Subsidiary15 Jul 2026, 11:44 am
Indian Gas Exchange files DRHP for IPO; IEX to sell 16.71 Mn shares
AI Summary
Indian Energy Exchange Limited (IEX) announced that its associate company, Indian Gas Exchange Limited (IGX), has filed a draft red herring prospectus (DRHP) with SEBI and BSE on July 14, 2026. This filing is in connection with IGX's proposed initial public offer (IPO). The offer includes an offer for sale of up to 16,710,000 equity shares by IEX. The IPO remains subject to regulatory approvals, market conditions, and other considerations. This move signifies a significant step towards IGX's public listing and potential unlocking of value for IEX.
Key Highlights
- IGX, an associate of IEX, files DRHP for its IPO.
- IEX plans to sell up to 16,710,000 equity shares.
- The IPO is subject to approvals and market conditions.
- This is a step towards IGX's public listing.
Price Impact
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