IGX files IPO papers with SEBI
Analysis based on 8 articles · First reported Jul 15, 2026 · Last updated Jul 15, 2026
The IPO filing signals IGX's growth and regulatory compliance, potentially boosting investor confidence in the natural gas trading sector. IEX's stake reduction may free up capital, while IGX's listing could enhance liquidity and visibility.
Indian Gas Exchange (IGX) has filed its draft red herring prospectus (DRHP) with the India — Securities and Exchange Board of India (SEBI) for an initial public offering. The IPO is entirely an offer for sale by parent Indian Energy Exchange (IEX), which plans to divest up to 1.67 crore shares to reduce its stake from 47.3% to 25%, complying with regulatory ownership limits. IGX will not receive any proceeds. The company aims to list on BSE, with Axis Capital Holdings and Motilal Oswal Investment Advisors as lead managers. IGX also plans to introduce longer-duration gas contracts, an R-LNG booking platform, a hydrogen index, and a hydrogen trading platform. For FY26, IGX reported a 36.5% rise in net profit to Rs 42.02 crore and 25% revenue growth to Rs 61 crore. The IPO is expected before December 2026.
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