Indian Energy Exchange announced on Wednesday that the board of Indian Gas Exchange (IGX) has decided to pursue a public offering to raise capital through an Initial Public Offering (IPO).
Details concerning the size of the IPO, the timing, and the mechanisms of the offering have yet to be disclosed by Indian Energy Exchange (IEX).
A regulatory filing revealed that IGX Ltd, an associate company of IEX, obtained approval from its Board of Directors during a meeting held on December 2, 2025, to initiate the IPO process for equity shares with a face value of ₹10 each.
The forthcoming IPO will be executed as an offer for sale by select existing and eligible shareholders, contingent upon market conditions, necessary approvals, regulatory clearances, and other relevant factors.
The precise details regarding the size, timing, and structure of the offering will be determined in due course. The company assured that it would provide updates to the exchanges on any significant developments related to the IPO in accordance with regulatory requirements.
The announcement was published on December 3, 2025.
