IEX to Launch Mineral Exchange Soon; IGX Files DRHP, Power Demand Expected to Surge

(IEX) has announced plans to soon launch a dedicated Mineral Exchange, expanding its footprint beyond power and gas trading into the minerals segment. The company clarified that the new initiative will have no adverse impact on its performance amid ongoing market coupling discussions with regulators. In a parallel development, IEX’s subsidiary Indian Gas Exchange (IGX) has filed its Draft Red Herring Prospectus (DRHP) with SEBI for an Initial Public Offering (IPO). The offer will be entirely an Offer for Sale (OFS) of up to 1.67 crore shares by IEX, reducing its stake in IGX from around 47% to 25% to comply with regulatory norms. Analysts remain optimistic as power demand in India is projected to stay very high, driven by economic growth, industrialization, and rising renewable integration needs. The developments underscore IEX’s strategic diversification while reinforcing its dominant position in the energy trading ecosystem. Market participants will closely watch the IGX IPO progress expected before December 2026.