Inox Clean Energy Withdraws IPO Filing After Significant Pre-Funding Boost

Inox Clean Energy has temporarily withdrawn its draft IPO filings after successfully raising approximately Rs 5,000 crore in a pre-IPO funding round. This strategic decision, revealed on December 8, 2025, comes as the company plans to incorporate the latest financial developments into its initial public offering documents.

The firm, a subsidiary of the INOXGFL Group, originally submitted its draft red herring prospectus confidentially in July 2025, with intentions to raise Rs 6,000 crore through the IPO. However, recent significant events, including multiple completed acquisitions and other major deals in progress, have prompted the company to reassess its draft. Industry sources indicate that these developments will significantly enhance its operational capabilities and expand its Independent Power Producer (IPP) portfolio, alongside growth in its solar manufacturing division.

The decision to withdraw the draft is primarily due to the necessity of reflecting these substantial changes in the IPO documents. According to insiders, the company has secured considerable commitments from private equity investors, including a notable global investor, which has facilitated the recent funding achievement.

In addition to the pre-IPO funding, Inox Clean Energy is also looking to raise additional capital through a private placement, with commitments from various investors. The company remains committed to its mission of manufacturing solar cells and modules, as well as developing hybrid power solutions.

As Inox Clean Energy prepares to refile its IPO papers, it aims to present a more comprehensive financial picture that encapsulates the growth and expansion resulting from its recent activities. This strategic move is likely to strengthen its position in the renewable energy sector as it continues to innovate and expand its offerings.