Inox Clean Energy Announces ₹100bn IPO, Targets 10GW Capacity by 2028

Inox Clean Energy filed for a ₹100bn initial public offering, earmarking ₹80bn for fresh equity and selling ₹20bn of existing shares— a clear signal of its intent to raise capital for aggressive growth.

The company, part of the INOXGFL conglomerate, recently secured Vena Energy India’s 6‑gigawatt renewable portfolio, instantly boosting its operating capacity and project pipeline.

By FY28, Inox Clean Energy aims to reach 10 gigawatts of renewable generation and 11 gigawatts of solar manufacturing, positioning it as a major player in India’s green energy race.

The IPO filing follows last year’s confidential draft, underscoring a strategic shift toward expanding its footprint amid a surge of renewable‑energy listings across the market.

Analysts expect the offering to unlock valuation upside, as the firm’s growth trajectory aligns with the sector’s bullish outlook and government incentives for green power.

Investors will monitor the final pricing and allotment process, which could set a benchmark for future renewable‑sector listings on the BSE and NSE.