INOXGFL Group has announced its plans to take INOX Clean Energy public through IPO in the financial year 2025-26. The company aims to raise Rs 5,000 crore through an initial public offering (IPO), which is expected to be among the largest fundraising efforts in India’s renewable energy sector. With this move, INOX Clean Energy will become the fifth entity of the USD 12 billion INOXGFL Group to be listed on the stock exchanges.
According to industry sources, INOXGFL Group is planning to offer 10-15% of the company’s shares to the public, setting the total valuation of INOX Clean Energy at Rs 50,000 crore (USD 6 billion). The IPO is expected to hit the market in the third quarter of FY26, allowing investors to participate in the company’s ambitious growth in the renewable energy sector.
Investment Banks Appointed to Manage the IPO
To ensure a successful stock market debut, INOXGFL Group has appointed five leading investment banks to manage the IPO process. While the company has not yet commented officially on the details, the financial community is closely watching this move, given its potential impact on the renewable energy industry in India.
INOX Clean Energy is a leading integrated renewable energy platform that operates across multiple sectors. The company is involved in solar manufacturing, including the production of solar cells and modules, and also functions as an Independent Power Producer (IPP). With a focus on clean and sustainable energy, the company plays a crucial role in India’s shift towards green energy solutions.
With the upcoming IPO, INOXGFL Group aims to expand its renewable energy operations and strengthen its market position. The funds raised from the public issue will likely be used to enhance infrastructure, develop new technologies, and scale up solar and wind energy projects across the country.
INOXGFL Group Companies
The INOXGFL Group already has four listed companies on the stock exchanges:
- Gujarat Fluorochemicals Ltd – A flagship chemical company developing battery materials.
- Inox Wind Ltd – A leading wind turbine manufacturer in India.
- Inox Wind Energy Ltd – A holding company currently undergoing a merger with Inox Wind Ltd.
- Inox Green – The operations and maintenance (O&M) company of the renewable energy division.
If successful, the INOX Clean Energy IPO will be one of the biggest stock market listings in the private renewable energy sector in India. As demand for clean and sustainable power continues to grow, this listing will give investors an opportunity to participate in India’s green energy revolution.
With strong backing from the INOXGFL Group and a focus on innovation, INOX Clean Energy is poised to make a significant impact in the renewable power sector, setting new benchmarks for sustainable energy development.
