M
Live · Tradable
Financial Services Exchange
MSEI
Challenger exchange with growing currency derivatives volume.
Lot Size
8,000
Min Investment
₹49,600
Face Value
₹1
Valuation
₹3,400 Cr
Price History
Price Trend
Current
₹6.20
Period Change
+11.71%
High
₹6.40
Low
₹5.55
About
MSEI — The Company
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’s the IPO?
Anticipated
FY27
MSEI is recapitalising and rebuilding volumes in currency derivatives. IPO timeline depends on sustained profitability.
Financial Health
Revenue, EBITDA & Profitability
Revenue & PAT Trend
Revenue
PAT
| Metric | FY24 · LATEST | FY23 |
|---|---|---|
| Revenue (₹ Cr) | 52 | 45 |
| EBITDA (₹ Cr) | 4 | -2 |
| PAT (₹ Cr) | -8 | -22 |
| EBITDA Margin (%) | 7.70 | -4.40 |
| PAT Margin (%) | -15.40 | — |
Valuation Compass
How MSEI stacks against listed peers
| Company | P/E | EV / EBITDA |
|---|---|---|
| BSE Ltd BSE | 45 | 28 |
| MCX MCX | 38 | 25 |
Ownership
Shareholding
Esops
10%
Retail
27%
Promoters
22%
Institutions
41%
Leadership
Management Team
L
Latika Kundu
MD & CEO
Veteran exchange executive.
✓
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
!
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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