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INOX Clean Energy files for ₹6,000-cr IPO, aims for sector’s biggest listing

  • INOX Clean Energy has filed for an IPO targeting to raise over ₹6,000 crore, which would make it the sector's biggest listing.
  • The company aims for a market capitalisation of about ₹50,000 crore through a proposed equity dilution of over 10%.
  • INOX Clean Energy recently raised ₹700 crore through an equity issuance, including minority stake dilution to private investors.
  • The proposed IPO's book running lead managers include JM Financial, Motilal Oswal, Nuvama, IIFL Securities, and ICICI Securities.

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