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Sebi Halts Inox Clean Energy's Rs 10,000 Crore IPO Application
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News18•01-10-2026, 19:00
Sebi Halts Inox Clean Energy's Rs 10,000 Crore IPO Application
- •Markets regulator Sebi has put Inox Clean Energy's draft IPO papers, aiming to raise up to Rs 10,000 crore, in abeyance.
- •The proposed IPO includes a fresh issue of equity shares worth Rs 8,000 crore and an offer-for-sale of Rs 2,000 crore by promoter Devansh Jain.
- •Inox Clean Energy, part of the INOXGFL Group, plans to use the proceeds for debt repayment and general corporate purposes.
- •The company operates an integrated renewable energy platform with renewable power generation and solar manufacturing businesses.
- •As of August 31, 2026, its renewable IPP portfolio stood at 9.29 GW, and its solar manufacturing capacity includes 6 GW operational across India and the US.
Key Questions Answered
Markets regulator SEBI has kept the draft offer documents of Inox Clean Energy Ltd in 'abeyance' without specifying any reasons for the decision.
Inox Clean Energy is looking to raise up to Rs 10,000 crore through its initial public offering. The proposed IPO comprises a fresh issue of equity shares worth up to Rs 8,000 crore and an offer-for-sale amounting to Rs 2,000 crore by promoter Devansh Jain.
The company proposes to use the proceeds from the fresh issue primarily for the full or partial repayment or prepayment of certain outstanding borrowings of the company and its subsidiaries, alongside general corporate purposes.