Indian Gas Exchange board decides to go public for raising funds

New Delhi: Indian Energy Exchange on Wednesday said the board of Indian Gas Exchange (IGX) has decided to go public to raise funds through an Initial Public Offering.

However the Indian Energy Exchange (IEX) did not divulge details about the size of the issue, opportune time and the modalities of the issue.

PSU Watch is now on Whatsapp Channels. Click here to join

According to a regulatory filing, the Board of Directors of IGX Ltd, an associate company of IEX, at its meeting held on December 2, 2025, has approved to start the process of Initial Public Offering (IPO) of the equity shares of face value of Rs 10 each of IGX Ltd.

The IPO will be conducted through an offer for sale by certain existing and eligible shareholders, subject to market conditions, applicable approvals, regulatory clearances and other considerations, it stated.

The size of the issue, opportune time and modalities of the issue will be decided in due course, it said.

The company will update the exchanges of all material developments regarding the same, as and when required, as per applicable regulations, it added.

(PSU Watch– India's Business News centre that places the spotlight on PSUs, Bureaucracy, Defence and Public Policy is now on Google News. Click here to follow. Also, join PSU Watch Channel in your Telegram. You may also follow us on Twitter here and stay updated.)