Avaada Electro IPO

IPO Details

Financial Information

Key Performance Indicator

Information about company

Avaada Electro Private Limited was incorporated in the month of April 2021. It belongs to the renewable energy industry and deals with the manufacture of solar cells and solar photovoltaic (PV) modules. As of the day of the Updated Draft Red Herring Prospectus-I, it has 8.50 GW of operational manufacturing capacity for solar modules and 3.00 GW of operational manufacturing capacity for TOPCon solar cells, which makes it one of the top 10 manufacturers of vertically integrated solar PV in India according to the mentioned CRISIL Report.

The Company maintains manufacturing plants at Dadri, Uttar Pradesh and Nagpur, Maharashtra, that produce bifacial glass-to-glass N-type TOPCon solar modules.

As of March 31, 2026, the Company employs 1,659 full-time employees. It is well positioned to enter into the increasing solar PV market owing to its focus on advanced technology, scale, cost-efficient operations and vertical integration.

Objectives of IPO

• Funding prepayment, repayment and/ or payment obligations to our lenders towards certain borrowings, and acceptances pursuant to letters of credit availed by the Company, in part or full
• General corporate purposes

Disclaimer

All matter published here is purely for educational and information purposes only and under no circumstances should be used for making investment decisions.

We are not a SEBI Registered analyst. Readers must consult a qualified financial advisor prior to making any actual investment decisions, based on Information published on this application.

No financial information whatsoever published anywhere, within this application, should be considered as advice to buy or sell securities or invest in IPOs, or as a guide to doing so in any way whatsoever

Please read all Tearms and conditions , and agree to use the App

IPO Reservation