Indian Gas Exchange Files DRHP With SEBI; IEX to Divest Stake Through IPO
Indian Gas Exchange Limited (IGX), India's first authorised gas exchange, has filed its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) for its proposed Initial Public Offering (IPO).
According to the DRHP, the proposed IPO consists entirely of an Offer for Sale (OFS) of up to 1.67 crore equity shares with a face value of ₹10 each. As there is no fresh issue component, IGX will not receive any funds from the offering.
The entire OFS is being undertaken by its promoter, Indian Energy Exchange (IEX), which plans to reduce its stake in the company from 47.3% to 25% following the public issue, in accordance with applicable regulatory requirements.
Indian Gas Exchange (IGX) IPO - Issue Details
- Issue Type: Book-Built Issue (Offer for Sale)
- Total Issue Size: Up to 1.67 crore equity shares
- Fresh Issue: Not Applicable
- Offer for Sale (OFS): Up to 1.67 crore equity shares
- Face Value: ₹10 per equity share
- Price Band: Yet to be announced
- Lot Size: Yet to be announced
- Listing: BSE, NSE
- Book Building Lead Managers: Axis Capital Limited and Motilal Oswal Investment Advisors Limited
- Registrar: KFin Technologies Limited
Explore other Upcoming IPOs on BSE and NSE.
About Indian Gas Exchange Limited
Incorporated in 2019, Indian Gas Exchange Limited (IGX) is India's first and only authorised national-level physical delivery-based gas trading exchange. A subsidiary of Indian Energy Exchange Limited (IEX), the company operates a fully automated electronic platform that enables trading of natural gas through standardised physical delivery contracts across multiple hubs connected to India's national gas pipeline network network.
IGX offers a range of spot and forward contracts and serves participants across the natural gas value chain, including gas producers, city gas distribution companies, power generators, refineries, LNG terminal operators, and industrial consumers. Through its technology-driven marketplace, the exchange facilitates transparent price discovery and efficient natural gas trading in India.
Key Financial Information
|
Particulars |
FY26 (in ₹ Cr.) |
FY25 (in ₹ Cr.) |
FY24 (in ₹ Cr.) |
|
Revenue from Operations |
61.05 |
48.80 |
34.85 |
|
Profit After Tax (PAT) |
42.02 |
30.79 |
23.05 |
|
EBITDA |
58.61 |
46.09 |
33.92 |
What Lies Ahead for the Indian Gas Exchange (IGX) IPO
Following the DRHP filing, SEBI will examine the draft offer document and may seek additional information or clarifications before issuing its observations. Once the company receives regulatory approval, Indian Gas Exchange will file its Red Herring Prospectus (RHP), disclose the IPO price band and other issue-related details, and open the public issue for subscription.
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