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IPO Open

Mon, Oct 26, 2026

IPO Close

Wed, Oct 28, 2026

Price Band

₹1585 to ₹1665

Market Cap*

₹10,765.10 Cr * on Upper Price

IPO Details

  • IPO Date
    26 to 28 Oct, 2026
  • Listing Date
    Mon, Nov 2, 2026(T)
  • Face Value
    ₹5 per share
  • Price Band
    ₹1585 to ₹1665
  • Lot Size
    9 Shares
  • Sale Type
    OFS only
  • Issue Type
    Bookbuilding IPO
  • Listing At
    BSE, NSE
  • Total Issue Size
    72,07,207 shares (agg. up to ₹1,200 Cr)
  • Offer for Sale
    72,07,207 shares (agg. up to ₹1,200 Cr)
  • Share Holding Pre Issue
    6,46,55,246 shares
  • Share Holding Post Issue
    6,46,55,246 shares

IPO Timetable (Tentative)

  • IPO Open
    Mon, Oct 26, 2026
  • Allotment
    Thu, Oct 29, 2026
  • Credit of Shares
    Fri, Oct 30, 2026
  • IPO Close
    Wed, Oct 28, 2026
  • Refund
    Fri, Oct 30, 2026
  • Listing
    Mon, Nov 2, 2026

Issue Reservation

Investor Category Shares
QIB Not more than 50% of the Net Offer
Retail Not less than 35% of the Net Offer
NII Not less than 15% of the Net Offer

IPO Lot Size

Investors can bid for a minimum of 9 shares and in multiples thereof.

Application Lots Shares Amount
Retail (Min) 1 9 ₹14,985
Retail (Max) 13 117 ₹1,94,805
S-HNI (Min) 14 126 ₹2,09,790
S-HNI (Max) 66 594 ₹9,89,010
B-HNI (Min) 67 603 ₹10,03,995

About EAAA India Alternatives Ltd.

Incorporated on May 14, 2008, EAAA India Alternatives Limited is an alternative investment management platform focused on India’s real assets and private credit markets. It manages investment funds and provides alternative investment solutions to domestic and global institutional investors, high-net-worth individuals (“HNIs”), ultra-high-net-worth individuals (“UHNIs”) and family offices.The Company operates primarily through two business verticals: Real Assets and Private Credit, along with portfolio management services and other investment solutions. Its Real Assets vertical invests in infrastructure, commercial real estate, perpetual capital and energy transition opportunities through equity, quasi-equity and debt instruments. Its Private Credit vertical provides financing solutions across performing credit, special situations, real estate credit and investment-grade credit. The Company also offers co-investment opportunities through portfolio management services.

As of June 30, 2026, the Company managed assets under management (“AUM”) of ₹953,448.78 million and fee-paying assets under management (“FPAUM”) of ₹486,231.76 million. Its portfolio comprised 10 active Real Assets funds, including two Infrastructure Investment Trusts (“InvITs”), and 16 active Private Credit funds. The Company is supported by its wholly owned subsidiary, Sekura India Management Limited, which provides asset operating and management capabilities, including operations, maintenance, monitoring and efficiency improvement.

The Company has a diversified client base and a technology-enabled investment platform supported by dedicated investment, asset management, coverage and enterprise teams.

As of June 30, 2026, it had 277 employees across investment, asset operating and management, coverage, enterprise, legal and compliance, and other functions.

Competitive Strengths

  • Established Market Presence: Over 17 years of experience in alternative investment management.
  • Diversified Investment Platform: Presence across real assets, private credit and portfolio management services.
  • Strong Assets Under Management: Managed AUM of ₹953,448.78 million as of June 30, 2026.
  • Diversified Client Base: Long-standing relationships with institutional and non-institutional investors across multiple geographies.
  • Technology-Enabled Operations: Dedicated asset operating and management platform through Sekura India Management Limited.
  • Comprehensive Risk Management: Structured investment assessment, portfolio monitoring and risk management systems.
  • Experienced Management Team: Led by professionals with extensive asset management, investment and risk management experience.

Company Financials (Restated Consolidated)

EAAA India Alternatives Ltd.’s revenue increased by 23% and profit after tax (PAT) rose by 15% between the financial year ending with March 31, 2026 and March 31, 2025.     (Amount in ₹ Crore)

Period Ended 30 Jun 2026 31 Mar 2026 31 Mar 2025 31 Mar 2024
Assets 2,101.84 2,170.28 2,085.07 1,769.66
Total Income 336.13 963.76 786.54 584.25
Profit After Tax 80.71 265.20 229.78 175.16
NET Worth 1,160.38 1,075.54 966.45 729.48
Reserves and Surplus 1,128.24 1,043.40 934.31 480.64
Total Borrowing 399.20 441.03 507.49 444.83

Recently Listed IPOs in Asset Management Company

Company Issue Type Issue Size Issue Price PE Ratio Listing Day Close Listing Gain/Loss % LTP
Gaja Alternative Asset Management Ltd. Mainboard ₹550.00 Cr ₹160 22.04 ₹168.67 +5.42% ₹134.36
SBI Funds Management Ltd. Mainboard ₹9,795.32 Cr ₹574 38.12 ₹609.75 +6.23% ₹496.35
ICICI Prudential Asset Management Co.Ltd. Mainboard ₹10,602.65 Cr ₹2165 40.37 ₹2,585.90 +19.44% ₹2,775.50

IPO Objects of the Issue

The EAAA India Alternatives Ltd. IPO is a 100% Offer for Sale (OFS), so the company will not receive any funding and the entire IPO proceeds will go to the selling shareholders.

Key Performance Indicator (KPI)

KPI Jun 30, 2026 Mar 31, 2026
ROE 28.96% 25.97%
Debt/Equity 0.34 0.41
RoNW 28.96% 25.97%
PAT Margin 24.01% 27.52%
NAV 176.67 163.69
P/B (x) 10.17

IPO Valuation

Valuation Metric Pre IPO Post IPO
EPS (₹) 41.02 49.93
P/E (x) 40.59 33.35
Market Cap at Offer Price ₹10,765.10 Cr. ₹10,765.10 Cr.
  • The value will be calculated using Equity Dilution = Share Holding Pre Issue – Share Holding Post Issue
  • The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2026 available in RHP.
  • The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of June 30, 2026 available in RHP.

Shareholding Structure

Category Pre IPO Post IPO
Promoter and Promoter Group 95.03% 83.88%
Public 4.97% 16.12%
Total 100% 100%

Company Promoters: Edelweiss Financial Services Ltd., Edelweiss Securities & Investments Pvt.Ltd., Edel Finance Co.Ltd. and Edelweiss Global Wealth Management Ltd.axi.

Offer For Sale – Selling Shareholder

Name Category No. of Shares Offered Amount (₹ cr.)
Edelweiss Securities & Investments Pvt.Ltd. Promoter 72,07,207 1,200.00
Total 72,07,207 1,200.00

EAAA India Alternatives IPO Recommendations

Review By Subscribe May Apply Neutral Avoid
Brokers 0 0 0 0
Members 0 0 0 0

IPO Registrar

MUFG Intime India Pvt.Ltd.

IPO Lead Manager(s)

  1. Axis Capital Ltd.
  2. Jefferies India Pvt.Ltd.
  3. Motilal Oswal Investment Advisors Ltd.
  4. Nuvama Wealth Management Ltd.

Lead Manager Reports

  • Lead Manager Performance Summary
  • Lead Manager Performance Tracker

Contact Details

EAAA India Alternatives Ltd. Address
Edelweiss House, Off C.S.T Road
Mumbai City
Kalina
Mumbai, Maharashtra, 400098

IPO FAQs

EAAA India Alternatives IPO is a main-board IPO of 72,07,207 equity shares of the face value of ₹5 aggregating up to ₹1,200 Crores. The issue is priced at ₹1585 to ₹1665. The minimum order quantity is 9.

The IPO opens on Mon, Oct 26, 2026, and closes on Wed, Oct 28, 2026.

MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

Angel One customers can apply online in EAAA India Alternatives IPO using UPI as a payment gateway. Angel One customers can apply in EAAA India Alternatives IPO by login into Angel One Console (back office) and submitting an IPO application form.

Steps to apply in EAAA India Alternatives IPO through Angel One

Visit the Angel One website and login to Console.
Go to Portfolio and click the IPOs link.
Go to the ‘EAAA India Alternatives IPO’ row and click the ‘Bid’ button.
Enter your UPI ID, Quantity, and Price.
Submit IPO application form.
Visit the UPI App (net banking or BHIM) to approve the mandate.
Visit Angel One IPO Application Process Review for more detail.

The EAAA India Alternatives IPO opens on Mon, Oct 26, 2026 and closes on Wed, Oct 28, 2026.

EAAA India Alternatives IPO lot size is 9, and the minimum amount required for application is ₹14,985.

You can apply in EAAA India Alternatives IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don’t offer banking services. Read more detail about applying IPO online through Angel One, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.

The finalization of Basis of Allotment for EAAA India Alternatives IPO will be done on Thursday, October 29, 2026, and the allotted shares will be credited to your demat account by Fri, Oct 30, 2026. Check the EAAA India Alternatives IPO allotment status.

The EAAA India Alternatives IPO listing date is not yet announced. The tentative date of listing is Mon, Nov 2, 2026.

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