Private EquityScreenerRefer

MARKET INSIGHTS

  • EventsNEWPrivate market milestones
  • NewsPrecize daily pulse
  • BlogsIn-depth articles and opinions

GUIDES

Explore Now
  • Unlisted SharesStep-by-step · KYC
  • BuyingStep-by-step · KYC
  • SellingExit in 24 - 48 hours
  • Pre-IPOReturns · risks · case studies
  • Tax GuideBudget 2026 changes
  1. Home
  2. Unlisted share news
  3. Metropolitan Stock Exchange raises Rs 238 crore; Groww promoters, Zerod…

Metropolitan Stock Exchange raises Rs 238 crore; Groww promoters, Zerodha's Kamath brothers fund among investors

26 Dec 2024

Add as preferred source
Key Takeaways

MSEI’s ₹238 crore equity issuance, backed by marquee investors, aims to boost trading activity and enhance valuations.

MSEI’s ₹238 crore equity issuance, backed by marquee investors, aims to boost trading activity and enhance valuations.

Metropolitan Stock Exchange of India (MSEI) Unlisted Shares

Metropolitan Stock Exchange of India

-3.70%

Expert Analysis

MSEI approves ₹238 crore equity issuance via private placement.

Expert Analysis:

  • Investor Participation: Investors include Billionbrains Garage Ventures (Groww's promoter), Rainmatter Investments (Zerodha founders), Securicorp Securities, and Share India Securities.

  • Board Approval: The Board of Directors, in its adjourned meeting on December 24, 2024, approved the issuance of up to 119 crore equity shares.

  • Share Details: Each share will have a face value of ₹1 and a premium of ₹1, to be allocated to Billionbrains Garage Ventures, Rainmatter Investments, Securicorp Securities India, and Share India Securities, subject to consents and approval at the Extra Ordinary General Meeting.

  • Low Trading Activity: MSEI typically experiences limited trading activity across most of its segments, including equities, equity derivatives, currency derivatives, and interest rate derivatives.

  • Equity vs Derivatives: While the equity segment sees nil trading on most days, there is some traction in the derivatives segments, particularly in equity and currency instruments.

  • Investor Expectations: Market participants believe investments in MSEI are based on the expectation of rising trading activity and valuations, similar to BSE’s growth.

Publisher:money control