Metropolitan Stock Exchange of India (MSEI) Pre IPO Price: Key Insights, IPO Date & Share Price Target 2025
25 June 2025 · Sachin Gadekar
Is the MSEI pre-IPO share worth your investment? Dive into MSEI financials, IPO status, share price target, and expert analysis.
About MSEI (Metropolitan Stock Exchange of India)
The Metropolitan Stock Exchange of India Ltd (MSEI) is one of India’s three stock exchanges recognized by SEBI. Though it’s operational for over a decade, MSEI has remained in the shadow of its dominant competitors—NSE and BSE.
However, with whispers of an upcoming IPO and its availability in the unlisted market, investors on platforms like Ultra are eyeing this opportunity keenly.
This article breaks down the MSEI pre IPO share price, financials, IPO expectations, and 2025 price target to help you make an informed decision.
About Company:
Incorporated in 2008, MSEI was established with a mission to promote a transparent, technology-driven trading platform. It is recognized by SEBI and operates under stringent regulatory and cyber-security standards.
Key Offerings Include:
Equity cash & derivatives
Currency derivatives
ETFs & sovereign gold bonds
Innovative indices like SX40 & SXBANK
Despite limited volume, MSEI continues to build credibility through compliance and tech innovation.
MSEI Key Financials: Performance at a Glance
| Particulars (₹ Cr) | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|
| Revenue from Ops | 7.36 | 9.21 | 10.06 | 10.63 |
| Operating Expenses | 61.60 | 58.34 | 45.24 | 51.12 |
| Operating Profit | -54.24 | -49.13 | -35.18 | -40.49 |
| Other Income | 13.69 | 45.44 | 15.00 | 21.82 |
| Profit Before Tax | -47.59 | -14.73 | -31.26 | -30.67 |
| Profit After Tax | -48.74 | -18.67 | -31.67 | -31.08 |
| Diluted EPS | -0.10 | -0.04 | -0.06 | -0.06 |
MSEI Share Price Target 2025
| Scenario | Target Price |
|---|---|
| Conservative | ₹10 – ₹12 |
| Optimistic (Post IPO) | ₹14 – ₹16 |
Strengths & Weakness
Strengths of MSEI
1. Strong Technological Infrastructure
Real-time data replication and robust cyber-security frameworks offer enterprise-grade trading reliability.
2. SEBI Recognition
MSEI operates under strict SEBI regulations, lending it trust and credibility.
3. Diverse Product Offerings
From equity F&O to currency derivatives and niche indices, MSEI caters to varied trading interests.
4. Financial Literacy Initiatives
Unique events like “Millennials and Responsible Investing” help attract new retail investors.
Weaknesses of MSEI
Consistent Financial Losses
The exchange has been in red for several years due to low trading volumes and high operational expenses.
Weak Market Penetration
In comparison to NSE and BSE, MSEI has negligible market share in terms of daily turnover.
Brand Visibility
MSEI lacks widespread brand recognition among retail and institutional traders.
Board of Directors & Leadership
| Name | Role |
|---|---|
| Dinesh C Patwari | Chairman & Public Interest Director |
| Latika S Kundu | Managing Director & CEO |
| Ashok Kumar Dogra | Public Interest Director |
| Rakesh Kumar Srivastava | Public Interest Director |
| Saket Bhansali | Chief Financial Officer |
FAQs on Metropolitan Stock Exchange (MSEI) Pre IPO
Q1. What is the current pre IPO price of MSEI?
As of now, MSEI shares are trading at ₹8.50 in the unlisted market.
Q2. Is MSEI IPO announced?
No, there’s no official announcement on MSEI IPO release date yet. However, future listing is anticipated.
Q3. What is MSEI share price target for 2025?
Depending on performance and IPO success, the MSEI share price may reach ₹10–₹16 by 2025.
Q4. How can I buy MSEI shares pre IPO?
You can buy MSEI unlisted shares through platforms like Ultra which offer verified and secure pre IPO investments.
Q5. Why is MSEI posting losses?
Low trading volumes, limited market share, and high fixed costs have led to recurring losses for MSEI.
Final Thoughts: Should You Invest in MSEI Pre IPO?
MSEI is a high-risk, high-reward opportunity. While its fundamentals are weak, it has regulatory approval, robust tech infrastructure, and long-term potential.
If you’re a risk-tolerant investor looking for undervalued picks with future upside, MSEI might fit your pre IPO investment strategy.
Start your investment journey today at Ultra—India’s trusted platform for unlisted shares, pre IPO deals, and alternative investments.