INOX Clean files for IPO, looks to raise ₹6,000 cr

INOX CLEAN ENERGY, (ICEL), part of the INOXGFL Group, has filed a draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (Sebi), for an initial public offering via the confidential route.

- FE BUREAU Mumbai, July 11

The company is looking to raise over ₹6,000 crore through the IPO. When launched, it will be the second biggest fund raise till date in the renewable energy space after NTPC Green raised ₹10,000 crore in November last year. Juniper Green recently filed for an IPO to raise about ₹3,000 crore, while the size of Waaree Energies’ IPO in October 2024 was around ₹4,300 crore. With a proposed equity dilution of