Indian Gas Exchange Limited Unlisted Share Price
As of , the indicative unlisted share price of Indian Gas Exchange Limited is ₹405 per share. This is an over-the-counter reference price, not a stock-exchange quote.
As of , Indian Gas Exchange Limited is not listed on any Indian stock exchange (NSE or BSE) — its shares trade in the unlisted, over-the-counter (pre-IPO) market.
| Price / unit | ₹405 |
|---|---|
| Market cap | ₹3,068 Cr |
| Min. investment | ₹10,125 |
| Lot size | 25 |
| P/E ratio | 99.05 |
| P/B ratio | 19.46 |
What is Indian Gas Exchange Limited?
Indian Gas Exchange Limited is an unlisted Financials company whose shares trade in India's over-the-counter (pre-IPO) market and settle in demat form (NSDL/CDSL).
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.
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Frequently asked questions
No. As of 16 July 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.
The minimum lot is 25 share(s); at the indicative price of about ₹405, that is approximately ₹10,125. Indicative reference, not a quote.
As of 16 July 2026, the indicative unlisted share price of Indian Gas Exchange Limited is ₹405 per share. This is an over-the-counter reference price, not a stock-exchange quote.
The ISIN of Indian Gas Exchange Limited is INE0BI301012. An ISIN is the unique 12-character code that identifies a company's shares in the depository system; this one is verified against NSDL (the National Numbering Agency). You need it to hold or transfer these unlisted shares in your NSDL or CDSL demat account.
Indian Gas Exchange Limited (IGX) runs India's first PNGRB-authorised automated, screen-based exchange for trading physically delivered natural gas. It offers standardised spot and forward contracts that let buyers and sellers such as industrial users, city gas distributors and traders transact gas with transparent price discovery across multiple delivery hubs.
IGX is currently unlisted and is not traded on the NSE or BSE main board; its board has approved steps toward a potential IPO indicated for around December 2026. Until any listing, its equity shares trade only in the private unlisted market, where transactions are conducted off-exchange and settled into a demat account through intermediaries that deal in unlisted securities. This is general information, not advice.
The indicative price reflects supply and demand among private buyers and sellers and is not set by a stock exchange. It is influenced by the company's financial performance, sector outlook for natural gas, news around its expected IPO, comparable exchange valuations and overall sentiment toward pre-listing companies. Quoted figures are indicative only and can change frequently.
IGX was incorporated in 2019, is headquartered in New Delhi, and carries CIN U74999DL2019PLC357145 and ISIN INE0BI301012 with a face value of ₹10 per share. It operates an asset-light exchange model, reports modest revenue with low leverage, and counts the listed Indian Energy Exchange as its largest shareholder alongside gas-sector and market-infrastructure participants. These details are factual data points, not a recommendation.
They can. If the company declares a dividend, unlisted shareholders are eligible like any other shareholder. Many unlisted firms reinvest profits, so dividends are not guaranteed.
After listing, unlisted shares convert into regular listed shares in your demat account and can be traded on the exchange, usually once any applicable SEBI lock-in period ends.
Unlisted shares are less liquid than listed shares. You can sell when a buyer is available through an off-market transfer; there is no continuous exchange market, so exits can take longer.
Unlisted shares carry higher risk and lower liquidity than listed shares, with fewer disclosures and no live market price. This is general information, not investment advice — assess suitability before investing.
An unlisted share price is an indicative, over-the-counter reference set by demand and supply in private deals between buyers and sellers. There is no live exchange quote, so prices can vary across dealers and over time.
Yes. Unlisted shares are delivered in dematerialised form, so you need an active demat account (NSDL or CDSL). No special account type is required — a regular demat account works.
Unlisted shares are sold through an off-market transfer to a buyer via a registered intermediary, settling from your demat account with a contract note. Liquidity depends on buyer availability, so exits can take longer than listed shares.
Indian Gas Exchange Limited vs similar unlisted Financials shares
Indicative over-the-counter prices, as of 16 July 2026. Information only — not a recommendation or ranking.