{
  "id": 9671471,
  "title": "Inox Clean Energy likely to file Rs 10,000 crore IPO with Sebi",
  "url": "https://urgent.news/2026/09/24/inox-clean-energy-likely-to-file-rs-10-000-crore-ipo-with-sebi",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-24T23:36:20.000Z",
  "source": {
    "name": "The Economic Times - Top News",
    "slug": "the-economic-times-top-news",
    "url": "https://economictimes.indiatimes.com/markets/ipos/fpos/inox-clean-energy-set-to-file-rs-10000-crore-ipo-with-sebi/articleshow/134472240.cms"
  },
  "original_language": "en",
  "account": "Deputy Editor: Inox Clean Energy is poised to submit a draft red herring prospectus for a ₹10,000 crore IPO to the Securities and Exchange Board of India (Sebi) before the end of the week, potentially marking the largest IPO from a private Indian renewable energy firm so far, according to sources familiar with the matter. The proposed offering consists of a fresh share issuance by the INOXGFL Group and an offer for sale from certain existing shareholders, as reported. However, the company did not provide a response to queries from ET. Notably, Government-backed NTPC Green Energy had carried out a similarly sized IPO in November 2024. Earlier this December, Inox Clean Energy had filed a confidential draft red herring prospectus (DRHP) with Sebi but withdrew it subsequently. The new plan arises after the company attracted investments from a diverse group of global and local institutions, as well as through the expansion of its capacity via acquisitions in India and abroad. Inox Clean Energy operates two interconnected businesses: renewable energy generation and solar photovoltaic modules and cells manufacturing. The company has rapidly grown its power generation and manufacturing businesses over the past 18 months, both organically and through a robust M&A strategy. Inox Neo Energies, the firm's independent power generation division, operates renewable power plants with a total capacity of 5 gigawatts, with an additional 11 gigawatts of projects in the pipeline.",
  "summary": "Inox Clean Energy is set to launch a ₹10,000 crore IPO by filing a draft red herring prospectus, potentially marking the largest IPO in the Indian private renewable energy sector to date. This deal will consist of new shares issued as well as a sale of existing shares. The company had earlier withdrawn a DRHP but has since seen significant growth in its renewable energy and solar manufacturing…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}