Inox Green Energy Services Limited has opened a qualified institutions placement (QIP) of equity shares on September 24, 2026, with a face value of Rs 10 each. The company’s operations committee approved the opening of the issue and fixed the floor price at Rs 174.36 per equity share in accordance with the pricing formula prescribed under the Securities and Exchange Board of India regulations. The committee also approved and adopted the preliminary placement document and the application form for the issue.
Furthermore, the company may offer a discount of up to 5 per cent on the floor price, in accordance with the approval granted by its shareholders. The final issue price will be determined by Inox Green Energy in consultation with the appointed book-running lead manager.
In September 2025, Inox Green Energy Services signed agreements for the operation and maintenance of 189.1 MWp of operational solar projects across multiple regions. The agreements include 96.6 MWp of projects in Maharashtra with an unnamed global private equity-backed IPP and 92.5 MWp of projects in Gujarat and Madhya Pradesh with another unnamed IPP.
