential loss of capital. Please consult with a qualified financial advisor before making investment decisions. Precize is not a stock exchange and is not authorized by any capital markets regulator.
