INOX Clean Energy Plans for ?6,000 crore IPO, Files Confidential DRHP with SEBI

INOX Clean Energy Ltd is planning for its Initial Public Offering (IPO) aiming to raise ?6000 crore through this IPO. It has filed the draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) through the confidential route.?

The proposed IPO by INOX Clean Energy surpasses the IPO filings made by Waaree Energies for ?4,300 crore IPO in October 2024 and Juniper Green for ?3,000 crore IPO in June 2025.?

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INOX Clean Energy IPO Details

As per reports, the major portion of the public offer will comprise of fresh issue. JM Financial, Motilal Oswal, Nuvama, IIFL Securities, and ICICI Securities are appointed as the book-running lead managers for the INOX Clean Energy IPO.?

The company is expected to incur a capital expenditure of ?6,500 crore to complete its under-construction renewable energy and manufacturing capacities. The net proceeds from the public issue will primarily be used for setting up new facilities in solar and independent power producers.?

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About INOX Clean Energy Limited

INOX Clean Energy Ltd is a part of the INOXGFL Group and operates in the renewable energy sector. Headquartered in Noida, the company focuses on two major areas—developing wind and solar power projects, and manufacturing solar cells and modules. The company currently has a total operational capacity of 157?MW (107?MW wind and 50?MW solar).

The company also recently raised ?700 crore in equity, including ?90 crore raised at the company level and ?600 crore at the Inox Neo Energies level through minority stake dilution to private investors. The $12 billion Inox group is promoted by Vivek Jain and Devansh Jain.

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