Last updated: 01-08-2026
Please read these Terms of Use carefully before using this website.
Preamble
This document is an electronic record published under the Information Technology Act, 2000 and rules made under it, including Rule 3(1) of the Information Technology (Intermediaries Guidelines and Digital Media Ethics Code) Rules, 2021, which requires publication of the rules, terms of use, and privacy policy governing access to and use of this website. No physical or digital signature is required for this record to be valid.
1. Definitions and Parties
1.1 “Company,” “We,” “Us,” “Our” refers to Heed Unlisted, operated by [insert full legal entity name, e.g., Heed Securities Pvt. Ltd. / proprietorship / partnership], with its registered office at L-2/114, New Mahavir Nagar, Tilak Nagar, New Delhi–110018, together with its directors, officers, employees, and authorised representatives.
1.2 “Website” means heedunlisted.com and any associated subdomains, mobile interfaces, or applications.
1.3 “User,” “You,” “Your” means any person who visits, browses, registers on, or otherwise uses the Website.
1.4 “Services” means the discovery, research, indicative pricing, and buy/sell facilitation services relating to unlisted and pre-IPO equity shares offered through the Website, as described in Section 3.
2. Acceptance of Terms
2.1 By accessing or using the Website, you agree to be bound by these Terms of Use, our Privacy Policy, and any other policy referenced here. Together, these form a binding agreement between you and the Company.
2.2 By using the Website, you confirm that:
- You are at least 18 years old;
- You have the legal capacity to enter into a binding contract under the Indian Contract Act, 1872;
- You are not barred from using such services under any applicable law; and
- All information you provide to us is true, current, and complete.
2.3 If you do not agree with any part of these Terms, please discontinue use of the Website immediately. Continued use after any update to these Terms constitutes your acceptance of the revised Terms.
3. Description of Services
3.1 What we do. Heed Unlisted is a discovery and facilitation platform for unlisted and pre-IPO equity shares. Through the Website, you can:
- Browse companies and indicative pricing for unlisted/pre-IPO shares;
- Access research summaries, blog content, and market commentary;
- Connect with our transaction desk to discuss buying or selling unlisted shares;
- Initiate a transaction, which is coordinated by our team through consultation, payment processing, and settlement to your Demat account, as outlined on the Website.
3.2 What we are not. The Company is not a stock exchange recognised under the Securities Contracts (Regulation) Act, 1956, and does not operate a platform for public or exchange-traded dealing in securities. Unless separately and specifically registered and disclosed to you, the Company does not act as a SEBI-registered stockbroker, investment adviser, portfolio manager, merchant banker, or depository participant. Where any part of our process involves handling funds or coordinating settlement on your behalf, this is done strictly in accordance with applicable law, and you are encouraged to confirm the applicable regulatory status of any such activity with us before transacting.
3.3 Indicative pricing. All prices displayed on the Website are indicative only, based on off-market data points and inputs available to us at the time. They do not constitute an offer, solicitation, or binding quote, and the actual transaction price will be confirmed separately by your transaction manager before you commit funds.
3.4 General process. As described on the Website, a typical transaction involves: (a) an initial consultation with our team to discuss pricing and requirements; (b) your approval and payment through our disclosed official channels; and (c) credit of shares to your NSDL/CDSL Demat account, or debit for a sale, following settlement. Timelines mentioned on the Website are estimates and not guarantees.
4. Account Registration
4.1 Certain features may require you to register and provide accurate details, including your name, contact information, PAN, and Demat account details where relevant to a transaction.
4.2 You are responsible for maintaining the confidentiality of any login credentials and for all activity that occurs under your account. Notify us immediately at the contact details in Section 18 if you suspect unauthorised use.
4.3 You agree not to impersonate any person, provide false KYC information, or maintain multiple accounts for the purpose of circumventing these Terms.
4.4 You may request closure of your account by writing to us at the email address listed in Section 18. We may suspend or terminate accounts that violate these Terms, are used for unlawful activity, or where required by law, with or without prior notice depending on the severity of the issue.
5. User Obligations and Prohibited Conduct
You agree to use the Website lawfully and in compliance with applicable Indian law, including securities law, tax law, FEMA (where applicable to NRI users), and anti-money laundering regulations. You agree that you will not:
- Use the Website or Services to manipulate prices, spread false information about any company, or engage in fraudulent investment schemes;
- Trade on or misuse material non-public information;
- Attempt to gain unauthorised access to the Website, other users’ accounts, or our systems;
- Scrape, harvest, or systematically extract data from the Website without our written permission;
- Upload viruses or malicious code, or otherwise interfere with the Website’s normal operation;
- Post defamatory, obscene, or infringing content, or impersonate any person or entity;
- Harass, threaten, or misuse the personal information of other users.
You further acknowledge that you are solely responsible for conducting your own due diligence before investing, and that nothing on the Website substitutes for independent research or advice from a qualified, SEBI-registered professional where appropriate.
6. Intellectual Property
6.1 All content on the Website — including text, graphics, logos, the “Heed Unlisted” name and mark, layout, research summaries, and data compilations — is owned by the Company or its licensors and is protected under the Copyright Act, 1957, the Trade Marks Act, 1999, and other applicable law.
6.2 We grant you a limited, non-exclusive, revocable licence to access and view the Website for your personal, non-commercial use. You may not reproduce, republish, scrape, or create derivative works from Website content, or use our name or branding, without our prior written consent.
6.3 If you submit any content to us (such as an enquiry, comment, or feedback), you grant us a non-exclusive, royalty-free licence to use that content for the purpose of operating, improving, and promoting the Services, and you confirm that you have the right to submit it.
7. Accuracy of Information
7.1 We make reasonable efforts to keep company data, indicative prices, and research content current, but this information may be incomplete, delayed, or drawn from third-party sources we do not independently verify.
7.2 We are not obligated to update, correct, or notify you of changes to information on the Website. You should independently verify any information before relying on it for an investment decision.
8. Third-Party Links
The Website may link to third-party websites or resources for your convenience. We do not control, endorse, or take responsibility for third-party content, and your use of such links is at your own risk and subject to that third party’s own terms and privacy practices.
9. Disclaimers and Limitation of Liability
9.1 The Website and Services are provided on an “as is” and “as available” basis. To the maximum extent permitted by law, we disclaim all warranties, whether express or implied, including as to accuracy, completeness, merchantability, and uninterrupted or error-free operation.
9.2 Nothing on the Website constitutes investment, financial, tax, or legal advice. Any commentary, blog content, or guidance shared by our team is for general informational purposes only. You should consult a SEBI-registered investment adviser, chartered accountant, or lawyer as appropriate before making investment decisions.
9.3 We do not guarantee investment returns, the occurrence or timing of any IPO, the liquidity or resale value of any unlisted share, or the completion of any specific transaction.
9.4 To the extent permitted by law, the Company and its directors, officers, employees, and agents shall not be liable for any indirect, incidental, or consequential losses — including investment losses, loss of profit, or loss of data — arising from your use of the Website or Services, except where such liability arises from our fraud, gross negligence, or wilful default. Our aggregate liability to you in connection with the Website, where not otherwise excluded by law, shall not exceed the fees actually paid by you to us in the six months preceding the claim, or ₹5,000, whichever is higher.
9.5 You acknowledge that unlisted and pre-IPO share investments carry significant risk, including illiquidity, valuation uncertainty, and potential total loss of capital, and that you invest at your own discretion and risk.
10. Indemnification
You agree to indemnify and hold harmless the Company, its directors, officers, employees, and agents from any claims, losses, damages, or expenses (including reasonable legal fees) arising out of your breach of these Terms, your violation of applicable law, your misuse of the Website, or content you submit, except to the extent such claims arise from our own fraud, negligence, or wilful misconduct.
11. Fees, Payments, and Taxes
11.1 Any facilitation fees, charges, or costs associated with a transaction will be disclosed to you by your transaction manager before you are required to pay.
11.2 All amounts are in Indian Rupees unless stated otherwise. Payments must be made only through the official channels we disclose to you; we are not responsible for payments made to unofficial accounts. Please verify official bank details through our published contact channels before transferring funds.
11.3 You are solely responsible for any applicable taxes, including capital gains tax and reporting obligations arising from your transactions. We do not provide tax advice and recommend consulting a qualified tax professional.
12. Privacy
Your use of the Website is also governed by our Privacy Policy, which explains what information we collect and how we use, store, and protect it. By using the Website, you consent to the data practices described there.
13. Changes to These Terms
We may revise these Terms from time to time to reflect changes in our Services or applicable law. Material changes will be indicated by updating the “Last updated” date above, and where appropriate, through a notice on the Website. Your continued use of the Website after any change constitutes acceptance of the revised Terms.
14. Termination
We may suspend or terminate your access to the Website at our discretion, including where you breach these Terms, engage in unlawful conduct, or where required by law. Provisions that by their nature should survive termination — including Sections 6, 9, 10, and 15 — will continue to apply.
15. Governing Law and Dispute Resolution
15.1 These Terms are governed by the laws of India.
15.2 Any dispute will first be addressed through good-faith negotiation for 15 days from written notice. If unresolved, the dispute will be referred to arbitration by a sole arbitrator under the Arbitration and Conciliation Act, 1996, seated in [insert city, e.g., New Delhi], in English, with the arbitral award being final and binding on both parties.
15.3 Subject to the above, the courts of [insert city, e.g., New Delhi] shall have exclusive jurisdiction over any matter arising from these Terms.
16. General Provisions
16.1 Entire agreement. These Terms, together with our Privacy Policy, constitute the entire agreement between you and the Company regarding use of the Website.
16.2 Severability. If any provision is found invalid or unenforceable, the remaining provisions will continue in full effect.
16.3 No waiver. Our failure to enforce a provision is not a waiver of our right to do so later.
16.4 Assignment. You may not transfer your rights under these Terms without our written consent. We may assign these Terms in connection with a merger, acquisition, or sale of assets.
16.5 Force majeure. We are not liable for delays or failures caused by events beyond our reasonable control, including natural disasters, government action, or internet/infrastructure outages.
16.6 No agency. Nothing in these Terms creates a partnership, agency, or employment relationship between you and the Company.
17. Regulatory Compliance
You agree to comply with all applicable laws in connection with your use of the Website and any transaction facilitated through it, including securities law, the Income Tax Act, 1961, FEMA (for NRI investors), and anti-money laundering regulations. We may require KYC documentation (such as PAN and identity proof) before facilitating a transaction, and may decline or delay a transaction where such documentation is incomplete.
18. Contact Us
For questions about these Terms, please reach us at:
- Email: info@heedsecurities.com
- Phone: +91 971 694 1383 / +91 767 844 4704
- Registered Office: L-2/114, New Mahavir Nagar, Tilak Nagar, New Delhi–110018
19. Acknowledgment
By using this Website, you confirm that you have read and understood these Terms of Use, understand the risks associated with investing in unlisted and pre-IPO shares, and agree to be bound accordingly. If you do not agree, please do not use the Website.
This document is a starting draft and has not been reviewed by a lawyer. Fields in brackets need to be filled in with your actual entity details. Given that this business touches securities facilitation, KYC, and payment handling, please have an Indian corporate/securities lawyer review this before publishing — particularly Sections 3, 9, 11, and 17, which depend on your exact regulatory status and how funds actually move through your process.