Metropolitan Stock Exchange (MSEI) Unlisted Share Price

Metropolitan Stock Exchange (MSEI) logo

Metropolitan Stock Exchange (MSEI) unlisted share ​​​⁠​​​⁠​​​​⁠​​⁠⁠​⁠⁠​​⁠⁠⁠⁠⁠⁠​​⁠⁠⁠⁠​⁠⁠​​​​⁠⁠​⁠​⁠⁠⁠​​​⁠​​​​⁠​⁠⁠​⁠⁠⁠​⁠​​​⁠⁠​⁠⁠​​⁠​​​​⁠​​⁠​​price is ₹7.25 per share (indicative, as of 18 Oct 2026). Minimum ticket ₹25,000 (lot of 3230 shares), the same for every company. Sector: Financials. Status: unlisted, no DRHP on record.

All unlisted share prices: dated indicative prices for every company the desk tracks.

Updated 19 Oct 2026, 08:01 IST. Dated dealer references.

BuyUnlistedShares tracks 230 unlisted companies with dated prices; Metropolitan Stock Exchange (MSEI)’s indicative price ​​​⁠​​​⁠​​​​⁠​​⁠⁠​⁠⁠​​⁠⁠⁠⁠⁠⁠​​⁠⁠⁠⁠​⁠⁠​​​​⁠⁠​⁠​⁠⁠⁠​​​⁠​​​​⁠​⁠⁠​⁠⁠⁠​⁠​​​⁠⁠​⁠⁠​​⁠​​​​⁠​​⁠​​is ₹7.25 per share as of 19 Oct 2026, a lot of 3230 shares.

Key facts

Indicative price
₹7.25 per share
Price as of
18 Oct 2026
Minimum investment
₹25,000
Lot size
3,230 shares
Sector
Financials
Listing status
Unlisted
Settlement
Demat to demat; terms agreed in writing for each deal
Last updated
19 Oct 2026, 08:01 IST

Indicative and dated. BuyUnlistedShares deals as principal.

Sourced key facts

Legal name
Metropolitan Stock Exchange of India Limited (MSE / MSEI), formerly MCX Stock Exchange (MCX-SX) (Source: Inc42 Datalabs, as of 8 Oct 2026)
Founded
2008, as MCX-SX (initially currency derivatives) (Source: Finshots, as of 16 Jan 2026)
FY25 revenue
₹4.31 crore revenue from operations (total income ₹17.38 crore), down from ₹7.36 crore in FY24 (Source: MSEI Annual Report 2024-25, as of FY25)
FY25 net loss
₹34.22 crore (Source: MSEI Annual Report 2024-25, as of FY25)
Capital raised (Dec 2024)
₹238 crore private placement from Billionbrains Garage Ventures (Groww), Rainmatter Investments (Zerodha), Share India Securities and Securocorp Securities India (Source: Outlook Business, as of 26 Dec 2024)
Capital raised (2025)
₹1,000 crore from Peak XV Partners, Jainam Broking, Monarch Networth and Trust Investment Advisors (Source: Outlook Money, as of Jan 2026)
Major shareholders
Zerodha (via Rainmatter Investments), Groww (via Billionbrains Garage Ventures) and Peak XV Partners (Source: Finshots, as of 16 Jan 2026)
Trading relaunch
Equity cash segment relaunched on upgraded systems on 27 January 2026 (Source: MSEI press release, as of 27 Jan 2026)
Listing status
Unlisted; its own shares are not traded on NSE or BSE, and no IPO filing has been reported (Source: Finshots, as of 16 Jan 2026)

Last updated 8 Oct 2026. Facts only, each from the source linked; not a rating or a recommendation.

Buying at a glance

Minimum ticket
₹25,000
Price shown
Indicative, dated 18 Oct 2026
Delivery
Shares are credited to your demat account

Enquire

In plain words

Lock-in if it lists
Shares bought before an IPO are generally locked in for six months from the IPO allotment date under SEBI rules. The issue documents set the exact terms.
Demat
Yes. ISIN INE312K01010: the shares sit in your own demat account and move demat to demat through NSDL or CDSL.
IPO status
Unlisted. No DRHP on record.

Facts only, not a rating or a recommendation.

Compare it against the full unlisted share price list: every company the desk quotes, each with a dated indicative price.

Indicative move: +21.8% over 3 months · +123.1% over 1 year.

Key figures

Metropolitan Stock Exchange (MSEI) key figures, as of 19 Oct 2026
Market cap₹7,975.16 Cr
Minimum investment₹25,000
Lot size3230
P/E ratio—
ROE-8.58%
Book value₹0.66
Face value₹1
52-week high₹8
52-week low₹2
ISININE312K01010
Dividend yield—

Financials (₹ Cr)

Metropolitan Stock Exchange (MSEI) financials, ₹ Cr
MetricFY23FY24FY25
Revenue9.007.004.30
PAT-18.7-49.0-34.0
EPS (₹)-0.04-0.10-0.06

About the company

Metropolitan Stock Exchange of India (MSEI) is a national-level stock exchange that facilitates trading in financial ​​​⁠​​​⁠​​​​⁠​​⁠⁠​⁠⁠​​⁠⁠⁠⁠⁠⁠​​⁠⁠⁠⁠​⁠⁠​​​​⁠⁠​⁠​⁠⁠⁠​​​⁠​​​​⁠​⁠⁠​⁠⁠⁠​⁠​​​⁠⁠​⁠⁠​​⁠​​​​⁠​​⁠​​instruments such as equities, derivatives, currency products, and debt securities. Originally launched as a platform focused on currency derivatives, MSEI later expanded into other segments to become a full-service exchange.

Prices shown are indicative and dated. Unlisted shares are illiquid and values can move sharply.

Registered in Maharashtra.

Registry

Company facts

Metropolitan Stock Exchange (MSEI) company facts
CINU65999MH2008PLC185856
Incorporated2008
ISININE312K01010
Face value₹1
DepositoryNSDL & CDSL
Websitemseindia.com
Shares outstanding11,00,02,17,033
Lot size3230 shares
Minimum units1440
DRHPNot filed

Financial statements (₹ Cr)

Metropolitan Stock Exchange (MSEI) financials by year, ₹ Cr
MetricFY23FY24FY25FY26FY26 vs FY25
Revenue974.33.4−20.9%
EBITDA−49−54−41.7−67.6−62.1%
EBIT−60−60−46.8——
Finance cost0.410.26——
Profit before tax−20−48−35−25.8+26.3%
Tax−1.31−1——
Profit after tax−18.7−49−34−25.8+24.1%
EPS (₹)−0.04−0.1−0.06−0.02—
Operating margin−544.4%−771.4%−969.8%——
Net margin−207.8%−700%−790.7%——
Share capital210.6480.5599.5——
Reserves & surplus—−288−203——
Net worth—192.5396.5——
Fixed assets1411.58.7——
Capital work in progress0.4—30——
Investments7349172——
Trade receivables130.8——
Trade payables—30.8——
Cash from operations−172.3−59−68——
Cash from investing1689−133——
Cash from financing−3.3−2235——
Net cash generated−7.6−5034——
Cash at year end7.41348——

Key ratios and valuation

Metropolitan Stock Exchange (MSEI) key ratios at the indicative price of ₹7.25
MeasureValueBasis
Indicative price₹7.25dealer reference, 18 Oct 2026
Market cap₹7,975.16 Crprice × 11,00,02,17,033 shares
P/E—loss-making, n/a
P/B10.98xprice ÷ book value ₹0.66
EPS₹−0.02per share, FY26
Book value₹0.66per share, latest books
RoE−8.58%return on equity, latest FY
Debt / equity0latest balance sheet
Dividend yield—
Face value₹1per share
52-week range₹2 – ₹8316 dated quotes, last 12 months
Shares outstanding11,00,02,17,033per company record

Shareholding pattern

Metropolitan Stock Exchange (MSEI) shareholding pattern (latest in our records)
CategoryHolder% of equity
InstitutionsFinancials Institutions/banks11.98%
OthersBodies Corporate29.96%
PublicIndividuals52.97%
OthersOthers5.09%

Institutions 11.98% · Public 52.97% · Others 35.05%

Management and promoters

Metropolitan Stock Exchange (MSEI) management
NameDesignationExperience
Dinesh C PatwarChaiman36 yrs
Ms. Latika S.kunduMD & Ceo25 yrs
Ms. Trishna GuhaPublic Interest Director20+
Mr. Rakesh Kumar SrivastavaPublic Interest Director20+

News and insights

Corporate actions and events

Metropolitan Stock Exchange (MSEI) corporate actions and events
DateTypeDetailRatio / amountSource
UndatedEgmEGM NOTICE OF MSEI—Desk note
UndatedOther6MFY2026 RESULTS OF MSEI—Desk note

Reports and filings

No filings uploaded yet.

Annual reports

Frequently asked questions

What is the MSEI (Metropolitan Stock Exchange) unlisted share price today?

MSEI's indicative unlisted share price is ₹7.25 per share, dated 18 Oct 2026: the same figure as the dated price line at ​​​⁠​​​⁠​​​​⁠​​⁠⁠​⁠⁠​​⁠⁠⁠⁠⁠⁠​​⁠⁠⁠⁠​⁠⁠​​​​⁠⁠​⁠​⁠⁠⁠​​​⁠​​​​⁠​⁠⁠​⁠⁠⁠​⁠​​​⁠⁠​⁠⁠​​⁠​​​​⁠​​⁠​​the top of this page. It is a dated reference, not an exchange quote, and the price for an actual deal is confirmed in writing before you pay.

How do I buy MSEI unlisted shares?

Send the enquiry form on this page with the quantity you want, and a person on the BuyUnlistedShares desk calls you back. You need a demat account (NSDL or CDSL) and your PAN. You pay only ​​​⁠​​​⁠​​​​⁠​​⁠⁠​⁠⁠​​⁠⁠⁠⁠⁠⁠​​⁠⁠⁠⁠​⁠⁠​​​​⁠⁠​⁠​⁠⁠⁠​​​⁠​​​​⁠​⁠⁠​⁠⁠⁠​⁠​​​⁠⁠​⁠⁠​​⁠​​​​⁠​​⁠​​into the company bank account of Gayatri Financial Synergy LLP, never to an individual, and the shares are delivered to your own demat account. The minimum ticket is ₹25,000.

When is the MSEI IPO date?

There is no IPO date. MSEI has no DRHP on record and no IPO filing has been reported.

Is MSEI listed on NSE or BSE?

No. MSEI operates a stock exchange, but its own shares are unlisted and are ​​​⁠​​​⁠​​​​⁠​​⁠⁠​⁠⁠​​⁠⁠⁠⁠⁠⁠​​⁠⁠⁠⁠​⁠⁠​​​​⁠⁠​⁠​⁠⁠⁠​​​⁠​​​​⁠​⁠⁠​⁠⁠⁠​⁠​​​⁠⁠​⁠⁠​​⁠​​​​⁠​​⁠​​not traded on NSE or BSE. They change hands off market and settle demat to demat.

What is the lot size and minimum investment for MSEI unlisted shares?

The minimum ticket is ₹25,000, the same for every company on this site. At the ​​​⁠​​​⁠​​​​⁠​​⁠⁠​⁠⁠​​⁠⁠⁠⁠⁠⁠​​⁠⁠⁠⁠​⁠⁠​​​​⁠⁠​⁠​⁠⁠⁠​​​⁠​​​​⁠​⁠⁠​⁠⁠⁠​⁠​​​⁠⁠​⁠⁠​​⁠​​​​⁠​​⁠​​indicative price of ₹7.25 per share, that is a lot of 3,230 shares.

Is there a lock-in on MSEI shares if it lists?

As a general rule, SEBI's ICDR Regulations (regulation 17) lock in all pre-IPO shares held by investors other than promoters for ​​​⁠​​​⁠​​​​⁠​​⁠⁠​⁠⁠​​⁠⁠⁠⁠⁠⁠​​⁠⁠⁠⁠​⁠⁠​​​​⁠⁠​⁠​⁠⁠⁠​​​⁠​​​​⁠​⁠⁠​⁠⁠⁠​⁠​​​⁠⁠​⁠⁠​​⁠​​​​⁠​​⁠​​six months from the date of IPO allotment. Some exemptions apply, and the final offer document sets the exact terms.

Is unlisted shares regulated by SEBI?

No, SEBI does not regulate the unlisted share market but certain rules and regulations of SEBI are applicable in the unlisted market space as well, such as, the DP charges for each transaction, stamp duty, lock-in period and more

Can I buy Metropolitan Stock Exchange (MSEI) unlisted shares?

Metropolitan Stock Exchange (MSEI) is not listed on a stock exchange, so its shares change hands off market, between existing holders and buyers. To buy ​​​⁠​​​⁠​​​​⁠​​⁠⁠​⁠⁠​​⁠⁠⁠⁠⁠⁠​​⁠⁠⁠⁠​⁠⁠​​​​⁠⁠​⁠​⁠⁠⁠​​​⁠​​​​⁠​⁠⁠​⁠⁠⁠​⁠​​​⁠⁠​⁠⁠​​⁠​​​​⁠​​⁠​​through BuyUnlistedShares, send an enquiry with the quantity you have in mind. You need a demat account (NSDL or CDSL) and your PAN; the minimum ticket is ₹25,000, the same for every company on this site.

How is the Metropolitan Stock Exchange (MSEI) unlisted share price set?

Unlisted shares have no exchange order book, so the price is set by demand and supply between buyers and sellers in the off-market (over-the-counter) market, and it moves ​​​⁠​​​⁠​​​​⁠​​⁠⁠​⁠⁠​​⁠⁠⁠⁠⁠⁠​​⁠⁠⁠⁠​⁠⁠​​​​⁠⁠​⁠​⁠⁠⁠​​​⁠​​​​⁠​⁠⁠​⁠⁠⁠​⁠​​​⁠⁠​⁠⁠​​⁠​​​​⁠​​⁠​​with company news such as funding rounds, results and IPO filings. The ₹7.25 on this page is an indicative reference dated 18 Oct 2026. The price for an actual deal is confirmed in writing before you pay.

How are Metropolitan Stock Exchange (MSEI) shares delivered?

Demat to demat. The shares (ISIN INE312K01010) are credited to your own demat account through NSDL or CDSL, and you pay only ​​​⁠​​​⁠​​​​⁠​​⁠⁠​⁠⁠​​⁠⁠⁠⁠⁠⁠​​⁠⁠⁠⁠​⁠⁠​​​​⁠⁠​⁠​⁠⁠⁠​​​⁠​​​​⁠​⁠⁠​⁠⁠⁠​⁠​​​⁠⁠​⁠⁠​​⁠​​​​⁠​​⁠​​into the Gayatri Financial Synergy LLP company bank account, never to an individual.

Can I sell my Metropolitan Stock Exchange (MSEI) unlisted shares?

Send a sell enquiry with the company and the quantity you hold. A person on the desk comes back to you, and if a deal ​​​⁠​​​⁠​​​​⁠​​⁠⁠​⁠⁠​​⁠⁠⁠⁠⁠⁠​​⁠⁠⁠⁠​⁠⁠​​​​⁠⁠​⁠​⁠⁠⁠​​​⁠​​​​⁠​⁠⁠​⁠⁠⁠​⁠​​​⁠⁠​⁠⁠​​⁠​​​​⁠​​⁠​​is agreed, the shares move demat to demat from your account.

What is the ISIN of Metropolitan Stock Exchange (MSEI)?

INE312K01010. Holdings are settled in demat form through NSDL and CDSL.

Sources

How to cite this page: BuyUnlistedShares, “Metropolitan Stock Exchange (MSEI) unlisted share price”, https://buyunlistedshares.com/unlisted-shares/metropolitan-stock-exchange, as of 19 Oct 2026.

Other Financials unlisted shares

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Indicative reference price, dated. BuyUnlistedShares is India's premium unlisted ​​​⁠​​​⁠​​​​⁠​​⁠⁠​⁠⁠​​⁠⁠⁠⁠⁠⁠​​⁠⁠⁠⁠​⁠⁠​​​​⁠⁠​⁠​⁠⁠⁠​​​⁠​​​​⁠​⁠⁠​⁠⁠⁠​⁠​​​⁠⁠​⁠⁠​​⁠​​​​⁠​​⁠​​shares desk, run by Gayatri Financial Synergy LLP. In the market since 2002. Data as of 19 Oct 2026.

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MSEI Unlisted Share Price ₹7.25 (18 Oct 2026) | BuyUnlistedShares