How to Buy Metropolitan Stock Exchange Unlisted Shares: Complete Investment Guide

Introduction

The Metropolitan Stock Exchange (MSE) may not be as popular as the NSE or BSE, but it’s drawing attention — albeit quietly — from those who are constantly looking for diamonds in the dust in India’s financial markets. While IPO bound companies make daily headlines, there is another type of opportunity that perhaps tog: Metropolitan Stock Exchange unlisted shares which is gaining quite some traction.

In this CoinDCX News guide, we examine everything there is to know about how to buy Metropolitan Stock Exchange unlisted shares, including metropolitan stock exchange unlisted share price, risks, process, and why this unlisted stock may be worth considering for YOUR portfolio.

What Are Unlisted Shares?

Before diving deep into MSE, let’s understand the basics.

Unlisted Shares Unlisted shares are shared in the companies which are not listed on any stock exchange. These are purchased and sold OTC (over-the counter) through an intermediary, a broker or a private placement.

Investing in unlisted shares offers:

• Early entry before IPO
  
• Lower valuations
  
• Higher growth potential
  

But also involves:

• Illiquidity
  
• Valuation risk
  
• Lack of public information

About Metropolitan Stock Exchange (MSE)

MSE Stock Exchange Ltd., known as MSE at a later stage, is one of the three recognized stock exchanges of India (BSE, NSE and MSE) and one of the two stock exchanges of the city of Mumbai (BSE being the other). Conceived with the vision to democratize the capital markets, MSE provides:

• Equity trading
  
• Currency derivatives
  
• Debt instruments
  

MSE has failed to achieve volume and visibility after regulatory approval and development of its technology platform. But its institutional sponsorship history, particularly top names like SBI, LIC, Union Bank and MCX, is something for investors to sit and up take notice of.

This backing should make the Metropolitan Stock Exchange unlisted share an attractive bet for investors looking at the long term, and are expecting a turnaround or an IPO a few years down the line.

Why Invest in Metropolitan Stock Exchange Unlisted Shares?

Indeed, everyone knows the excitement of chasing IPOs, but the biggest gains are usually made well before a company goes public. Here’s why investors are increasingly interested in searching for the metropolitan stock exchange unlisted share:

1. Strategic Backing

Some of India’s largest financial institutions are investors in MSE. That kind of support suggests confidence in the exchange’s vision and potential for the long term.

2. Turnaround Potential

The exchange isn’t doing big volumes today, but its infrastructure is well laid out. MSE might become a serious rival for other players, if regulatory changes or strategic winds change the competitive landscape.

3. Lower Entry Valuations

For contrast, IPO valuations are typically inflated by hype, whereas the unlisted share price of the metropolitan stock exchange is quite stable and tends to be undervaluation.

4. High Risk, High Reward

Like with any unlisted shares, you’re taking a risk — but the potential pay-off could be huge if MSE is able to scale.

How to Check Metropolitan Stock Exchange Unlisted Share Price

The price of metropolitan stock exchange unlisted share is not provided on nse or bse. Instead, the cost is what the supply-demand equation in the unlisted market dictates.

You can also check for the current prices:

• Niche brokers eg UnlistedZone, Bennet and Bernard, Shareskart, Planify or TradeUnlisted.
• Websites that provide financial information for unlisted companies
• WhatsApp or Telegrams groups to discuss pre-IPO investing
  

As of July 2025, the metropolitan stock exchange unlisted shares are trading in the price band of ₹6.00 – 7.50 per share on factor of the lot size and supply of shares.

Step-by-Step: How to Buy Metropolitan Stock Exchange Unlisted Shares

Buying Metropolitan Stock Exchange unlisted shares is much easier But remember to follow a safe procedure.

Step 1: Choose a Reliable Broker or Platform

Stick to platforms that deal with unlisted shares, such as:

• Planify
  
• Shareskart
  
• UnlistedZone
  
• AltaVista Capital
  

Step 2: Request the Latest Price & Lot Size

Get in touch with your chosen broker and ask for the current metropolitan stock exchange unlisted share price and available lot size (usually 100–1000 shares).

Step 3: Complete KYC

Most brokers will require:

• PAN Card
  
• Aadhaar or Passport
  
• Bank proof (cancelled cheque)
  
• Demat account details
  

Step 4: Make Payment

You will need to transfer the funds via NEFT/IMPS to the broker’s escrow or registered account.

Step 5: Share Allotment in Demat Account

Once the payment is confirmed, shares will be transferred to your demat account within 24–72 hours. A contract note will be shared as proof of transaction.

Risks Involved in Buying Unlisted Shares

Every investment carries risks—unlisted shares even more so.

Here’s what to keep in mind:

Illiquidity

You can’t buy or sell instantly. Finding buyers or sellers in the unlisted space can take time.

No Daily Market Updates

You won’t find metropolitan stock exchange unlisted share price today like you would for listed stocks. Prices are updated weekly or on demand.

Regulatory Changes

Any change in SEBI guidelines or exchange policies can impact valuation or business model.

Taxation on Unlisted Shares in India

If you sell MSE unlisted shares:

• Held < 24 months: Short-term capital gain (taxed as per your slab)
  
• Held ≥ 24 months: Long-term capital gain at 20% with indexation
  

Dividends are taxed as per your income slab.

Pro Tip: Maintain proper documentation of purchase date, share certificate, and broker contracts for audit-proof investing.

Exit Options: How Will You Sell MSE Unlisted Shares?

You can exit your investment in three ways:

1. Pre-IPO Exit
   Sell to other investors or brokers in the unlisted market.
   
2. Buyback Offer
   Some companies buy back their unlisted shares from investors.
   
3. IPO Exit
   If MSE goes public, your shares will be listed and can be traded like any regular stock.
   

Currently, no IPO is scheduled for MSE, but market buzz suggests long-term possibilities.

Future Outlook: Will MSE Unlisted Shares Pay Off?

If MSE:

• Gains trading volume,
  
• Launches new products like SME or startup listings,
  
• Or goes public—
  

Then early investors in Metropolitan Stock Exchange unlisted shares could see healthy returns.

Final Thoughts: Is It Worth Buying Metropolitan Stock Exchange Unlisted Shares?

Just in case you are a long time investor and you are attracted to high risk, high reward instruments, you deserve to have a look at metropolitan stock exchange unlisted share. Yes, it’s low liquidity, and low visibility, but the upside is significant.

The metropolitan stock exchange unlisted share price today may sound like drips—but patrons of NSE in the early 2ks will remember: patient investing does bear outsized fruit in the infrastructure of capital markets.

At CoinDCX News, here are our thoughts on those who are considering investing in unlisted shares – while keeping in mind the manner in which they want to invest, the size of their conviction, and the time horizon.

Frequently Asked Questions (FAQs)