Indian Gas Exchange (IGX) is preparing to launch an IPO worth approximately ₹600–700 crore by December 2026. The issue will be a complete Offer for Sale (OFS), allowing parent company IEX to reduce its stake to comply with regulatory requirements. [1, 2]
Key IPO & Company Details
- Expected Launch: December 2026.
- Issue Type: 100% Offer for Sale (OFS) with a dilution of roughly 22% equity.
- Valuation: The exchange is currently targeting a pre-IPO market valuation of ₹2,200 to ₹3,000 crore.
- Reason for OFS: Major institutional promoters, primarily Indian Energy Exchange (IEX) and the National Stock Exchange (NSE), are reducing their stakes to meet regulatory mandates limiting single-entity shareholdings in gas exchanges. [1, 2, 3]
Unlisted Share Availability
For investors looking to invest ahead of the official listing, IGX shares are trading in the pre-IPO unlisted market at prices around ₹415 per share (as of mid-2026), with minimum investment ticket sizes ranging from ₹35,000 to ₹50,000. [1]
- Parent Company: Promoted by the Indian Energy Exchange (IEX).
- Current Shareholding: IEX holds about 47%, and NSE owns 26%, with major energy firms like GAIL, ONGC, and Indian Oil holding the rest. [1, 2, 3]