Inox Clean Energy likely to file Rs 10,000 crore IPO with Sebi

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The INOXGFL Group did not respond to ET's queries. Government-backed NTPC Green Energy made a similar-sized IPO in November 2024.
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Inox Clean Energy in last December made a confidential DRHP filing with the Securities and Exchange Board of India, but withdrew it later. The latest plan comes after it raised funds privately from a diverse group of investors that included prominent global and local institutions, and expanded capacity through acquisitions in India and overseas. The company operates two related businesses: renewable energy generation and manufacturing of solar photovoltaic modules and cells.
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It expanded its power generation and manufacturing businesses rapidly over the past year and a half, both organically and through an aggressive M&A strategy.
Inox Neo Energies, the company's independent power generation vertical, operates renewable power plants with a total capacity of 5 gigawatts. An additional 11 gigawatts of projects are under development.
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