Avaada Electro Limited has filed a confidential pre-Draft Herring Red Prospectus with SEBI for approval for a initial public offering of equity shares.

Cyril Amarchand Mangaldas is advising Avaada Electro and its promoter selling shareholder Avaada Ventures Private Limited, with respect to this filing.

The transaction team is led by Manan Lahoty (Partner, Head - Capital Markets), Ravi Dubey (Partner, Regional Co-head, Capital Markets - West), Oishika Dasgupta (Partner), with support from Radhika Pandey (Principal Associate), Aniran Ghoshal (Principal Associate), Vartika Bhatnagar (Senior Associate), Associates Abishek Sankar, Anuj Gupta, Neha Sharma, Devansh Raheja, Eashaan Agarwal, Shivam Punjani and Sajal Soni.

Trilegal is advising the Book Running Lead Managers in relation to the proposed IPO.

The transaction team is led by Bhakta Patnaik (Partner) and Brajendu Bhaskar (Partner), with support from Malika Grewal (Counsel), Arsh Sinha (Senior Associate), and Associates Akanksha Goel, Snehal Kaushal, Adhish Mohanty and Shraddha S.

Linklaters is serving as the international legal counsel for the BRLMs.

Avaada Electro, the manufacturing arm of Avaada Group, specializes in advanced solar PV module & cell production. The Company has a 6.5 GW module line and a 6 GW cell line, delivering globally benchmarked solutions for utility-scale, commercial & residential projects.

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