Avaada Electro Files IPO Papers To Raise ₹7,600 Crore; Plans ₹6,000 Crore OFS And ₹1,600 Crore Fresh Issue
Avaada Electro, a solar cell and module manufacturer, has filed its updated draft red herring prospectus with SEBI for an IPO of up to ₹7,600 crore. The proposed issue comprises a fresh share sale of ₹1,600 crore and an offer for sale of up to ₹6,000 crore by promoter Avaada Ventures. The company may also raise as much as ₹320 crore through a pre-IPO placement. If completed, the amount raised…
Avaada Electro Ltd, a solar manufacturing arm of the Brookfield-backed Avaada Group, has filed updated draft papers for its proposed ₹7,600-crore IPO. The IPO comprises a fresh issue of equity shares worth ₹1,600 crore and an offer for sale (OFS) of ₹6,000 crore by promoter Avaada Ventures Pvt Ltd. The company plans to expand its solar module capacity to 13.60 GW and solar cell capacity to 12 GW by FY28, creating an integrated manufacturing ecosystem.
The company's revenue from operations rose to ₹5,303.52 crore in FY26 from ₹911.62 crore in FY25, while profit after tax rose to ₹888.74 crore from ₹173 crore.
Brief written by urgent.news from Hindu BusinessLine's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
This story
This is one outlet's version. Read the fullest account.
- Avaada Electro files updated draft papers for ₹7,600-crore IPO thehindubusinessline.com
- Avaada Electro files updated draft papers with Sebi for Rs 7,600-cr IPO economictimes.indiatimes.com
