Avaada Electro IPO

About Avaada Electro IPO

Avaada Electro, the wholly owned subsidiary of Avaada Group, has filed papers with the market regulator Sebi through the confidential route to raise funds via an IPO. According to reports, the IPO could be in the range of ₹ 9,000 to ₹10,000 crores.

Avaada Electro is one of India's leading producers of N-Type TOPCon solar PV (photo-voltaic) modules. Its operational solar module production capacity is 8.5GW. It's expected that the company will add another 5.1 GW of capacity by fiscal 2027.

Objectives of Avaada Electro IPO

The company is likely to use the IPO proceeds to develop an additional 5.1 GW solar module manufacturing facility in UP. The funds are also expected to scale up the capacity of its Butibori plant in Maharashtra.

Industry Outlook

India’s solar PV panel market size was pegged at USD 7.31 billion in 2023 and is expected to grow at a CAGR of 9.4% from 2024 to 2030. Several factors are likely to drive this growth, including the Jawaharlal Nehru National Solar Mission. Also, a shift towards renewable energy sources and the increasing adoption of solar power by businesses to achieve sustainability goals are expected to drive growth in solar PV panels.

Avaada Electro Company Information

Avaada Electro is one of India's premier solar technology companies, committed to revolutionising renewable energy through its highly efficient solar cells and modules. Backed by state-of-the-art manufacturing, it's driving a transition towards clean energy solutions.

Strengths of Avaada Electro

TBA

Risks of Avaada Electro

TBA

Anchor Investor Bidding Date

TBA

IPO Registrar and Book Running Lead Managers

• IPO Registrar: TBA
• Book Running Lead Managers: TBA

Avaada Electro Business Model

Avaada Electro is the manufacturer of high-efficiency solar PV modules. These are designed to ensure maximum energy yield and long-term reliability. The company's globally benchmarked products are geared toward grid-connected projects and support the transition to a net-zero future.

Avaada Electro Growth Trajectory

Avaada Electro’s strong financial position is an important factor for its IPO success. In 2025, the company’s credit ratings were reaffirmed — [ICRA]A- (Stable) for long-term loans and [ICRA]A2+ for short-term borrowings. It also received a “Crisil AA/Stable” rating for its long-term bank loans, showing steady revenue and low risk, thanks to its long-term power purchase agreements.

Avaada Electro Market Position

Avaada Group is one of India's premier renewable power generators. It has expanded into solar PV manufacturing, green hydrogen and derivatives such as green ammonia, green methanol, along with sustainable fuel and pumped hydro.

How to Check Allotment Status of Avaada Electro IPO?

1. Visit the Registrar’s Website

Visit the registrar's website and locate the link to check your allotment status. Choose the name of the company from ‘Select Company’ dropdown and enter either your PAN, application number, DP/Client ID, etc. Click on Submit to check the status.

2. Check on the National Stock Exchange Website

The National Stock Exchange (NSE) website has an IPO bid verification module. You can use it to check the allotment status of Avaada Electro IPO. Go to the NSE website and find the ‘Invest’ tab. Click on ‘Verify IPO Bids’ under ‘Resources & Tools’.

On the NSE IPO bid verification page, enter:

• Company name from the dropdown
• Application number
• PAN

Then click ‘Submit’ to know the allotment status.

3. Check on BSE Website

The Bombay Stock Exchange (BSE) also has an IPO allotment status page. Go to the BSE website and find the ‘Investors’ tab. Under ‘Investors’, click on ‘IPO’. This will take you to the IPO allotment status page. On the BSE IPO page, follow these steps:

• Select ‘Equity’ from the dropdown menu
  
• Choose ‘Avaada Electro’ in the next dropdown
  
• Enter your application number
  
• Enter your PAN
  
• Click ‘Search’ to know allotment status
  

How to Apply for the Avaada Electro IPO?

To apply for this IPO:

• Log in to your Kotak Neo Demat account: Log in to your Demat account to access IPO investments. Next, select the current IPO section.
  
• Specify IPO details: Enter the number of lots and the price you wish to apply for.
  
• Enter UPI ID: After entering your UPI ID, click submit. This will place your bid with the exchange.
  
• Mandate Notification: Your UPI app will receive a mandate notification to block funds.
  
• Approve Request: Your funds will be blocked once you approve the mandate request on your UPI.