Indian Gas Exchange board decides to go public for raising funds

Indian Gas Exchange (IGX), an IEX associate, plans to go public via an IPO through an offer for sale by existing shareholders; details on size and timing are yet to be announced

New Delhi: Indian Energy Exchange on Wednesday said the board of Indian Gas Exchange (IGX) has decided to go public to raise funds through an Initial Public Offering. However the Indian Energy Exchange (IEX) did not divulge details about the size of the issue, opportune time and the modalities of the issue.

According to a regulatory filing, the Board of Directors of IGX Ltd, an associate company of IEX, at its meeting held on December 2, 2025, has approved to start the process of Initial Public Offering (IPO) of the equity shares of face value of Rs 10 each of IGX Ltd.

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The IPO will be conducted through an offer for sale by certain existing and eligible shareholders, subject to market conditions, applicable approvals, regulatory clearances and other considerations, it stated.

The size of the issue, opportune time and modalities of the issue will be decided in due course, it said.

The company will update the exchanges of all material developments regarding the same, as and when required, as per applicable regulations, it added.