Indian Gas Exchange Ltd. IPO Details
Indian Gas Exchange was incorporated on November 6, 2019. The company is India's first and only authorized national-level physical delivery-based gas trading exchange, offering a transparent and technology-driven marketplace for natural gas trading. It operates in accordance with the Petroleum and Natural Gas Regulatory Board's Gas Exchange Regulations
| Bidding Dates |
|---|
| To Be Announced |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| - | - | - | - | 16.7 M | - | - | ₹0.0 M | DRHP DOC |
Indian Gas Exchange issue details
Indian Gas Exchange has 16.7 M shares on offer
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 35% | 15% | 50% |
Indian Gas Exchange IMPORTANT IPO DATES
| Issue Open Date | - |
| Issue close Date | - |
| Allotment Date | - |
| Refund Date | - |
| Demat Account Credit Date | - |
| Listing Date | - |
| Listing on Exchange(s) | BSE |
Indian Gas Exchange NUMBER OF SHARES ON OFFER
Indian Gas Exchange FINANCIALS
| Period | Revenue from Operations (Rs in crore) | Net Profit (Rs in crore) | Cash Flow from Operations (Rs in crore) | Free Cash Flow (Rs in crore) | Margins |
| FY26 | 61.0 | 42.0 | 156.7 | 156.0 | 96.1% |
| FY25 | 48.8 | 30.8 | 3.3 | 2.6 | 94.4% |
| FY24 | 34.8 | 23.1 | -189.8 | -191.9 | 97.3% |
Indian Gas Exchange INFORMATION ON IPO ISSUE
About Indian Gas Exchange
Indian Gas Exchange was incorporated on November 6, 2019. The company is India's first and only authorized national-level physical delivery-based gas trading exchange, offering a transparent and technology-driven marketplace for natural gas trading. It operates in accordance with the Petroleum and Natural Gas Regulatory Board's Gas Exchange Regulations
Object of the Issue
- To carry out the offer for sale of up to 16,710,000 equity shares of face value of Rs 10 each by the promoter selling shareholder
- To achieve the benefits of listing the equity shares on the stock exchange
Indian Gas Exchange - PROMOTERS
| Name |
|---|
| Indian Energy Exchange Limited |
Indian Gas Exchange - MANAGEMENT & LEADERSHIP
| Name | Designation |
|---|---|
| Ramamurthy Vaidyanathan | Chairman & Independent Director |
| Rajesh Kumar Mediratta | Managing Director & Chief Executive Officer |
| Dinesh Kumar Sarraf | Independent Director |
| Bharathi Sivaswami Sihag | Independent Director |
| Neeraj Chandra | Independent Director |
| Satyanarayan Goel | Non-Executive Director |
| Gautam Dalmia | Non-Executive Director |
| Ian Desouza | Non-Executive Director |
Indian Gas Exchange Book Running Lead Manager
Axis Capital Limited
igx.ipo@axiscap.in
Motilal Oswal Investment Advisors Limited
igel.ipo@motilaloswal.com
Indian Gas Exchange Registrar to the Offer
KFIN Technologies Limited
indiangas.ipo@kfintech.com
Indian Gas Exchange Strengths
India’s first
The company is India's first and only authorized national-level physical delivery-based natural gas exchange, offering a transparent and technology-driven trading platform. Since commencing operations in 2020, it has achieved strong growth, with cumulative trading volumes exceeding 240.84 million MMBtu by March 31, 2026
Diversified product portfolio
The company operates a scalable, technology-driven gas exchange offering standardized spot and forward contracts that support growing trading activity and market liquidity. Its diversified revenue model, comprising transaction fees, membership and subscription income, treasury earnings, and upcoming derivatives trading, provides multiple sources of sustainable revenue growth
Scalable gas exchange platform
The company operates a scalable, technology-driven gas exchange offering a diversified portfolio of standardized spot and forward contracts. Its growing trading volumes and increasing adoption of spot contracts reflect rising market liquidity, participant confidence, and demand for transparent, exchange-based natural gas trading
Indian Gas Exchange Risks
Compliance risks
The company's operations depend on effective compliance and risk management systems to meet regulatory requirements and safeguard exchange operations. Any failure to identify, monitor, or manage risks effectively could adversely affect its reputation, financial performance, and regulatory compliance
Cybersecurity risks
The company relies on open-source software, exposing it to legal, security, and operational risks, including licensing disputes and cybersecurity vulnerabilities. Any issues related to open-source software could increase costs, disrupt operations, delay innovation, and adversely affect its business and financial performance
Operational risks
The company is subject to anti-corruption, anti-bribery, and anti-money laundering regulations, requiring strict compliance across its operations and third-party relationships. Any violation or regulatory investigation could result in penalties, legal action, reputational damage, and adversely affect its business and financial performance
IPO FAQs
The promoter of the company is Indian Energy Exchange Limited.
The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.