Avaada Electro, the solar manufacturing arm of the Brookfield-backed Avaada Group, has filed confidential draft papers with SEBI to raise ₹9,000-₹10,000 crore via IPO. Reportedly, the IPO is likely to be a combination of fresh shares and an offer-for-sale by existing shareholders. With this, the company expects its valuation to be in range of ₹1.10 lakh to ₹1.3 lakh crore.