IEX's Gas Exchange Arm IGX Board Approves Process for IPO

Indian Gas Exchange Limited (IGX Limited), an associate company of Indian Energy Exchange Limited (IEX), has taken a significant step towards going public.  

The board of directors has approved the initiation of the Initial Public Offering (IPO) process for its equity shares. 

Details of the IPO Approval of Indian Gas Exchange  

On December 2, 2025, IGX Limited's board of directors gave the green light to start the IPO process. The equity shares, each with a face value of ₹10, will be offered for sale by certain existing and eligible shareholders. This move is contingent upon market conditions, necessary approvals, and regulatory clearances. 

The exact size, timing, and other modalities of the IPO will be determined in due course. The company aims to keep stakeholders informed about all material developments as per regulatory requirements. 

Strategic Move by Indian Energy Exchange 

As an associate company of Indian Energy Exchange Limited, IGX Limited's decision to go public is a strategic move. It reflects the company's growth ambitions and its readiness to tap into the capital markets for expansion and development. 

Read More: IEX Share Price in Focus as APTEL Sets Next Hearing for January 6, 2026, in Market Coupling Case! 

Indian Energy Exchange Share Price Performance 

As of December 3, 2025, at 9:48 AM, Indian Energy Exchange share price on NSE was ₹147.51 down by 0.69% from the previous closing price. 

Conclusion 

The approval of the IPO process by IGX Limited marks a significant milestone in its journey towards becoming a publicly traded company. This move is expected to enhance its market position and provide it with the necessary capital to pursue growth opportunities. 

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