What is the planned size and timeline of Avaada Electro's IPO, and who are the lead managers?

Avaada Electro Ltd. is planning an initial public offering in India that could raise as much as $800 million, with a public filing expected as early as this month; the company has appointed ICICI Securities Ltd., Axis Capital Ltd., HSBC Holdings Plc, IIFL Capital Services Ltd., and Bank of America Corp. as lead managers for the share sale.

What is Avaada Electro's current and planned solar manufacturing capacity, and what does it produce?

Avaada Electro manufactures high-efficiency solar photovoltaic cells and modules, currently operating 8.5 gigawatts of solar-cell manufacturing capacity across Nagpur and Dadri, and plans to add 5.1 gigawatts, bringing its total module capacity to 13.6 gigawatts.

Avaada Said to Plan $800 Million India IPO

Aug 23, 2026

Avaada Electro plans a $800 million IPO in India to fund expansion of its solar cell and module manufacturing capacity, joining other renewable energy firms seeking capital market access.

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2026-08-23

Avaada Said to Plan $800 Million India IPO

2026-09-24

Brookfield-backed Avaada Electro Starts Roadshows for $793 Million India IPO, Sources Say

Avaada Said to Plan $800 Million India IPO

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