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Avaada to raise ₹10,000 cr via IPO, makes confidential filing

Mint Kolkata

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October 20, 2025

Avaada Electro, the solar module and cell manufacturing arm of Avaada Group, backed by Thailand’s PTT Group and Brookfield, has sought to raise ₹10,000 crore from an initial public offering (IPO), said two people aware of the development.

- Rituraj Baruah & Utpal Bhaskar

Avaada to raise ₹10,000 cr via IPO, makes confidential filing

The company has submitted a draft prospectus for the offer through a confidential filing. It aims to use the capital for expansion.

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