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The Economic Times

Business

Indian Gas Exchange secures Sebi's nod to float IPO

SEBI IPO IGX Indian Energy Exchange IEX Natural Gas

Indian Gas Exchange Ltd (IGX), the country's first online delivery-based trading platform for natural gas, on Monday secured Sebi's approval to float an initial public offering (IPO), an update with the regulator showed.

The proposed public issue is entirely an offer for sale (OFS) of up to 1.67 crore equity shares by promoter Indian Energy Exchange Ltd (IEX), according to the draft red herring prospectus (DRHP).

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