Newsletter
Torrent Gas is considering an initial public offering that may raise about $450 million.
Torrent Gas is authorised to develop city gas distribution infrastructure and supply compressed natural gas to vehicles as well as piped natural gas to industrial, commercial and residential users.
What’s happening: the company said that an IPO could value it at around $3 billion, depending on how global trade tensions play out. However, talks are still taking place.
Zoom out: India’s IPO pipeline is on fire. Companies are making a last-minute sprint to the public markets, looking to woo global investors before a key August 12 deadline. In just two weeks, over a dozen firms have launched or announced IPOs worth ₹187 billion ($2.1 billion).
Bottomline: if successful, Torrent Gas’s IPO could be a catalyst, not just for CGD companies, but for a wider wave of infra and utility-focused listings. It also gives investors access to a critical but underrepresented part of India’s energy value chain.
