Indian Gas Exchange IPO

Indian Gas Exchange Ltd. was incorporated in 2019 and is India's first authorised electronic exchange for physical delivery-based natural gas trading. The company has its headquarters in Noida, Uttar Pradesh, and operates an electronic trading platform that enables the buying and selling of natural gas, facilitating transparent price discovery, efficient trade execution, and broader market accessibility across India. As of July 17, 2026, the exchange facilitates the physical delivery of natural gas through 19 delivery points across five of India's six regional gas hubs. The delivery network may expand further with the development of gas pipeline connectivity across the country. 

The company plans to collaborate with financial market participants to explore the development of derivative products linked to its gas price benchmark, GIXI. The company has developed a digital learning platform to educate market participants on gas exchange regulations and market fundamentals. As of March 31, 2026, 46 users had completed courses on the platform, with 22 certifications issued cumulatively.  

The company’s product portfolio includes:

Fixed-Price Contracts: These contracts are available across multiple tenures, including intra-day, day-ahead, daily, weekday, weekly, fortnightly, monthly, and balance-of-month, enabling participants to procure natural gas for both short-term and planned requirements.
Spot Contracts: These contracts are available in intra-day, day-ahead, and daily tenures to cater to immediate and short-term natural gas requirements. 
Forward Contracts: Available in weekday, weekly, fortnightly, monthly, and balance-of-month tenures, these contracts are designed to support medium-term gas procurement while helping participants manage price fluctuations. 
Index-Linked Contracts: These contracts have three-month and six-month tenures and are linked to domestic and international gas and energy price benchmarks, including GIXI, JKM®, WIM®, and Platts Dated Brent®.
Special Contracts: The exchange offers customised fixed-price contracts with weekly, fortnightly, and monthly tenures to meet specific market requirements. 
Small-Scale LNG (ssLNG) Contracts: To facilitate access to natural gas in areas beyond the pipeline network, the company offers spot and forward contracts for truck-delivered liquefied natural gas (LNG).