RATING

RECOMMENDATION

Sell

  • Metropolitan Stock Exchange of India
  • ₹1.15

  • PLACE ORDER
  • ROFR Required
  • Available in Depository:

  • NSDL

  • CDSL

  • Available for Investment:

  • Primary

  • Secondary

RATING

RECOMMENDATION

Sell

Business Type

Near Leader

RATING

RECOMMENDATION

Sell

Business Type

Near Leader

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

ISIN

INE312K01010

Face Value

₹1.00

Total Share

4,81,02,17,033

Total Income

₹32.45 Cr

Profit After Tax

-₹31.08 Cr

EPS

-₹0.06

P/E

-19.17

P/B

1.72

Market Capitalisation

₹553.17 Cr

Enterprise Value

₹321.48 Cr

Book Value

₹0.67

Intrinsic Value

₹1.04

Earnings Yield

-5.22 %

Sector

Financials

Sub-sector

Stock Exchange & Ratings

Category

Upcoming IPO

Cashflow - Operations

-₹37.93 Cr

Cashflow - Financing

-₹4.38 Cr

MSEI Growth

Compounded Sales Growth

  • 3.30%

    1 Year

  • 7.77%

    3 Year

  • -5.76%

    5 Year

Pro Only

Compounded Profit Growth

  • NA

    1 Year

  • NA

    5 Year

Pro Only

Return On Equity

  • -9.64%

    2021

  • -9.85%

    2019

  • -14.63%

    2017

Pro Only

About MSEI

  • Metropolitan Stock Exchange of India Limited(MSEI) is a full – service national level Stock Exchange with a license to operate in Equity, Equity Derivatives, Currency Derivatives, Debt and SME Platform, through an electronic platform. It is one of India’s eight stock exchanges recognized by the SEBI.
  • MSEI was incorporated in Mumbai in 2008.
  • MSEI appointed Latika Kundu as its CEO in 2020. She has over 20 years of experience working with NSE, MSE, Singapore Mercantile Exchange and Singapore Diamond Investment Exchange. 
  • MSEIL has two subsidiaries viz. Metropolitan Clearing Corporation of India Ltd (MCCIL) and MCX SX KYC Registration Agency Ltd. in which it holds 86.94% and 100.0%. MCCIL is in the business of clearing and settlement of deals in multi-assets classes carried out at MESIL and MRAL is in the business of maintaining a database for the members of the exchange and other under the Know Your Client Guidelines.

  • MSEI IPO Details

MSEI is not a listed company, and there is no news for Upcoming IPO

  • MSEI Subsidiaries

  • Metropolitan Clearing Corporation of India Ltd (MCCIL) in which MSEI holds 95.85%, is in the business of clearing and settlement of deals in multi-assets classes carried out at MESIL.
  • MCX SX KYC Registration Agency Ltd. in which MSEI holds 100% stake is in the business of maintaining a database for the members of the exchange and other under the Know Your Client Guidelines.

MSEI Business Model

MSEI offers an electronic platform for trading in the capital market, futures and options, currency derivatives, Interest Rate Futures (IRF) and Debt Market segments.

  • MSEI Revenue Segmentation

  • Trading and clearing services
  • Other Income
  • MSEI Product & Services

  • Trading in Equity segment(1500+ companies are available for trading)
  •  Trading in Currency Derivatives
  •  Futures- USD-INR, GBP-INR, EUR-INR, JPY-INR.
  •  Options
  •  Options contracts in USD-INR.
  •  Deal in Debt Segment
  •  Deal in Initial Public offerings
  • MSEI Assets

As of FY21 MSEI has tangible assets worth Rs 8.65Cr. and Intangible assets worth Rs 18.79Cr while some intangible assets are still under development worth Rs 2.6Cr.

  • MSEI Industry Overview

Industry Statistics

  • The Indian stock exchanges are crucial market intermediaries and are supervised by the Securities and Exchange Board of India (SEBI).
  • Exchanges are organized markets designed to provide centralized facilities for the listing and trading of the financial instruments issued by companies, sovereigns and other entities to raise capital.
  • Over the last 5 years, indian industry revenue has grown at a yearly avg rate of 3.07%, while  net income has grown at a yearly avg rate of 6.77%.
  • Key competitors of MSEI in the market are BSE, NSE and Calcutta stock exchange, where BSE and NSE plays a major role in the operations of stock market.
  • India is one of the most open economies in the world, with almost 100% FDI policy permission under the automatic route for almost all major sectors, Net Foreign direct investment was US$ 33 billion  in FY19, this is helping stock market in developing.
  • The government policies and economic growth also attract the investors and smart money to deploy their money in Indian Stock market their inflows impact our market and raise the revenue of stock exchange.
  • Exchanges are batting for increasing trading hours. By highlighting Commodity markets trade for 15 hours daily but equities are allowed to trade for only six-and-a-half hours by markets regulator SEBI.

Future Prospects

  • With Artificial Intelligence and Machine Learning brokers can easily identify the investment goals of the investors. This will bring more people to the vicinity of Investment. However, as per statistics, only 3-4% of Indians invest in market as compared to 30-40% in developed countries. So there are many opportunities for the country like India in The Stock Broking Business.
  • Everyday more and more companies are getting listed, in 2020 around 16 new companies were listed on NSE or BSE and now in 2021 more companies are getting added to the list. If this sentiment continues this will lead to generation of large amount of revenue for stock exchanges.
  • After covid 19 there is huge awareness among investors regarding stock markets, people are getting attractive towards it, but still there is huge gap and potential, as more and more people will become a part of it, market will continue to grow.

Government Initiatives

An important measure regarding capital market reforms is the setting up of Securities and Exchange Board of India (SEBI) as the regulator of equity market in India. SEBI is the regulatory authority established under the SEBI Act 1992 and is the principal regulator for Stock Exchanges in India. SEBI’s primary functions include protecting investor interests, promoting and regulating the Indian securities markets.

  • All financial intermediaries permitted by their respective regulators to participate in the Indian securities markets are governed by SEBI regulations, whether domestic or foreign. Foreign Portfolio Investors are required to register with DDPs in order to participate in the Indian securities markets.
  • A significant reform has been that Indian capital market has been opened up for foreign institutional institutions (FII). That is, FII can now buy shares and debentures of private Indian companies in the Indian stock market and can also invest in government securities. 
  • FIIs have been allowed to invest in equities of private corporate Indian companies as well as in Government securities. Similarly, Overseas Corporate Bodies (OCBs) and Non-resident Indians have been allowed to invest in the equity capital of the Indian companies.
  • Another important step to strengthen the Indian capital market is that banks have been allowed to lend against various capital market instruments such as corporate shares and debentures to individuals, investment companies, trusts and endowment share and stock brokers, industrial and corporate buyers and SEBI-approved market makers.

MSEI Strengths

  • MSEI offers a transparent, Hi-tech platform for trading in Capital Market, Futures & Options (F&O), Interest Rate Derivatives, Currency Derivatives, ETFs and Debt Market, and continuously working to do improve the technological operations.
  • The exchange is also working to gain traction in the equity segment, along with building state-of-the-art Mutual Fund and SME platform to deepen the relationship with its members and clients, by offering integrated solutions to their trading needs.

MSEI Shortcomings

  • Company’s operating profit margin and Asset turnover ratio is lowest among its peers which translates to poor operations.
  • EBITDA of the company has been decreasing at a CAGR of 22.55% from 2018 to 2021, as expenses of the company are increasing due to increase in technology cost and employee benefit expenses while revenue from interest income is also decreasing. 
  • ROE, ROA, ROCE all ratios are negative in the company, due to more expenses, as company is trying to go for fully technology based trading.
  • Net profit of the company are negative from previous 5 years. This year it has shown a better position in comparison to previous years.

MSEI Opportunities

  • Exchanges are batting for increasing trading hours.
  • Deals in interest rate derivatives, which attracts institutes for hedging and probably will always be in demand.

MSEI Threats

  • The competitive landscape of exchange business in India continues to be challenging. MSE ability to compete in this environment and ensure that regulations continue to have level playing field, will be a major factor in ensuring growth of the Exchange.
  • MCX SX, has some allegations of mismanagement and financial irregularities. Market regulator SEBI has ordered a forensic audit into the workings of MSEI.
MSEI Rating

  • RECOMMENDATION

    Sell

  • MSEI Detail Info

Industry Statistics

PUBLIC LIMITED

Registered In

India

last Updated

26/10/2021

Registered Date

14/08/2008

Planify Ticker

MSEI.txt

Reg Office: Vibgyor Towers, 4th Floor, Plot no. C-62, G Block Bandra Kurla Complex, Bandra (East), Mumbai-400098.

Visit Website

Frequently Ask Questions

Metropolitan Stock Exchange Of India has not expressed any intentions of an initial public offering as of now.

The face value of the Metropolitan Stock Exchange Of India is Rs. 5

Company is in loss from past many years, and is expected to continue the same trend.

Major shareholders of MSEI are Multi commodity Exchange, Nemish S Shah, Radhakrishnan Damani, IL&FS financial services, SBI and Union Bank of India.

Latika Kundu is the CEO of the Metropolitan Stock Exchange Of India

MSEI offers a transparent, Hi-tech platform for trading and continuously working to improve technological operations. The exchange is also working to gain traction in the equity segment, along with building state-of-the-art Mutual Fund and SME platforms to deepen the relationship with its members and clients, by offering integrated solutions to their trading needs.

The minimum holding period after the company has been listed is 6 months. 

Total Loss of the Metropolitan Stock Exchange Of India for FY21 is  -₹31.08 Cr.

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.