What is the current status of Inox Clean Energy Ltd.'s IPO plans, and how does it compare to its previous attempt?

Inox Clean Energy Ltd. has revived plans for an initial public offering that could raise up to $1 billion, is in discussions with bankers, and is likely to file a draft prospectus soon. This marks a restart after withdrawing its previous IPO draft papers filed in July last year. The company aims for a deal size roughly double its earlier plan, intends to retain some prior banks while adding new ones—including global firms—and remains in ongoing deliberations, with final size and timing still subject to change.

What recent strategic moves has Inox Clean made ahead of its revived IPO, and what are its stated capacity targets?

Ahead of its revived IPO, Inox Clean raised ₹31 billion ($332 million) in a January funding round and completed the acquisition of Vibrant Energy from Macquarie Corporate Holdings Pty Ltd. and other shareholders at an enterprise value of about ₹50 billion ($536 million). According to its website, the company targets 10 gigawatts of installed renewable energy capacity and 11 gigawatts of integrated solar manufacturing capacity by fiscal year 2028, with assets across India and several key global markets.

Inox Clean Said to Revive Plan for Up to $1 Billion India IPO

Apr 20, 2026

Inox Clean Energy Ltd. is reviving plans for a $1 billion IPO to fund expansion into renewable energy and solar manufacturing. The move comes despite broader market challenges following geopolitical tensions affecting Indian equities.

bloomberg

2026-04-20

Inox Clean Said to Revive Plan for Up to $1 Billion India IPO

Inox Clean Said to Revive Plan for Up to $1 Billion India IPO

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