Indian Gas Exchange
Indian Gas Exchange
INE0BI301012
Incorporation Date: 06-Nov-2019
Listing Status: DRHP Not Filed
About Indian Gas Exchange
Overview of Indian Gas Exchange
Company Overview
Indian Gas Exchange Limited (IGX) is India’s first automated, nationwide trading platform for natural gas. It operates as a neutral and transparent marketplace that facilitates competitive trading between buyers and sellers, enabling efficient price discovery.
• Introduced to formalize and standardize short-term gas trading in India
• Built around a hub-based model integrating multiple delivery locations
Vision and Strategic Mandate
IGX has been established with the objective of developing a robust, market-driven natural gas ecosystem in India. The exchange supports the country’s long-term energy strategy of increasing the share of natural gas in the overall energy mix and transitioning toward a gas-based economy.
• Supports the national target of increasing gas share in the energy mix
• Encourages transition toward cleaner and more flexible fuel sources
• Aims to improve liquidity and competitiveness in domestic gas markets
Core Operations
The exchange provides a digital trading platform for natural gas, offering spot contracts for immediate delivery, forward contracts for future delivery, and standardized contracts across multiple delivery hubs. All transactions conducted on the platform are delivery-based, ensuring physical settlement and alignment with real market demand and supply.
• Contracts span short-term delivery cycles such as daily and monthly
• Hub-linked delivery enhances supply chain efficiency
Trading Mechanism and Platform Efficiency
IGX operates through a fully automated, web-based system that enables seamless participation from market participants. Prices are discovered through competitive bidding, ensuring transparency and efficiency while eliminating the need for bilateral negotiations.
• Double-sided anonymous bidding mechanism ensures fair price discovery
• Real-time price signals improve procurement decisions
• Streamlined execution reduces transaction timelines
Market Ecosystem and Participation Framework
The exchange supports a diverse set of participants, including gas producers, suppliers, industrial consumers, and city gas distribution companies. A structured membership framework ensures smooth trading, clearing, and settlement processes across the platform.
• Includes participation from LNG suppliers and domestic producers
• Industrial users gain direct access to competitive gas sourcing
Regulatory Oversight
IGX functions under the regulatory supervision of the Petroleum and Natural Gas Regulatory Board, ensuring compliance with established norms and maintaining high standards of transparency and governance.
• Operates within a regulated framework for fair market conduct
• Ensures alignment with pipeline access and capacity regulations
Institutional Backing
IGX is a wholly owned subsidiary of Indian Energy Exchange Limited, India’s leading energy exchange. Leveraging the technological and operational expertise of its parent, IGX has established itself as a key institution in the evolving gas market landscape.
• Leverages proven exchange technology and infrastructure
• Benefits from established credibility in energy trading markets
• Backed by strong institutional expertise
Role in India’s Energy Landscape
The exchange plays a critical role in enabling market-based pricing of natural gas, enhancing liquidity and transparency in gas trading, and supporting key sectors such as power, fertilizers, steel, and city gas distribution.
• Enables flexible sourcing for key industrial sectors
• Improves allocation efficiency of gas across regions
Strategic Significance
IGX represents a structural shift in India’s natural gas market by moving away from traditional long-term contracts toward flexible, short-term, and transparent trading mechanisms, thereby aligning the domestic gas market with global best practices.
• Aligns India with global gas hub trading models
• Creates a foundation for future financial gas instruments
Insights of Indian Gas Exchange
Financial Snapshot (₹ Cr)
| Metric | FY25 | FY24 | Growth (%) |
|---|---|---|---|
| Revenue | 48.80 | 34.85 | 40.0% |
| EBITDA | 25.96 | 14.15 | 83.5% |
| PAT | 30.95 | 23.05 | 34.3% |
Industry Overview
India’s natural gas market is undergoing a structural transformation, driven by policy support, infrastructure expansion, and a gradual shift toward cleaner energy sources. The introduction of exchange-based trading platforms such as IGX marks a significant step toward market liberalization and price transparency.
• The government aims to increase the share of natural gas in the energy mix to around 15 percent, creating long-term demand visibility
• Expansion of LNG terminals, pipeline connectivity, and city gas distribution networks is improving accessibility across regions
• Historically dominated by long-term oil-linked contracts, the market is now gradually shifting toward hub-based and short-term pricing mechanisms
Despite these tailwinds, the market remains relatively underpenetrated compared to global benchmarks, with limited liquidity in spot trading. However, increasing participation from industrial users and suppliers is expected to deepen the market over time.
• Exchange-led trading platforms are expected to play a key role in price discovery and efficient allocation of gas
• Over time, the development of gas hubs and potential introduction of derivatives could further mature the ecosystem
Financial Charts of Indian Gas Exchange
Balance Sheet of Indian Gas Exchange
Profit and Loss of Indian Gas Exchange
Ancillary of Indian Gas Exchange
Ratio Analysis
Peers
Industry Benchmarking
Segment Revenue
Subsidaries
Security Allotment
Corporate Governance
Team Management Details
FAQs of Indian Gas Exchange
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How to buy Indian Gas Exchange?
Below are three ways through which you can purchase Indian Gas Exchange:
- We at Altius Investech have many actively traded scripts and are market makers of unlisted shares. To check out all the unlisted shares traded. (Click on link). To submit a request to buy Indian Gas Exchange, please click on the trade button at the top of this page
- Additionally, you can download our app from your play store or app store, register on our application, and engage in active trading there.
Download the Altius App here https://onelink.to/hf4m72 - You can also reach out to us at : +91 8240614850 / +91 8240861716
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How to sell Indian Gas Exchange?
Below are three ways through which you can sell Indian Gas Exchange:
- We at Altius Investech have many actively traded scripts and are market makers of unlisted shares. To check out all the unlisted shares traded. (Click on link). To submit a request to sell Indian Gas Exchange, please click on the trade button at the top of this page
- Additionally, you can download our app from your play store or app store, register on our application, and engage in active trading there.
Download the Altius App here https://onelink.to/hf4m72 - You can also reach out to us at : +91 8240614850 / +91 8240861716
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What is the price of Indian Gas Exchange?
We provide a two way quote on all the shares we deal in. Your buy price for Indian Gas Exchange is ₹N/A and your sell price for Indian Gas Exchange is ₹N/A. The price is based on our estimates and market conditions.
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What is the lock-in period of Indian Gas Exchange?
The lock-in period for Indian Gas Exchange varies depending on the category of investors:
- For retail Investors, HNIs, or Body Corporates, the lock-in period is 6 months from the date of the listing of Indian Gas Exchange
- For Venture Capital Funds or Foreign Venture Capital Investors, there is a lock-in period of 6 months from the date of acquisition of Indian Gas Exchange
- For AIF-II (Alternative Investment Funds - Category II), there is no lock-in period
August 2021 saw the introduction of this regulation by SEBI. The purpose of the regulation change, which lowered the lock-in period from a year to six months, was to incentivize additional investments in firms getting ready for initial public offerings, or IPOs. Since its introduction, a number of Portfolio Management Services (PMS) have advised their clients to purchase Pre-IPO shares in order to take advantage of the advantages associated with early-stage investments. This reduction in the lock-in period is considered as a significant step forward.
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How is the Indian Gas Exchange price calculated?
Fundamental & Comparative valuation models and the forces of demand and supply in the market for unlisted shares dictate the price. These prices are based on our estimates and transaction history of Indian Gas Exchange. The price is also determined from the most recent funding round for Indian Gas Exchange. This provides us with a benchmark valuation, offering a clear indication of the company's current market value as perceived by investors and industry experts.
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What are the lot sizes of Indian Gas Exchange?
We can generally arrange lot sizes starting with an investment of INR 20,000. To confirm the lot sizes of Indian Gas Exchange with us kindly click here.
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What are the financials of Indian Gas Exchange?
The financials of Indian Gas Exchange which includes the P/L of Indian Gas Exchange and the Balance Sheet of Indian Gas Exchange is in the financials section (Click on link).
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Where can I find the annual report of Indian Gas Exchange?
The annual report of Indian Gas Exchange is available in the annual report section (Click on link).
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Is buying Indian Gas Exchange legal in India?
Yes, buying and selling unlisted shares in India is indeed 100% legal. This activity is regulated and governed under the guidelines provided by the Securities and Exchange Board of India (SEBI). Investors and traders must adhere to these regulations and guidelines to ensure compliance with legal and financial standards. It's important for participants in the unlisted share market to be aware of and understand these regulations to engage in transactions legally and securely.
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Short-term Capital Gain taxes to be paid on Indian Gas Exchange?
When you sell unlisted shares within a period of two years from the date of acquisition, any profit earned from the sale is classified as Short-term Capital Gain (STCG). This gain is then added to your total income for that financial year. The tax on this short-term capital gain is calculated based on your applicable individual income tax slab rates. Therefore, the rate at which you will pay tax on the STCG from unlisted shares depends on your total income, including this gain, and the tax slab it falls under as per the prevailing income tax laws in India. It's important for investors to consider these tax implications when engaging in transactions involving unlisted shares.
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Long-term Capital Gain taxes to be paid on Indian Gas Exchange and how are They Taxed?
Long-term Capital Gains (LTCG) on unlisted shares in India refer to the profits earned from the sale of unlisted shares that have been held for more than two years. The key aspects of LTCG on unlisted shares include:
- Tax Rate: LTCG on unlisted shares is taxed at a rate of 20%.
- Indexation Benefit: This is a significant advantage for investors. Indexation allows for adjusting the purchase price of the shares for inflation, which can reduce the taxable gain.
- Importance for Investors: Understanding LTCG is crucial, especially for High Net-worth Individuals (HNIs) and retail investors, as it impacts their investment strategy and tax planning. Knowing these details helps in making informed investment decisions.
- Calculation: LTCG is calculated by subtracting the indexed cost of acquisition (the purchase price adjusted for inflation) from the sale price of the shares. The profit thus calculated is subject to a 20% tax.
- Applicability: LTCG tax is applicable to profits from the sale of unlisted shares held for more than two years.
- Relevance: This tax is particularly relevant to investors in the unlisted share market, including those considering selling their holdings after a period of more than two years.
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Applicability of Taxes on Indian Gas Exchange once it is listed?
When shares initially bought in the unlisted market become listed, the taxation rules change significantly if these shares are sold through a stock exchange. Here's what investors need to know:
Transition to Listed Market Tax Rates: Once unlisted shares are listed on the stock exchange and subsequently sold, the tax rates applicable to listed securities come into effect. This shift means that the favourable tax treatments for listed shares, as per the prevailing tax laws, will apply.
Taxation Based on Holding Period: The crucial factor in determining the type of capital gains tax (Long-term or Short-term) is the holding period of the shares. Importantly, this period is calculated from the original purchase date when the shares were unlisted.
Long-term vs. Short-term Capital Gains: If the shares are sold after being held for more than one year from the date of purchase (including the period when they were unlisted), they are subject to Long-term Capital Gains (LTCG) tax.
Conversely, if sold within one-year, Short-term Capital Gains (STCG) tax rates apply.
Significance for Investors: This information is vital for investors in the unlisted market, as it impacts their tax planning and decision-making process. Understanding these nuances ensures that investors can strategically plan the sale of their shares post-listing to optimize tax implications.
Advice for Investors: It's advisable for investors to keep a record of their purchase dates and monitor the listing dates closely. Additionally, staying updated with the latest tax regulations or consulting with a financial advisor is recommended for accurate tax calculations and compliance. -
How does Altius Investech source Indian Gas Exchange?
At Altius Investech, our approach to sourcing Boat Unlisted Share (Imagine Marketing) involves a strategic and direct method. Primarily, we acquire these shares from the below key groups:
Employees of the Company: Employee stock option plans (ESOPs) or other compensation packages frequently include shares for firm employees. For a various reasons, such as including portfolio diversification or financial considerations, some of these employees may eventually choose to sell their shares. We engage with these employees, providing them a platform to sell their shares.
Initial Investors: These are the angel or early-stage investors who provided capital to the business in its early stages. These original investors may look to sell all or part of their ownership position in the company as it develops and flourishes. This might be done for various reasons such as in order to maximise their investment, reallocate resources, or make other calculated financial decisions.
Funding rounds and VC funds: Altius Investech sources the shares from private placement rounds in which private companies seek to obtain capital from the market. Through our platform, venture capital funds can liquidate their shares and we receive the inventory from them when they decide to sell a portion of their ownership through block trades.
By establishing connections with these groups, Altius Investech guarantees our clients a steady and dependable supply of Boat Unlisted Share (Imagine Marketing). This process not only makes it easier for employees and initial investors in liquidating their assets, but it also gives our clients access to shares that aren't often found on the open market. Our platform effectively facilitates a win-win situation for both buyers and sellers. -
How to trust Altius Investech before buying Indian Gas Exchange from its platform?
Altius Investech stands at being India's fastest growing and leading marketplace for buying and selling unlisted shares. We believe in enabling access to alternative sources of investments at lower entry barriers to private equity investments.
With more than 25 years of experience, Altius Investech has carved a niche in the financial market by serving more than 8000 clients. The incredible journey is further highlighted by the vast number of transactions that Altius Investech has facilitated transactions that have already exceeded 300 crores.
For investors Altius Investech curates investment opportunities in companies at reasonable valuations which are on the verge of an IPO leading to massive value unlocking. Investments are backed by thorough research and sound investment thesis, with a time bound exit plan.
For ESOP Shareholder and existing Investors, we assist them to liquidate their shares even if they are not publicly traded by creating a platform where we find the right buyers and sellers for the best prices.
Altius Investech have been featured in top media news outlets like Economic Times, Financial Express, Money control. Check out about us on these - leading publications (Click on link) Our journey over these years has not just been about numbers; it's been about building trust and reliability.
We at Altius Investech are dedicated to upholding the greatest levels of ethics and transparency, making sure that your investment experience is not only profitable but also safe and reliable.
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