MSE's Electronic Bond Platform enables tokenised corporate bond issuance under SEBI Demat 2.0 pilot
Sep 11, 2026Read →
Metropolitan Stock Exchange (MSEI) Unlisted Shares
₹6.98▲ +1.45%As on 6th Oct 2026 · market open
Industry: financialSector: brokingDepository: NSDL, CDSL
DRHP Filed: No
Indicative price history
▲ ₹0.21(+3.10%)over 1 W
Indicative levels compiled by our team for information only — not a price feed, quote, or offer to deal.
52W Low ₹2.651Y Return +139.0%52W High ₹7.06
Key Indicators
Current Share Price
₹6.98
Unlisted market
Face Value / Share
₹1.00
Latest
Book Value / Share
₹1.20
Latest
Price to Earning (PE)
NA
TTM basis
Price / Sales
103.60
TTM revenue
Price / Book
4.60
Book value basis
Outstanding Shares
1,099.52 Cr
Latest
Market Cap
₹6,124.00 Cr
At current price
Debt / Equity
0.12
Latest
Dividend / Share
₹0.00
Declared
Dividend %
0.00%
Yield
Return on Total Assets
-8%
RoA
Return on Equity
-9%
RoE
Working Capital Return
-7%
RoWC
About Metropolitan Stock Exchange (MSEI)
Metropolitan Stock Exchange of India Limited (MSE) is recognized by Securities and Exchange Board of India (SEBI) under Section 4 of Securities Contracts (Regulation) Act, 1956. The Exchange was notified as a ""Recognized Stock Exchange"" under Section 2(39) of the Companies Act, 1956 by Ministry of Corporate Affairs, Govt. of India, on December 21, 2012.
SectorFinancial · Broking
ISININE312K01010
Face Value₹1
DepositoryNSDL, CDSL
RTAkfin technology
HQVibgyor Towers, 4th Floor, Plot no. C-62, G BlockBandra Kurla Complex, Bandra (East), Mumbai- 400098.
Financial Performance
Consolidated figures in ₹ Crore, from annual reports and public filings.
| Indicators | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 59.1 | 17.4 | 21.0 | 54.7 | 25.1 | 32.5 | 37.0 | 35.2 |
| Expense | 71.7 | 46.9 | 61.6 | 58.3 | 53.0 | 62.3 | 65.6 | 72.5 |
| EBITDA | -12.6 | -29.5 | -40.6 | -3.6 | -28.0 | -29.8 | -28.6 | -37.3 |
| Other Cost | 13.2 | 5.4 | 7.0 | 16.2 | 3.3 | 0.8 | 1.6 | 1.1 |
| PBT | -25.8 | -34.9 | -47.6 | -19.9 | -31.3 | -30.7 | -45.0 | -38.5 |
| Tax Expense | 0.0 | 0.6 | 1.2 | -1.2 | 0.4 | 0.4 | 0.9 | 2.1 |
| PAT | -25.8 | -34.2 | -48.8 | -18.7 | -31.7 | -31.1 | -45.9 | -40.6 |
| Other Inc./Exp. | 0.5 | 0.1 | 0.1 | 0.4 | 0.0 | 0.1 | -0.3 | -0.1 |
| Net Income | -25.4 | -34.1 | -48.7 | -18.3 | -31.7 | -31.0 | -46.1 | -40.7 |
| Shares O/S | 1,099.52 | 599.52 | 480.50 | 480.50 | 481.50 | 481.00 | 481.00 | 479.60 |
| EPS (₹) | -0.02 | -0.06 | -0.10 | -0.04 | -0.07 | -0.06 | -0.10 | -0.08 |
| Rev. Growth % | 239.7% | -17.1% | -61.6% | 117.9% | -22.8% | -12.2% | 5.1% | — |
| EBITDA Mgn % | -21.3% | -169.5% | -193.3% | -6.6% | -111.6% | -91.7% | -77.3% | -106.0% |
| Net Mgn % | -43.0% | -196.0% | -231.9% | -33.5% | -126.3% | -95.4% | -124.6% | -115.6% |
| EPS Growth | -66.7% | -40.0% | 150.0% | -42.9% | 16.7% | -40.0% | 25.0% | — |
Financials are as published on stockify.net.in and compiled from public filings. Refer to the audited annual report for exact figures.
Corporate Profile
Registered details, management and downloadable documents.
ISININE312K01010
PANAAFCM6942F
AddressVibgyor Towers, 4th Floor, Plot no. C-62, G BlockBandra Kurla Complex, Bandra (East), Mumbai- 400098.
RTAkfin technology
News & Press Release
MSE facilitates India’s first tokenised corporate bond under SEBI’s Demat 2.0 pilot
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Sep 1, 2025Read →
MSEI extends trading hours in bid to gain market share
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Sebi Fines MSEI, Its MD, CFO In Violation Of Securities Contracts Rules
Jul 29, 2025Read →
Depleting net worth puts MSEI’s future in limbo
Jul 29, 2025Read →
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Apr 2, 2026Read more →
Frequently Asked Questions
How to buy unlisted shares of Metropolitan Stock Exchange (MSEI)?+
Due to past performance and potential to grow, investment in Metropolitan Stock Exchange (MSEI) unlisted shares is a wise choice. At Stockify, you can easily buy and sell unlisted shares of Metropolitan Stock Exchange (MSEI). You just need to connect with our expert share brokers, and they will help you throughout the process.
How to Sell unlisted shares of Metropolitan Stock Exchange (MSEI)?+
If you are wondering how to sell Metropolitan Stock Exchange (MSEI) shares online, just fill out basic details in the form and our experts will get back to you. Right from the initial deal to the final transfer of shares, our unlisted share brokers will help. Check out the list of the best unlisted shares in India or reach out to reputed unlisted share dealers online.
What is the lock-in period of Metropolitan Stock Exchange (MSEI) unlisted shares?+
SEBI has mandated a 6-month lock-in period for pre-IPO shares from the date of listing. MSEI unlisted shares can be transferred before listing, subject to applicable rules and transaction conditions. Connect with unlisted share experts at +91-80 4113 3935 / +91-7353266646.
What is the minimum ticket size for investment in Metropolitan Stock Exchange (MSEI) unlisted shares?+
In the recent, unlisted share market in India is spreading its wings and becoming quite big. Some highly recognized companies like Reliance, HDB finance and even the National Stock Exchange are trading unlisted stocks. At Stockify, we allow you to buy and sell any number of Metropolitan Stock Exchange (MSEI) unlisted shares as per your budget or needs. Customise your unlisted share trading experience.
Is it legal to buy unlisted shares of Metropolitan Stock Exchange (MSEI) in India?+
Yes, this is 100% legal and safe to buy unlisted shares of Metropolitan Stock Exchange (MSEI). However, this is applicable when you buy Metropolitan Stock Exchange (MSEI) unlisted shares from reliable and known unlisted share dealers. You can request a quote or trade online at Stockify, we are ready to assist you.
Is Short-term capital gain tax applicable on Metropolitan Stock Exchange (MSEI) unlisted shares?+
If you sell MSEI unlisted shares within 24 months of purchase, the gains are generally treated as short-term capital gains and taxed at your applicable income-tax slab rate. Buying MSEI unlisted shares in bulk? Talk to our experts to learn more.
Is there any Long-term capital gain tax to be paid on Metropolitan Stock Exchange (MSEI) unlisted shares?+
If MSEI unlisted shares are held for more than 24 months, the gains are generally treated as long-term capital gains. LTCG on unlisted shares is currently taxed at 12.5% without indexation benefit, subject to applicable tax rules.
Applicability of Taxes on Metropolitan Stock Exchange (MSEI) unlisted shares once it is listed?+
As MSEI moves toward IPO, the tax rules will change with a holding period of long term capital asset reducing from 24 months to 12 months. After selling the NSE listed share will be taxed at a 20%. (Exception: Charged to tax at 15% for any transfer which takes place before 23-07-2024)
How to check the credit or transfers of Metropolitan Stock Exchange (MSEI) unlisted shares?+
The credit transfer process is also the same for both listed and unlisted stocks. Once the share is transferred it will be reflected in your depositary/Demat account NSDL/CDSL. You can also check it online by logging into the NSDL/CDSL account.
What is the documentation requirement for dealing in unlisted shares?+
At Stockify, we have simplified the whole process of unlisted share trading. A basic KYC is required for investing in unlisted stocks. For KYC verification, you will need to show Adhar | PAN | Demat CML For NRI |PAN|DEMAT CML| NRO Bank statement. Want to know more about how to buy unlisted shares in India? Connect with expert share brokers today!
What are expected returns on unlisted shares of Metropolitan Stock Exchange (MSEI) shares?+
There are multiple factors such as Demand/Supply of shares, valuation of the companies & multiple other factors that affect the returns on any unlisted shares. For eg. Investment of 1 Lakh in CSK shares in 2019 is worth 20 lakhs today in 2022 (20x returns in just 3 year). The return on investment of unlisted shares also varies depending on the period of holding. Estimating a return on unlisted shares requires in-depth knowledge and understanding of the industry. So, you can connect with our unlisted share experts to get a greater share of profit
What is the total IPO size of the Metropolitan Stock Exchange?+
Metropolitan Stock Exchange has not submitted DMRH to SEBI for its IPO launch as of now.
What is the face value of the Metropolitan Stock Exchange?+
Metropolitan Stock Exchange’s face value is Rs.5.
Who is the leading shareholder of the Metropolitan Stock Exchange?+
Leading shareholders of Metropolitan Stock Exchange are Radhakrishnan Damani, Nemish S Shah, State Bank Of India, Union Bank Of India, Multi Commodity Exchange, and IL&FS financial services.
How to buy Metropolitan Stock Exchange unlisted shares?+
If you want to buy Metropolitan Stock Exchange unlisted shares, you can do so through Stockify with quite an ease. Here you will get inclusive assistance throughout the stock trading process, including analysis of the financial statements of the company, revenue growth insights, EBITDA margin reports, and much more.
Can I Sell Metropolitan Stock Exchange unlisted shares?+
Yes, you can sell the Metropolitan Stock Exchange unlisted shares through Stockify. We will provide you with our client master report, and you have to transfer the Metropolitan Stock Exchange Unlisted Shares to our Demat account. Then, we will transfer the funds to the bank account provided by you.
Who is the CEO of Metropolitan Stock Exchange?+
The current CEO of the Metropolitan Stock Exchange of India (MSEI) is Ms. Latika S. Kundu. She holds the position of Managing Director and CEO, overseeing the exchange's operations and strategic initiatives.
What is traded in MSEI?+
The Metropolitan Stock Exchange of India (MSEI) offers a diverse range of financial instruments, including equity trading for approximately 1,348 companies, equity derivatives like futures and options on the SX40 index, and currency derivatives for major pairs such as USD/INR.
About Metropolitan Stock Exchange unlisted shares (Imagine Marketing Services Pvt. Ltd.)
Metropolitan Stock Exchange Background & History
The Metropolitan Stock Exchange of India (MSEI) is a national-level stock exchange recognised by SEBI. Established in 2008, MSEI began its operations in the currency derivatives (CD) market on 7th October 2008 with SEBI and RBI oversight. In 2013, the National Spot Exchange Limited (NSEL) scam came to light. This led to serious tarnishing of the reputation of MSEI, as both had NSEL, and MSEI had a common parent, Financial Technologies India Ltd. (FTIL), led by Jignesh Shah.
Only after this scam was the MCX-SX officially rebranded to what we know of MSEI today. This also led to ownership shifting to a consortium of institutional investors and public sector banks like SBI, PNB, and HDFC Bank. Then, in 2012, MSEI was officially recognised as a stock exchange under the Companies Act, 1956. The company has its registered office in Mumbai, Maharashtra.
MSEI Business Model
MSEI serves as an electronic platform for trading in different financial products, such as:
Equities,
Equity derivatives,
Currency derivatives, and
Debt securities
SEBI has also given MSEI preliminary approval to operate an SME (Small & Medium Enterprises) trading platform.
MSEI has a wide range of participants, including stockbrokers, banks, corporates, depositories, custodians, and retail and institutional investors. The exchange focuses on fast, safe, and transparent trade execution, with infrastructure. This preoccupation with technology ensures participants can trade easily and without any fear.
Besides enabling trading, the exchange is also involved in promoting financial literacy and investor education in India, which is part of the heightened role of SEBI and financial inclusion.
Read more here: What Does MSEI Do? Business Model Explained
Msei board of directors list
S. No. | Name | Director Position |
1 | Ms. Upma Dada Chawdhry | Public Interest Director & Chairperson |
2 | Ms. Latika S. Kundu | Managing Director(MD) & Chief Executive Officer (CEO) |
3 | Mr. Ashok Kumar Dogra | Public Interest Director |
4 | Mr. Chittaranjan Kajwadkar | Public Interest Director |
5 | Mr. Rakesh Kumar Srivastava | Public Interest Director |
MSEI Subsidiaries
The MSEI has two subsidiaries:
Subsidiary 1 - MCX-SX KYC Registration Agency Limited :
It is a wholly-owned subsidiary company undertaking the business of a KYC (Know Your Customer) registration agency and other SEBI-regulated allied activities.
Subsidiary 2 - Metropolitan Clearing Corporation of India Limited (MCCIL):
It has an agreement with Indian Commodity Exchange Limited (ICEX) to offer clearance and settlement services for trade on the stock exchange.
The current msei share price consolidates the performance of these two subsidiaries. Let's explore some details about the Metropolitan Stock Exchange (MSEI) Unlisted Shares.
MSEI
Who are the top shareholders of MSEI?
MSEI is owned by a diversified group of shareholders with a mix of domestic banks, private equity firms, and individual investors.
Here are the top shareholders and investors in MSEI:
A) Banks and Financial Institutions
Shareholder Name | Percentage (%) |
Union Bank of India | 3.3% |
State Bank of India | 2% |
Bank of Baroda | 1.9% |
Punjab National Bank | 1.8% |
Indian Bank | 1.6% |
B) Institutes and corporates
The Multi-Commodity Exchange of India (MCX) owns 6.9% of MSEI. Other corporates like Billionbrains Garage Ventures (Groww's parent company) and Rainmatter Investments (funding arm of Zerodha) have invested in MSEI.
C) Prominent Individual Investors
Many well-known investors like R.K. Damani, Narendra Dedhia and Nemish Shah give a signal of hope for growth in msei unlisted shares.
Msei unlisted share price overview
Metropolitan Stock Exchange is not listed in major stock exchanges like BSE (Bombay Stock Exchange) or NSE (National Stock Exchange). However, Metropolitan Stock Exchange unlisted shares are traded in the grey market via an off-market mode or over-the-counter.
For the last few years, the msei share price has fluctuated between Rs. 1 and Rs. 2 per equity share. But things changed from Nov 24.
Till Nov 24, msei unlisted share price was trading around Rs 2 per share. In December 24, MSEI raised Rs 238 crore from investors like Billionbrains Garage Ventures, the promoter entity of Groww; Rainmatter Investments of Kamath brothers of Zerodha, Securicorp Securities India, and Share India Securities. This led to the metropolitan stock exchange share price peaking at Rs 13 per share on December 24.
Even after the funding, investors looked doubtful of the long-term growth and revival of MSEI, making the msei unlisted share price reduced to trading between a range of Rs 7-8 per share. The board of directors are trying to revive MSEI and has raised a fresh funding round of Rs 1,000 crore. However, investors don't see the revival plans being implemented, which reduced the metropolitan share price to Rs 6 per share.
By end of Jan 25 and beginning of Jan 26, the mse share price jumped to by almost 2 times in 1 week, from 3.6 per share to 7.5 per share. This happened due to the restart of trading operations, along with SEBI approving the Liquidity Enhancement Scheme. Traded value activity grew from Rs 1.8 crore on 2nd March to Rs 17.3 crore on April 7th, 2026.
MSEI Revival Plans
MSEI has recently raised Rs 1,000 crore. With that funding, MSEI has different possibilities to revive its business.
This can be done in the following ways:
Rebuild identity around niche dominance, not mass replication – MSEI should not compete directly with NSE/BSE, it will bleed a lot of cash. Instead, go for niche dominance in sectors like fintech integrations and building an SME + Start-up IPO exchange.
Product-led differentiation – MSEI can launch innovative retail-first products, such as micro F&O contracts and ESG + Women-led Company indices, and win a niche investor mindset.
Build trust with SEBI- MSEI can appoint a SEBI-backed independent board with retired regulators and fintech leaders. Plus it can introduce mandatory liquidity guarantees or SLAs to avoid the “dead market” tag.
Liquidity enhancement scheme (LES) and market makers appoinment- MSEI has introduced LES to increase trading activity on the stock exchange. This includes appointing market makers who constantly place buy and sell orders in increase participation.
Why buy msei unlisted share unlisted shares?
The Metropolitan Stock Exchange of India wаnts tо launch its initial publiс оffеring in thе nеxt twо уеаrs, fоllоwng thе fооtstерs оf lаrgеr рееrs, the exchange expects to become profitable in the next two years and to go public. So, it's an opportunity for retail investors to seek good returns on their investment in the Metropolitan Stock Exchange's unlisted shares.
How to buy Metropolitan Stock Exchange shares?
If you have decided to invest in the MSEI unlisted shares based on the information and insights presented above, you can rely on Stockify. Our specialists focus on providing users with a thorough review of pre-IPO companies' financial statements. Furthermore, we will provide you with access to EPS reports, KPIs (Key Performance Indicators), EBITDA margin reports, and much more.
At Stockify, we make buying MSEI Unlisted Shares simple and convenient. Analyse the information and data made available above to evaluate your needs, and our specialists will help you extensively with unlisted share trading.
Check Msei unlisted share price updates at Stockify
We keep monitoring stock market trends and variations in the msei unlisted share price. If you are willing to buy Metropolitan Stock Exchange pre-IPO stocks, visit Stockify for real-time updates, as we upgrade msei unlisted share daily. Register for our standard newsletter or check our latest unlisted share prices.
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Metropolitan Stock Exchange (MSEI) · Unlisted
₹6.98