Market structure Partly-paid

Partly-paid shares on Kite

From WebNotes, a public knowledge base. Last updated 20 May 2026. Reading time ~2 min.

Partly-paid (PP) shares are equity instruments where the investor has paid only a portion of the face value at issue; the balance is due at specified intervals (calls). These shares trade on NSE / BSE with a “PP” or similar suffix.

Structure

Issue: Investor pays initial portion (e.g., 25-50%).
Call dates: Balance paid in tranches.
Final payment: Shares become fully paid.

Trading on Kite

Aspect	Partly-paid
Symbol	Underlying + “PP” suffix
Settlement	Same as common (T+1)
Tax	Equity rules apply on capital gain
Liquidity	Often thin

Call payment

If you hold partly-paid shares, you must pay the called amounts on schedule:

Notice from company / RTA.
Pay via the company’s collection mechanism.
Failure can result in forfeiture.

Risks

Missed call payment can lead to share forfeiture.
Wide price moves during call windows.
Lower liquidity than fully-paid.

External references

References

SEBI, Partly-paid shares framework, sebi.gov.in.
NSE / BSE, Listings and call schedules, exchange websites.

Reviewed and published by

WebNotes Editorial Team

The WebNotes Editorial Team covers Indian capital markets, payments infrastructure and retail investor procedures. Every article is fact-checked against primary sources, principally SEBI circulars and master directions, NPCI specifications and the official support documentation published by the intermediary in question. Drafts go through a second-pair-of-eyes review and a separate compliance read before publication, and revisions are tracked against the SEBI and NPCI rule changes referenced in the methodology section.

Last reviewed: 20 May 2026
Conflicts of interest: WebNotes is independent. No relationship with any broker, registrar or bank named in this article.