Inox Clean Energy Eyes Record IPO

Inox Clean Energy is gearing up to launch an initial public offering (IPO) valued at ₹10,000 crore. This move is poised to become the largest IPO by a private Indian renewable energy company. The offering will feature a mix of newly issued shares and a sale of existing shares by current shareholders.

This significant financial undertaking follows the company's earlier withdrawal of a draft prospectus. Since then, Inox Clean Energy has demonstrated considerable expansion in its renewable energy generation capacity and its solar manufacturing operations.

The company's operations are divided into two main verticals. Inox Neo Energies, its independent power generation arm, currently manages renewable power plants totaling 5 gigawatts and has an additional 11 gigawatts under development. Concurrently, it engages in the manufacturing of solar photovoltaic modules and cells, indicating a broad scope within the renewable energy value chain.