EAAA India Alternatives IPO Subscribed 0.13x on Day 2, GMP Stands at ₹15
- 27th October 2026
- 12:00 PM
- 4 min read
Summary
The ₹1,200 crore initial public offering (IPO) of EAAA India Alternatives was subscribed 0.13x by 10:42 am on October 27, the second day of bidding. Non-institutional investors subscribed 0.35x of their portion. The issue closes on October 28, and shares are tentatively set to list on BSE and the National Stock Exchange (NSE) on November 2.Mumbai | October 27, 2026
An IPO is the first sale of a company’s shares to the public. EAAA India Alternatives received bids for 0.13x the shares on offer by 10:42 am on Day 2. This means investors had bid for 13% of the available shares. The issue ended Day 1 at 0.12x.
How Much Has the EAAA India Alternatives IPO Been Subscribed So Far?
Investors bid for 0.13x of the 50,45,047 shares on offer by 10:42 am on October 27. Big non-institutional investors (NIIs), who bid above ₹10 lakh, led demand at 0.50x. Qualified institutional buyers (QIBs) subscribed 0.08x of their portion, while retail individual investors (RIIs) subscribed 0.06x.
| Category | Shares on offer | Day 1 (October 26) | Day 2 (October 27, 10:42 am) |
| QIBs | 14,41,443 | 0.08x | 0.08x |
| NIIs | 10,81,081 | 0.33x | 0.35x |
| NIIs, bids up to ₹10 lakh | 3,60,360 | 0.02x | 0.04x |
| NIIs, bids above ₹10 lakh | 7,20,721 | 0.49x | 0.50x |
| RIIs | 25,22,523 | 0.04x | 0.06x |
| Total | 50,45,047 | 0.12x | 0.13x |
What Is the EAAA India Alternatives IPO GMP Today?
The grey market premium (GMP) of EAAA India Alternatives stood at ₹15 on October 27. This is 0.90% above the upper price band of ₹1,665. Over the last five sessions, the GMP has moved between a low of ₹15 and a high of ₹121.
Grey market premium is an unofficial indicator based on unregulated trading activity and does not guarantee listing-day performance.
What Are the Key Details of the EAAA India Alternatives IPO?
The issue is entirely an offer for sale (OFS) of 72.07 lakh shares. In an OFS, existing shareholders sell their shares. Promoter entity Edelweiss Securities and Investments is the selling shareholder. The company will receive no proceeds, which go to the selling shareholder after offer-related expenses.
| Detail | Information |
| Issue size | ₹1,200 crore |
| Price band | ₹1,585 to ₹1,665 per share |
| Face value | ₹5 per share |
| Lot size | 9 shares |
| Minimum retail investment | ₹14,985 (9 shares at the upper price band) |
| Market capitalisation at upper price band | ₹10,765.10 crore |
| Issue dates | October 26 to October 28, 2026 |
| Allotment date (expected) | October 29, 2026 |
| Listing date (tentative) | November 2, 2026 |
| Book running lead managers | Axis Capital, Jefferies India, Motilal Oswal Investment Advisors, Nuvama Wealth Management |
| Registrar | MUFG Intime India Pvt Ltd |
Who Invested in the EAAA India Alternatives Anchor Book?
EAAA India Alternatives raised ₹360 crore from anchor investors on October 23 by allotting 21,62,161 shares. Anchor investors are large institutions allotted shares before an issue opens to the public. Mutual funds took 60.14% of the anchor book.
| Category | Amount | Share of anchor book |
| Mutual funds | ₹216.51 crore | 60.14% |
| Foreign portfolio investors (FPIs) | ₹77.99 crore | 21.66% |
| Alternative investment funds (AIFs) | ₹65.50 crore | 18.20% |
| Total | ₹360.00 crore | 100% |
The lock-in period ends on November 28, 2026, for 50% of anchor shares, and on January 27, 2027, for the remaining shares.
What Does EAAA India Alternatives Do?
EAAA India Alternatives, incorporated on May 14, 2008, is an alternative investment management platform focused on India’s real assets and private credit markets. It manages funds for domestic and global institutional investors, high-net-worth individuals (HNIs), ultra-high-net-worth individuals (UHNIs) and family offices.
Outlook
The EAAA India Alternatives IPO closes for subscription on October 28. Allotment is expected to be finalised on October 29. Shares are tentatively scheduled to list on BSE and NSE on November 2.
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