New Delhi, October 20, 2025: Two prominent Indian companies—e-commerce platform Meesho and solar manufacturer Avaada Electro—are preparing to launch initial public offerings (IPOs) in late 2025, signaling significant developments in India’s digital and renewable energy landscapes.
Meesho’s ₹4,250 Crore IPO: A Milestone for E-commerce
Bengaluru-based Meesho has filed an updated Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI), aiming to raise ₹4,250 crore through a fresh issue of equity shares. The IPO also includes an offer for sale of up to 17.57 crore shares by existing shareholders, including Elevation Capital, Peak XV, and Venture Highway.
Meesho has emerged as India’s third-largest e-commerce platform, with a gross merchandise value (GMV) run rate of $6.2 billion for the fiscal year 2024–25. The company has significantly reduced its consolidated loss before exceptional items and tax to ₹1.08 billion for the fiscal year ending March 30, 2025, compared to a loss of ₹3.15 billion the previous year.
The IPO is expected to be one of the largest in India’s e-commerce sector and is slated for a public listing by December 2025.
Avaada Electro’s ₹10,000 Crore IPO: Powering India’s Renewable Future
Avaada Electro, a solar manufacturing company under the Brookfield-backed Avaada Group, has confidentially submitted a DRHP to SEBI, aiming to raise between ₹9,000 and ₹10,000 crore through its IPO. The company plans to use the proceeds to expand its solar cell and module manufacturing capacities, including the development of a 5.1 GW integrated facility in Uttar Pradesh and capacity scale-up at its Butibori plant in Maharashtra.
If successful, this IPO would be the largest fundraising by a solar photovoltaic (PV) module manufacturer in India, underscoring the growing investor confidence in the renewable energy sector.
Implications for Investors and the Indian Economy
The simultaneous IPOs of Meesho and Avaada Electro highlight the dynamic growth in India’s e-commerce and renewable energy sectors. For investors, these offerings present opportunities to participate in the expansion of digital commerce and sustainable energy. The successful listings could also enhance the depth and diversity of India’s capital markets, attracting both domestic and international investors.
As the IPOs approach, market participants will be closely monitoring the companies’ financial performances, regulatory approvals, and market conditions to assess the potential impact on the Indian economy and investment landscape.
In conclusion, the upcoming IPOs of Meesho and Avaada Electro are poised to be landmark events in India’s corporate sector, reflecting the country’s ongoing transformation into a hub for digital innovation and renewable energy development.
