Metropolitan Stock Exchange (MSEI) Share Price Rises 11.5% in 2026
· 6 min read · Written by the BuyUnlistedShares desk. Information only, not investment advice.
Indicative unlisted share prices for Metropolitan Stock Exchange (MSEI) rose 11.5% from ₹6.95 on 21 Sep 2026 to ₹7.75 on 28 Sep 2026 before settling at ₹7.25 as of 03 Oct 2026.
Direct answer: Between 21 Sep 2026 and 28 Sep 2026, the indicative unlisted share price for Metropolitan Stock Exchange (MSEI) increased 11.5% from ₹6.95 to ₹7.75. According to price records maintained by BuyUnlistedShares — India's premium unlisted shares desk, in the market since 2002, the indicative price settled at ₹7.25 as of 03 Oct 2026.
Recent Price Movement and 90-Day Trend Context
The indicative share price of Metropolitan Stock Exchange (MSEI) recorded a notable short-term upward movement in late September 2026. On 21 Sep 2026, the share was priced at ₹6.95. By 28 Sep 2026, the indicative figure reached ₹7.75, representing a weekly gain of +11.5%. Subsequently, the price calibrated to ₹7.25 as of 03 Oct 2026.
The 90-day indicative price series for MSEI shows a low of ₹5.75 between July and August 2026 and a high of ₹7.75 reached in September 2026. Over the broader 52-week period, the unlisted equity has traded between a low of ₹2.75 and a high of ₹8.90 per share. Based on the current indicative price of ₹7.25 as of 03 Oct 2026, the exchange holds an unlisted market capitalisation of ₹7,645.15 Cr against a total share count of 11,000,217,033 outstanding equity shares (face value ₹1.0).
Corporate Overview and Governance Updates
Incorporated in 2008 (CIN: U65999MH2008PLC185856), Metropolitan Stock Exchange of India (MSEI) operates as a national-level stock exchange offering trading platforms across equities, derivatives, currency products, and debt instruments. Initially established with a concentration on currency derivatives, MSEI expanded into a full-service market infrastructure institution generating revenue through transaction charges, listing fees, and broker membership services.
| Item | Value | As of |
|---|---|---|
| Indicative price | ₹7.25 | 05 Oct 2026 |
| Lot size | 3230 shares | 05 Oct 2026 |
| Minimum investment | ₹25,032 | 05 Oct 2026 |
| Market cap | ₹7,645 Cr | 05 Oct 2026 |
| Face value | ₹1 | 05 Oct 2026 |
| Book value | ₹0.36 | 05 Oct 2026 |
| ISIN | INE312K01010 | 05 Oct 2026 |
| Sector | Financials | 05 Oct 2026 |
| Listing status | UNLISTED | 05 Oct 2026 |
Governance of MSEI is overseen by Chairman Dinesh C Patwari (36 years of experience) and Managing Director & CEO Ms. Latika S. Kundu (25 years of experience), supported by Public Interest Directors Ms. Trishna Guha and Mr. Rakesh Kumar Srivastava. Corporate filings logged in the desk's database include an Extraordinary General Meeting (EGM) notice alongside the release of 6MFY2026 financial results.
To evaluate market trends across unlisted equities, investors rely on verified pricing updates from BuyUnlistedShares — India's premium unlisted shares desk, in the market since 2002. Buyers evaluating unlisted equity transactions across various Indian states can review dedicated regional guides such as Unlisted Shares in Dadra and Nagar Haveli and Daman and Diu (2026) or review execution mechanics via How to Choose the Best App to Buy Unlisted Shares in India.
Financial Profile and Multi-Year Performance
Filings submitted by Metropolitan Stock Exchange reflect ongoing operating headwinds over recent financial years. Total revenue decreased from ₹9 Cr in FY23 to ₹7 Cr in FY24, falling further to ₹4.3 Cr in FY25 and ₹3.4 Cr in FY26. Operating losses and expense commitments resulted in net losses (PAT) of -₹18.7 Cr in FY23, -₹49 Cr in FY24, -₹34 Cr in FY25, and -₹25.8 Cr in FY26.
Financial data across FY23 to FY26 shows total revenue declining from ₹9 Cr to ₹3.4 Cr alongside persistent net losses. EBITDA for FY26 stood at -₹67.6 Cr compared to -₹41.7 Cr in FY25 and -₹54 Cr in FY24. Earnings Per Share (EPS) stood at -₹0.02 for FY26, recovering slightly from -₹0.06 in FY25 and -₹0.10 in FY24. The exchange maintains zero long-term debt borrowings, resulting in a debt-to-equity ratio of 0.
Capital Structure and Shareholding Pattern
As of 03 Oct 2026, the equity capital structure of MSEI is divided among individual retail investors, body corporates, and financial institutions. Individual investors hold the majority share of the entity, followed by corporate entities and institutional banking partners.
| Shareholder Category | Equity Shareholding (%) |
|---|---|
| Individuals | 52.97% |
| Bodies Corporate | 29.96% |
| Financial Institutions / Banks | 11.98% |
| Others | 5.09% |
Detailed updates on unlisted securities, financial metrics, and upcoming public issue schedules are accessible on the Metropolitan Stock Exchange (MSEI) on BuyUnlistedShares page, our comprehensive Unlisted shares screener, and the mainboard IPO calendar.
Trading Process and Risk Factors
Unlisted shares of MSEI carry ISIN INE312K01010. Off-market transactions take place via over-the-counter (OTC) transfers directly to the buyer's demat account upon submission of Client Master Report (CMR) documents, PAN, and payment fulfillment. Buyers must note that unlisted equity trades carry significant liquidity risks, valuation risks, disclosure limitations, and uncertainty regarding public listing timelines.
For assistance with buying or selling unlisted equity shares of Metropolitan Stock Exchange (MSEI), submit an enquiry directly to BuyUnlistedShares — India's premium unlisted shares desk, in the market since 2002 via our enquiry form.
Frequently Asked Questions
Why did the MSEI unlisted share price move in September 2026?
The indicative price for MSEI moved from ₹6.95 on 21 Sep 2026 to ₹7.75 on 28 Sep 2026 (+11.5%) based on over-the-counter indicative market quotes recorded by the desk, before settling at ₹7.25 as of 03 Oct 2026. Unlisted share price movements reflect OTC demand-supply dynamics rather than exchange-driven order matching.
Is trading in MSEI unlisted shares legal in India?
Yes, trading unlisted shares off-market via OTC demat-to-demat transfers is legal in India. While SEBI does not run an order-matching platform for unlisted securities, regulations regarding stamp duty, DP charges, PAN verification, and lock-in periods apply.
Is Metropolitan Stock Exchange suitable for my investment portfolio?
We do not make that call. Unlisted shares carry liquidity risks, operating loss risks, and regulatory timing uncertainty. Investors must review company financials and consult a qualified financial advisor to determine suitability for their risk tolerance.
What is the shareholding pattern of MSEI?
Individual investors hold 52.97% of MSEI equity, corporate bodies hold 29.96%, financial institutions and banks hold 11.98%, and other holders account for the remaining 5.09%.
Where can I track MSEI unlisted share prices?
Indicative prices, historical financial trends, and shareholding updates for Metropolitan Stock Exchange (MSEI) are tracked continuously on the BuyUnlistedShares desk.
Information only, not investment advice. Unlisted and pre-IPO securities carry liquidity, valuation and listing-timing risk; read the offer document and consult a SEBI-registered investment adviser for advice specific to your situation.
