The primary objective of the IPO is to achieve benefits of listing its equity shares on stock exchanges, which it anticipates will enhance visibility, strengthen brand image and provide a public market for its shares
| Photo Credit:
hanibaram

The Indian Gas Exchange (IGX) has filed preliminary papers with markets regulator the Securities and Exchange Board of India (SEBI) to launch an initial public offering (IPO).

In a BSE filing on Wednesday, Indian Energy Exchange (IEX) said that IGX, an associate company of IEX, has filed a draft red herring prospectus with the SEBI and BSE on July 14, in connection with the proposed IPO of equity shares of IGX.

“The Offer comprises an offer for sale (OFS) of up to 16,710,000 equity shares by IEX, and remains subject to receipt of applicable approvals, market conditions, and other relevant considerations,” it added.

IEX currently holds a 47.3 per cent stake in IGX. The offer for sale (OFS) will reduce its stake to 25 per cent. As the issue is entirely an OFS, it will not receive any proceeds from the IPO with the proceeds going to the selling shareholder, IEX.

The primary objective of the IPO is to achieve benefits of listing its equity shares on stock exchanges, which it anticipates will enhance visibility, strengthen brand image and provide a public market for its shares.

IGX is India’s first online platform for trading in natural gas. During Q1 FY27, IGX traded gas volume of 27.48 million mBtu (692.70 MSCM), representing an increase of 47.94 per cent quarter-on-quarter and 11.91 per cent on year-on-year basis.

Trading platform

The platform provides a marketplace to trade in spot and forward gas contracts at designated delivery points across five regional hubs. It currently offers trades at 19 delivery points including 6 LNG terminals, 9 domestic gas field landfall points and 4 pipeline interconnections.

IGX offers delivery-based trading in ten standardised natural gas contracts — Intraday, Day-Ahead, Daily, Weekday, Weekly, Fortnightly and Monthly (up to 12 months), Balance of Month and two Long Duration Contracts-3 Months and 6 Months.

IGX facilitates price discovery reflective of Indian natural gas supply and demand, showcased by its benchmark price index, GIXI. The Exchange operates under the regulatory framework of the Petroleum and Natural Gas Regulatory Board (PNGRB).

Published on July 15, 2026