Metropolitan Stock Exchange (MSEI) Unlisted Shares
Metropolitan Stock Exchange of India Limited (MSEI) is a full-service National level Stock Exchange with license to operate in Equity, Equity Derivatives, Currency Derivatives, Debt and SME Platform. It has live trading platform in all segments except SME. MSEIL has two subsidiaries: Metropolitan Clearing Corporation of India Limited (MCCIL) and MCX SX KYC Registration Agency Limited (MRAL) in which it holds 86.94 and 100 per cent. MCCIL is in the business of clearing and settlement of deals in multi asset classes carried out at MSEIL and MRAL is in the business of maintaining a database for members of the exchange and other under the Know Your Client (KYC) Guidelines.
Key Highlights
(i) The ownership of MSEIL is diversified between corporates, banks and individuals.
(ii) The shareholding of MSEIL consists of Banks/Flls at 23.64% which includes leading public and private sector
banks like State Bank of India, Bank of Baroda, Punjab National Bank, Axis Bank, HDFC Bank etc.
(iii) Leading Corporates and institutions hold around 29.94% which includes Edelweiss Commodities Services Limited, IL&FS Financial Services Limited, Multi Commodity Exchange of India Limited, etc.
(iv) Individual Investors hold around 40.47% which includes leading investors like Mr. Rakesh Jhunjhunwala, Mr. Radhakishan Damani, Mr. Nemish Shah among others.
Recent Interaction with Management of MSEI
Metropolitan Stock Exchange (MSEI) Unlisted Shares Details:
| Total Available Shares: | 1000000 |
| Face Value: | ₹ 1 Per Equity Share |
| ISIN: | INE312K01010 |
| Lot Size: | 10000 Shares |
| Current Unlisted Share Price: | ₹ 1.45 Per Equity Share |
| Retail Discount: | Bulk Deal (5%) |
Promoters And Management:
| NAME | DESIGNATION |
| Mr. Udai Kumar |
Managing Director & CEO |
| Prof. Ashima Goya | Chairperson & Public Interest Director |
| Mr. D. G. Patwardhan | Public Interest Director |
| Mr. D. K. Mehrotra | Public Interest Director |
| Mr. Ajai Kumar | Public Interest Director |
| Mr. Ketan Vikamsey | Public Interest Director |
Shareholding Pattern:
| Sr.no | Name of the Shareholder | No.of Shares | %age |
| 1 | Multi Commodity Exchange of India | 33,17,77,008 | 6.94% |
| 2 | Siddharth Balachandran | 23,84,09,950 | 4.99% |
| 3 | RADHAKISHAN S Damani | 11,93,63,496 | 2.50% |
| 4 | TRUST INVESTMENT Advisors private Limited | 11,91,15,930 | 2.49% |
| 5 | JHUNJHUNWALA Rakesh | 11,91,08,353 | 2.49% |
| 6 | UNION BANK OF India | 10,87,50,000 | 2.27% |
| 7 | STATE BANK OF India | 9,74,00,000 | 2.04% |
| 8 | NEMISH S SHAH | 9,73,70,000 | 2.04% |
| 9 | AADI FINANCIAL Advisors LLP | 9,73,50,000 | 2.04% |
| 10 | MAIANK BHARAT Kumar Mehta | 8,87,54,112 | 1.60% |
Financials of Metropolitan Stock Exchange (MSEI) Unlisted Shares:
| Consolidated Financial Performance | |||
| Particulars (Rs. In Lakhs) | 2015-16 | 2016-17 | 2017-18 |
| Total Revenue | 3200.64 | 3638.37 | 2828.06 |
| Profit/Loss Before Tax (PBT) | -4005.34 | -3258.25 | -5476.30 |
| Profit/Loss After Tax (PAT) | -4005.34 | -3258.25 | -5474.85 |
| Earnings per share (EPS) | -0.16 | -0.15 | -0.15 |
Other Highlights |
|
|
Particulars (Rs.In Lakhs) |
2018 |
|
Equity Capital |
4773.91 |
|
Book Value |
39932.36 |
|
Book Value Per Share |
1.20 |
|
Face Value (In Rs.) |
1 |
What is the market cap of BSE and msei
Will msei merge in BSE and what would b swap ratio approximately
Sir swap ratio depends upon the valuation of the two companies.
A company has Mcap of 1000 Cr
B Company has Mcap of 100 Cr
Now if A acquires company B then, Shareholders of B will get one share of A for every 10 shares of B as the valuation of A is 10x as compared to B.
So Swap Ratio ultimately depends upon the valuation of two companies at the time of the merger.
What may b the swap ratio is this merger possible
Which merger you are taking about sir??
Merger of BSE and msei
Will msei merge in BSE and what would b swap ratio approximately
********Postive News for MSEI Share*********
The SEBI is reducing the Net Worth Requirement of one of the Subsidiaries of i.e. MCCIL from 300 Cr to 100 Cr. So the saving of Rs. 200 Cr can be utilized for the turnaround of MSEI and we can see a lot of changes in the company operationally.
On August 4, 2018 the company has offered to its eligible shareholders, on rights basis, 68,32,00,300 equity shares at a price of INR 2.00 aggregating to INR 136,64,00,600 in the ratio of 1 (one) equity share for every 7 (seven) equity shares (1:7) held as on the record date (i.e., August 03, 2018).
This issue opened on August 10, 2018, and closes on September 4, 2018.
The proceeds raised from the issue of Equity Shares shall be utilized to implement the business growth plan of the exchange and achieve breakeven.
Conclusion :
This clearly shows that the company is estimating that share price of MSEI shares worth more than Rs.2
Subsidiaries of MCX as on 31.03.2018
(i) The Company has two subsidiaries i.e. Metropolitan Clearing Corporation of India Limited (MCCIL) and MCX-SX KYC Registration Agency Limited (MCX-SXKRA).
(ii) Metropolitan Clearing Corporation of India Limited (MCCIL) undertakes clearing and settlement of the trades transacted on the Exchange platforms. As on March 31, 2018, the operating income of MCCIL has decreased from Rs. 0.67 crore in the previous year to Rs. 0.23 crore in the current year. The profit after tax decreased from Rs. 1.64 crore in the previous year to Rs. 0.88 crore in the current year. Operational the l income has gone down because of reduction in clearing and settlement fees revenue. Decreased in Profit before tax was due to increase in Technology and other expenses.
(iii) MCX-SX KRA is a wholly owned subsidiary of the Company incorporated to undertake the business of KYC (Know Your Customer) Registration Agency Metropolitan Stock Exchange of India Limited and allied activities, subject to registration with SEBI under SEBI {KYC (Know Your Client) Registration Agency} Regulations, 2011. MCX-SX KRA is yet to commence its operations.
MCCIL has executed an agreement with Indian Commodity Exchange Limited (ICEX) for offering clearing and settlement services to ICEX for trades done on their existing Commodities and derivatives segments. MCCIL is awaiting SEBI approval for the same.
As per Annual Report 2018
(i) The Company is a full-service National level Stock Exchange with a license to operate in Equity, Equity Derivatives, Currency Derivatives, and Debt Platform. The Exchange has a live trading platform in all segments except SME. The Exchange also has a subsidiary Metropolitan Clearing Corporation of India Limited (MCCIL) for clearing and settlement of all trades on the Exchange.
(ii) The current owner of the Exchange is well diversified between corporates, banks, and individuals. The Exchange is required to seek annual renewal of recognition from SEBI which is next falling due in September 2018. The Exchange has already applied to SEBI for the same.
(iii) The overall business plan involves a 360-degree focus on business positioning, members’ engagement, branding, advertising, product development, and business process efficiencies.
(iv) The Company shall continue to optimize its cost structure while incurring necessary business expenses. Operating expenses such as clearing & settlement charges, rent, annual maintenance contract charges for technology platforms shall be further reduced.