MSEI Financial Performance & Shareholding
📉 Financial Performance
Revenue & Losses: In FY 2023–24, MSEI reported a revenue of ₹21 crore and a net loss of ₹48.8 crore. However, the company has been focusing on reducing losses compared to previous years.
Source: stockify.net.in
🧾 Share Issuance
In December 2024, MSEI approved the issuance of up to 119 crore equity shares at ₹1 each, with an additional ₹1 premium per share, targeting a total fundraise of ₹238 crore.
Notable investors:
- Billionbrains Garage Ventures (associated with Groww)
- Rainmatter Investments (linked to Zerodha)
- Securocorp Securities
- Share India Securities (acquired a 4.95% stake)
Sources: coveragezone31.com, theprofitaxis.com, stockify.net.in
📊 Market Activity & Share Price
MSEI's unlisted share price has been highly volatile. It moved from ₹1.20 in September 2024 to ₹12.50 by January 2025. As of June 2025, the share price is estimated between ₹4 and ₹25, reflecting investor optimism amid restructuring efforts.
Sources: stockify.net.in, factzing.com
🧑💼 Management & Strategic Initiatives
Leadership: MSEI is led by a professional team, with Latika S. Kundu serving as Managing Director and CEO since March 2020.
Strategic Focus:
- Enhancing equity trading platform
- Attracting listings from regional stock exchanges
- Expanding offerings like ETFs and block deals
Over 130 companies have migrated to MSEI in recent months, with another 40 applications under review.
Source: msei.in, coveragezone31.com
📅 Regulatory Developments
The Securities and Exchange Board of India (SEBI) granted MSEI a one-year license renewal to operate as a stock exchange, effective from January 1, 2025.
This highlights SEBI's confidence in MSEI’s progress and restructuring plans.
Source: coveragezone31.com
🔮 Outlook for 2025
With backing from notable financial institutions and a focus on technology, MSEI is preparing for a potential Initial Public Offering (IPO).
Investor Caution: Despite positive developments, investing in unlisted shares carries risks, such as limited liquidity and price volatility.
Source: theprofitaxis.com
If you require further information or assistance regarding MSEI's offerings or investment opportunities, feel free to ask.



