Upcoming IPO: Indian Gas Exchange files DRHP with SEBI for IPO

Indian Gas Exchange (IGX) has filed its DRHP with SEBI for a proposed IPO, targeting a public issue launch before December 2026. The IPO will be entirely an offer for sale of up to 1.67 crore shares by parent Indian Energy Exchange (IEX), which currently holds 47.3 percent in IGX and plans to reduce its stake to 25 percent to comply with regulatory caps on non-member ownership in a gas exchange. Axis Capital and Motilal Oswal Investment Advisors are the book-running lead managers, and the shares are proposed for listing on the BSE.