Indian Gas Exchange Limited (IGX) Unlisted Shares

Indian Gas Exchange Limited (IGX) Unlisted Shares

₹535.500.00%
As on 15th Nov 2026 · market open
Industry: commodity exchangeSector: energy & natural gasDepository: NSDL
DRHP Filed: Yes

Indicative price history

▲ ₹10.50(+2.00%)over 1 W

Indicative levels compiled by our team for information only — not a price feed, quote, or offer to deal.

52W Low ₹409.501Y Return +25.9%52W High ₹535.50
Key Indicators
Current Share Price
₹535.50
Unlisted market
Face Value / Share
₹10.00
Latest
Book Value / Share
₹23.90
Latest
Price to Earning (PE)
80.70
TTM basis
Price / Sales
40.40
TTM revenue
Price / Book
19.10
Book value basis
Outstanding Shares
7.50 Cr
Latest
Market Cap
₹3,428.00 Cr
At current price
Debt / Equity
1.10
Latest
Dividend / Share
-
Declared
Dividend %
-
Yield
Return on Total Assets
10%
RoA
Return on Equity
21%
RoE
Working Capital Return
15%
RoWC

About Indian Gas Exchange Limited (IGX)

IGX, Indian Gax Exchange Limited, was established in November 2019. They commenced their operations in June 2020. They were later supported by the Petroleum and Natural Gas Regulatory Board(PNGRB) in December 2020 in their operations as the country’s first national-level natural gas exchange with physical delivery. IGX is technology-enabled and is a marketplace where buyers and sellers can trade natural gas with transparent price discovery.

IGX provides spot and forward trading at defined physical delivery points. Their participants include:

Gas produces

LNG importers

City Gas Distribution Companies

Power Generators

Industries

IGX differs from a typical financial derivatives exchange as it settles its contracts via physical delivery methods. The majority of its revenue is from transaction and membership fees. Their exchange is also the publisher of GIXI, or Gas Index of India, which is the benchmark for Indian domestic gas market prices.

With a total income of Rs. 69.08 crore and a PAT of Rs. 30.95 crore in FY 2024-2025, IGX is a stably profitable company. Their revenue from operations was about Rs. 48.80 crore, with their volumes hitting an all-time high, increasing by about 47% during the year. The traded volume increased even further in FY 2025-2026, with revenue around Rs. 79 crore and profit after tax of Rs. 41.87 crore, indicating steady growth and profitability.

Indian Energy Exchange Limited (IEX) was IGX’s original promoter and holds over a 45% stake as per FY 2025-26.

Other strategic investors include:

NSE Investments Limited

GAIL (India) Limited

Oil and Natural Gas Corporation (ONGC)

Indian Oil Corporation

Adani Total Gas

Torrent Gas

Higher adoption of market-based gas pricing, expansion of India’s natural gas infrastructure and growing industrial demand could support growth. However, prices for imports can be influenced by

Gas

Geopolitical shocks

Pipeline constraints

Regulatory change

Competition

SectorCommodity exchange · Energy & natural gas
ISININE0BI301012
Face Value₹10
DepositoryNSDL
RTAkfin technologies
HQ1st Floor, Unit No.1.14(b), Avanta Business Centre Southern Park, D-2, District Centre, Sak, et, New Delhi, South Delhi, Delhi - 110017

Financial Performance

Consolidated figures in ₹ Crore, from annual reports and public filings.

IndicatorsFY26FY25FY24
Revenue84.869.154.6
Expense26.422.820.7
EBITDA58.546.233.9
Other Cost2.85.83.2
PBT55.740.530.7
Tax Expense13.89.57.7
PAT41.930.923.1
Other Inc./Exp.0.10.00.1
Net Income41.931.023.1
Shares O/S7.507.507.50
EPS (₹)5.664.193.12
Rev. Growth %22.7%26.6%—
EBITDA Mgn %69.0%66.9%62.1%
Net Mgn %49.4%44.9%42.3%
EPS Growth35.1%34.3%—

Financials are as published on stockify.net.in and compiled from public filings. Refer to the audited annual report for exact figures.

Corporate Profile

Registered details, management and downloadable documents.

ISININE0BI301012
PANAAFCI4600J
Address1st Floor, Unit No.1.14(b), Avanta Business Centre Southern Park, D-2, District Centre, Sak, et, New Delhi, South Delhi, Delhi - 110017
RTAkfin technologies

Frequently Asked Questions

How to buy Indian Gas Exchange Limited unlisted shares?+

You can easily buy Indian Gas Exchange (IGX) unlisted shares with Stockify. Just follow these steps.

  1. Send your Client Master List (CML) to us through WhatsApp or email to admin@stockifyfintech.com

  2. Once your transaction is final, the invoice will be sent to your registered e-mail address.

  3. Pay the agreed amount to the Stockify bank account mentioned in the invoice.

  4. You can pay through RTGS, NEFT, IMPS, or a cheque transfer.

  5. On payment confirmation, your shares will be transferred to your demat account within 24 hours.

How to sell Indian Gas Exchange Limited unlisted shares?+

You can easily sell Indian Gas Exchange (IGX) Unlisted Shares through Stockify. Here’s how:

  1. Stockify will send you the Demat Client Master List (CML) by email.

  1. Share your KYC details, including CML, PAN, and a cancelled cheque.

  1. Have your shares transferred to Stockify's demat account.

  2. We will transfer money to your bank account.

Place your sell order here, and our team will contact you within 30 minutes.

What is the lock-in period of Indian Gas Exchange Limited unlisted shares?+

Indian Gas Exchange (IGX) Unlisted shares lock-in period changes by investor category. As per SEBI rules, you can sell you pre ipo shareholding for 6 months from ipo listing date. But there are some exceptions to this. With categories like venture capital funds, FVCIs, and Category II AIFs getting some exemptions. Investors should research independently before trading in unlisted shares.

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

It is completely legal to buy Indian Gas Exchange (IGX) unlisted shares in India through different online platforms, wealth managers, or brokers. They help with over-the-counter (OTC) transactions. Just make sure that you follow all the relevant laws and regulations by SEBI, the Securities Contracts Regulation Act, and the Companies Act, 2013.

Note: Check the Client Master List, share ownership and transfer documents, and then deal with a trusted broker. If you want to buy IGX unlisted shares, get in touch with our team at +91-8042453560.

How are short-term and long-term capital gains taxed on Indian Gas Exchange Limited unlisted shares?+

Capital gains on Indian Gas Exchange Unlisted shares will be taxed differently for short-term and long-term gains. 

  • For unlisted shares sold within 24 months of holding them, they will come under short-term capital gains (STCG) and be taxed as normal income.

  • For unlisted shares sold after 24 months of holding them, the gains will be long-term capital gains and taxed at 12.5% without any indexation benefit.

Some important points to note:

  • You can offset a short-term loss against both short-term and long-term capital gains, and any loss that remains after that can be carried forward for 8 years, provided that you file your income tax return on time.

  •  A long-term capital loss can be set off only against long-term gains, and any remaining loss can be carried forward for 8 years. This benefit is available as long as you file your return on time.

  • The taxation rate for long-term capital gains (LTCG) was cut from 20% with indexation to 12.5% without indexation, effective 23 July 2024. This continues unchanged into FY 2026-27.

  • LTCG from unlisted shares is fully taxable. The Rs.1.25 lakh exemption limit applies only to listed shares.

No recent change: The 2026 budget had no changes in rates or holding periods for unlisted shares. If you want to know how taxation applies to your unlisted share investment, contact our experts at Stockify with this number +91-8042453560.

What are the risks of investing in Indian Gas Exchange Limited unlisted shares?+

Unlisted shares like Indian Gas Exchange carry the following risks you should understand before investing:

  1. Market Liquidity
    Unlike listed shares, unlisted shares are not traded actively. Selling your share to a buyer at market price may take time, increasing the risk of your investment getting stuck, or you will be compelled to sell at a lower price.

  2. Price Fluctuations
    Unlike listed shares, unlisted shares may not be available every time. This limited availability sometimes creates heavy fluctuations in the market value of unlisted shares.

  1. Regulatory risk
    Unlisted shares are traded privately. They don't need to follow any rules and regulations of stock exchanges like BSE or NSE. This can create a risk of fraud, failed delivery, and even payment defaults. There is no formal grievance redressal or dispute resolution in the unlisted market.

  2. Limited Information
    Public companies have strict information and disclosure requirements. But there is no such need for unlisted shares. They don't need to disclose quarterly financial statements. operational changes, or shareholding patterns, which are usually done by publicly listed companies. This reduces diligence and trust in investors' research, increasing the risk before making investment decisions.

Make sure to carry out your independent research or consult a SEBI-registered financial advisor before investing in unlisted shares.

Is Indian Gas Exchange Limited going for an IPO?+

IGX is planning for an IPO soon. The exchange has filed the DRHP and received approval from SEBI on 12th October 2026. This approval is valid for the next 12 months.

  • Type of issue: 100% Offer for sale (OFS) for 1.67 crore shares sold by IEX.

  • Price band & lot size: Not yet announced.

  • Registrar: KFin Technologies.

How is DIS (Delivery Instruction Slip) used to sell Indian Gas Exchange Limited unlisted shares?+

A Delivery Instruction Slip (DIS) is used by the Demat holder to inform the broker or bank to transfer a security from their account. 

Here is how DIS is used:

  1. Enter the ISIN, number of shares, and the details of Stockify's demat account in the DIS. We will send you our details in an email.

  2. Sign the slip and hand it to your Depository Participant (DP). If your DP offers an option to transfer funds online, you can follow the same instructions online.

  3. Once the shares have been credited to your Stockify demat account, we will transfer the sale proceeds to your bank account.

Important: Make sure you only use the demat account details provided by our team to prevent any delays.

How does Indian Gas Exchange Limited earn revenue?+

In this process, IGX charges transaction fees on each gas trade. The exchange also charges settlement and clearing charges. For entering the exchange, IGX charges Membership and annual fees from market participants. These are the main sources of earning revenue for the exchange.

Read more here: IGX Key Markets, Customer & Fee Structure Analysis

Who are the shareholders of Indian Gas Exchange Limited?+

IGX has two major shareholders, namely:- 

  1. Indian Energy Exchange (IEX) with 47.90% shareholding and

  2. NSE Investments Limited with 25.95% shareholding.

Where can I get the best Indian Gas Exchange Limited unlisted share price?+

You can get the best Indian Gas Exchange unlisted share price at Stockify. We update the IGX unlisted share price daily on our website and price charts. Check our website to know more.

How long does it take to credit Indian Gas Exchange Limited unlisted shares to be credited to a demat account?+
  1. Once we have confirmed your payment, we will transfer the shares to your demat account.

  2. Our average settlement time is 6 to 8 hours.

  3. You can verify the credit in your NSDL or CDSL demat account.

What is the minimum investment for Indian Gas Exchange Limited unlisted shares?+

The minimum investment for Indian Gas Exchange unlisted shares is Rs 1 lakh. Get in touch with our team to ask about the current price and lot size.

Indian Gas Exchange Limited (IGX) · Unlisted
₹535.50