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IPO ·
NSE, BSE
EAAA India Alternatives Ltd
Closed
Alternative asset manager (Edelweiss group) running real-asset and private-credit funds for institutions, HNIs and family offices.
Issue details
Price band
₹1,585 – ₹1,665
Face value
₹5
Lot size
9 shares
Minimum investment
₹14,985
Issue size
₹1,200 Cr
Fresh issue
—
Offer for sale
₹1,200 Cr
Issue type
Book Built
Exchange
NSE, BSE
Key dates
Opens
26 Oct 2026
Closes
28 Oct 2026
UPI mandate cut-off
5:00 PM on 28 Oct 2026
Allotment
29 Oct 2026
Refunds
30 Oct 2026
Shares in demat
30 Oct 2026
Listing
2 Nov 2026
Subscription and listing
Subscription
5.51x
Listing price
Not listed yet
Registrar
MUFG Intime India Pvt Ltd
Lead manager
Axis Capital, Jefferies India, Motilal Oswal Investment Advisors, Nuvama Wealth Management
Subscription by category
QIB (Ex Anchor)
13.80x
NII
4.81x
bNII (> ₹10L)
6.21x
sNII (< ₹10L)
2.00x
Retail
1.08x
Total
5.51x
Total applications
1,14,988
Anchor investors
Amount raised
₹360.00 Cr
Bid date
23 Oct 2026
50% lock-in ends
28 Nov 2026
Rest lock-in ends
27 Jan 2027
Grey market premium
Latest GMP
₹37
Est. listing price
₹1702 (+2.2%)
Updated
30 Oct 2026
Unofficial grey market indication sourced via Chittorgarh. GMP is not regulated, can change quickly and is not a reliable guide to listing price. Not a recommendation.
Issue structure
Shares reserved per category and share of the total issue
QIB
36,03,602
50.00%
Anchor Investor
21,62,161
30.00%
QIB (Ex. Anchor)
14,41,441
20.00%
NII
10,81,082
15.00%
bNII > ₹10L
7,20,721
10.00%
sNII < ₹10L
3,60,361
5.00%
Retail
25,22,523
35.00%
Total
72,07,207
100.00%
Finaccle’s quick read
Avoid
The ₹1,200 Cr issue is 100% OFS, priced at 33.35x post-issue P/E and 10.17x book, even though FY26 income rose 23% and PAT 15%.
A rules-based screen of growth, margins, debt and valuation, built from the offer document and data on Chittorgarh.com. It is for information only and is not investment advice or a recommendation to buy or sell. Read the RHP and speak to a SEBI-registered adviser before you apply.
About the company
EAAA India Alternatives is an Edelweiss group alternative investment manager focused on India's real assets and private credit. It runs funds and investment solutions for institutions, HNIs, UHNIs and family offices, including infrastructure, commercial real estate and energy transition strategies. AUM stood at about ₹95,345 Cr at June 2026 with 277 employees.
Founded
Promoters
Products and segments
Promoter holding
Financial performance
Period
PAT
ROE
25.97%
ROCE
—
Debt / equity
0.41
PAT margin
27.52%
P/E post issue
33.35x
Market cap
₹10,765.10 Cr
Use of IPO money
Offer for sale only; company receives no proceeds
—
Strengths
✓
Large AUM of about ₹95,345 Cr in alternatives
✓
Steady growth: FY26 income up 23%, PAT up 15%
✓
High PAT margin of 27.52% and ROE near 26%
✓
Backed by the Edelweiss group with 17+ years in alternatives
Risks to watch
!
Entire ₹1,200 Cr issue is OFS by a promoter entity
!
Post-issue P/E of 33.35x and P/B of 10.17x look rich
!
Earnings tied to fundraising and asset-market cycles
!
Retail portion was subscribed only 1.08x at close
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Last updated:
Information is compiled from exchange notices and the company’s offer document. It is for general information only and is not investment advice or a recommendation to apply. Read the prospectus before investing.