MSEI Unlisted Shares in India: Latest Price, Financials, News & How to Buy (September 2026)
If you want to buy MSEI unlisted shares, you need the price, the company's financial health, the IPO status and the buying process. This guide covers all four, using figures as of 29 September 2026.
What is MSEI?
The Metropolitan Stock Exchange of India (MSEI, formerly MCX Stock Exchange) was incorporated in 2008 and is headquartered in Mumbai. It is a SEBI-recognised exchange for equity, currency derivatives, debt, ETFs and SME products. Latika S. Kundu is its MD & CEO. MSEI has no promoter group, and its capital is held entirely by institutions and other investors.
For investors, MSEI unlisted shares India are a bet on a small, loss-making exchange trying to grow against the NSE-BSE duopoly.
MSEI Unlisted Share Price Today (Table)
The MSEI unlisted share price is set over the counter by dealers, so it differs slightly between platforms. Here is what is being quoted:
The MSEI share price today is roughly ₹7.20 to ₹7.75. The price was about ₹4.50 to ₹6.40 in late August, according to So it has climbed sharply in September.
MSEI Unlisted Share Value: Key Numbers (Table)
The table below is a quick guide to MSEI unlisted share value.
The book value is about ₹0.36 and the price is about ₹7.50, so the market values MSEI at roughly 21 times its book value while the company makes losses.
MSEI Pre-IPO Share Price vs Official Valuation
The MSEI pre-IPO share price on dealer platforms is not the same as what MSEI's own investors paid. According to the company's private placement filing, an independent valuer priced MSEI shares at ₹2.00 each (DCF method, valuation date 18 June 2025). this in detail.
At about ₹7.50, the OTC price is roughly 3.75 times the ₹2 institutional price. That premium is worth remembering before you buy.
Audited Financials (Table)
These figures come from MSEI's regulatory filing (₹ lakh):
Operating revenue has fallen for three years, from ₹9.21 crore to ₹4.31 crore. The FY25 loss narrowed, but most of MSEI's income is still non-operating. The balance sheet improved in FY25 because of fresh equity raised, not because of business growth.
Fundraising and Investors
MSEI has raised or approved significant capital in recent rounds:
MSEI Unlisted Shares Latest News
NSE trading on MSEI: MSEI admitted NSE shares for trading under the "Permitted to Trade" category from 24 September 2026, alongside BSE. This raises MSEI's profile and is one reason for the recent price jump.
Tokenised bond: On 11 September 2026, MSE's electronic bond platform facilitated India's first tokenised corporate bond under SEBI's Demat 2.0 pilot.
Cash market push: Reports on 9 September 2026 said MSE may soon become a cash market option on broker platforms Groww and Zerodha.
IPO status: No DRHP has been filed with SEBI and no IPO date is announced. Any MSEI IPO share price today you see is only a pre-IPO estimate, not an official price.
MSEI Unlisted Shares Kaise Kharide (Step-by-Step)
Agar aap soch rahe hain ki MSEI unlisted shares kaise kharide, to process simple hai:
Choose a trusted dealer. Pick a platform that can show you MSEI's filings, not just a price. You can start with SN Capital's MSEI page.
Complete KYC. You need PAN, Aadhaar and bank details.
Confirm the price and quantity. Check the current quote and the lot size, which varies by platform.
Transfer funds. Pay through a bank transfer to the dealer's verified account.
Receive shares in your demat account. MSEI shares are held in NSDL/CDSL demat form and usually credit within a few working days.
Note the lock-in. After an IPO, retail buyers face a 6-month lock-in.
Risks to Know Before You Buy
There is no confirmed IPO date, and no guarantee of one.
The company is loss-making, and its operating revenue has declined.
The OTC price is about 3.75 times the ₹2 institutional price and about 21 times book value.
Unlisted shares have limited liquidity and can be hard to sell quickly.
Prices are set by dealers, so quotes vary between platforms.
This is not investment advice. Do your own research and consult a SEBI-registered advisor.
FAQs
1. What is the MSEI unlisted share price today?
Dealer platforms quote about ₹7.19 to ₹7.75 per share as of late September 2026. See the latest MSEI unlisted shares price before you decide.
2. Is there an MSEI IPO date?
No. MSEI has not filed a DRHP with SEBI and has not announced an IPO date.
3. Why did the MSEI unlisted share price rise recently?
The price rose about 30% in September 2026. Likely triggers include NSE shares being admitted for trading on MSEI, the tokenised bond pilot and talk of broker-platform access. Sentiment can reverse as quickly as it built.
4. What is the ISIN of MSEI?
INE312K01010.
5. What is the minimum investment?
This depends on the platform's lot size. SN Capital shows a minimum of ₹730 (100 shares), while other dealers quote larger lots.
6. Is MSEI profitable?
No. It made a net loss of ₹34.22 crore in FY25, narrower than the ₹48.75 crore loss in FY24.
7. Who are the major investors in MSEI?
They include Zerodha's Rainmatter, Share India, Peak XV Partners, Jainam Broking, Marwadi Chandarana and KIFS International.
8. Is it safe to buy MSEI unlisted stock?
It is legal, but risky. The main risks are low liquidity, dealer-set prices, no IPO timeline and losses. Only invest money you can leave untouched for a long time.
9. What is the lock-in after IPO?
Retail investors, HNIs and body corporates face a 6-month lock-in from the listing date.
Final Thoughts
MSEI has strong backers, fresh capital and some good news, but it also has falling operating revenue, continued losses and a price well above its institutional valuation. Read the primary filings and the audited numbers breakdown before you buy MSEI unlisted stock.
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