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INOX Clean Energy Proposes Rs 10,000 Crore IPO
Inox Clean Energy wants to raise money through a very large IPO.
An IPO is when a company offers shares to the public for the first time.
The proposed IPO could be worth Rs 10,000 crore.
Most of the money, up to Rs 8,000 crore, would come from new shares.
Existing shareholders could sell shares worth up to Rs 2,000 crore.
The company works in renewable electricity and solar manufacturing.
Its operations cover India, Africa and other international markets.
The proposal came during a month when many Indian companies filed plans to go public, even though major stock-market indexes fell.
Inox Clean Energy filed a Rs 10,000 crore IPO proposal with India’s market regulator.
The proposed offering includes a fresh issue of up to Rs 8,000 crore and an offer for sale of up to Rs 2,000 crore.
The company reported FY26 revenue of Rs 2,046.4 crore and EBITDA of Rs 1,190.4 crore.
Inox Clean Energy operates renewable power platforms across India, Africa and other international markets, alongside solar manufacturing facilities.
September saw heavy IPO activity, including about 60-65 main-board DRHP filings, while the Sensex and Nifty-50 each fell nearly 6 percent.
- Who
- Inox Clean Energy, with its existing selling shareholder, is proposing the IPO.
- What
- The company filed a draft proposal for a Rs 10,000 crore initial public offering.
- Where
- The filing was made in India, while the company operates across India, Africa and other international markets.
- When
- The proposal was among the final DRHP filings of September; the cited stock-market activity covers September 21-27.
- Why
- To pursue a public share offering consisting of new shares and shares sold by an existing shareholder.
Key facts
- Proposed IPO size
- Up to Rs 10,000 crore
- Fresh issue
- Up to Rs 8,000 crore
- Offer for sale
- Up to Rs 2,000 crore
- FY26 revenue
- Rs 2,046.4 crore
- FY26 EBITDA
- Rs 1,190.4 crore
- September main-board DRHP filings
- Approximately 60-65, according to rough estimates
- Other major IPO filing
- Vishakha Renewables proposed a fresh issue of up to Rs 1,250 crore and an offer for sale of up to 1.82 crore shares
Sources
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