Indian Gas Exchange unlisted share price

Price history

About

Indian Gas Exchange Limited (IGX) runs an online marketplace where natural gas is bought and sold for physical delivery. The DRHP describes it as India's first and only authorised national level physical delivery based gas trading exchange. Gas producers, gas marketing companies, city gas distribution companies, power generation companies, refineries, fertilizer companies, LNG terminal operators and industrial consumers trade on it. The company earns from transaction fees, annual subscription fees and membership, processing and transfer fees. It has one operating segment. Gas is delivered at 19 delivery points across India, connected to five regional hubs: Northern, Southern, Eastern, Western and Central. In FY26 the exchange traded 76.79 Mn MMBTu across 1,924 trades, with a total trade value of ₹71,815.36 million. It had 360 registered participants at the end of FY26. On the restated financials in the DRHP, revenue from operations was ₹610.05 million in FY26, up from ₹488.01 million in FY25 and ₹348.49 million in FY24. Profit after tax was ₹420.22 million in FY26. The company has no borrowings in any of the three years. The promoter is Indian Energy Exchange Limited (IEX), a listed power exchange, which holds 35,460,000 equity shares or 47.28% before the offer. NSE Investments Limited holds 24.75%, and Oil and Natural Gas Corporation Limited and GAIL (India) Limited hold 4.92% each. The company had 75,000,000 equity shares at the DRHP date, and 706 other public shareholders. IGX filed its DRHP with SEBI on 29 July 2026 (the draft is dated July 14, 2026). The IPO is a pure offer for sale of up to 16,710,000 equity shares by IEX, so the company itself will not receive money from the issue. The lead managers are Axis Capital Limited and Motilal Oswal Investment Advisors Limited. Until it lists, shares of a company like this are dealt off-market through unlisted share dealers at indicative prices, which currently show around ₹475 with a lot size of 250 shares. These prices are not set by an exchange.