The INOXGFL Group is planning to listing INOX Clear Vitality on the home inventory exchanges within the monetary 12 months 2025-26 and goals to lift Rs 5,000 crore by an Preliminary Public Providing (IPO), sources mentioned.
INOX Clear Vitality is an organization that makes photo voltaic panels and likewise generates electrical energy from renewable sources.
The IPO is anticipated 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 Vitality is an built-in renewable power platform, masking 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 this IPO.
With this itemizing, INOX Clear Vitality will change into the fifth entity of the $12 billion INOXGFL Group to be listed on the inventory exchanges.
At the moment, 4 firms 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 Vitality Ltd – the holding firm, at the moment 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 Vitality at Rs 50,000 crore ($6 billion).
