The INOXGFL Group is planning to checklist INOX Clear Power on the home inventory exchanges within the monetary yr 2025-26 and goals to lift Rs 5,000 crore by means of an Preliminary Public Providing (IPO), sources stated.
INOX Clear Power is an organization that makes photo voltaic panels and in addition generates electrical energy from renewable sources.
The IPO is predicted to be launched within the third quarter of FY26, sources added.
The corporate has appointed 5 main funding banks to handle the problem.
INOX Clear Power is an built-in renewable power platform, overlaying photo voltaic manufacturing (cells and modules) and working as an Impartial Energy Producer (IPP).
The group goals to strengthen its place in India’s renewable power market by means of this IPO.
With this itemizing, INOX Clear Power will develop into the fifth entity of the $12 billion INOXGFL Group to be listed on the inventory exchanges.
At the moment, 4 corporations of the group are already listed:
Gujarat Fluorochemicals Ltd – the flagship chemical firm centered on battery supplies
Inox Wind Ltd – a number one wind turbine producer
Inox Wind Power Ltd – the holding firm, at present merging with Inox Wind Ltd
Inox Inexperienced – the listed operations and upkeep (O&M) firm of the renewable arm
Business sources revealed that the INOXGFL Group is planning to lift 10-15 per cent from the general public, valuing INOX Clear Power at Rs 50,000 crore ($6 billion).
