27 Oct 2025

"Avaada Electro Files for IPO with Legal Support from Leading Firms"

"Avaada Electro Limited has submitted a confidential pre-Draft Herring Red Prospectus to SEBI for approval of its initial public offering (IPO) of equity shares. The company, which specializes in advanced solar PV module and cell production, is advised by Cyril Amarchand Mangaldas, while Trilegal is advising the Book Running Lead Managers, and Linklaters is serving as international legal counsel. Avaada Electro has a significant production capacity with a 6.5 GW module line and a 6 GW cell line, catering to various project scales globally."

In a recent transaction, law firms Cyril Amarchand Mangaldas, Trilegal, and Linklaters participated in advising on Avaada Electro Limited's proposed initial public offering (IPO). Cyril Amarchand Mangaldas represented Avaada Electro and its promoter, Avaada Ventures Private Limited, while Trilegal advised the Book Running Lead Managers (BRLMs) for the IPO, and Linklaters served as the international legal counsel for the BRLMs. Avaada Electro Limited has filed a confidential pre-Draft Herring Red Prospectus with the Securities and Exchange Board of India (SEBI) for approval of its IPO of equity shares. The company, a part of the Avaada Group, specializes in advanced solar photovoltaic (PV) module and cell production, boasting a 6.5 GW module line and a 6 GW cell line, providing solutions for utility-scale, commercial, and residential projects. The transaction team from Cyril Amarchand Mangaldas included: - Manan Lahoty (Partner, Head - Capital Markets) - Ravi Dubey (Partner, Regional Co-head, Capital Markets - West) - Oishika Dasgupta (Partner) - 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. The team from Trilegal comprised: - Bhakta Patnaik (Partner) - Brajendu Bhaskar (Partner) - Malika Grewal (Counsel) - Arsh Sinha (Senior Associate) - Associates: Akanksha Goel, Snehal Kaushal, Adhish Mohanty, and Shraddha S. Linklaters provided international legal counsel, although specific team members were not mentioned in the press release.
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