APAC IPOs & Placements, Aequitas Research

Kajal Jain

At Aequitas we cover all IPOs and placements across Asia-Pac with a deal size of at least US$100m. As of Dec 2020, our team had covered 539 IPOs with a hit rate of 73.5% and 685 placements with a hit rate of 66.8%.

APAC IPOs & Placements

Aequitas: Avaada Electro Pre-IPO - Offtake Visibility but Concentration and Leverage Risks Remain

IPOs and Placements coverage across Asia Pacific

Aequitas Research

We cover all listing across the Asia Pacific along with follow-up placements. As of Dec 2020, our team had covered 539 IPOs with a hit rate of 73.5% and 685 placements with a hit rate of 66.8%.

We combine fundamental bottom-up views with our proprietary quantitative framework to provide a holistic coverage across new listings and placements. Our coverage includes pre-IPO notes before the deal is launched, follow-up analysis once the deal is live and post-listing trading analysis as well.

Equity Capital Markets

Avaada Electro Limited / Equity Capital Markets

<ul>
<li>
<a href="https://www.smartkarma.com/entities/avaada-electro-limited" target="_blank" data-smartkarma-citation="entities:58612:1" rel="noopener">Avaada Electro Limited (2596819D IN)</a>  (AEL) plans to raise around US$800m in its upcoming India IPO. The deal will be run by HSBC, BofA, Axis, ICICI, IIFL and SBI Caps.</li>
<li>AEL operates in the renewable energy sector and specializes in production of  solar cells and solar modules.</li>
<li>As per CRISIL, AEL ranked among India’s top 10 vertically integrated solar PV manufacturers based on operational cell and module capacity as of July 31, 2026.</li>
</ul>



Avaada Electro Limited (2596819D IN)  (AEL) plans to raise around US$800m in its upcoming India IPO. The deal will be run by HSBC, BofA, Axis, ICICI, IIFL and SBI Caps.
AEL operates in the renewable energy sector and specializes in production of  solar cells and solar modules.
As per CRISIL, AEL ranked among India’s top 10 vertically integrated solar PV manufacturers based on operational cell and module capacity as of July 31, 2026.


Aequitas: Avaada Electro Limited Pre-IPO Tearsheet