Indian Gas Exchange IPO Decision Announced
- Indian Gas Exchange board approves IPO plan to raise funds
- IEX says issue size and modalities for IGX IPO to be decided later
Indian Gas Exchange has decided to go public to raise funds through an Initial Public Offering. The announcement came on Wednesday as Indian Energy Exchange said the IGX board approved the move. The decision marks a key step for the gas trading platform as it prepares for a wider financial push. However, the company said it has not finalised the issue size, timing or modalities.
According to a regulatory filing, the Board of Directors of IGX Ltd met on December 2, 2025. It approved the start of the process for the Initial Public Offering of the equity shares of face value of Rs 10 each of IGX Ltd. The approval allows the company to begin the necessary steps. However, officials said the progress will depend on market conditions and regulatory permissions.
The company stated that the IPO will be conducted through an offer for sale by certain existing and eligible shareholders. It noted that the offer for sale will move ahead only after securing the required approvals and clearances. Therefore, the exact details of how the issue will be carried out remain open. The board also said the key considerations will be the market environment and the approvals needed.
The Indian Energy Exchange further said that the size of the issue and the opportune time for the IPO will be decided later. It added that the modalities of the issue will also be finalised in due course. Meanwhile, the company said it will update the exchanges about all material developments. It said this will be done as and when required under the rules.
The decision by the Indian Gas Exchange board has drawn attention within the energy trade sector. It signals a shift towards wider participation and capital expansion. However, the rollout will depend on how fast the required steps progress and how the market responds.
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