<ul data-eligibleForWebStory="false"><li>INOX Clean Energy Ltd. has filed a confidential draft red herring prospectus for a Rs 6,000-crore IPO in the Indian renewables sector with the goal of achieving a market capitalization of around Rs 50,000 crore.</li><li>Proceeds from the IPO will be used for setting up new facilities in solar and independent power producers, with a planned capital expenditure of approximately Rs 6,500 crore.</li><li>The IPO is larger in scale compared to previous filings, like Juniper Green’s Rs 3,000 crore and Waaree Energies’ Rs 4,300 crore IPOs.</li><li>The book running lead managers for the IPO are JM Financial, Motilal Oswal, Nuvama, IIFL Securities, and ICICI Securities.</li></ul>

INOX Clean Energy Files Confidential Draft Papers For Rs 6,000-Crore IPO

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