India Gold Metaverse (IGM) Unlisted Share Price Today

Company information as of 7 October 2026; security details updated from the NSDL screenshot supplied on 8 October 2026. Financial information: audited standalone results for the years ended 31 March 2026 and 31 March 2025. Standalone accounts cover IGM itself rather than a consolidated group.

IGM unlisted share price and transaction details

Current indicative price: ₹24 per share — as of 7 October 2026.

Minimum investment: approximately ₹10,000. Confirm share availability, quantity and the executable buy or sell quote with Unlisted Valley before proceeding. The indicative quote can change and may differ by quantity and transaction terms.

Source: Unlisted Valley first-party market/transaction data, owner-confirmed 7 October 2026.

Enquire about buying or selling IGM unlisted shares.

India Gold Metaverse Limited develops technology and services for the bullion and jewellery industry. Bullion means precious metals traded in bulk, commonly as bars. Its offerings include BullionX, Elanzia, GoldSense and RamMudra. IGM's FY26 operating revenue came from bullion sales.

IGM shares represent ownership in the company. They do not give the shareholder ownership of a specified quantity of gold. Company equity and its customer-facing gold products have different rights and risks.

Sources: IGM company overview; India Gold Metaverse Limited Annual Report 2025–2026, standalone accounts and revenue note.

India Gold Metaverse at a glance

Sources: India Gold Metaverse Limited Annual Report 2025–2026, company information and share-capital disclosures; GoldSense terms, version 1.0, 10 September 2026; NSDL Securities/Company Search.

The supplied NSDL record describes INE0TC001022 as “INDIA GOLD METAVERSE PRIVATE LIMITED EQ NEW FV RE.1/-” and separately shows face value ₹1 and active status. An ISIN identifies a specific security; a depository maintains electronic securities records. The record retains the former company name.

Unlisted Valley's intake reports no IGM-specific transfer restriction. The actual demat holding, security and transfer route must still be checked for each deal. 

Source: NSDL Securities/Company Search.

Business and revenue model

IGM combines bullion activity with products intended to serve bullion dealers, jewellers and gold customers. The company describes its principal offerings as follows:

Sources: official BullionX, Elanzia, GoldSense and RamMudra pages, accessed 7 October 2026; GoldSense terms, 10 September 2026.

The FY26 report records bullion dealing alongside continued platform development and proof-of-concept work: testing whether a technology works before wider deployment. It does not separately disclose device fees, platform subscriptions or commissions, or establish paid-product volumes and margins. Bullion sales therefore cannot be read as evidence of profitable technology offerings. The August–September launches described below occurred after the March year-end results.

Source: India Gold Metaverse Limited Annual Report 2025–2026, business description and standalone revenue note.

For the customer groups and product mechanics, read how IGM's business model works.

Financial performance

Figures below are audited standalone results. FY26 and FY25 refer to years ended 31 March 2026 and 31 March 2025 respectively. Amounts are in ₹ crore except earnings per share (EPS), which is in ₹ per share. Negative values indicate losses or cash used.

Source: India Gold Metaverse Limited Annual Report 2025–2026, audited standalone income statement, balance sheet, cash-flow statement and EPS note, with FY25 comparatives. ₹ lakh figures converted to ₹ crore and rounded to two decimals; EPS is company-reported. Financial statement period: 31 March 2026.

IGM reported bullion sales in FY26 compared with nil operating revenue in FY25, but expenses exceeded total income and the annual loss widened. FY26 costs included research and development of ₹11.77 crore and a hedging/trading loss of ₹4.92 crore, alongside employee, professional and promotion expenses. Hedging means taking positions intended to offset price risk. The reported expense line combines hedging and trading losses; the annual loss cannot be attributed entirely to technology development.

The cash-flow statement shows continued cash use in operations. The annual loss also reduced year-end equity, the accounting value of assets after liabilities. These March balances precede the subsequent fundraise reporting and allotments; they are not an October cash balance or current net-worth estimate.

Source: the same annual report, other-expense note and standalone financial statements.

Shareholding and capital changes

At 31 March 2026, IGM had 92,10,00,000 fully paid equity shares of ₹1 each. The major shareholders disclosed at that date were:

Source: India Gold Metaverse Limited Annual Report 2025–2026, standalone share-capital note, 31 March 2026. This table lists selected major holders, rather than a complete or current shareholder register. Percentages reconcile to disclosed counts when rounded to two decimals.

The promoter subtable's disclosed share counts imply approximately 74.50% promoter ownership at that date, calculated by Unlisted Valley using total shares outstanding. Its printed aggregate of 74.60% does not reconcile with those counts. The historical calculation should not be used as today's promoter holding.

Source: the same annual report, promoter-shareholding subtable. Calculation: 68,61,40,800 promoter shares ÷ 92,10,00,000 total shares × 100.

The board report records preferential allotments—new shares issued to selected investors—of 9,56,70,628 shares on 2 May 2026 and 95,45,453 shares on 25 August 2026. These reconcile with report-date paid-up capital of ₹1,02,62,16,081, equivalent to 1,02,62,16,081 equity shares of ₹1. The documented post-year-end allotments changed the share count. Without an updated shareholder register, the March table cannot establish October ownership percentages.

Source: India Gold Metaverse Limited Annual Report 2025–2026, board's report and share-capital note. Report-date capital is distinct from March year-end capital and is not certified as current to 7 October.

Funding and commercial developments

A PTI report dated 27 July 2026 described an approximately ₹300 crore private-equity transaction involving IGM, including secondary placement. A secondary sale transfers existing shares between investors; its proceeds go to the selling holders. The headline amount therefore cannot be treated as ₹300 crore of fresh cash received by IGM. The report does not establish the primary/secondary split or the amount of primary proceeds actually received by IGM.

The report named investors including Ashish Kacholia, Jagdish Master, Waaree and the family offices of Ravi Sheth and Anuj Sheth. Reported participation does not establish their exact current holdings or imply an endorsement of the shares at today's quote.

Source: PTI funding report via Rediff, 27 July 2026.

Sources: IGM event record, accessed 7 October 2026; Moneycontrol appointment report, 9 September 2026.

63 moons relationship and technology costs

IGM describes Jupiter Metaverse LLP and a Kothari-led group as its promoters, and 63 moons as a technology supplier. The May 2026 63 moons filing stated that it held no direct or indirect equity in IGM at that disclosure date. Jignesh Shah's company-described mentor/coach role is also separate from a direct shareholding. IGM should not be described as a 63 moons subsidiary on this evidence.

The May filing proposed an IGMTech licensing, development and maintenance arrangement with an initial 33-year term. For FY2026–27, it estimated a transaction value of ₹34 crore plus applicable variable charges.

The proposed payment terms included ₹25 crore upfront in that year and another ₹25 crore before March 2029. For subsequent years, the proposed schedule sets annual fixed charges of ₹12 crore, alongside variable and deployment-based manpower charges. The first-year estimate is distinct from the later annual schedule.

Shareholders approved the material related-party transaction effective 20 June 2026. A related-party transaction is an arrangement involving connected parties. Approval does not establish that the estimated spending, payments or deployment have occurred.

Sources: 63 moons postal-ballot notice, filed 21 May 2026; voting result, filed 22 June 2026; IGM technology-partner and promoter roles, accessed 7 October 2026.

Separately, IGM's FY26 related-party note records ₹6 crore of software-development research and development with 63 moons. This is a historical expense disclosure, distinct from the later proposed contractual terms. Future technology economics depend on revenue earned after supplier charges and operating costs.

Source: India Gold Metaverse Limited Annual Report 2025–2026, standalone related-party transaction note, FY26.

Investor interest and the conditions for commercial progress

IGM's technology offerings, reported private-investor participation and August–September commercial announcements give investors reasons to monitor its move beyond the FY26 bullion business. The investment case depends on whether those offerings generate repeat paying customers and sustainable earnings.

The useful measures to watch are separately disclosed product revenue, margins after technology and service costs, operating cash generation and the amount of primary funding actually received. The larger annual loss, trading-related loss and negative operating cash flow show why product launches and investor names alone are insufficient to assess business value. The development-stage opportunity remains subject to execution, funding and shareholder-liquidity risk.

Basis: interpretation of the annual financials, financing report, product announcements and technology arrangement cited above; not a forecast or investment recommendation.

Risks of investing in IGM unlisted shares

Sources: India Gold Metaverse Limited Annual Report 2025–2026; the cited PTI funding report and 63 moons filings; GoldSense terms; listing-status review as of 7 October 2026.

GoldSense's terms say its non-destructive purity estimates are indicative and are not certified assaying or hallmarking. Assaying means testing a metal's composition; hallmarking certifies precious-metal purity. Results must not be the sole basis for commercial, financial or legal decisions. Technical marketing should be read alongside these contractual limits.

Source: GoldSense terms, 10 September 2026.

RamMudra's digital-gold offering also carries a separate customer-protection question. SEBI's 8 November 2025 caution states that digital-gold products are outside its securities and commodity-derivatives investor-protection framework. This is a category warning, not an IGM-specific finding. The reviewed material does not independently verify RamMudra's gold reserves, custody arrangements or enforceable redemption protections. Investors should assess those customer rights separately from ownership of IGM shares.

Sources: SEBI digital-gold caution, 8 November 2025; RamMudra product description, accessed 7 October 2026.

IGM IPO and listing status

India Gold Metaverse remains an unlisted company in the sources reviewed as of 7 October 2026. No confirmed public IPO filing or listing timetable was identified. Conversion to a public limited company and a private-equity transaction do not themselves establish an IPO date.

This is the status of the public information reviewed; it does not rule out undisclosed plans or a confidential submission. Do not base a transaction on an assumed listing date.

Sources: India Gold Metaverse Limited Annual Report 2025–2026, auditor's unlisted-company description and conversion disclosure; company disclosures and bounded review of the SEBI public-issue filing index as of 7 October 2026.

How to buy or sell IGM unlisted shares

For a purchase through Unlisted Valley:

1. Share your investment requirement and obtain the available quantity and current indicative quote. The stated minimum ticket is approximate; the actual quantity and payable consideration are agreed for the deal.
2. Complete know-your-customer (KYC) checks and provide details of your demat account, which holds shares electronically. Match the demat holding to equity ISIN INE0TC001022, its ₹1 face value, paid-up status and agreed depository route; confirm applicable transfer conditions. The payer's bank-account name must match the demat holder.
3. Review the deal note, payment instructions and agreed settlement terms. Confirm the payment arrangement before the off-market transfer, which is a transfer between demat accounts outside an exchange trade.
4. Complete payment and transfer under those terms, and retain the invoice and transfer acknowledgement. Settlement depends on the counterparty, depository processing and completion of checks; no unconditional IGM transfer deadline is promised.

For a sale, share the security and quantity held. Unlisted Valley checks buyer availability and provides an indicative buy quote. Agree price, transfer documents and settlement terms before transferring. The executable sell quote may differ from the indicative price displayed on this page, and a buyer may not be available when required.

Source: Unlisted Valley business-process information; IGM commercial intake dated 7 October 2026. The process is not evidence of an observed IGM-specific settlement time.

Important disclosure

Unlisted Valley facilitates the buying and selling of unlisted shares, including India Gold Metaverse Limited. As a platform with a commercial interest in these transactions, we aim to provide balanced, factually sourced information to help investors make independent decisions.

Indicative prices, share availability and transaction terms may change based on market conditions. Information presented on this page is for educational and informational purposes only and should not be considered investment advice, a guarantee of returns or a recommendation to buy or sell shares.

Investors should independently evaluate the company's financial performance, valuation, business prospects, liquidity and associated risks before making an investment decision.