Business
Inox Clean Energy files Rs 10,000 crore IPO
The Hindu BusinessLine··30 Sept
Inox Clean Energy filed a SEBI draft for an IPO of up to Rs 10,000 crore. The offer includes a fresh issue of up to Rs 8,000 crore and an offer for sale of up to Rs 2,000 crore. Fresh proceeds will mainly repay borrowings. Its renewable IPP portfolio stood at 9.29 GW as of August 31, 2026.
Prism
What It Means For You
- Listed capital would give the platform a vehicle for further renewable expansion.
- Selling shareholders include promoters Devansh Jain and Avarna Jain.
- Investors already on the cap table include Motilal Oswal Group and other family offices.
What's Happening
- Businessline earlier reported more than Rs 25,200 crore spent on acquisitions in a year.
- Operational renewable capacity was 2.37 GW, with more under construction and in pipeline.
- Solar manufacturing had 6 GW of operational module capacity across India and the US.
How the platform scaled
- The IPP book scaled to 2.37 GW operational within 1.5 years since April 2025.
- The company raised Rs 1,500 crore from Motilal Oswal Group in August.
- Banks and brokers named as book runners include Nuvama, CLSA, HSBC and ICICI Securities.
all-news
