Ticker Limited
1 MAbout Ticker Limited
A Comprehensive Overview of Price & Journey
Understanding Ticker Limited Inception and Growth
Ticker Limited is an unlisted company trading in the private market. Unlike listed companies, the valuation and share price of unlisted or Pre-IPO companies is determined via negotiation and demand & supply Ticker Limited unlisted shares.
Investors looking for diversification of their portfolio should carefully analyze the Ticker Limited unlisted share price, valuation, and research report for the latest year. This is the comprehensive coverage of Ticker Limited's unlisted share that answers simple questions of investors, such as how to buy unlisted/pre-IPO shares of Ticker Limited, what Ticker Limited does, and How Ticker Limited has performed in recent years.
Section 1 – Overview
Ticker Limited is an unlisted Indian company operating in the fintech space. Ticker is a subsidiary of 63 Moon Technologies. The company was incorporated in February 2005, headquartered in Mumbai. It is a leading player in covering equities, commodities, fixed income, currencies, agricultural products, virtual digital assets, and others. It uses ultra-low latency feeds to provide real-time financial data, news, and analytics. The company reinforces a strong foothold in the fintech space with its subsidiaries—3.0 Verse Limited and Ticker Data Limited. Joseph Massey has been running the company as MD & CEO since Feb 2022. Investor interest in Ticker Limited Share and Ticker Limited Unlisted Share has grown in line with the company’s expansion in real-time financial data infrastructure and analytics services.
Section 2 – How does the Company Make Money?
The ticker engine on the following gears:
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Multi-Asset Supply Chain: This is the ingestion point in the engine. Ticker gathers data on equities and F&O with domestic and global coverage, currency and fixed data from OTC markets, commodities, agri-markets, and news feeds.
-
Data Processing: Real-time financial data loses its value if delivered late; hence, the ticker uses high-velocity tech infrastructure to ingest, process, and sync data instantly. Ticker uses NVMe SSD storage clusters and data automation frameworks to facilitate real-time data processing.
-
Analytics and Dashboard: This is the value addition layer, where the ticker converts the raw numbers into contextual data that makes more sense to traders. The ticker runs raw data through a calculation engine and feeds it into their proprietary software suites:
-
MarketView Terminal: It is a desktop platform specifically designed for active traders.
-
MarketView Data Feed: This is a raw and low-latency API stream that is directly integrated with client software.
-
TickerWealth and Mobile App: This is a dynamic and adaptable, user-friendly retail web and app-based platform.
-
Distribution: The company primarily operates on a subscription-based model. It licenses its proprietary software and API to institutional clients such as banks, mutual funds, insurance companies, corporate clients such as investment banks and treasury houses, and retail brokers, wealth advisors, and traders.
2B - Revenue Model
Ticker operates in the B2B service-as-information space. The company has multi-tier revenue streams. Companies monetize high-speed software, infrastructure integration, and value-added information processing from data consumers.
- Terminal Fees: Ticker has a recurring revenue subscription model; it monetizes its proprietary software terminals on monthly/annual basis from its flagship MarketView Terminal, MarketView Pro. High advance payments are collected from institutional desks, financial firms and corporate treasuries.
- High-Velocity Data Feed: Ticker uses high-velocity tech infra to directly feed raw data into client software. This is a volume-based billing machine for ticker.
- Other Revenue Streams: It includes add-ons and premium features that are specially designed as per client needs. It includes technical screening setup, institutional analytics, and market commentary.
Section 3: Competitors
Competition from Global Player
- Bloomberg & Refinitive: Global players like Bloomberg terminal and Refinitiv have a strong foothold in tier-1 investment banks, global fund houses, and institutional FPIs. Their per-user subscription is way higher than Ticker (Bloomberg—$33,000/user/year; Refinitive—$22,000/user/year). Making it significantly unaffordable for mid-tier price-sensitive data consumers. Hence, Ticker targets Indian mid-tier brokers, traders, treasury operations, etc., while providing hyper-localized coverage for Indian Assets.
- FactSet & Capital IQ: These are fundamental-based platforms targeting mid- to high-data consumers. Ticker competes by offering ultra-low-latency real-time Indian feed delivery and exchange connectivity like BSE, NSE, and MCX.
Competition from Domestic Players
- Accord Fintech: Accord fintech maintains a strong hold in providing analytics databases and is ingrained across Indian brokerage firms, research houses, advisory firms, and fund houses. Even though Accord excels at providing structured feeds and mutual fund API integration, Ticker competes by leveraging the infrastructure of its parent, 63 Moons, to offer even more robust and ultra-low latency feeds for trading desks.
- Dion Global and Investica: They primarily focus on back-end broker trading consoles, wealth advisory setups, and reporting tools. Ticker focuses on front-office terminal displays and raw API delivery.
- NSE/BSE Products: While these exchanges themselves act as sources of data and competitors as well. They provide raw data feeds, but the ticker offers a unified dashboard layout that is more useful at the trading desk. Acquiring raw data requires software licensing and API integration to make it useful.
Emerging Indian Fintech Players
- Tijori Finance, Screener.in, & Trendlyne
- Tickertape (Smallcase), Moneycontrol Pro, & IIFL Markets
- In-House Broker Infrastructure (Zerodha Kite, Groww, Angel One)
Section 4: Corporate History & Ownership
Ticker has not raised funding directly from venture capital, private equity, or any institutional investors. From the incorporation, the subsidiary is fully funded and backed by parent—63 Moons. But November 2025 marks a shift to strategic capital structuring. On 25 November 2025, the ticker allotted 7.3 crore fresh equity shares at a face value of Rs. 20, infusing a total of 146 Crore of capital into the company. It was a private placement—meaning shares were allotted to a selected group of closely aligned strategic investors, business associates, and HNI. After the private placement, the parent maintains its ownership at 67.49%. This has further increased attention in Ticker Limited IPO discussions among market participants, although no formal listing announcement exists.
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Ticker Limited is an unlisted company trading in the private market. Unlike listed companies, the valuation and share price of unlisted or Pre-IPO companies is determined via negotiation and demand & supply Ticker Limited unlisted shares.
Investors looking for diversification of their portfolio should carefully analyze the Ticker Limited unlisted share price, valuation, and research report for the latest year. This is the comprehensive coverage of Ticker Limited's unlisted share that answers simple questions of investors, such as how to buy unlisted/pre-IPO shares of Ticker Limited, what Ticker Limited does, and How Ticker Limited has performed in recent years.
Section 1 – Overview
Ticker Limited is an unlisted Indian company operating in the fintech space. Ticker is a subsidiary of 63 Moon Technologies. The company was incorporated in February 2005, headquartered in Mumbai. It is a leading player in covering equities, commodities, fixed income, currencies, agricultural products, virtual digital assets, and others. It uses ultra-low latency feeds to provide real-time financial data, news, and analytics. The company reinforces a strong foothold in the fintech space with its subsidiaries—3.0 Verse Limited and Ticker Data Limited. Joseph Massey has been running the company as MD & CEO since Feb 2022. Investor interest in Ticker Limited Share and Ticker Limited Unlisted Share has grown in line with the company’s expansion in real-time financial data infrastructure and analytics services.
Section 2 – How does the Company Make Money?
The ticker engine on the following gears:
-
Multi-Asset Supply Chain: This is the ingestion point in the engine. Ticker gathers data on equities and F&O with domestic and global coverage, currency and fixed data from OTC markets, commodities, agri-markets, and news feeds.
-
Data Processing: Real-time financial data loses its value if delivered late; hence, the ticker uses high-velocity tech infrastructure to ingest, process, and sync data instantly. Ticker uses NVMe SSD storage clusters and data automation frameworks to facilitate real-time data processing.
-
Analytics and Dashboard: This is the value addition layer, where the ticker converts the raw numbers into contextual data that makes more sense to traders. The ticker runs raw data through a calculation engine and feeds it into their proprietary software suites:
-
MarketView Terminal: It is a desktop platform specifically designed for active traders.
-
MarketView Data Feed: This is a raw and low-latency API stream that is directly integrated with client software.
-
TickerWealth and Mobile App: This is a dynamic and adaptable, user-friendly retail web and app-based platform.
-
-
Distribution: The company primarily operates on a subscription-based model. It licenses its proprietary software and API to institutional clients such as banks, mutual funds, insurance companies, corporate clients such as investment banks and treasury houses, and retail brokers, wealth advisors, and traders.
2B - Revenue Model
Ticker operates in the B2B service-as-information space. The company has multi-tier revenue streams. Companies monetize high-speed software, infrastructure integration, and value-added information processing from data consumers.
- Terminal Fees: Ticker has a recurring revenue subscription model; it monetizes its proprietary software terminals on monthly/annual basis from its flagship MarketView Terminal, MarketView Pro. High advance payments are collected from institutional desks, financial firms and corporate treasuries.
- High-Velocity Data Feed: Ticker uses high-velocity tech infra to directly feed raw data into client software. This is a volume-based billing machine for ticker.
- Other Revenue Streams: It includes add-ons and premium features that are specially designed as per client needs. It includes technical screening setup, institutional analytics, and market commentary.
Section 3: Competitors
Competition from Global Player
- Bloomberg & Refinitive: Global players like Bloomberg terminal and Refinitiv have a strong foothold in tier-1 investment banks, global fund houses, and institutional FPIs. Their per-user subscription is way higher than Ticker (Bloomberg—$33,000/user/year; Refinitive—$22,000/user/year). Making it significantly unaffordable for mid-tier price-sensitive data consumers. Hence, Ticker targets Indian mid-tier brokers, traders, treasury operations, etc., while providing hyper-localized coverage for Indian Assets.
- FactSet & Capital IQ: These are fundamental-based platforms targeting mid- to high-data consumers. Ticker competes by offering ultra-low-latency real-time Indian feed delivery and exchange connectivity like BSE, NSE, and MCX.
Competition from Domestic Players
- Accord Fintech: Accord fintech maintains a strong hold in providing analytics databases and is ingrained across Indian brokerage firms, research houses, advisory firms, and fund houses. Even though Accord excels at providing structured feeds and mutual fund API integration, Ticker competes by leveraging the infrastructure of its parent, 63 Moons, to offer even more robust and ultra-low latency feeds for trading desks.
- Dion Global and Investica: They primarily focus on back-end broker trading consoles, wealth advisory setups, and reporting tools. Ticker focuses on front-office terminal displays and raw API delivery.
- NSE/BSE Products: While these exchanges themselves act as sources of data and competitors as well. They provide raw data feeds, but the ticker offers a unified dashboard layout that is more useful at the trading desk. Acquiring raw data requires software licensing and API integration to make it useful.
Emerging Indian Fintech Players
- Tijori Finance, Screener.in, & Trendlyne
- Tickertape (Smallcase), Moneycontrol Pro, & IIFL Markets
- In-House Broker Infrastructure (Zerodha Kite, Groww, Angel One)
Section 4: Corporate History & Ownership
Ticker has not raised funding directly from venture capital, private equity, or any institutional investors. From the incorporation, the subsidiary is fully funded and backed by parent—63 Moons. But November 2025 marks a shift to strategic capital structuring. On 25 November 2025, the ticker allotted 7.3 crore fresh equity shares at a face value of Rs. 20, infusing a total of 146 Crore of capital into the company. It was a private placement—meaning shares were allotted to a selected group of closely aligned strategic investors, business associates, and HNI. After the private placement, the parent maintains its ownership at 67.49%. This has further increased attention in Ticker Limited IPO discussions among market participants, although no formal listing announcement exists.
Fundamentals
Financials
All values are INR Cr except per share value
| P&L Statement | 2023 | 2024 | 2025 |
|---|---|---|---|
| Revenue | 17.00 | 17.00 | 16.50 |
| Other Income | 0.90 | 2.70 | 2.70 |
Revenue Growth
PAT Growth %
EPS Growth %
TOTAL ASSETS Growth %
QUICK RATIO Growth %
LONG TERM DEBT TO EQUITY RATIO Growth %
Frequently Asked Questions
Upon successful completion of a deal, the unlisted shares are credited electronically directly to your standard demat account that is usually created with CDSL or NSDL (Central Depository Services Limited or National Securities Depository Limited).
The lock-in period of Ticker Limited varies depending on the category of the investor:
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Venture capital or foreign venture capital investors are subject to lock-in period of 6 months from the date of acquisition of shares
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For AIF investors of Category-II are not subject to any lock-in.
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Any other investor, including retail investors, HNI or corporate investors are subject to a lock-in period of 6 months from the date of listing.
Note – The above-mentioned lock-in is for mainboard, however for SME IPO the applicable lock-in period is 1 Year.
There is no regulatory minimum limit to invest in unlisted shares. However, minimum investment size varies with the per share price. Earlier, the typical investment size often ranges between 70K – 100K, but with the growing awareness and increased participation the investment size has been down sized to 50k.
Short-Term Capital Gain tax is applicable when you sell your unlisted shares within a year from date of acquisition. Realized gain is taxable at your slab rate after consolidating in total income for the year. Hence, the rate of tax depends on your overall income for the particular financial year.
Long-Term Capital Gain taxes are applicable when you sell your unlisted shares after two years from the date of acquisition. LTCG tax is calculated on profits realized on sale of unlisted shares at 12.5%. Investors particularly retail or HNI must understand the concept clearly as it impacts strategy and tax planning.
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You can download the NSDL or CDSL application and login into the account and check whether the shares have been credited or not.
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Credit of Unlisted Shares/Pre-IPO shares can be checked in brokers application as well but it takes T+2 days to show the shares.
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You would also get email confirmation of credit of shares via email.
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The value of share in unlisted space is determined in the same way as it is done in the listed market. Demand and supply decide the price of any share. If the demand is more than the supply, then the price of the share increases and vice versa.
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When a new share is introduced in the unlisted space, the value of the company is decided upon the last funding raised by the company. If the company hasn’t raised any funding in the past, then the valuation is decided upon the fundamentals of the company.
Yes, investing in unlisted shares is legal in India, the activity is regulated and governed under the rules and guidelines laid by SEBI (Securities and Exchange Board of India). Related parties must comply with the regulations and guidelines to ensure legal and financial standards.
Investing in unlisted shares in India carries a significant and distinctive risk profile such as limited liquidity, lack of transparent pricing and regulatory oversight because unlisted shares do not trade on listed stock exchange, they are bought or sold in OTC (over the counter) market that makes vulnerable to following risks:
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Liquidity risk, unlisted shares are difficult to buy and sell,
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Lack of transparent pricing, as share price of pre-IPO or unl;isted company is often determined by narrative not fundamentals
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Lack of information disclosure, unlisted companies are not mandated for disclosures like listed companies
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Tax ambiguity, because determination of fair market value and cost of acquisition of unlisted shares is often disputed
Hence, investors should carefully examine related facts before investing in Pre-IPO or unlisted shares.
Like any other financial product or commodity, the price of unlisted shares is discovered at the intersection of demand from buyers and supply from sellers of particular unlisted shares.
The two determinants of price are dynamic factors and keep changing constantly, hence share price tends to fluctuate constantly – every day, every minute.