METROPOLITAN STOCK EXCHANGE OF INDIA LIMITED is a national-level stock exchange operating in Equity, Equity Derivatives, Currency Derivatives, debt, and SME segments. The Exchange ecosystem supports various intermediaries’ including stockbrokers, authorized persons, corporates, banks, depositories, depository participants, custodians and investors. The exchange offers an electronic, hi-tech, and transparent platform for trading in capital markets, futures and options, debt markets, and currency derivatives segments. However, the Exchange has temporarily suspended trading in its debt segment from September 2020.
Metropolitan Stock Exchange of India Limited comprises 2 indices. SX40 and SXBANK. SX 40 consists of 40 large-cap liquid stocks representing different sectors. SXBANK measures the performance of the banking sector. The index consists of 10 stocks from the banking sector.
MSE offers a variety of products and services across multiple asset classes in India which enables it to be responsive to market demands. It's state-of-the-art technology and robust network is a pioneer in technology and ensures the reliability and performance of its systems. MSE’s products and services foster digital transformation in technology, cyber security, innovation, and intelligence solutions. Products offered by the exchange across various segments to Proprietary, Retail Participants, and Institutional Participants (Domestic and Foreign include Current Future and Options, Cross currency futures & options, interest rate futures, equity shares, sovereign gold bonds, ETFs, offer for sale, stock futures & options, Index futures & options.
As of 31st March 2020, the exchange has 558 members for its currency derivatives segment, 346 members for the equity cash segment, and 334 equity futures & options segment.
MSEI UNLISTED SHARE DETAILS (as on 31 march 2026)
|
Total Available Shares: | 10995239362 |
|
Face Value: |
Rs. 1/- Per Equity Share |
|
ISIN: |
INE312K01010 |
|
Pan No. |
AAFCM6942F |
|
Current Market Price: |
Best in Industry |
|
Lot Size: |
10000 Shares |
GST Number: |
27AAFCM6942F1ZC |
INCORPORATION DETAILS
|
CIN |
U65999MH2008PLC185856 |
|
Registration Date |
14 August 2008 |
|
Category/Sub-category of the Company |
Company Limited by Shares |
|
Address of the Registered office and contact details |
Vibgyor Towers, 4th Floor, Plot no. C-62, G Block BandraKurla Complex, Bandra (East), Mumbai- 400098. Tel No: 022 61129000 Email Id: secretarial@msei.in |
|
Name, Address and Contact Details of Registrar and Transfer Agent, if any |
KFin Technologies Private Limited Selenium Tower B, Plot numbers 31 & 32 Nanakramguda, Financial District, Gachibowli Hyderabad – 500 032 Email: einward.ris@kfintech.com Tel.No.: +91-040-6716 2222 |
PRINCIPAL BUSINESS ACTIVITIES OF THE COMPANY
|
Name and Description of main products/services |
NIC Code of the product/service |
% to total turnover of the Company |
|
Exchange Operation |
66110 |
100% |
BOARD OF DIRECTORS
Mr. Dinesh Kumar Mehrotra (Chairman & Public Interest Director)
Mr. Ajai Kumar (Public Interest Director)
Mr. SudhirBassi (Shareholder Director)
Ms. Latika S. Kundu (Managing Director & CEO)
Ms. TrishnaGuha (Public Interest Director)
Mr. S.V.D Nageswara Rao (Public Interest Director)
Mr. Vijay Sardana (Public Interest Director)
PARTICULARS OF MSEI SUBSIDIARY COMPANIES
|
Name of the Company |
% of shares held |
|
Metropolitan Clearing Corporation of India Limited |
95.85% |
|
MCX SX KYC Registration Agency Limited |
100.00% |
MSEI SHAREHOLDING PATTERN (As of 31-03-2025)
|
S. No. |
Shareholders’ Name |
Number of shares |
% of total Shares of the company |
|
| Non-Promoters Holdings |
|
|
|
1 | Institutional Investors | 8,93,76,268 |
1.49% |
|
3 |
Private Corporate Bodies |
1,83,45,18,479 |
30.57% |
|
4 |
Public Shareholdings | 2,87,68,11,786 |
47.94% |
|
5 |
Others | 1,19,95,10,500 |
19.99% |
|
| |||
|
|
Total | 6,00,02,17,033 |
100.00% |
INDUSTRY OUTLOOK
The Indian stock market exchanges are important market infrastructure intermediaries and they are guided by the Securities and Exchange Board of India (SEBI). They work as a tool for nation building and a major job creator. The Exchanges comprise of many asset classes – equities, equity derivatives, currency derivatives, government and corporate bonds, interest rate derivatives, commodity derivatives, etc. Stock exchanges in India are primarily regulated by SEBI. SEBI has introduced the interoperability between Clearing Corporations, the framework is applicable to all the recognized CCPs excluding those operating in the IFSC zone, and all the products available for trading on the stock exchanges (except commodity derivatives), interoperability norms benefit market participants to rationalize margins across exchanges and products by optimizing the use of capital but also reduce post-trade costs of trading firms.
With a favorable regulatory environment, Indian capital markets are expected to remain attractive to both domestic and foreign investors. Initiatives by the government towards ease of doing business enhanced sectoral caps, and simpler mechanism to obtain approval for investment coupled with tax exemptions is expected to further boost the robust business environment for foreign investors leading to a larger inflow of capital in the coming years as well. This will not only augment the depth, maturity, and robustness of the Indian capital markets but also build investor confidence.
In a population of about 1.37 billion people, only around 2.5% invest in the capital markets in India. India has nearly 4 crore demat accounts, out of which only 0.95 crore is active. Traditionally, metropolitan cities have played an important role in contributing to the markets but it has been mostly restricted up to that point. There is still a significant dearth of participation from Tier II and Tier-IIIcities, which would be the main contributor to the booming markets across all socioeconomic strata. The entry of young investors from this small town would be pivotal for driving the next level of growth in Indian Capital Markets. Metropolitan Stock Exchange of India Limited aims at catering to this need of the hour through easily accessible customized products across multiple investment avenues.
FAQs on Metropolitan Stock Exchange of India (MSEI)
Q. What
is the face value of Metropolitan Stock Exchange of India Ltd shares?
Answer: The face value of MSEI shares is ₹1 per equity share.
Q. What
is the ISIN of MSEI shares?
Answer: The ISIN of Metropolitan Stock Exchange of India Ltd is INE312K01010.
Q. What
is the minimum lot size for buying MSEI shares through WWIPL?
Answer: The minimum lot size is generally 10,000 shares, subject
to market availability.
Q. How
can I buy MSEI shares through WWIPL?
Answer: Investors can place an order through WWIPL and receive shares
directly in their Demat account after completing the transaction process.
Q. Why
should I buy MSEI shares through WWIPL?
Answer: WWIPL offers transparent pricing, secure settlements, verified
transfers, and dedicated support throughout the investment journey.
Q. What
does Metropolitan Stock Exchange of India Ltd do?
Answer: MSEI operates a stock exchange platform that facilitates trading
across multiple asset classes, including equities, debt instruments, currency
derivatives, and other market segments.
Q. What
makes MSEI different from NSE and BSE?
Answer: MSEI is India's third recognized national stock exchange and
focuses on creating an alternative market infrastructure platform.
Q. Is
investing in MSEI a good idea?
Answer: Investors often evaluate MSEI based on its exchange
infrastructure business model, scalability, and the long-term growth of India's
capital markets.
Q. What
are the key growth drivers for MSEI?
Answer: Increased retail participation, capital market deepening, new
product launches, technological advancements, and higher trading activity can
support future growth.
Q. What
factors influence the valuation of MSEI shares?
Answer: Trading volumes, market share gains, profitability, regulatory
developments, technology investments, and investor sentiment are key valuation
drivers.
Q. Is
MSEI regulated by SEBI?
Answer: Yes. Metropolitan Stock Exchange of India Ltd is a
SEBI-recognized stock exchange and operates under SEBI regulations.
Q. Is
MSEI as large as NSE?
Answer: No. MSEI is significantly smaller than NSE and BSE in terms of
trading activity and market share.
Q. Does
MSEI have network-effect advantages?
Answer: Like all exchanges, MSEI can benefit from network effects, where
higher participation can attract more traders, brokers, and issuers.
Q. Has
MSEI filed for an IPO?
Answer: No. As of now, MSEI has not filed a DRHP for an IPO.
Q. What
are the risks of investing in MSEI shares?
Answer: Investors should consider competitive pressures from larger
exchanges, regulatory changes, profitability risks, and liquidity constraints
associated with unlisted shares.
Q. What
should investors evaluate before investing in MSEI?
Answer: Investors should assess trading volumes, market share,
profitability trends, technology investments, regulatory developments, and
long-term capital market growth.
Q. How
does WWIPL help investors track MSEI investments?
Answer: WWIPL provides pricing updates, company information, transaction
assistance, and market insights related to Metropolitan Stock Exchange of India
Ltd shares.