Company Name: MSEI
IPO Opening Date: 1 June 2025
IPO Closing Date: 8 June 2025
Issue Size: ₹619.40 crore
IPO Price Band: ₹132.50 to ₹228.00
Established in 2008, MSEI operates under the ownership of the Ministry of Finance, Government of India.
Located at 205(A), 2nd Floor, Piramal Agastya Corporate Park, Kamani Junction, L.B.S Road, Kurla (West), Mumbai - 400070.
Shareholders include major public and private sector banks, financial institutions, and prominent individuals. Notable shareholders are: State Bank of India, Union Bank of India, UCO Bank, Canara Bank, Punjab National Bank, Indian Overseas Bank, Indian Bank, Bank of India, Bank of Baroda, HDFC Bank, Axis Bank, Multi Commodity Exchange of India Limited (MCX), IL&FS, IFCI, and individuals like Mr. Radhakishan S Damani, Mr. Siddhartha Balachandran, and Mr. Nemish Shah.
Get the latest updates on MSEI IPO, NSC IPO, and how you can check IPO details yourself.
IPO news.
MSI came into the news with an investment of ₹238 crores from top investment firms. After the buzz around MSC's IPO, I began researching MSCI's IPO and came across significant insights about India's stock exchanges. There are three major stock exchanges in India: NSE (National Stock Exchange), BSE (Bombay Stock Exchange), and MSCI (Metropolitan Stock Exchange of India).
While BSE and NSE are top contenders, it's crucial to note that NSE is yet to issue its IPO, unlike BSE. The process of launching an IPO involves filing a Draft Red Herring Prospectus (DRHP) with SEBI, and it's only after this filing that an IPO is considered for listing.
To keep track of the latest updates on the IPO of NSE, you can visit SEBI's official website. You can check if the DRHP for NSC or MSEI has been filed, as that’s the first step toward IPO issuance. NSE filed its DRHP back in December 2016, but as of 2025, there haven't been any significant updates. For MSEI, no DRHP has been filed yet, which means there are no updates currently available on the SEBI website.
The best way to track updates is by visiting the official SEBI website regularly or by following updates on platforms like this. By searching for "National Stock Exchange" or "Metropolitan Stock Exchange" on the SEBI site, you can get any news regarding their IPOs.
Currently, MSEI is struggling with a lack of trading activity, and its market cap is a mere ₹4,800 crores. In comparison, the National Stock Exchange (NSE) has a market cap of ₹415,000 crores. The lack of trading volumes in MSEI is one of the key reasons behind its loss-making status, with a PE ratio of -98. This is a clear indicator that MSEI is far behind its competitors in terms of profitability and growth.
As of December 2024, NSC saw a dramatic increase in its shareholders, jumping from 1,941 shareholders in 2021 to over 5,000 by 2024. This increase is a clear indication of the growing interest in NSC, even though it has yet to go public. The demand for NSC shares in the unlisted market is extremely high, with the price of its unlisted shares reaching ₹1,680.
MSEI has recently received a significant investment of ₹238 crores. However, the exchange’s share price has been fluctuating, with the price dropping to ₹8 after peaking at ₹15. This volatility, combined with the low trading volumes, has contributed to MSCI’s poor performance. For MSEI to turn things around, brokers like Zerodha must include MSCI in their trading platforms, which could drive more interest and profitability for the exchange.
To stay up-to-date on the MSEI IPO, you can regularly check SEBI’s website for any updates regarding the DRHP or IPO filing. You can also follow my website, where I regularly update the latest details regarding MSEI’s IPO and other financial news.
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