EAAA India Alternatives IPO Opens 26 October at ₹1,585 to ₹1,665 Price Band
- 22nd October 2026
- 05:00 PM
- 4 min read
Summary
EAAA India Alternatives, an Edelweiss Group company, will open its ₹1,200 crore initial public offering (IPO) on 26 October 2026. The issue is entirely an offer for sale (OFS) at a price band of ₹1,585 to ₹1,665 per share. Bidding closes on 28 October, and shares are expected to list on 2 November.Mumbai | 22 October 2026
EAAA India Alternatives manages long-term capital across alternative asset classes, with a focus on investments that generate income and yield for clients. Bidding for anchor investors opens on 23 October, ahead of the public issue.
The company’s IPO Committee approved the price band at a meeting on 20 October.
What Are the Key Details of the EAAA India Alternatives IPO?
The ₹1,200 crore issue is an OFS of 72.07 lakh shares by the Edelweiss Group. Investors can bid for a minimum of nine shares and in multiples of nine. Retail investors need at least ₹14,985 to apply for one lot at the upper price.
| Detail | Value |
| Price band | ₹1,585 to ₹1,665 per share |
| Face value | ₹5 per share |
| Lot size | 9 shares |
| Minimum retail investment | ₹14,985 |
| Maximum retail investment | ₹1,94,805 (117 shares) |
| Issue size | ₹1,200 crore (72,07,207 shares) |
| Market capitalisation at upper price | ₹10,765 crore |
| Market capitalisation at lower price | ₹10,248 crore |
| Book-running lead managers | Axis Capital, Jefferies India, Motilal Oswal and Nuvama Wealth |
| Registrar | MUFG Intime India Pvt Ltd |
The offer reserves 50% for qualified institutional buyers (QIBs), 15% for non-institutional investors (NIIs) and 35% for retail investors.
Who Receives the Money Raised in the IPO?
The entire amount raised will go to the selling shareholder, the Edelweiss Group. The company will receive no proceeds, and no new shares will be issued.
The issue size was reduced to ₹1,200 crore from ₹1,500 crore. The higher amount was proposed in the draft red herring prospectus (DRHP) filed with the Securities and Exchange Board of India (SEBI) in January 2026.
In March 2026, Edelweiss Financial Services completed the sale of a 4.4% stake in EAAA India Alternatives for ₹375 crore.
What Does EAAA India Alternatives Invest In?
Incorporated on 14 May 2008, the company runs two business verticals, Real Assets and Private Credit. It manages funds for domestic and global institutional investors, high-net-worth individuals (HNIs), ultra-high-net-worth individuals (UHNIs) and family offices.
- Real Assets: infrastructure assets in the energy and transport sectors, and commercial real estate.
- Private Credit: financing across different levels of risk.
As of 30 June 2026, its assets under management (AUM) stood at ₹9,53,448.78 million. Its portfolio included 10 active Real Assets funds, two of which are infrastructure investment trusts (InvITs), and 16 active Private Credit funds.
The company has offices in Mumbai, New Delhi, GIFT City and Singapore, and had 277 employees as of 30 June 2026.
How Has EAAA India Alternatives Performed Financially?
Revenue rose 23% and profit after tax (PAT) rose 15% in the financial year ended 31 March 2026, compared with the previous year. Total income reached ₹963.76 crore, and PAT stood at ₹265.20 crore. For the period ended 30 June 2026, total income was ₹336.13 crore and PAT was ₹80.71 crore.
| Period ended (₹ crore) | Total income | PAT | Net worth | Total borrowing |
| 30 June 2026 | 336.13 | 80.71 | 1,160.38 | 399.20 |
| 31 March 2026 | 963.76 | 265.20 | 1,075.54 | 441.03 |
| 31 March 2025 | 786.54 | 229.78 | 966.45 | 507.49 |
| 31 March 2024 | 584.25 | 175.16 | 729.48 | 444.83 |
Outlook
The tentative timetable for the issue is below.
| Event | Date |
| Anchor investor bidding | Friday, 23 October 2026 |
| IPO opens | Monday, 26 October 2026 |
| IPO closes | Wednesday, 28 October 2026 |
| Allotment (expected) | Thursday, 29 October 2026 |
| Refund | Friday, 30 October 2026 |
| Credit of shares | Friday, 30 October 2026 |
| Listing on BSE and National Stock Exchange of India (NSE) (expected) | Monday, 2 November 2026 |
Stay updated on Indian and global equity and commodity markets on PL Capital.
Disclaimer: Investments in securities market are subject to market risks, read all the related documents carefully before investing.
This is a knowledge-sharing initiative by PL Capital. The information provided is only for educational purposes and should not be considered as financial advice & has no influence on the investment/trading decisions of any investors.
For detailed disclaimers/disclosure and Mandatory terms and conditions please visit our website https://www.plindia.com/regulatory-content/
