The Securities and Exchange Board of India (Sebi) has given the green light for four companies to proceed with their Initial Public Offerings (IPOs), including Avaada Electro, Grand Housing, Sonaselection India, and Vishal Nirmiti. Among these, Avaada Electro, a solar manufacturing firm, is set to be the largest, aiming to raise between ₹9,000 crore and ₹10,000 crore. The funds will primarily be allocated for expanding its manufacturing capabilities, including a 5.1 GW integrated solar facility in Uttar Pradesh. This IPO could value Avaada Electro between ₹1.1 lakh crore and ₹1.3 lakh crore, marking it as a significant player in India’s renewable energy sector. Meanwhile, Grand Housing, based in Chennai, will conduct its IPO entirely through an offer-for-sale of 3.55 crore shares, focusing on plotted developments in Tamil Nadu. Sonaselection India, a textile company, plans a fresh issue of 1.43 crore equity shares to reduce debt and enhance operational capacity. Lastly, Vishal Nirmiti, an infrastructure firm, will raise ₹125 crore through a combination of fresh issuance and an offer-for-sale, focusing on civil engineering and construction projects.