Regulatory challenges
Despite these challenges, retail investor interest in the unlisted space remains strong, reinforcing the case for tighter regulation. NSE’s unlisted shares alone have nearly 184,000 public shareholders, 93% of whom are retail investors willing to absorb sharp price swings. For instance, the shares corrected nearly 20% from their ₹2,400 peak in July 2025 before rebounding about 5% to around ₹2,050 after Sebi’s chief commented on the exchange’s potential IPO, Mint reported earlier.
