ADIANCE TECHNOLOGIES Unlisted Shares
vs. prev. close ₹2,250
52W High
₹2,250
52W Low
₹2,200
Market cap
₹314 Cr
IPO stage
No DRHP filed
CIN
U72200GJ2003PTC043259
Price History
52W High
₹2,250
52W Low
₹2,200
About ADIANCE TECHNOLOGIES Unlisted Shares
Explore the potential of ADIANCE TECHNOLOGIES unlisted shares. Secure your investment in a growing company with promising growth opportunities.
Report on Adiance Tech Pre-IPO Share 1. Company Overview Adiance Tech, based in Ahmedabad, India, operates in the surveillance industry and has established itself as a leader in innovation. It owns a subsidiary, Vmukti Solutions, which specializes in election surveillance solutions and has been serving central and state governments for over a decade. Adiance’s commitment to innovation was recognized in 2007 when it received the prestigious NASSCOM award for being among the best 100 IT innovators. 2. Business Model Adiance operates across multiple business segments and markets: B2G (Business-to-Government): Through its subsidiary Vmukti Solutions, Adiance provides surveillance solutions for elections, including supplying cameras and related technology for monitoring central and state-level elections. B2B (Business-to-Business): ODM (Original Design Manufacturing): Collaborates with other manufacturers to deliver tailored technology solutions. OEM (Original Equipment Manufacturing): Supplies AmbiCam smart cameras to system integrators, distributors, and corporations. B2C (Business-to-Consumer) and D2C (Direct-to-Consumer): Plans to penetrate the consumer market through conventional retail and online channels. AI-based Solutions: Offers AI-powered video analytics software for smart surveillance to government entities and corporations. Adiance’s unique in-house design, development, and manufacturing capabilities allow it to customize a wide range of surveillance products to meet specific customer requirements. 3. Revenue Model Adiance’s revenue streams include: Sales of OEM products like AmbiCam Smart Cameras. Sales of ODM products via collaborations with manufacturers. Revenue from cameras used in election monitoring. Income from AI-powered solutions. Revenue from Vmukti’s B2G surveillance operations. Rental income through Vmukti’s B2B solutions. Planned revenue from cloud services and data plans tied to their camera products. 4. Management Team The managemen
Company Details
Industry
Consumer Electronics
Founded
2003
Headquarters
Ahmedabad, Gujarat, India
Min Lot Size
1
Face Value
₹10.00
Total Shares
1395950
Regulatory Information
Corporate Identity Number (CIN)
U72200GJ2003PTC043259
PAN Number
AAECA7251Q
ISIN
INE0T9101011
Key Valuation Ratios
Valuation
Market Cap
₹314.09 Cr
P/E Ratio
94.95×
P/S Ratio
5.95×
P/B Ratio
13.39×
EV / EBITDA
41.61×
Returns & Per Share
ROE
14.10%
EPS
₹23.70
Book Value / Share
₹168.06
Solvency
Debt / Equity
—
Interest Coverage
7.69×
Company Fundamentals
As of FY2024 Annual · updated 01 Oct 2026Gross Profit
₹8.20 Cr
EBITDA
₹7.55 Cr
Revenue Growth
175.57%
Profit Margin
6.27%
Performance Trends
2 annual periods · derived from filed statements
Revenue
₹ Cr
Net Profit
₹ Cr · losses in red
Earnings Per Share
₹ per share
Return on Equity
ROE %
Return on Capital Employed
ROCE %
EBITDA Margin
14.30%
Interest Coverage
7.69×
Financial Statements
| Line item | FY2023 | FY2024 |
|---|---|---|
| Total Income | ||
| Revenue from operationsDisclosed | 19.16₹ Crore | 52.8₹ Crore |
| Other incomeDisclosed | 90₹ Lakh | 46₹ Lakh |
| Total IncomeDerived | 20.06₹ Crore | 53.26₹ Crore |
| Expenses | ||
| Cost of goods soldDisclosed | 6.78₹ Crore | 44.6₹ Crore |
| Changes in inventoriesDisclosed | 4.69₹ Crore | -7.6₹ Crore |
| Employee benefits expenseDisclosed | 3.25₹ Crore | 4.51₹ Crore |
| Finance costsDisclosed | 87₹ Lakh | 76₹ Lakh |
| Depreciation and amortization expenseDisclosed | 1.45₹ Crore | 1.7₹ Crore |
| Other expensesDisclosed | 2₹ Crore | 4.2₹ Crore |
| Total ExpensesDerived | 19.04₹ Crore | 48.17₹ Crore |
| Profit | ||
| Profit before taxDerived | 1.02₹ Crore | 5.09₹ Crore |
| Tax expenseDisclosed | 59.6₹ Lakh | 1.78₹ Crore |
| Profit After TaxDerived | 42.4₹ Lakh | 3.31₹ Crore |
| Total Comprehensive IncomeDerived | 42.4₹ Lakh | 3.31₹ Crore |
Private placement others Private Placement of 135950 Shares @1062
Private placement others Private Placement of 135950 Shares @1062
Private placement others Private Placement of 135950 Shares @1062
Private placement others Private Placement of 135950 Shares @1062
Express buy interest
No commitment — the desk will reach out
Current Price
₹2,250Secure & Verified Transaction
Unlisted shares are illiquid and carry higher market risks. Please read the Risk Disclosure before investing.
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About ADIANCE TECHNOLOGIES Unlisted Shares unlisted shares
Indicative · updated dailyADIANCE TECHNOLOGIES unlisted share price today
ADIANCE TECHNOLOGIES unlisted share price today is ₹2,250 as of 16 October 2026.
ADIANCE TECHNOLOGIES Unlisted Shares — frequently asked questions
- What is the grey market price for ADIANCE TECHNOLOGIES?
No IPO is currently announced for ADIANCE TECHNOLOGIES, so no grey market exists; the price above reflects Priveq's own desk valuation.
- Has ADIANCE TECHNOLOGIES filed for an IPO, and when might it list?
ADIANCE TECHNOLOGIES has not filed a draft red herring prospectus, so no IPO is currently announced and no listing date has been set.
- How does ADIANCE TECHNOLOGIES compare to its listed peers?
There is no closely comparable listed company for ADIANCE TECHNOLOGIES in India today.
- Is ADIANCE TECHNOLOGIES on the SME or Mainboard IPO track?
ADIANCE TECHNOLOGIES has not filed a draft red herring prospectus, so no IPO track is set yet.
- What is ADIANCE TECHNOLOGIES's CIN and registered office?
ADIANCE TECHNOLOGIES's Corporate Identity Number is U72200GJ2003PTC043259, registered at Ahmedabad, Gujarat, India.
- What is ADIANCE TECHNOLOGIES's market capitalisation?
ADIANCE TECHNOLOGIES's market capitalisation is approximately ₹314 crore, based on its current unlisted share price.
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Buying, selling and holding unlisted shares
Applies to every company on Priveq- How do I buy ADIANCE TECHNOLOGIES unlisted shares?
Priveq Investech Private Limited is the named counterparty on every transaction. To buy ADIANCE TECHNOLOGIES unlisted shares: complete KYC once (PAN, Aadhaar, bank details, and demat account information — SEBI-compliant, typically approved within 24 hours), then submit your order through your Priveq dashboard specifying quantity. Our team confirms price and payment details with you directly. Once payment is confirmed, ADIANCE TECHNOLOGIES shares are transferred off-market straight to your demat account, with no pooling and no middlemen.
- How do I sell ADIANCE TECHNOLOGIES unlisted shares?
Submit an Express Sell Interest for ADIANCE TECHNOLOGIES through your Priveq dashboard, specifying quantity, the same way a buy order is placed. Priveq quotes you a bid price, which may differ from the live Buy price shown to buyers, since unlisted-share pricing works on a bid-ask basis rather than a single quote. Once you accept, you'll need to provide your Client Master List (CML), a cancelled cheque or bank details, and PAN. If you hold shares with CDSL, transfer can also be completed digitally via CDSL Easiest. You transfer ADIANCE TECHNOLOGIES shares to Priveq first, and payment follows once the transfer is confirmed received, typically the same day, T+1, or occasionally T+2, communicated to you directly. For sizeable transactions worth crores of rupees, an escrow arrangement can be used instead, at the sole consent of both parties.
- What is the minimum investment for ADIANCE TECHNOLOGIES unlisted shares?
Minimum investment varies by company and is shown as the Min Investment figure on this page. ADIANCE TECHNOLOGIES's minimum is ₹2,250.
- Is there a maximum investment limit?
There's no fixed maximum investment limit for ADIANCE TECHNOLOGIES unlisted shares. For sizeable transactions worth crores of rupees, an escrow arrangement can be used at the sole consent of both parties, the same mechanism available on the sell side.
- Is buying ADIANCE TECHNOLOGIES unlisted shares legal in India?
Yes. Buying and selling unlisted shares in India is legal and is subject to relevant SEBI regulations, including the mandatory lock-in period after listing, stamp duty, and depository participant charges on each transaction. Priveq's own KYC process is built to be SEBI-compliant.
- What is the lock-in period for ADIANCE TECHNOLOGIES unlisted shares?
ADIANCE TECHNOLOGIES has not filed a DRHP yet, so no listing date or lock-in period applies at this stage. Once an IPO is filed, this answer updates to reflect the applicable SME or Mainboard lock-in.
- What happens if ADIANCE TECHNOLOGIES's IPO is delayed or withdrawn?
If an IPO is delayed, shares remain unlisted and continue to trade on the desk at Priveq's indicative price, with no lock-in in effect until an actual listing happens. If a company formally withdraws its DRHP, the same applies: shares stay unlisted, with no lock-in period until and unless a fresh IPO process begins.
- How are capital gains on ADIANCE TECHNOLOGIES unlisted shares taxed?
If you sell unlisted shares, including ADIANCE TECHNOLOGIES, within 24 months of purchase, the gain is taxed as short-term capital gain at your applicable income tax slab rate. Beyond 24 months, it is taxed as long-term capital gain at 12.5 percent, without indexation benefit, under the rules effective from 23 July 2024. If ADIANCE TECHNOLOGIES lists and you sell after listing, the applicable tax treatment shifts to listed-security rates, with the holding period still measured from your original unlisted purchase date. This is general information, not tax advice; investors should confirm their specific position with a tax advisor.
- Can NRIs invest in ADIANCE TECHNOLOGIES unlisted shares?
Yes, on a non-repatriable basis. NRIs can invest using funds from an NRO account; sale proceeds stay within India unless repatriated separately under RBI's own limits. Priveq does not currently support repatriable investment (NRE/FCNR-funded), which would require the investee company to file additional RBI paperwork as foreign direct investment.
- Does Priveq charge a platform fee on top of the share price?
No. The price quoted to you is all-in; there is no separate platform fee or brokerage added on top.
- How does Priveq determine the desk price for ADIANCE TECHNOLOGIES?
Priveq's desk price reflects several inputs together, not a single formula: the seller's ask price at the time, current demand and supply on the platform for ADIANCE TECHNOLOGIES specifically, broader sentiment in the unlisted and pre-IPO market, how ADIANCE TECHNOLOGIES's sector and listed peers are trading, the company's own recent financial performance and IPO-stage developments, and recent transaction history where deals have actually closed.
Because unlisted shares trade over the counter rather than on an exchange, this price is indicative, not a continuously live quoted market price, and the actual deal price is confirmed with you directly before a transaction closes.
- Is Priveq SEBI-registered? Does it give investment advice?
Priveq is not a SEBI-registered stock exchange and not a SEBI-registered investment adviser. Priveq Investech Private Limited operates Priveq.in as a research and information platform for unlisted and pre-IPO shares, and is the named counterparty on transactions executed through the platform. Nothing on this page is investment advice; it's information to help you evaluate a company and decide for yourself.
- Am I eligible to invest through Priveq if I'm not an HNI?
Yes. Priveq isn't a stock exchange with membership restrictions, and investing isn't limited to HNIs. Depending on the company, entry points can start as low as ₹20,000, though the minimum for any specific company is shown as the Min Investment figure on its page.
- What documents do I receive after buying unlisted shares?
You receive an email acknowledging and confirming your order, along with a deal note or invoice recording the transaction details.
- What happens to my shares or money if a deal falls through?
Because Priveq is the direct counterparty on every transaction rather than just connecting a buyer and seller, this risk sits with Priveq, not with you. If a deal falls through after you've committed funds or shares, they remain safe, and Priveq guarantees a refund.