Indian Gas Exchange IPO Details
Indian Gas Exchange Limited filed its draft red herring prospectus with SEBI on 15 Jul 2026 and Sebi Approval received on 12 Oct 2026. Price band, lot size and issue dates are announced only after SEBI observations and the RHP filing.
Last updated
- Stage
- SEBI Approved
- DRHP filed
- 15 Jul 2026
- SEBI Approval
- 12 Oct 2026
- Issue size
- —
- Board
- Mainboard
- Price band
- TBA
Indian Gas Exchange IPO status
Indian Gas Exchange Limited filed its draft red herring prospectus (DRHP) with SEBI on and SEBI Approval received on . The issue can open only after SEBI issues its observations and the company files the RHP with the price band.
| DRHP filed | 15 Jul 2026 |
|---|---|
| Days since filing | 108 |
| SEBI observation | 12 Oct 2026 |
| Price band | TBA |
| Issue dates | TBA |
Share reservation by category
| Category | Shares Details |
|---|---|
| Qualified Institutions | Not More Than 50% of the Net Issue |
| Non-Institutional | Not Less Than 15% of the Net Issue |
| Retail Investors | Not Less Than 35% of the Net Issue |
Indian Gas Exchange Limited financials
Between 31 Mar 2025 and 31 Mar 2026, Income rose from ₹69.08 Cr to ₹84.84 Cr, and profit after tax rose from ₹30.79 Cr to ₹42.02 Cr. The PAT margin for 31 Mar 2026 was 49.53%.
| Period ended | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Assets | 477.73 | 308.02 | 294.58 |
| Total Income | 84.84 | 69.08 | 54.62 |
| Profit After Tax | 42.02 | 30.79 | 23.05 |
| EBITDA | 58.61 | 46.09 | 33.92 |
| Net Worth | 179.03 | 147.71 | 116.66 |
₹ in crore, as stated in the prospectus.
Key performance indicators
| KPI | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| ROE % | 25.72 | 23.30 | 21.94 |
| ROCE % | 31.71 | 27.66 | 26.96 |
| RoNW % | 23.47 | 20.85 | 19.76 |
| Pat Margin % | 68.88 | 63.10 | 66.14 |
Peer comparison
| Company | Face value | P/E | EPS (basic) | EPS (diluted) | RoNW | NAV |
|---|---|---|---|---|---|---|
| Indian Gas Exchange Limited | 10 | — | 5.68 | 5.66 | 23.47% | 23.87 |
| Indian Energy Exchange Limited | 1 | 21.49 | 5.54 | 5.54 | 36.12% | 15.32 |
| BSE Limited | 2 | 64.51 | 60.61 | 60.61 | 37.42% | 163.59 |
| Multi Commodity Exchange of India Limited | 2 | 53.28 | 52.22 | 52.22 | 46.75% | 111.68 |
| National Stock Exchange of India Limited | 1 | — | 41.62 | 41.62 | 32.08% | 129.75 |
Notes
Details of total income, face value and EPS (Basic and Diluted) of the listed industry peers mentioned above is based on their consolidated
financial information for Fiscal 2026 available on the websites of the respective Stock Exchanges or the respective companies, except for
National Stock Exchange of India Limited, whose aforesaid information has been sourced from the restated consolidated financial Information
included in its draft red herring prospectus dated June 17, 2026.Return on net worth is calculated as profit for the year attributable to the owners divided by Net Worth attributable to the owners in accordance
with the consolidated financial information for Fiscal 2026, except for National Stock Exchange of India Limited, whose aforesaid information
has been sourced from the restated consolidated financial Information included in its draft red herring prospectus dated June 17, 2026.Net assets value per equity share is calculated as net worth attributable to the owners divided by issued, subscribed and fully paid up equity
share capital at the end of the relevant fiscal year in accordance with the Consolidated financial information for Fiscal 2026, except for
National Stock Exchange of India Limited, whose aforesaid information has been sourced from the restated consolidated financial Information
included in its draft red herring prospectus dated June 17, 2026.
From the prospectus. P/E is shown as — when earnings are zero or negative, or not reported for the issuer before listing.
Objectives
The company intends to utilize the Offer Proceeds for the following Objects.
| Sr | Objective |
|---|---|
| 1 | The Indian Gas Exchange Ltd. IPO is a 100% Offer for Sale (OFS), so the company will not receive any funding and the entire IPO proceeds will go to the selling shareholders. |
About Indian Gas Exchange Limited
Incorporated in 2019, Indian Gas Exchange Ltd. is an authorized automated physical delivery-based natural gas trading exchange. Headquartered in Noida, Uttar Pradesh, the company operates an electronic trading platform for buying and selling natural gas, enabling transparent price discovery, efficient trading, and nationwide market access. As of the 17th July 2026, physical delivery of gas traded on the exchange is facilitated through 19 delivery points across five of the six regional gas hubs in India, with further expansion expected as gas pipeline connectivity increases across the country.
The company intend to collaborate with financial market institutions to explore the development of derivative products linked to the gas price benchmark, GIXI. They have also design digital learning platform designed to build market capacity and educate market participants on gas exchange regulations and fundamentals, as of March 31, 2026, they had 46 users on the platform who had already taken classes, and they have issued a cumulative of 22 certifications.
Products:
Fixed Price Contracts: Intra-day, day-ahead, daily, weekly, weekday, fortnightly, monthly, and balance-of-month contracts for short-term and planned gas procurement.
Spot Contracts: Intra-day, day-ahead, and daily contracts designed to meet immediate and near-term natural gas requirements.
Forward Contracts: Weekday, weekly, fortnightly, monthly, and balance-of-month contracts for medium-term procurement and price risk management.
Index-Linked Contracts: Three-month and six-month contracts linked to domestic and international gas and energy benchmarks, including GIXI, JKM®, WIM®, and Platts Dated Brent®.
Special Contracts: Customized fixed-price power contracts with weekly, fortnightly, and monthly tenors to meet sector-specific requirements.
Small Scale LNG (ssLNG) Contracts: Spot and forward contracts for truck-delivered LNG, enabling gas access beyond the pipeline network.
Promoters
Indian Energy Exchange Limited
Contact details
Indian Gas Exchange Ltd
1st Floor, Unit No. 1.14(b),
Avanta Business Centre, Southern Park,
D-2, District Centre, Saket,
South Delhi, New Delhi, 110017
Tel: +91 012 0698 0100
Email: investorrelations@igxindia.com
Website: https://www.igxindia.com/
Indian Gas Exchange IPO FAQs
- Has Indian Gas Exchange IPO filed for an IPO?
- Indian Gas Exchange Limited filed its draft red herring prospectus (DRHP) with SEBI on 15 Jul 2026.
- When will the Indian Gas Exchange IPO open?
- Issue dates are announced after SEBI observations and the RHP filing. They are not available yet.
- What is the Indian Gas Exchange IPO price band?
- The price band is announced a few days before the issue opens. It is not available yet.
Details are from the draft prospectus and can change in the final RHP. This is not investment advice.