Avaada Electro Ltd.
NSE & BSETBA
TBA
1 Shares
TBA
₹5
Financial Summary
| Particulars | FY 2025-26 | FY 2024-25 |
|---|---|---|
| 53,035.24 | 9,116.15 | |
| 1,121.06 | 214.72 | |
| 54,156.3 | 9,330.87 | |
| 40,446.64 | 6,699.38 | |
| 11,938.09 | 2,316.41 | |
| 8,887.36 | 1,733 |
Subscription Details
IPO Timeline
IPO Offer Start
TBA
IPO Offer Ends
TBA
TBA
Use of Proceeds
| # | Purpose | Amount (₹ Million) |
|---|---|---|
| 1 | Funding prepayment, repayment and/ or payment obligations | 12,000 |
Promoters
Book Running Lead Managers
Promoter Shareholding
Pre-IPO
100.00%
Promoter stake
About the Company
We are among the top 10 vertically integrated solar photovoltaic (“PV”) manufacturers (cell and equivalent modules) in India based on operational solar cell and module capacity as of July 31, 2026. (Source: CRISIL Report) We operate in the renewable energy sector and specialize in production of the solar cells and solar modules. We have 8.50 GW of operational solar module manufacturing capacity as of the date of this Updated Draft Red Herring Prospectus-I. Further, we have 3.00 GW of operational tunnel oxide passivated contact (“TOPCon”) solar cell manufacturing capacity and 3.00 GW of solar cell manufacturing capacity that is in advanced stage of commissioning and is proposed to be operational within quarter ended September 30, 2026. Among the top 10 largest solar PV manufacturers in India in terms of installed capacity as of March 31, 2026, we are the only solar PV module manufacturer to entirely adopt TOPCon technology for all our existing solar module manufacturing lines. (Source: CRISIL Report) Our 23.61% efficiency bifacial glass-to-glass N-type TOPCon solar modules represent one of the highest commercially listed solar module efficiencies in India as of March 31, 2026, aligned with global benchmarks. (Source: CRISIL Report) Globally, solar developers are increasingly adopting TOPCon technology in solar cells due to its higher efficiency, lower cost and improved performance compared with older technologies such as monocrystalline passivated emitter and rear cell (“PERC”) technology and TOPCon is expected to become the dominant solar cell technology in the medium to long term. (Source: CRISIL Report) Furthermore, our upcoming solar cell manufacturing lines will also be entirely based on advanced N-type TOPCon technology to deliver higher power density and improved reliability.
Use of Proceeds
1.Funding prepayment, repayment and/ or payment obligations to our lenders towards certain borrowings, and acceptances pursuant to letters of credit availed by our Company, in part or full; and 2.General corporate purposes.
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IPO FAQs
The for the Avaada Electro Ltd. IPO is 1 shares, which is also the minimum order quantity — you have to apply for at least 1 shares, and in multiples of 1 beyond that.
MUFG Intime India Pvt Ltd. is the for the Avaada Electro Ltd. IPO.
The registrar processes the , refunds and the credit of shares to your demat account, so allotment-status queries go to them — phone +91 810 811 8484 and email rnt.helpdesk@in.mpms.mufg.com.
Avaada Electro Ltd. IPO shares are proposed to be listed on BSE and NSE.
Each Avaada Electro Ltd. share has a of ₹5.
Face value is the nominal value recorded in the company's books and is separate from the issue price you pay.
held 100.00% of Avaada Electro Ltd. before the IPO.
- 1.Funding prepayment, repayment and/ or payment obligations to our lenders towards certain borrowings, and acceptances pursuant to letters of credit availed by our Company, in part or full
- 2.General corporate purposes
ICICI Securities Ltd, Axis Capital Ltd., BofA Securities India Ltd., HSBC Securities and Capital Markets (India) Pvt Ltd., SBI Capital Markets Ltd and IIFL Capital Services Ltd. are the for the Avaada Electro Ltd. IPO.
Pre-apply means placing your Avaada Electro Ltd. application before the subscription window actually opens. The bid is held and forwarded to the exchange on the opening day, so you don't have to submit it in the rush of the first morning.
Applying early doesn't improve your chances — when an issue is oversubscribed, the for investors is decided by a lottery, not by who applied first. Your money is only blocked once the application reaches the exchange.
You can apply in the Avaada Electro Ltd. IPO online using either UPI or ASBA as the payment method. ASBA applications are made through the net banking of a bank account that supports IPO applications — the bank blocks the amount in your account instead of debiting it. UPI applications are offered by brokers that don't provide banking services: you enter your UPI ID and then approve the mandate request in your UPI app.
Either route needs a demat account. You bid for at least one lot, at a price within the or at the cut-off price, and the money stays blocked in your bank account until the is finalised.
Your broker or bank confirms the bid once it has been submitted to the exchange, usually within a few minutes during the bidding window. A UPI application only goes live after you approve the mandate request — ignore it and the bid lapses, even though it looks placed.
You can check the Avaada Electro Ltd. bid independently on the NSE or BSE IPO bid-verification page a day after applying. An ASBA application also shows up as a blocked amount in your bank statement.