On April 15, shares of Inox Green Energy Services surged by an impressive 20%, marking a continuation of upward momentum for the second consecutive session. This price jump was driven by the news that Inox Clean Energy, a group company of Inox Green Energy, is preparing to file a draft paper for its upcoming ₹5,000 crore IPO via the Sebi’s confidential route.

Inox Green Energy’s Stock Performance
As of 2:30 pm on the same day, Inox Green Energy shares were trading at ₹138.82, reflecting a gain of 19.63%. The surge in the share price highlights investor optimism regarding the upcoming IPO of Inox Clean Energy, as well as the strong performance of the stock in recent times. Inox Green’s performance had earlier suffered a dip since its debut at ₹160.25 in January 2025, but it has since recovered, signaling investor confidence in the future.

The Economic Times reported that five major bankers — JM Financial, Motilal Oswal, Nuvama, IIFL Securities, and ICICI Securities — have been chosen to manage the upcoming IPO. If the deal is approved, Inox Clean Energy will become the fifth company from the $12 billion INOXGFL Group to list its shares on the Indian stock markets. This would continue the group’s trend of listing multiple companies, with Gujarat Fluorochemicals, Inox Wind, Inox Wind Energy (currently merging with Inox Wind), and Inox Green already on the stock exchange.

Inox Clean Energy’s Position in the Renewable Energy Sector
The Inox Clean Energy IPO is expected to be one of the largest in the private renewable energy space in India. The company operates across the solar manufacturing value chain and functions as an Independent Power Producer (IPP), playing a critical role in India’s renewable energy transition. Inox Clean Energy’s operations make it a key player in the solar energy sector, which continues to grow rapidly as India pushes towards sustainable energy solutions.

The Group’s Financial Growth
In the latest financial report for the quarter ending December, Inox Green Energy showcased a 1.95% increase in net sales on-year, totaling ₹61.13 crore. Additionally, the company experienced a sharp jump in net profit, rising from ₹1.50 crore a year ago to ₹4.11 crore. The EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) grew by 39.5%, reaching ₹28.46 crore. These figures highlight a strong growth trajectory for Inox Green, further boosting investor confidence in its stock.

The IPO’s Significance
Once the Inox Clean Energy IPO goes public, it is expected to drive substantial interest in the renewable energy sector. With Inox Green Energy listed in November 2022, its performance has been closely watched by investors, and the upcoming IPO of its group company is likely to add further momentum to its shares. This IPO also signals the continued interest in renewable energy solutions, a sector poised for long-term growth.

In the last few months, Inox Green Energy’s stock has seen an increase in value, which contrasts with its low of ₹160.25 in January 2025 and demonstrates that the market is recognizing the company’s potential. Despite earlier challenges in the stock market, the company's performance has improved, attracting investors once again.

Conclusion
The 20% surge in Inox Green Energy’s shares following the news of Inox Clean Energy’s IPO is a clear indication of the growing investor interest in the renewable energy sector, and it places the company in a favorable position ahead of its IPO filing. Investors are looking forward to the upcoming listing of Inox Clean Energy, which could become one of the largest IPOs in India’s private renewable energy space.

For further updates on this IPO and other market developments, make sure to follow the latest stock market news and watch the performance of Inox Green Energy closely.

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