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UNLISTED COMPANY PROFILE

INDIAN GAS EXCHANGE LIMITED

FINANCIALS LINE
INDICATIVE PRICE / SHARE
₹438
▲ +10.1% · 30-DAY
OTC REFERENCE PRICE · NOT AN OFFER TO DEAL
PRICE AS OF 02 SEPT 2026
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INDICATIVE PRICE HISTORY · DATED OBSERVATIONS SINCE 2026

PRICE HISTORY.

Use the left and right arrow keys to inspect dated observations. Home selects the first observation and End selects the latest.

₹460
₹398
02 Apr 2610 Aug 2602 Sept 26

ALL-TIME LOW
₹398
ALL-TIME HIGH
₹460
WINDOW
ALL
NOT A STOCK-EXCHANGE QUOTE · NOT AN OFFER TO DEAL
THE TIMETABLE · KEY NUMBERS

Key numbers

Published fundamentals and the date each figure was recorded.

CALCULATION METHOD →
Market cap
₹3,068 Cr
Latest available company data
Min. investment
₹10,950
Indicative price × lot size
Lot size
25
P/E ratio
105.04
P/B ratio
20.53
EPS
4.17
ROE
20.98%
Book value
₹21.33
Face value
₹10
ISIN
INE0BI301012
Company security identifier

About this company

Indian Gas Exchange Limited (IGX) operates India's first and only automated, screen-based trading platform dedicated to the physical delivery of natural gas. Authorised by the Petroleum and Natural Gas Regulatory Board (PNGRB), the exchange brings buyers and sellers of natural gas together on a neutral marketplace, enabling transparent price discovery, standardised contracts and flexible delivery at multiple physical hubs across the country. Its product suite spans spot and forward contracts of varying tenures, allowing industrial consumers, city gas distributors, traders and producers to source gas without relying solely on long-term bilateral arrangements. Incorporated in 2019 and headquartered in New Delhi, IGX began as a wholly owned subsidiary of the listed Indian Energy Exchange (IEX), which remains its largest shareholder. Over time its cap table has broadened to include a mix of strategic energy and market-infrastructure participants, with reported stakes held by entities connected to the National Stock Exchange ecosystem alongside gas-sector majors such as GAIL, ONGC, Indian Oil, Adani Total Gas and Torrent Gas. This blend of exchange expertise and energy-industry backing underpins the company's positioning as core market infrastructure for India's evolving gas economy. IGX occupies a distinctive niche: as the country pushes to raise the share of natural gas in its energy mix, a liquid, regulated marketplace for gas trading is seen as an enabling layer for that transition. The company operates an asset-light, technology-led model, reporting modest revenue relative to its market valuation and historically low leverage, characteristics common to exchange businesses. In the unlisted market, IGX attracts attention for several reasons. It is a regulated, single-licence operator in a structurally growing segment, it carries the lineage of an established listed exchange parent, and its board has approved steps toward a public listing, with an IPO indicated for around December 2026 partly driven by regulatory shareholding requirements on its promoter. These factors make it a closely watched name among participants who track pre-listing companies. The figures cited here are indicative market data points and not a valuation or recommendation.

COMPANY AT A GLANCE
Sector lineFinancials
SettlementNSDL / CDSL
Incorporated2019
Listing statusUnlisted / Pre-IPO
*INDICATIVE · TIMELINE MAY CHANGE · NOTHING FINAL UNTIL THE RHP

COMPANY REGISTRY · ON FILE

PUBLIC OR ADMIN-SUPPLIED DATA · VERIFY INDEPENDENTLY
CIN
U74999DL2019PLC357145
PAN
AAFCI4600J
Incorporated
2019
Outstanding shares
73,933,050 equity shares (approx 7.39 crore)
Registered office
1st Floor, Unit No. 1.14(b), Avanta Business Centre, Southern Park, D-2, District Centre, Saket, New Delhi, South Delhi 110017, Delhi, India
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THE LOGBOOK · FINANCIALS BY YEAR

WHAT THE ENGINE HAS DONE.

AMOUNT UNIT NOT VERIFIEDFY22FY24FY25FY26
REVENUE1,1003,4854,8806,100
PAT2,3053,0954,200
EPS (₹)34
PAT MARGIN66%63%69%
CAUTION · AMOUNT UNIT AND FIELD-LEVEL SOURCES HAVE NOT BEEN VERIFIED · DO NOT RELY ON THESE FIGURES WITHOUT CHECKING THE COMPANY FILING

THE CREW · BOARD & MANAGEMENT

Rajesh Kumar Mediratta
Managing Director & CEO
Prof. R. Vaidyanathan
Chairman & Independent Director
Deepak Mehta
Chief Business Officer
Deepak Sonthaliya
Chief Financial Officer
Gautam Dalmia
Director
Neeraj Chandra
Director
Bharathi Sivaswami Sihag
Director
COMPANY TIMELINE · EVENTS
FY26 results: record gas volume of 76.8 million MMBtu, up 28% YoY; PAT ₹41.9 cr, up 35% (Apr 2026)

IGX reported its highest-ever traded volume of 76.8 million MMBtu in FY26, a 28% year-on-year increase, with 1,924 trades executed. Profit after tax rose 35% to ₹41.9 crore from ₹30.9 crore in FY25, with about 47% of volumes being free-market gas and 53% domestic HPHT gas at ceiling price.

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NSE sells ~1% stake in IGX to comply with PNGRB norm, cutting holding to 25% (Apr 2026)

The National Stock Exchange offloaded about 1% of Indian Gas Exchange to align with Petroleum and Natural Gas Regulatory Board norms that cap any single entity at 25% shareholding, bringing NSE's stake down to 25%. NSE had originally acquired a 26% stake in IGX as a co-promoter in March 2021.

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IGX targets IPO by December 2026; DRHP filing planned, IEX to dilute stake to 25% (Jan 2026)

MD and CEO Rajesh Kumar Mediratta said on 7 January 2026 that IGX plans to launch its IPO by December 2026, with a draft red herring prospectus to be filed with SEBI. Promoter Indian Energy Exchange is required to reduce its stake from 47% to 25%, with a roughly 22% offer-for-sale; brokerages had valued IGX at ₹2,200-3,000 crore.

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IGX sets goal to roughly quadruple gas trading volumes by 2030 (Jan 2026)

IGX outlined a target to expand gas trading volumes nearly fourfold by 2030 and to capture around 7% of India's natural gas consumption, up from about 2.8%, citing expanding city gas distribution networks. The exchange also said it is awaiting PNGRB clearance to launch longer 3-6 month gas contracts.

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IGX signs MoU with Austria's Central European Gas Hub (CEGH) on gas and green-gas markets (Jan 2025)

IGX and Central European Gas Hub AG signed a Memorandum of Understanding to collaborate on developing natural gas and renewable gas markets, including hydrogen, biomethane and e-methane, and related commodity certificates. The partnership covers sharing market expertise and supporting gas hub operations and trading platforms in India.

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THE GLOVEBOX · ANNUAL REPORTS
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NON-BINDING · NO PAYMENT · NOT AN OFFER TO DEAL
RESEARCH DESK · QUESTIONS

COMMON QUESTIONS.

Is Indian Gas Exchange Limited listed on the stock exchange?+

No. As of 2 September 2026, Indian Gas Exchange Limited is an unlisted company whose shares trade over-the-counter; it would list only if and when it completes an IPO.

What is the Indian Gas Exchange Limited unlisted share price?+

As of 2 September 2026, the indicative unlisted share price of Indian Gas Exchange Limited is ₹438 per share. This is an over-the-counter reference price, not a stock-exchange quote.

What indicative minimum amount is displayed for Indian Gas Exchange Limited unlisted shares?+

The displayed unit count is 25 share(s); at the indicative price of about ₹438, the displayed amount is approximately ₹10,950. This is a display convention, not evidence of inventory, an order minimum or a quote.

What is the ISIN of Indian Gas Exchange Limited?+

The recorded ISIN of Indian Gas Exchange Limited is INE0BI301012. An ISIN is a 12-character security identifier. Verify it against the issuer and the relevant depository record before using it for any transfer or documentation.

Is trading in Indian Gas Exchange Limited unlisted shares legal in India?+

Unlisted shares can be transferred off-market in India, but the legal, tax and compliance position depends on the security, parties, documents and current rules. Verify the intermediary, issuer restrictions and applicable requirements before proceeding.

Is there a lock-in period for unlisted shares?+

A post-listing lock-in may apply under the rules in force at the time. The period and any exemptions can depend on the holder and acquisition, so check the current regulation and the issuer's offer documents rather than relying on a generic period.

Do you guarantee returns?+

No. Unlisted shares carry higher risk and lower liquidity than listed shares. Returns depend on company performance, market conditions and future listing outcomes. This is information only, not investment advice.

SIMILAR COMPANY PROFILES
FINANCIALS LINE.
Prices shown are indicative over-the-counter reference prices, not an offer to deal. This page is information only and not investment advice. Unlisted shares carry higher risk and lower liquidity than listed shares. Settlement to your own demat account via NSDL / CDSL through registered intermediaries.
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