Capgemini India Unlisted Share Price 2026
IT Services Pre-IPO Investor Guide
By Kanishk Dev Bangia | NISM Series XV Certified Research Analyst
Last Updated: May 2026 | Reg. No: NISM-202300182946
Unlike other IT companies, Capgemini Technology Services India Limited (CTSI) happens to be the biggest operations of the Capgemini SE group by far, employing 170,000+ employees who account for almost 50% of the Capgemini parent's total global workforce. Although Capgemini SE is listed on Euronext Paris with CAP ticker symbol, the Capgemini India company does not have any listing status in India itself but operates on the Pre-IPO & unlisted shares OTC market only.
For investors looking forward to investing in one of the major players in the global technology industry at a valuation of India market, Capgemini India unlisted shares seem to be the right choice. Below are all details that matter regarding Capgemini India unlisted shares in 2026.
1. Capgemini India Unlisted Share Price Today
Unlisted stocks of Capgemini India Ltd. have been trading at ₹11,130 for each unit as on early May 2026. This is the lowest lot available for buying Capgemini’s unlisted stock which includes ten units, and hence the minimum entry cost is ₹1,11,300. The 52-week range of Capgemini stock is from a minimum of ₹10,814 to ₹12,880.
Current Market Price (May 2026): ₹11,130 / share | Face value ₹10 | NSDL & CDSL eligible
Price Movement Summary
2. Capgemini India — Company Overview
Capgemini Technology Services India Limited (CTSI) is a subsidiary company of Capgemini SE (Euronext Paris: CAP), a global leader in IT and consulting services present in over 50 countries and employing more than 340,000 people worldwide. CTSI is the former IGATE Global Solutions Limited, which was incorporated in 1997. Following Capgemini SE's acquisition of IGATE Corporation in 2015, the Indian company adopted its current name in December 2016. The company was de-listed from the Indian stock market in 2008.
Quick Company Reference
3. Capgemini India Financials
The consolidated total income for CTSI was ₹28,750 crore in the financial year 2024, which was a marginal fall of 1.1% compared to ₹29,067 crore in the previous financial year. The PAT for the same financial year was ₹3,246 crore, which indicates steady growth. Source: CTSI Annual Report 2024-25, capgemini.com/in-en.
Financial Highlights (FY2023 vs FY2024)
The valuation of CTSI against other listed companies is still appealing at a P/E multiple of ~22x compared to that of TCS (~30x), Infosys (~25x), and Wipro (~20x) (Sources: UnlistedZone, September 2023). This is due to the premium on illiquidity associated with unlisted stocks, not their inherent
4. Capgemini India Listing Status
As per May 2026, Capgemini Technology Services India has yet to file its Draft Red Herring Prospectus with the Securities and Exchange Board of India (SEBI). No IPO launch date has been shared, nor any pre-IPO roadshow organized. Moreover, there is no clear plan for its standalone listing on either the National Stock Exchange (NSE) or Bombay Stock Exchange (BSE). The reason behind this is that Capgemini Technology Services India works as a wholly owned subsidiary of its French parent organization.
Peer Listing Comparison
5. Why Capgemini India Pre-IPO Is in Demand
Even though the IPO date of CTSI is not yet finalized, the shares of CTSI witness consistent demand by HNIs and family offices. There are five reasons for this.
1. Indirect Exposure to Global IT Stocks at Indian Valuations
Through the purchase of CTSI stock, one gets indirect economic exposure to the €22,096 million worth of Capgemini SE's global revenue (FY2024), but at Indian valuations. The ~22x P/E valuation of CTSI is much better value for money than Capgemini SE at Euronext, which comes with additional foreign exchange exposure.
2. Dividend Yield Characteristics
The company enjoys an established history of dividend payout policy. The operating cash flow of ₹3,687 crore in FY2024 gives it enough headroom for making future distributions to the shareholders.
3. Lower Volatility Than Indian Listed IT
Given that the company stocks trade in OTC, they do not suffer from daily volatility, index rebalancing events, and institutional liquidity concerns.
4. Virtually Debt-Free Balance Sheet
With a debt-to-equity ratio of 0.04 and a current ratio of 4.87 in FY2024, CTSI becomes one of the most conservative balance sheets among large-cap IT companies in India.
5. Structural Supply Constraints
The shares of CTSI can be purchased only through the secondary market, so there will be no new stock issuance.
6. How to Buy Capgemini India Unlisted Shares
Procuring Capgemini India unlisted shares adheres to the regular OTC procedure for acquiring pre-IPO stocks. The entire process comprises five stages:
Stage 1 - Creation of a Demat Account
You will require an active demat account from either NSDL or CDSL. The CTSI shares are transferrable through both the depositories.
Stage 2 - Identification of a Reputed Stock Broker
Contact Unlisted Axis at unlistedaxis.com/contact for procuring real-time quotations. Do not contact unknown WhatsApp stock brokers as they cannot provide ownership records.
Step 3 - KYC & Verification
Provide PAN, Aadhaar number, demat account details, and a cheque. The stock broker will verify your identification as per SEBI AML standards before making any transaction.
Step 4 - Confirm Price, Lot, and Transfer Money
Fix the prevailing price (₹11,130 for May 2026) and smallest lot size (10 stocks worth ₹1,11,300). Pay money through NEFT or RTGS in the stock broker’s verified bank account.
Step 5 - Credit to Your Demat Account (T+1 or T+2)
Once you have made the payment, the stock broker will make the off-exchange transaction. The CTSI shares will be credited to your demat account on the same day or after one working day.
7. Risks of Investing in Capgemini India Unlisted Shares
All pre-IPO investments are asymmetrically risky. In the case of CTSI, the particular risks are structural and sectoral in nature – not mere generic liquidity warnings.
No IPO: CTSI has filed no DRHP and has no IPO plans. The shares could go years being unlisted with the exit options confined to off-market resale.
Dilution due to Foreign Parent's Actions: Capgemini SE may make structural changes in the Indian company, including mergers, split-off, and further takeovers, changing its ownership and capital structure without consulting the Indian shareholders.
Cyclical IT Sector: Any downturns in global IT spendings, like those witnessed in FY2024 (revenue drop to 1.1%), will directly hit CTSI's bottom line. Further macroeconomic downturns will compress PAT and decrease dividend chances.
Currency Fluctuations/Transfer Pricing by Parent Company: CTSI gets its money mostly in USD/EUR but reports using INR. Currency fluctuations or transfer pricing issues could arise.
Inadequate Secondary Market Liquidity: The lack of an order book makes selling large positions difficult since CTSI is traded on an over-the-counter platform with little liquidity, thus risking price slippage.
Lock-Up Period of 6 Months after Listing: In case CTSI does eventually get listed on an exchange in the future, there would be a mandatory lock-up period of 6 months for retail investors after the IPO allotment. This is an important disadvantage compared to buying CTSI at the IPO stage.
8. Frequently Asked Questions
Q1: What is the current Capgemini India unlisted share price?
According to Planify.in, as of May 2026, the CTSI unlisted share price is ₹11,130 per share. Its 52-week high and low prices are ₹12,880 and ₹10,814, respectively. The lot size is 10, requiring an investment of ₹1,11,300 in the unlisted market.
Q2: Is Capgemini India listed?
No. CTSI was delisted from the Indian stock exchanges in 2008. At present, the company trades only in the unlisted and pre-IPO over-the-counter market. As of May 2026, no draft red herring prospectus (DRHP) has been submitted to SEBI.
Q3: Who owns Capgemini India?
Capgemini Technology Services India Limited (CTSI) is wholly owned by Capgemini SE of Paris, France. Capgemini SE is listed on the Euronext Paris stock exchange with the stock ticker symbol CAP.
Q4: Does Capgemini India pay dividends?
CTSI has periodically paid dividends but not every financial year. There was no dividend payment in FY2022 despite good earnings. The company has strong operating cash flow generation of ₹3,687 crore in FY2024, which provides the ability to pay future dividends.
Q5: How do you purchase unlisted shares of Capgemini India?
Open NSDL/CDSL Demat Account → Connect to authorized dealer such as Unlisted Axis → Do KYC → Fix price & transfer money through NEFT/RTGS → Receive share in Demat account within 1-2 days. Min lot size: 10 Shares (₹1,11,300 approx. at current market prices).
Q6: Does Capgemini India have any plans for going public?
No definite announcement regarding any IPO till date (as of May 2026). Being a 100% subsidiary of parent company listed in Paris, separate listing would only be possible by selling some portion of stake by parent company, something that hasn’t been done till now. Other Indian subsidiaries (Accenture, IBM) are also similarly unlisted.
Q7: Is Capgemini India a good pre-IPO investment?
CTSI represents high quality business with 0% debt, ROE of 16.19%, PAT of ₹3,246 crore & great cash generation. For those willing to wait for many years & invest in non-listed firm, it can be considered as a valid WATCH. Unsuitable for 12-18 months gainers.
Disclaimer:
This is written for educational and informational purposes only. Nothing here constitutes investment advice or a recommendation to buy or sell securities. All data is sourced from publicly available information. Investments in securities markets are subject to market risks — please read all offer documents carefully before investing.
