Anyone has experience with purchase and resell of unlisted shares? Example Swiggy shares in Incred

First of all they are not direct equity shares. Called CCPS. Compulsory Convertible Preference Shares. For each CCPS, you get 1401 shares after they list. Plus I believe there is a six months lockin post listing. You can't just sell them on day of listing as it is. BTW, Madhuri and Amitabh also invested in these CCPS. Background why these CCPS are in the market. Prosus VC arm of Naspers holds 33% in Swiggy. As per SEBI rules any entity holding more than 25% is classified as a Promoter. VC"s never want to be promoters, hence this wholesale dumping of theses CCPS units. BTW, it's not just InCred but almost every wealth management firm out there is peddling them.

Also if you do decide to buy unlisted. Use a bigger platform like InCred 360 types. Shares are sent to your demat account. Process takes anywhere between 15 to 45 days after you have paid the money. Expectation is that brokers like InCred will ensure that the transaction actually goes through and you are not duped. There are hundreds of stories where P2P share transactions have gone sour with money lost and no shares credited.

Following.