# IGX gets SEBI approval for Rs 1.67 crore-share IPO 2026-10-12T23:50:47+00:00 | Business & Economy | Indian Opinion Desk Corroboration: 2 independent outlets Indian Gas Exchange has received SEBI approval to launch an IPO comprising an offer for sale of up to 1.67 crore equity shares by promoter Indian Energy Exchange. IGX will receive no proceeds, with the entire amount going to IEX. SEBI issued its final observation on 12 October, subject to regulatory requirements. The listing is intended to improve IGX’s visibility, brand presence and access to a public market. IEX holds more than 47% of IGX and plans to reduce its stake to 25% under applicable regulations. IGX reported revenue of Rs 61 crore for the year ended March 2026. CNBC-TV18 places its earlier Rs 48.8 crore revenue in FY2025-26, while The Economic Times identifies it as FY25. Rajesh Kumar Mediratta had said in January that IGX was targeting an IPO by December 2026. ## Indian Opinion Analysis Coverage from CNBC-TV18 and The Economic Times is broadly uniform straight reporting, with both leading on SEBI approval and the all-OFS structure. CNBC-TV18 adds more detail on the proposed stake reduction and IPO-market activity, while The Economic Times gives greater space to the listing rationale and operating background. Neither source presents criticism of the transaction or a competing account. The main unresolved detail is the fiscal label attached to Rs 48.8 crore revenue, which the outlets describe differently. The next stated milestone is IGX’s target of an IPO by December 2026. ## Coverage Coverage: 2 sources, 2 neutral - cnbctv18.com (neutral report) Straight report leads with SEBI approval and includes market context - economictimes.indiatimes.com (neutral report) Straight report emphasises IPO structure and listing rationale This brief was synthesised by AI from the 2 sources linked above, so one read covers every framing they carry. Tags: Axis Capital, Indian Energy Exchange, Indian Gas Exchange, KFin Technologies, Rajesh Kumar Mediratta, SEBI Canonical: https://indianopinion.org/igx-gets-sebi-approval-for-rs-1-67-crore-share-ipo/ License: Summary and commentary (c) Indian Opinion, reusable with attribution. Facts belong to the linked sources. Cite: https://indianopinion.org/igx-gets-sebi-approval-for-rs-1-67-crore-share-ipo/#story-in-brief How this brief was made: an AI model read the reports linked above and wrote this summary and analysis, which were published automatically. Published briefs are sampled every hour by an automated quality check; the editor verifies its findings and approves corrections, and corrected briefs carry a dated correction line. Stance labels are editorial classifications of how each outlet framed this story, assigned by the same model, not ratings of the outlets. We do no original reporting. Methodology: https://indianopinion.org/ai-use-policy/