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Unlisted shares are illiquid and carry higher risk than listed securities. Prices are indicative, not live. Read the risk disclosure.

Valuation
Financials (FY2024)
Investment Thesis
BgSE Properties and Securities Limited is the reconstituted Bangalore Stock Exchange, now a commercial property company leasing its landmark Stock Exchange Towers building on JC Road, Bangalore after SEBI ordered the exchange to exit in 2014.
Pros
Cons
Business Segments
Commercial Property Leasing
Leasing of commercial premises, co-working spaces, and smart offices at Stock Exchange Towers, JC Road, Bangalore.
Securities (Historical)
Formerly operated as Bangalore Stock Exchange Limited — received SEBI exit permission December 2014; discontinued exchange business.
Revenue Model
BgSE Properties and Securities Limited primarily generates revenue from commercial property ownership and leasing activities in Bangalore. Historically, revenue also came from fees associated with the Bangalore Stock Exchange's operations (trading, membership, listing fees). Following the derecognition of BgSE in 2014, the company's revenue base has likely shifted predominantly to property income.
Detailed Analysis
Growth Plans
Potential monetization or redevelopment of Bangalore commercial real estate assets
Corporate restructuring or merger could unlock asset value
Rising Bangalore commercial real estate values could improve book value
Industry Tailwinds
Potential monetization or redevelopment of Bangalore commercial real estate assets
Frequently Asked Questions
About BgSE Properties and Securities
BgSE Properties and Securities Limited is a Bangalore-based company incorporated on 28 May 1937 — making it one of India's oldest actively operating companies with nearly 90 years of corporate history. The company is directly associated with the Bangalore Stock Exchange (BgSE) and is headquartered at Stock Exchange Towers, 51, 1st Cross, J.C. Road, Bangalore — the historic home of the Bangalore Stock Exchange. The company's primary business activities include provision of commercial premises for rent and lease, including co-working spaces and smart offices. It manages the Stock Exchange Towers, a landmark commercial property in central Bangalore, leveraging the real estate value of BgSE's historic infrastructure. This pivot from pure securities/exchange activities to commercial property monetisation reflects the broader evolution following SEBI's consolidation of regional stock exchanges under NSE and BSE. BgSE Properties was established at the height of the British colonial era in 1937, when Bangalore was a significant commercial centre. The Bangalore Stock Exchange operated as a regional bourse serving South Indian investors and companies for decades. Following SEBI's policy of consolidating trading to the national exchanges (NSE and BSE), regional exchanges like BgSE transitioned their operations, with the exchange's properties and infrastructure becoming the primary remaining assets. The company has an authorised share capital of ₹10 crore and a paid-up capital of approximately ₹3.67 crore. Directors include Motilal Jain Gowtham Chand, Vinod Gowthamchand Jain, Ramesh Chandra Mishra, Sivaraman Kearlacherry Mundayankottil, Nuggehalli Ramamishra Srinivas, and Raghavan Venkata Raman — a board composition reflecting both the founding families and professional management. The prime J.C. Road location in central Bangalore provides the company's property portfolio with strong fundamentals, benefiting from Bangalore's emergence as India's technology hub and the resulting office space demand in the city's commercial districts.
Key Milestones
Common questions about unlisted shares
You buy from and sell to the wisefolio desk — shares route through the desk's demat, money-in before shares-out.
You enquire
· Takes 2 minutesTell us the company and quantity you want. Share your demat details so we can settle directly into your account.
We source & quote
· Typically within 1 business dayOur desk sources the shares and comes back with a firm price and an allocation for the quantity available.
You accept the allocation
· Quote valid for 3 daysReview the price, quantity and total. Accept to lock the allocation. The quote is valid for a short window before it needs re-pricing.
You transfer the funds
· Pay within 2 days of acceptingPay by direct bank transfer to the desk's published account — never to a personal account. We confirm receipt and begin the transfer.
Shares reach your demat
· Usually credited within 2–3 business daysOnce payment is verified, the shares are transferred from the desk's demat into yours, and you receive a transfer confirmation.
A principal desk for unlisted & pre-IPO shares — you transact with us, not a stranger.
You enquire
Takes 2 minutes
We source & quote
Typically within 1 business day
You accept the allocation
Quote valid for 3 days
You transfer the funds
Pay within 2 days of accepting
Shares reach your demat
Usually credited within 2–3 business days
Unlisted shares are illiquid and carry higher risk. Pricing is indicative, not live, and these are private off-market transactions with no exchange settlement guarantee. Read the full risk disclosure.
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Corporate restructuring or merger could unlock asset value
Rising Bangalore commercial real estate values could improve book value
Industry Headwinds
Limited public disclosures make it difficult to assess asset quality
Risk of the company becoming a shell entity following exchange derecognition
Illiquid unlisted shares with minimal trading activity
Legacy real estate business with uncertain revenue transparency
Source: Company Financial Filings
Limited float — shares not actively traded in any secondary market
Source: Media Reports / Public Records
Commercial real estate in Bangalore, while broadly appreciating, may face specific risks around property title, encumbrances, litigation, or outdated valuations for this legacy holding.
As an unlisted company with a dormant or substantially changed primary business, there is minimal publicly available financial data, making due diligence very challenging.
Shares at ₹11 in the unlisted market have very limited buyer interest, making exit highly difficult for any investor.
Incorporated May 29, 1937 in Bangalore, Karnataka (CIN: U70102KA1937PLC001292) — Bangalore Stock Exchange
Commenced stock exchange business May 28, 1963
SEBI ordered exit from exchange business in December 2014; transitioned to property leasing
Registered address: Stock Exchange Towers, No.51, 1st Cross, JC Road, Bangalore 560027
Current business: leasing of commercial premises and co-working spaces