Mediratta also said that initially, the IPO was planned to launch in 2025. But it has now asked for a one-year delay. As a result, the IPO is expected to happen sometime before December 2026.
As per the sources, the company will file the draft papers with SEBI in the second quarter of 2026. They are aiming to raise ₹600–700 Crore IPO by December.
The Indian Energy Exchange (IEX), parent company of IGX, was holding a 47% stake in IGX is now down to 25% as per the new regulations.
Indian Gas Exchange (IGX) is India’s leading trading platform for natural gas. It is a marketplace where buyers and sellers trade natural gas.
Last month, Indian Energy Exchange (IEX) also informed that the board has approved Indian Gas Exchange (IGX) to begin the IPO process for shares with a face value of ₹10. IEX also announced that the IPO will be an Offer-for-Sale, meaning existing shareholders will sell their shares.
IGX recorded 62% growth in trading volumes last year, with about 5.4 million cubic metres of gas traded daily, said Mediratta.
Right now, this is only around 2.75% of India’s total gas use. IGX aims to grow its share to 5% by 2029 and 7% by 2030.
Right now, the exchange offers gas contracts ranging from same-day (intraday) to 6 months. Mediratta said it plans to introduce 1-year and 2-year delivery contracts this year.
IGX is waiting for regulatory approval to start the 1-year and 2-year gas contracts in 2026. It is also planning to expand its offerings by selling petroleum products like fuel oil, naphtha, ATF, and bitumen, and launch a hydrogen index.
