Avaada Electro IPO - Date, Price Band & Details

Incorporated as the dedicated solar manufacturing arm of the Brookfield-backed Avaada Group, Avaada Electro Limited has rapidly emerged as a foundational pillar in India’s renewable energy landscape. Headquartered in Mumbai, the company specializes in the large-scale production of high-efficiency solar photovoltaic (PV) cells and next-generation modules. By bridging advanced technological innovation with indigenous assembly lines, the enterprise delivers robust clean-energy hardware tailored for utility-scale grids, commercial enterprises, and sustainable residential setups alike.

The operational backbone of Avaada Electro rests on its sophisticated manufacturing infrastructure, notably its flagship "Super Factory" located at the Butibori Industrial Park in Nagpur, Maharashtra. This facility stands out for producing cutting-edge, ultra-high-efficiency n-type TOPCon bifacial modules, positioning the company as one of the few domestic players capable of executing end-to-end solar manufacturing from wafer to finished cell. To meet skyrocketing green energy demands, the company is actively establishing a major integrated plant in Uttar Pradesh to scale its overall module footprint toward 13.6 GW.

With formal regulatory clearances from SEBI securely in place for its mainboard public listing on the NSE and BSE, Avaada Electro Limited is entering a crucial capital-expansion phase. The company remains committed to future-proofing India's energy transition, leveraging its robust institutional backing to build a climate-resilient, vertically integrated supply chain.