Upcoming IPO: Indian Gas Exchange is Preparing to Launch IPO by Dec 2026

Indian Gas Exchange (IGX) is targeting an initial public offering (IPO) by the end of December, with the issue structured entirely as an offer for sale (OFS) by existing shareholders, according to its Managing Director and Chief Executive Officer, Rajesh Kumar Mediratta.

IGX to Shred Holdings to 25%

As part of the IPO, parent company Indian Energy Exchange (IEX) will pare its stake by 22 percentage points, bringing its holding down from 47% to 25% by the close of the year. The National Stock Exchange (NSE), which currently owns 26% of IGX, will also reduce its stake by 1%. 

Other shareholders in the exchange include GAIL (India) Ltd, Oil and Natural Gas Corporation (ONGC), Indian Oil Corporation, Adani Total Gas, and Torrent Gas. Earlier this month, IGX’s board cleared the IPO proposal, although details regarding the issue size and structure have not yet been disclosed.

Expansion of product offerings

The exchange is preparing to introduce longer-tenure gas contracts, spanning one year and two years, subject to regulatory clearance. At present, IGX facilitates day-ahead contracts and five term-ahead products covering daily, weekday, weekly, fortnightly, and monthly tenures. In addition, contracts with three-month and six-month durations are also available.

However, the three-month and six-month products together accounted for less than 5 % of total traded volumes in the ongoing financial year so far. Monthly contracts dominated trading activity, contributing 59 % of total volumes during the first nine months of FY26. Overall trading volumes on the exchange surged 46 % between April and December 2025.

Looking ahead, IGX also plans to roll out a dedicated platform for booking regasified liquefied natural gas (R-LNG) capacity, as well as introduce a hydrogen index and hydrogen trading services.

Also Read: Turtlemint Fintech Set to File UDRHP in Upcoming Two Weeks

On the pricing outlook, the management projected that spot natural gas prices could soften to the range of $6–8 per million metric British thermal units (mmBtu) by 2030, driven by a significant expansion in global LNG supply. Currently, IGX enables trading across 23 delivery points, comprising six LNG terminals, three pipeline interconnection points, and 14 domestic gas field landfall locations across six regional gas hubs.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.