Indian Gas Exchange greenlights IPO process

The board of directors of Indian Gas Exchange Limited (IGX Limited), an associate company of Indian Energy Exchange Limited, approved the initiation of its initial public offering (IPO) process on December 2, 2025. This move involves the public issuance of equity shares, each with a face value of Rs. 10. The IPO will primarily be structured as an offer for sale, allowing existing and eligible shareholders to sell their shares.

This decision is contingent on several factors, including favorable market conditions, receipt of all necessary approvals, and regulatory clearances. The precise size of the issue, the timing for its launch, and the detailed modalities will be determined at a later date. Indian Energy Exchange Limited (IEX) will ensure that all material developments related to the IPO are communicated to the exchanges in a timely manner, in accordance with applicable regulations.

Further information regarding this development will also be made available on the company's website, www.iexindia.com. This intimation was made under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.