Inox Clean Energy files DRHP for ₹10,000 crore IPO

Inox Clean Energy, a renewable energy platform of the INOXGFL Group, has filed its draft red herring prospectus (DRHP) with SEBI for an initial public offering (IPO) of up to ₹10,000 crore. The company's IPO will comprise a fresh issue of up to ₹8,000 crore and an offer for sale of up to ₹2,000 crore by the selling shareholders.

Proceeds from the fresh issue will primarily be used to repay or prepay borrowings of the company and its subsidiaries, with the balance earmarked for general corporate purposes. The filing comes after Inox Clean has rapidly expanded its renewable energy platform through acquisitions, with a renewable IPP portfolio of 9.29 GW as of August 31, 2026.

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