In a significant effort to boost the Indian financial markets, the Metropolitan Stock Exchange of India (MSEI) has received investments totalling ₹238 crore from Rainmatter Investments, Billion Brains Garage Ventures, Share India Securities Ltd and Securecorp Securities India Pvt Ltd. This move is set to help MSEI succeed in the Indian stock exchange market.
Industry leaders are making key investments in new technologies.
In December 2024, the MSEI board approved the issue of 119 crore equity shares at a price of ₹2 per share, which features a Rs 1 face value and a Rs 1 premium. Such a fundraising move demonstrates how much these investors believe in MSEI.
- Nithin and Nikhil Kamath formed Rainmatter, which is known to invest in innovative businesses in the fintech industry. Backing MSEI demonstrates a determination to make trading available to more people and improve the technological side of trading.
- Groww is part of Billion Brains Garage Ventures, meaning that Groww benefits from Billion Brains’ involvement and can offer its services to a larger number of retail investors.
- Share India Securities Limited is a publicly listed firm that has invested Rs. 59.5 crore for 4.96% of MSEI. This step aims to provide more services, including for institutional investors in foreign countries.
- Securocorp Securities India Pvt Ltd: Although Securocorp is not widely discussed, its presence proves that the sector backs MSEI as it grows.
The Vision and Place in the Market of MSEI
MSEI is a national-level stock exchange that provides services in equity, equity derivatives, currency derivatives, and debt sectors. Although MSEI’s share of the Indian stock market is smaller than that of NSE and BSE, reinvesting its capital will help the marketplace develop technologically, introduce new financial products, and attract more investors. MCCIL and MRAL are the subsidiaries of the exchange, which enables the exchange to offer a wide range of services to those using the market.
Influence on the Indian financial markets
This teamwork is a key event for MSEI and the whole Indian financial sector. MSEI’s association with well-known fintech and brokerage companies will allow it to compete, innovate, and expand the services available to investors. Given the support of Rainmatter and Billionbrains, MSEI gets the funding it needs and also benefits from its experience and technological know-how as the market goes digital.
What is more, Share India highlights the trend where brokerage firms expand their offerings and work closely together to serve customers better. As a result, investors may get faster and more effective service, which would make the market more efficient.
Effect on MSEI Unlisted Share Price
MSEI is a national-level stock exchange having a licence to operate in currency derivatives, equity derivatives, debt, and more. An interesting thing to note about the stock exchange is that it is not listed on the stock exchange. Though you can invest in its unlisted companies through Stockify.
Groww and Zerodha’s parent investments increased the confidence of investors in MSEI, raising its MSEI share price. On Sept 24, it was trading around Rs 1.2 per share, and by Jan 25, it reached Rs 12.5 per share. Right now, MSEI is trading at ₹8.93. Stockify allows investors to get into high-potential companies before they are available to the public, using verified information and a smooth process. If you are looking to capitalise on such growth opportunities, check Stockify.