MSEI Unlisted Shares Trend
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🚀The Metropolitan Stock Exchange of India Limited (MSEI) is a recognized national-level stock exchange in India. Established in 2008, it operates under the Securities Contracts (Regulation) Act, 1956, with official recognition from the Securities and Exchange Board of India (SEBI). Additionally, MSEI was notified as a "Recognised Stock Exchange" by the Ministry of Corporate Affairs, Government of India, in December 2012. As a premier financial marketplace, the Metropolitan Stock Exchange of India Limited is committed to fostering transparency, integrity, and efficiency in the country's capital markets.
Strategic Vision
The strategic vision of MSEI is to build a future-ready exchange-dubbed the "Marketplace of the Future." The exchange envisions a financial landscape where market access is democratized for both small businesses and everyday retail participants, transcending boundaries across geographies, backgrounds, and income levels.
Comprehensive Market Operations
The Metropolitan Stock Exchange of India Limited serves as a comprehensive, technology-driven platform that facilitates seamless trading across a wide spectrum of financial instruments. MSEI is authorized to operate in the Equity Cash, Equity Derivatives, Currency Derivatives, and Debt segments. The live electronic trading platform supports a diverse array of instruments, including:
Equities and Debt Securities
Sovereign Gold Bonds
Exchange Traded Funds (ETFs)
Stock Futures and Stock Options
Index Futures and Interest Rate Futures
By integrating advanced electronic trading systems, robust risk management mechanisms, and real-time surveillance tools, MSEI ensures secure market operations for investors, brokers, and corporates.
Benchmark Indices
To support investors and product issuers with credible references for India's equity markets, the exchange offers key benchmark indices:
SX40: MSEI's flagship benchmark. It is a free-float-based index of 40 large-cap, liquid stocks designed to represent a diversified set of leading companies across key economic sectors, serving as a transparent yardstick for performance measurement.
SXBANK: A specialized index designed to accurately measure the performance of the banking sector, featuring prominent banking stocks to support targeted investment and portfolio management.
Technology & Infrastructure
Technology is at the core of MSEI's operations. The exchange is powered by a Fault Tolerant Infrastructure featuring state-of-the-art servers, routers, and firewalls equipped with Intrusion Prevention and Detection Systems. Showcasing its operational resilience, the Metropolitan Stock Exchange of India Limited achieved 100% uptime during the 2024-25 financial year. To ensure the absolute highest standards of data integrity and reliability, MSEI maintains ISO/IEC 27001:2022 certification for its Information Security Management System and ISO 9001:2015 for its Quality Management System.
Ecosystem Development and Financial Inclusion
Beyond providing a highly capable platform for trading, the Metropolitan Stock Exchange of India Limited actively contributes to the development of India's financial ecosystem. MSEI champions financial literacy, market awareness, and regulatory compliance through regional investor education programs, webinars, and global initiatives such as World Investor Week, all supported by its dedicated Investor Protection Fund Trust.
Liquidity Enhancement Initiatives
To further strengthen market depth and price discovery, the Metropolitan Stock Exchange of India Limited introduced a comprehensive Liquidity Enhancement Scheme (LES) for its Equity Segment. The core objective of this initiative is to ensure continuous two-way quotes in equity securities, significantly improve market depth, and narrow bid-ask spreads. This strategic scheme covers a wide array of eligible equity securities, including newly listed mainboard IPOs.
Under this framework, MSEI appoints designated Market Makers through a transparent, criteria-based bidding mechanism. Eligible entities must be active trading members of the exchange with a minimum net worth of INR 1 crore. These designated Market Makers are mandated to maintain a rigorous presence in the order book-requiring up to 90% uptime during key trading hours-while fulfilling strict quoting and bid-ask spread obligations across the top five order book levels.
To ensure an optimal trading environment, the Metropolitan Stock Exchange of India Limited equips Market Makers with requisite infrastructure support, including co-location facilities and dedicated message-line connectivity. Furthermore, the exchange encourages active participation and stringent compliance by offering high-performing Market Makers substantial monthly financial incentives of up to INR 40 Lakhs, alongside complete exemptions from exchange transaction charges for trades executed under the scheme. Performance is monitored daily by MSEI, utilizing a structured penalty and suspension framework to ensure continuous compliance and operational integrity.
Testing Block Quote
Figures shown in lakhs. YoY shown under each year; trend sparkline on the right.
| Particulars | FY 2022-23 | FY 2023-24 | FY 2024-25 | Trend |
|---|---|---|---|---|
| Income | ||||
| Revenue from operations | 922 | 736 | 431 | |
| Other income | 4544 | 1369 | 1307 | |
| Total Income | 5466 | 2105 | 1738 | |
| Expenses | ||||
| Operating expenses | 2324 | 2898 | 2140 | |
| Employee benefits expense | 1897 | 1657 | 1538 | |
| Finance costs | 39 | 98 | 26 | |
| Advertisement and business promotion expenses | 379 | 487 | 145 | |
| Depreciation and amortisation expense | 794 | 428 | 356 | |
| Depreciation On Right to Use Assets | 271 | 178 | 154 | |
| Other expenses | 1234 | 1118 | 864 | |
| Total Expenses | 6938 | 6864 | 5223 | |
| Loss before Exceptional items and tax | (1472) | (4759) | (3485) | |
| Loss before tax | (1993) | (4759) | (3485) | |
| Loss for the year | (1866) | (4874) | (3422) | |
| Total Comprehensive Income for the year | (1828) | (4862) | (3411) | |
| EPS (In INR) | (0.04) | (0.10) | (0.06) |
Figures shown in . YoY shown under each year; trend sparkline on the right.
| Particulars | As on 31-03-2023 | As on 31-03-2024 | As on 31-03-2025 | Trend |
|---|---|---|---|---|
| ASSETS | ||||
| 1 Non-Current Assets | 8326 | 8761 | 18532 | |
| 2 Current Assets | 21620 | 16157 | 25853 | |
| Total Assets | 29946 | 39669 | 44385 | |
| II EQUITY AND LIABILITIES | ||||
| 1 Equity | ||||
| (a) Equity Share capital | 48052 | 48052 | 59952 | |
| (b) Other equity | (23897) | (28773) | (20283) | |
| Total Equity | 24155 | 19279 | 39669 | |
| Liabilities | ||||
| 2 Non-Current Liabilities | 2225 | 2436 | 3011 | |
| 3 Current Liabilities | 3052 | 1705 | 3203 | |
| Total Equity and Liabilities | 29946 | 24918 | 44385 |
Figures shown in . YoY shown under each year; trend sparkline on the right.
| Particulars | FY 2022-23 | FY 2023-24 | FY 2024-25 | Trend |
|---|---|---|---|---|
| A. Cash flow from Operating Activities | ||||
| Net Profit / (Loss) before tax as per Statement of Profit and Loss | (1866) | (4874) | (3485) | |
| Adjustments | (2515) | (610) | (729) | |
| Operating profit/ (loss) before working capital changes | (4381) | (5484) | (4214) | |
| Total Increase / (decrease) in Current and non current assets | 301 | (448) | (1033) | |
| Total Increase / (decrease) in Current and non current Liabilities | (12836) | 58 | (1602) | |
| Cash generated from/(used in) operations | (16916) | (5874) | (6849) | |
| Net cash generated from/(used in) operating activities | (17,210) | (5639) | (6844) | |
| B. Cash flow from investing activities | ||||
| Net cash generated from/(used in) Investing Activities | 16776 | 899 | (13345) | |
| C. Cash flow from financing activities | (328) | (231) | 23568 | |
| Net Increase in Cash and Cash Equivalents | (762) | (4,971) | 3379 | |
| Cash and Cash Equivalents at Beginning of the Year | 1482 | 6342 | 1371 | |
| Cash and Cash Equivalents at End of the Year | 720 | 1371 | 4750 | |
| Add : Fixed Deposits held for more than three months | 10639 | |||
| Closing Cash and Bank Balance | 11359 | |||
| Balances as per statement of cash flows | 720 | 1371 | 4750 |
Earnings Per Share (EPS)
Negative Earnings Per Share (EPS) for Metropolitan Stock Exchange of India Limited showed a proportional 40% improvement, with MSEI's per-share loss shrinking from ₹0.10 to ₹0.06.
Profit / Loss Improvement
Thanks to reduced spending, Metropolitan Stock Exchange of India Limited narrowed its net loss by 29.8%, improving the bottom line for MSEI from a loss of ₹4,874 Lakh to ₹3,422 Lakh.
Reduction in Expenses
Metropolitan Stock Exchange of India Limited successfully cut total expenses by 23.9%, dropping MSEI's spending from ₹6,864 Lakh down to ₹5,223 Lakh year-over-year.
MSEI Revenues Decline
Operational revenue for Metropolitan Stock Exchange of India Limited plunged 41.4% (from ₹736 Lakh to ₹431 Lakh), leading to a 17.4% decline in MSEI's overall total income.
MSEI - Corporate Actions
There are currently no active or upcoming share buyback programs announced for this security.
| Issue Detail | Ratio | Issue Price | Record Date | Action |
|---|---|---|---|---|
| Rights Issue-2017 | 1:2 | ₹1.30 | Sep 7, 2017 | Read Letter of Offer |
The move aims to strengthen market infrastructure and improve services for investors, intermediaries and issuers, with the new logo reflecting a 'Young, Agile and Futuristic' focus.
The Metropolitan Stock Exchange of India (MSE) has completed the appointment of Market Makers for its equity segment. The exchange said the move is aimed at supporting price discovery and improving trading activity.
Metropolitan Stock Exchange MSE is set to launch soon, challenging the duopoly of Bombay Stock Exchange BSE and National Stock Exchange NSE in India’s capital markets.
The Metropolitan Stock Exchange is expected to become operational by January-end. It has decided to enhance liquidity through a comprehensive liquidity enhancement scheme (LES)
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MSEI Unlisted Shares Trend
This sentiment meter reflects current demand-supply conditions in the unlisted market. It is not a rating and should not be considered advice to buy, sell, or hold. Sentiments are subject to rapid change and may not be real-time.
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