IPO Guru
Bajaj
MSEI ₹6.75 ▼ 2.9% 1M

MSEI Unlisted Shares

Financial Services Exchange

Challenger exchange with growing currency derivatives volume.

Read the full company profile
Indicative price
As of 11 Nov 2026
₹6.75 ▼ 2.88% in 1 month
Key facts

MSEI share details

Lot size
8,000 shares
Min. investment
₹54,000
Face value
₹1
Implied market cap
₹7,425 Cr
Valuation
₹3,400 Cr
Shares outstanding
11,000,217,033
Website
mseindia.com
ISIN
INE312K01010
CIN
U65999MH2008PLC185856
Lock-in after IPO
6 months
Price history

MSEI share price chart

1Y change
+114.29%
High
₹7.75
Low
₹2.75

Indicative off-market dealer quotes, not exchange prices. A flat stretch means the quote did not change on those days.

About

About MSEI

Metropolitan Stock Exchange of India Limited (MSEI) is one of the three SEBI-recognised stock exchanges in India. Offers equity, derivatives, currency and debt trading.
IPO outlook

When is the MSEI IPO?

Anticipated
FY27
MSEI is recapitalising and rebuilding volumes in currency derivatives. IPO timeline depends on sustained profitability.

Strengths

  • One of only 3 SEBI-recognised exchanges
  • Growing currency derivatives market share
  • Low-cost operating model

Risks

  • Loss-making operations
  • Tiny market share vs NSE/BSE
  • Dependent on regulatory tailwinds
Financials

MSEI financial performance

Revenue, profit and balance-sheet figures by fiscal year.

Revenue & PAT (₹ Cr)
Revenue PAT
Metric FY24Latest FY23
Revenue (₹ Cr) 52.00 45.00
EBITDA (₹ Cr) 4.00 -2.00
PAT (₹ Cr) -8.00 -22.00
EBITDA Margin (%) 7.70 -4.40
PAT Margin (%) -15.40 —

Swipe the table sideways for earlier years →

Peer comparison

MSEI vs listed peers

Company P/E EV / EBITDA Market cap (₹ Cr)
BSE Ltd BSE 45 28 35,000
MCX MCX 38 25 22,000

Swipe the table sideways for more columns →

Ownership

Shareholding pattern

Esops
10%
Retail
27%
Promoters
22%
Institutions
41%
Leadership

Management team

Latika Kundu
MD & CEO
Veteran exchange executive.
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Buy or sell MSEI unlisted shares

Get a live quote on WhatsApp in under 60 seconds. Current price ₹6.75. Shares are delivered to your own demat in 24–48 hours, never to a custodian.

Indicative off-market price, not an exchange quote. Read the disclaimer.

FAQs

MSEI unlisted shares: common questions

Important disclaimer

Unlisted shares are not traded on stock exchanges. Prices shown are indicative and based on off-market transactions; they may differ from eventual listing or future market prices. Exit liquidity depends on counter-party availability. SEBI mandates a 6-month lock-in on pre-IPO shares post-listing. Gains held beyond 24 months are taxed at 12.5% LTCG (no indexation). IPO Guru is not a SEBI Registered Investment Advisor. Information here is for general awareness, not personalised investment advice. Please consult your tax advisor before investing.

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