Filing a Pre-filed DRHP does not guarantee that the company will launch the IPO.
According to media reports citing market sources, the INOXGFL Group company is expected to raise a minimum of ₹6,000 crore through its initial public offering and is potentially targeting a valuation of approximately ₹50,000 crore.
In its public announcement published in a business newspaper, Inox Clean Energy stated that it has submitted the pre-filled draft red herring prospectus to SEBI and the stock exchanges for the proposed listing of its equity shares on the mainboard.
Inox Clean Energy develops is one of the leading companies in terms of developing renewable energy projects and manufactures solar cells and modules. This all activities is going through it’s two subsidiaries Inox Neo Energies and Inox Solar.
