INDIAN GAS EXCHANGE (IGX) Unlisted Shares

Indian Gas Exchange Ltd. (IGX) is India's first and only fully automated national gas exchange — a PNGRB-regulated marketplace where gas buyers and sellers trade spot and forward natural gas contracts at 6+ physical delivery hubs across India. IGX unlisted shares are available through Valowth Capital — contact us for current pricing.

IGX was incorporated in 2019 and operational since June 2020, backed by marquee shareholders: NSE (India's largest stock exchange), GAIL (India's dominant gas transporter), and Adani Gas — a combination that provides technology, market-making, and gas supply infrastructure simultaneously. This institutional ownership structure provides IGX with credibility and market liquidity that independently funded exchanges take decades to build.

The financial metrics are exceptional: IGX posted revenue of ₹69 crore in FY25 with a PAT margin of approximately 45% — reflecting the high-margin, asset-light nature of exchange businesses. In FY26, traded volume reached a record 77 million MMBTU, up 28% year-over-year, demonstrating accelerating market adoption.

India has committed to increasing natural gas's share of the energy mix from 6% to 15% by 2030 — a transformation that requires transparent, liquid spot and forward markets. IGX is the infrastructure that makes this price discovery possible.

Valowth Capital provides verified demat-based transfer of IGX unlisted shares. Tax: LTCG (24+ months) = 20% with indexation. STCG = per slab.