Archive · 2 Dec 2025
Torrent Gas Plans $450 Million IPO
Torrent Gas, a company that provides natural gas to homes, businesses, and vehicles in India, is planning to go public.
This means they will sell shares of their company to the public for the first time, which could raise up to $450 million.
They have hired three banks to help with this process.
The money from the IPO will be used to improve their infrastructure and pay off some of their debts.
Torrent Gas operates in 34 districts across seven states and one union territory.
They reported a significant increase in revenue last year.
This IPO is part of a trend in India, where many companies are raising large amounts of money through public offerings.
Torrent Gas Ltd. plans a $450 million IPO, hiring Axis Bank, Kotak Mahindra, and Citi as lead banks.
Proceeds will fund capital expenditure and reduce debt.
The company reported a 40.27% year-over-year revenue growth for the fiscal year ending March 2025.
Torrent Gas operates in 34 districts across seven states and one union territory.
The IPO will test investor appetite for city-gas distributors in India.
- Who
- Torrent Gas Ltd., a city-gas distribution arm of Torrent Group
- What
- Planned initial public offering (IPO)
- When
- Details not specified, but discussions are ongoing
- Where
- India
- Why
- To fund capital expenditure and reduce debt
- Company
- Torrent Gas Ltd.
- Lead Banks
- Axis Bank, Kotak Mahindra, Citi
- Revenue (FY 2025)
- 40.27 billion rupees
- Revenue Growth
- 40.27% YoY
- Service Areas
- 7 states and 1 union territory
- Districts Operated
- 34
- IPO Purpose
- Fund capital expenditure and reduce debt