RATING

RECOMMENDATION

Neutral

  • Delhi Stock Exchange - DSE ESTATES
  • ₹22.00

  • PLACE ORDER
  • ROFR Required
  • Available in Depository:

  • NSDL

  • CDSL

  • Available for Investment:

  • Primary

  • Secondary

RATING

RECOMMENDATION

Neutral

Business Type

Traditional Business

RATING

RECOMMENDATION

Neutral

Business Type

Traditional Business

Discover and get a complete analysis on Delhi Stock Exchange Pre IPO - Management, Business Model, Financials, Growth, Valuations, Funding Rounds, News and get latest updates on Delhi Stock Exchange Financial Statements.

ISIN

INE275I01021

Face Value

₹10.00

Total Share

3,03,20,000

Total Income

₹6.09 Cr

Profit After Tax

₹2.64 Cr

EPS

₹0.87

P/E

25.29

P/B

0.08

Market Capitalisation

₹66.70 Cr

Enterprise Value

₹16.18 Cr

Book Value

₹265.77

Earnings Yield

3.95 %

Sector

Financials

Sub-sector

Stock Exchange & Ratings

Category

Micro Cap

Cashflow - Operations

-₹0.78 Cr

Delhi Stock Exchange Growth

Compounded Sales Growth

  • -11.40%

    1 Year

  • -9.58%

    3 Year

  • -6.61%

    4 Year

Pro Only

Compounded Profit Growth

  • 186.08%

    1 Year

  • 133.82%

    2 Year

  • NA

    4 Year

Pro Only

Return On Equity

  • 3.28%

    2020

  • 1.17%

    2019

  • 1.70%

    2017

Pro Only

About Delhi Stock Exchange

  • DSE ESTATES LIMITED (formerly known as Delhi Stock Exchange Limited (DSE)) is located in Delhi. Previously, the company use to provide securities trading platforms of other stock exchanges to its members through its sub-brokers. It offers capital market-related services in the segments, such as cash, equity derivative, currency derivative, Depository Participant (DP), and public issues desk. 
  • Currently, the company is in the broking business only where it offers a platform to its customers to trade in the different segments like derivative and cash. 
  • DSE, one of the oldest Stock Exchanges in the country, was established in the year 1947, the year of Indian Independence. Since then, it has played a key role in the development of the economy by facilitating investments in different sectors, thereby creating a reasonably encouraging equity cult in the northern belt of India.
  • DSE, from its inception, has been helping the companies around, in terms of the creation of capital and net worth. It has contributed in its inimitable way, to spreading financial literacy amongst the larger populace.
  • During the year 2007-08, DSE successfully completed the demutualization process with a minimum public holding of 51%.
  • DSE has set an ambitious path of reviving its trading operations soon backed by global technology and skills matching the best in the Industry.
  • DSE would soon regain its position as the premier active Stock Exchange in India. DSE intends to channel its productive resources toward contributing significantly to the growth of the Capital Market in India.

  • Delhi Stock Exchange IPO Details

DSE Estates Limited has no plans to bring an IPO as on 31st March 2020

  • Delhi Stock Exchange Funding

Funded By Funding Amount Date of Investment Funding Round
New Vernon Capital,LP ₹ 106.10 M 06 Sep 2007 2
Ikarus Petroleum Industries Company - KPS, Noor Financial Investment,Privatization Holding Company - K.P.S.C. (KWSE:KPPC) ₹ 4240 M 18 Aug 2007 1
  • Delhi Stock Exchange Subsidiaries

  • Delstox Stocks And Shares Limited (DSSL)

Delhi Stock Exchange Business Model

  • DSSL is providing a trading platform to the members of DSE in National Stock Exchange and Bombay Stock Exchange for Cash and F&O segments.
  • DSSL is a depository participant (DP) of Central Depository Services Limited (CDSL) provides the depository facilities to its clients.
  • Delhi Stock Exchange Revenue Segmentation

  • Brokerage Income
  • Depository Income
  • Other Income
  • Delhi Stock Exchange Product & Services

  • DSE Estates Limited is engaged in the business of renting and leasing of commercial properties
  • DSE Estates Limited through its subsidiary DSSL is providing a trading platform to the members of DSE in National Stock Exchange and Bombay Stock Exchange for Cash and F&O segments.
  • DSSL is also a depository participant of CDSL providing the depository facilities to its clients.
  • Delhi Stock Exchange Assets

ASSETS (2020)
AMOUNT (IN Rs. CR.)
Property, Plant & Equipment 0.2
Current Assets3.7
  • Delhi Stock Exchange Industry Overview

Industry Statistics

  • A stock broker is a financial institution that provides services to the investors in the capital market and facilitates them to buy and sell the securities like equities, bonds, commodities, currency, and bullion.

Business Model:-

Stock Brokers earn money by providing the following services:-

  • Brokerage fee:- Brokerage business primarily consists of brokerage services that are offered to retail customers and institutional clients for trading equities, equity derivatives, currency derivatives, ETFs, and overseas securities. Brokerage fees are charged based on the volume and size of transactions customers enter into.
  • Distribution:- Distribution business primarily consists of the distribution of financial products and services offered by third parties to the customers. These products include mutual funds, insurance products, portfolio management schemes, alternative investment funds, fixed deposits, loans, tax services, and pension products. Stock Brokers earn commissions from third parties for the distribution of their products, which may be in the form of recurring commissions for longer-term products.
  • Investment Banking:- Investment banking business consists of equity capital markets services and financial advisory services that cater to corporate clients, the government, and financial sponsors. 

  Market Size:-

  • The size of the Indian capital market stood at $2.5 trillion (trn) as of 31st March 2020.

Key Trends

  • Low retail investor participation: Retail investors constitute only approximately 13.0% of the stock ownership in India. The number of Demat accounts in India is less than 10.0% of the number of banking accounts. This indicates a strong potential for greater participation of retail investors in Indian capital markets.
  •  Lack of financial literacy:- Only 24.0% of people in the country are financially literate. 
  • High reliance on banks and NBFCs for corporate funding: The growth of corporates in India has been fueled by the banking sector to a large extent. The share of corporate loans to total corporate credit is approximately 65.0%. 
  • Increasing Free Float:-Driven by SEBI’s raising of minimum public shareholding to 25.0%, promoter holding has been on a decline. As a result, free float levels in India have been rising.

Key Drivers

  • Ease of access: Supported by the boom in the telecom sector (internet and mobiles), as well as the launch of banking services on mobile phones and the rise of fin-tech companies that focus on customer experience, it is expected that accessibility of organized financial services will improve dramatically 
  • Greater confidence in the markets: SEBI has taken a number of steps to improve corporate governance and disclosure standards and to curb malpractices such as insider trading. In the medium term, these steps will lead to greater trust and confidence in capital markets 
  • Expected surge in IPOs:- Fundraising through public equity markets was at a record ₹1.7 trn in 2020, surpassing the previous high of ₹1.6 trn in 2017.
  • Urbanization: The India Economic survey estimates the proportion of the population living in urban areas as approximately 30.0%. The World Bank Group estimates the share of India’s population living in areas with urban-like features is approximately 55.0%. It is expected that the trend of urbanization will continue at a rapid pace until 2050. This implies that a vast and growing proportion of the population will have access to financial products, thereby enhancing the allocation of savings to financial assets 
  • Improving financial literacy levels: A number of focused programs are being run by the regulators towards this cause like NSE & BSE providing webinars and courses to empower people with the necessary knowledge.

Peers: - Since the company is in the business of providing broking platforms to its clients to trade on stock exchanges like NSE and BSE. Therefore, its relevant peers are JM Financial Limited, Anand Rathi Wealth Limited, and Motilal Oswal Financial Services Limited 

Future Prospects

  • GDP (growth in nominal GDP): Nominal GDP in India is estimated to grow at 8.0%-10.0% over the next 5 years. 
  • Market capitalization as % of GDP: It is estimated that in the next five years, market cap to GDP stays flat (i.e. 0% CAGR) or experiences modest growth (1.0%-2.0% CAGR). 
  • Wealth in India is expected to grow at a CAGR of 11.7% till FY25 and is likely to nearly double to Rs.8,11,293 bn by FY25
  •  Financial assets are expected to form almost 63.0% of the total individual assets by FY25 vs 57.0% in FY20 

Government Initiatives

  •  The focus on linking of Aadhaar card to bank accounts through Pradhan Mantri Jan Dhan Yojana is expected to be instrumental in further pushing financial inclusion and drive a step change in key financial markets indicators.  
  • RBI’s announcement on caps on bank’s exposure to large conglomerates.
  • SEBI allowed FPIs to trade in the corporate bonds segment directly. 
  •  Increased public spend in infrastructure, passage of Goods and Services Tax, focused efforts to improve ease of doing business, launching of industrial corridors, movements such as ‘Start-up India’, ‘Make in India’, ‘Skill India’, ‘Digital India’, “India Stack”. These efforts are likely to serve as a catalyst for growth in the Indian economy.  
  • In November 2020, two MOUs were signed—one between India International Exchange (India INX) and Luxembourg Stock Exchange and another between State Bank of India and Luxembourg Stock Exchange for cooperation in financial ser-vices, ESG (environmental, social and governance) and green finance in the local market.

Delhi Stock Exchange Strengths

  • DSE is in existence since 1947 and has a very old legacy and brand name.
  • DSE has an asset-light business and thus is scalable. The number of Demat accounts for the company has increased to 3350 in FY20 from 3237 in FY18 
  • Business is agile to meet growing customer needs. DSE provides the trading platform on NSE & BSE in cash segment

Delhi Stock Exchange Shortcomings

  • Company is not doing any significant technological upgradation and therefore losing its clients. The number of active clients of the company has decreased to 822 in FY20 from 868 in FY19
  • Company is very focused on providing futures & options services on NSE only and does not cater to traders trading in futures and options on BSE
  • Expense on the advertisement & marketing is nil which is a barrier to brand awareness
     

Delhi Stock Exchange Opportunities

  • Only 3.0% of the total Indian population is investing in the market and with the rise in the Indian population actively investing in the market, a huge opportunity opens up to cater to this demand.
  •  Company has great opportunity to grow in currency, commodity & bullion market

Delhi Stock Exchange Threats

  • New players are entering the market providing better and faster services. Zerodha has grown its market share to 17.4% within a few years
  • Brand awareness of the peers is increasing as they are expensing out in advertisement & marketing 
Delhi Stock Exchange Rating

  • RECOMMENDATION

    Neutral

  • Delhi Stock Exchange Detail Info

Industry Statistics

PRIVATE LIMITED

Registered In

India

last Updated

15/11/2022

Registered Date

25/07/1947

Planify Ticker

DSE

Reg Office: DSE House 3 /1, Asaf Ali Road New Delhi - 110 002

Visit Website

Frequently Ask Questions

Please find below the procedure for buying stock_name_auto Unlisted Shares at Planify.
• 1. You confirm booking of stock_name_auto Unlisted Shares with us at a trading price.
• 2. You provide your client master report (ask the broker if not available) along with PAN Card and Cancelled Cheque in case you are not transferring funds from the bank account as mentioned in the CMR Copy. These are KYC documents required as per SEBI regulations.
• 3. We will provide the bank details.
• 4. You need to transfer funds in that account.
• 5. Payment has to be done in RTGS/NEFT/IMPS CHEQUE TRANSFER. No CASH DEPOSIT.
• 6. Payment has to be done from the same account in which shares are to be credited.
• 7. We will transfer the shares in 24 hours if funds are credited before 2 pm.
Important Note: Please note that the lock-in period for selling stock_name_auto Unlisted Shares is 6 months after listing. Hence you can’t sell stock_name_auto Unlisted Shares which you bought in Pre-IPO for 6 months after its listing. i.e. You can sell it only after 6 months calculated from the listing date.

Please find below the procedure for selling stock_name_auto Unlisted Shares at Planify.
• 1. We will confirm our buying price of stock_name_auto Unlisted Shares.
• 2. We will give you our client master report and you will transfer the stock_name_auto Unlisted Shares to our demat account.
• 3. We will ask for bank details of yours once the stock_name_auto Unlisted Shares are received in our demat account..
• 4. We will transfer the funds in your bank account within 24 hrs of receiving the stock_name_auto Unlisted Shares.
• 5. Payment will be made in RTGS / NEFT / CHEQUE TRANSFER/IMPS. No CASH DEPOSIT.
• 6. Payment will be given in the same account which is linked to demat account or you need to provide the cancelled cheque shows your name to verify. As per SEBI regulations, the transfer of funds in the third party account is not legal and our policy refrain us from doing so.
Note: The price at which we are buying the share is fixed for 3 days. If you cant sell your stock within 3 days, then the price of that day will be applicable when we receive shares in our demat.

Lock-in period of stock_name_auto Unlisted Shares depends upon category of investors.
• 1. Venture Capital Funds or Alternate Investment Fund of Category -I or II, or Foreign Venture Capital Investor - lock-in Period of 6 months from the date of acquisition of stock_name_auto Unlisted Shares.
• 2. Other Investors (include Retail, HNIs or Body Corporate) lock-in Period of 6 months from the date of listing of IPO of stock_name_auto Unlisted Shares.
This new SEBI rule was introduced in the month of August-2021, wherein the SEBI has reduced the lock-in period previously from 1 year to 6 months to encourage more and more funds to be invested in startups which are going to public or IPO in near future. Reduction of lock-in is seen as big step and after that many PMS funds are advising their clients to invest in Pre-IPO shares to get the benefit of early stage investment.

DIS - Delivery Instruction Slip is the way through which an investor can sell or transfer the stock_name_auto Unlisted Shares from his/her demat account to any other demat account. There are two Types of DIS Slip.
1. Offline-DIS - This is an offline mode of transfer of shares wherein the investors needs to fill DIS form and give it to their broker for transferring the shares. Following are the fields which are required to be filled.
• a. ISIN number of stock_name_auto Unlisted Shares.
• b. Name of stock_name_auto Unlisted Shares
• c. Quantity of stock_name_auto Unlisted Shares
• d. Cosideration Amount
• e. Target DP ID and Client ID
• f. Annexure
2. Online DIS - Some of the broker these days gives facility of transferring the stock_name_auto Unlisted Shares via online DIS. So, please check with your broker whether such facility is available or not. For example: Angel Broking proivdes the facility of Online-DIS from its platform. As an investor he/she simply needs to add a beneficiary into it and send the stock_name_auto Unlisted Shares by filling the details similar to Ofline-DIS.

In the last 4-5 years, the unlisted share market has become quite big and as a result of that, the ticket size has reduced from usual 5-10 Lac to 35-50k in today's scenario. Generally via our Planify platform, if somebody wants to buy Unlisted Shares then minimum investment would be 35-50k.To know about the minimum lot size of stock_name_auto, kindly click on this hyperlink - stock_name_auto.

Yes, buying and selling of unlisted shares in India is 100% legal.

If you sell your shares within 2 years, then you will have to pay Short-term Capital gain on unlisted shares. Short-Term Capital Gain is added in your Income. So, as per individual tax slab you need to pay capital gain tax.

If you sell your shares after 2 years, then you will have to pay Long-term Capital gain on unlisted shares LTCG is 20% with indexation benefits.

Taxes will remain the same irrespective of listing of shares, if bought in unlisted market. Actually, to be eligible for taxes as per listed market, one has to pay STT on buying and selling of shares. But, if you buy in unlisted and sell in listed market, one pay STT only on selling so, taxes of listed market will not be applicable.

If you buy stock_name_auto Unlisted Shares from Planify then these shares can checked in two ways. However, before we tell you the process of checking of shares, it is intimated that as per SEBI regulations, the shares can be transferred in demat account only.
Check credit of stock_name_auto Unlisted Shares Instantly?
• 1.You can download the NSDL or CDSL application from google play-store and check. If you want to check whether your stock broker is registered with NSDL or CDSL then check the following procedure.
• By carefully examining the number format of Demat Account we can easily identify whether the stock broker is registered with CDSL or NSDL.
• Demat Account = DP ID + Client ID. (16 Characters )
• "DP ID is the unique identification of the Broker. Every broker gets a unique number from CDSL or NSDL.By carefully examining the number format of Demat Account we can easily identify whether the stock broker is registered with CDSL or NSDL.
• Client ID is the unique identification of the Client. Every client gets this unique number which represents his/her portfolio.
• In CDSL, all these characters are numbers (1234567891234567) first 8 digits are DP ID and next 8 digits are Client Id whereas in NSDL the first two characters are letters which are in accordance with the country that you are from (IN12345678912345), then 6 unique digits for Broker and next 8 digits are client ID.
• Example:
• CDSL = 12345678(DP ID) and 91234567(Client ID).
• NSDL = IN123456 (DP ID) and 78912345(Client ID).
• Check in brokers application?
• Credit of stock_name_auto Unlisted Shares can be checked in brokers application as well but it takes T+2 days to show the shares.

The stock_name_auto Unlisted Shares are credited in demat account same day of transferring funds in our company's bank account.

The price of stock_name_auto Unlisted Shares can be checked in two ways. First, you can join our telegram channel where on daily basis we share the latest prices of all the unlisted shares in the morning and secondly, you can register on Planify.live platform to see the historical graphs and prices of all the shares at one place.

If you see the thesis of investment in the unlisted shares then it is being done mainly to take the advantage of IPO market. And, if the IPO plans of company get delayed due to market conditions or any other reason then demand suddenly drops in the market. The unlisted market works mainly on demand and supply and if there is no IPO news then getting exit would be difficult.

"Planify is India's fastest and leading marketplace to buy and sell unlisted shares. In the last 3 years, we have already served more than 1 million users on the platform. The total transactions value done from the platform is already more than 100 Crores. The name of our Co-founders Mr. Umesh Paliwal and Dinesh Gupta publish regularly in leading newspapers like MoneyControl, Business-Standard, ET etc for their views on IPO and Unlisted market. In the last 3 years, Planify has made a good name for itself in the industry and gained a trust of their users. So, the new investors should not be worried about any kind of fraud that is mostly happens with unkown brokers in the market while doing investment with Planify."

We at Planify do the valuation based on 2 methods.
• 1. We check the last funding that is being done in the stock_name_auto Unlisted Shares to ascertain the benchmark valuation.
• 2. If there is no funding happened in the company, then we try to find a business similar to stock_name_auto Unlisted Shares in the listed space and do comparison method to ascertain the valuation.
As an investor in the unlisted space, we would always recommend that you must check all the risk parameter carefully before investing in the unlisted space.

We source shares either from the employees or initial investors looking to liquidate their stock_name_auto Unlisted Shares.

Pre-IPO shares means which are planning for an IPO in near future. So, all the shares which are traded on the platform are not Pre-IPO Shares. However, if the company's business is going good and then demand will always be there in the unlisted space, so even if the IPO does not come, the investors can easily liquidate their stock_name_auto Unlisted Shares in the unlisted market itself.

Rules and regulations of SEBI are applicable in the Unlisted space like lock-in period of 6 months, paying of Stamp Duty, and DP Charges for every transaction etc. However, to become an unlisted broker there is no such regulation by SEBI as of yet.

For tracking news and other information about stock_name_auto Unlisted Shares, one can visit our website wherein we post news and other information on daily basis and one can also join our telegram channel.

Fundamental & Comparative valuation models and the forces of demand and supply in the market for unlisted shares dictate the price. These prices are based on our estimates and transaction history of stock_name_auto Ltd unlisted share.

We can generally arrange lot sizes starting with an investment of INR 20,000. To confirm the lot sizes of stock_name_auto Ltd unlisted shares with us.

The financials of stock_name_auto Ltd which includes the P/L of stock_name_auto Ltd and the Balance Sheet of stock_name_auto Ltd is in the financials section.

The annual report of stock_name_auto Ltd is available in the annual report section.