Metropolitan Stock Exchange Unlisted Share

Metropolitan Stock Exchange of India (MSEI) is a national-level stock exchange, recognized and licensed by SEBI. It offers an electronic, transparent, and high-tech platform for trading across multiple segments:

• Capital Market
• Futures & Options
• Currency Derivatives
• Debt Market

MSEI is committed to technological excellence and market expansion while ensuring compliance with global best practices and regulatory standards.

Key Milestones

October 7, 2008 – Commenced operations in the Currency Derivatives (CD) Segment under SEBI & RBI regulations.
February 9, 2013 – Launched the Capital Market Segment, Futures & Options Segment, and the flagship index ‘SX40’.
February 11, 2013 – Trading began in the Capital Market and Derivatives Segments.
May 15, 2013 – Introduced ‘SX40’ Index Derivatives, a free-float based index of 40 large-cap, liquid stocks across diverse sectors.
June 7, 2013 – Launched the Debt Market Segment; trading commenced on June 10, 2013.
January 20, 2014 – Started live trading in Interest Rate Futures (IRF), cash-settled on Government of India securities, providing a hedge against interest rate volatility.
June 3, 2019 – Implemented interoperability in clearing & settlement, allowing trades to be cleared through:

• Metropolitan Clearing Corporation of India Ltd. (MCCIL)
• Indian Clearing Corporation Ltd. (ICCL)
• National Securities Clearing Corporation Ltd. (NSCCL)

MSEI: Products & Services

1. Currency Derivatives

• Currency Futures
• Currency Options
• Cross Currency Futures
• Cross Currency Options
• Interest Rate Futures

2. Equity Capital Market

• Equity Shares
• Sovereign Gold Bonds
• Exchange Traded Funds (ETFs)
• Offer for Sale

3. Equity Derivatives

• Stock Futures
• Stock Options
• Index Futures
• Index Options

4. Index Offerings

• SX40: A large-cap diversified index
• SXBANK: Banking sector-focused index

Upcoming Products & Services

• SME Platform
• Book Building System
• Offer to Buy
• Mutual Fund System

Subsidiary: MSE Fintech Limited

• % Shareholding: 100% (Wholly Owned Subsidiary)
• Share Capital: ₹5.00 Cr
• Reserves & Surplus: ₹(3.62) Cr
• Profit After Tax (PAT): ₹0.13 Cr

Management Team

Financial Highlights:

Notes:

• Metropolitan Stock Exchange of India (MSEI) has a wholly-owned subsidiary named MSE Fintech Limited, with a face value of ₹10 per share. MSEI holds 50,000 equity shares in this subsidiary.

• Employee count as of March 31, 2024, was 119, compared to 125 as of March 31, 2023.

• Foreign currency earnings in FY 2023-24 were ₹22,50,000, unchanged from FY 2022-23.

• Foreign currency expenditure in FY 2023-24 was ₹21,25,505, compared to ₹20,03,544 in FY 2022-23

100% of the Company’s shares are in dematerialized form as listed below as at March 31, 2024:

Private Placement:

The Board of Directors (BOD) has approved a private placement of equity shares, which will now require approval from the members at the Extraordinary General Meeting (EGM) scheduled for 18th January 2025. This private placement will lead to a notable shift in the ownership structure, the stake held by corporate bodies is set to rise from 15.49% to 27.29%, marking an increase of 11.80%, while public ownership will decrease from 58.96% to 47.27%, reflecting a reduction of 11.69%.

Source of Revenue:

• Transaction charges

• Revenue from clearing and settlement services

• Revenue from data feed charges

• Income from annual listing fees

• Membership admission fees

• Processing and other fees

Industry Overview

Indian IPO Activity

India has emerged as a global hub for IPOs, with record-breaking activity in FY 2023-24:

• Total IPO Proceeds: $7.89 billion
• Number of IPOs: 234, a 56% increase compared to 2022
• Highest IPO activity since 2017, showcasing strong investor confidence

India’s Equity Market

• Market Capitalization: Surpassed $5 trillion, making India the fourth-largest equity market globally.
• Foreign Capital Inflows: Increasing as investors diversify away from China, supporting India's long-term market growth.

Global Economic Outlook

• Projected Global Growth: 3.1% by 2029, driven by emerging markets and technological advancements.
• India’s economic resilience and growing digital infrastructure position it as a key player in global financial markets.

Peer Comparison

Metropolitan Stock Exchange (MSEI) Annual Report 2023-24

Metropolitan Stock Exchange (MSEI) Annual Report 2022-23

Metropolitan Stock Exchange (MSEI) Annual Report 2021-22

Metropolitan Stock Exchange (MSEI) Annual Report 2020-21

Metropolitan Stock Exchange (MSEI) Annual Report 2019-20

Metropolitan Stock Exchange (MSEI) Annual Report 2018-19

Metropolitan Stock Exchange (MSEI) Annual Report 2017-18