Metropolitan Stock Exchange Pre IPO Review & Analysis Metropolitan Stock Exchange of India Limited (MSEI) is a full-service national level Stock Exchange with a license to operate in Equity, Equity Derivatives, Currency Derivatives, Debt, and SME Platform.
It has a 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 percent. MCCIL is in the business of clearing and settlement of deals in multi-asset classes carried out at MSEIL and MEAL is in the business of maintaining a database for members of the exchange and others 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/Falls 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.