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    EAAA India Alternatives IPO

    Updated 20 Oct 2026, 6:50 pm.

    Open Demat Account
    GMP disclaimer: GMP is unofficial and unregulated. It is not a recommendation or a reliable estimate of listing price or returns. Consider the RHP and your own risk assessment before applying.

    Minimum investment

    Not yet published

    Price band

    TBA

    Latest GMP

    Not yet quoted

    Est. listing price

    —

    Issue size

    ₹1,200 Cr

    Allotment status

    Allotment is due on 29 Oct 2026. Check it on the registrar's page or either exchange with your PAN or application number.

    1. Allotment finalised29 Oct 2026(upcoming)
    2. Refunds start30 Oct 2026(upcoming)
    3. Shares credited to demat30 Oct 2026(upcoming)
    4. Listing2 Nov 2026(upcoming)

    GMP history

    Each point is a recorded observation from the scheduled data sync.

    GMP history will appear after the scheduled sync records observations.

    GMP is an unofficial, unregulated grey-market estimate — not a prediction of listing performance.

    Issue details

    Board
    Mainboard
    Price band
    TBA
    Issue size
    ₹1,200 Cr
    Lot size
    Not disclosed
    Opens
    26 Oct 2026
    Closes
    28 Oct 2026
    Allotment
    29 Oct 2026
    Listing
    2 Nov 2026
    Est. listing price
    —
    Listing price
    Awaited
    Listing gain
    Awaited
    Registrar
    MUFG Intime India Pvt.Ltd.
    Face value
    ₹5 per share
    Issue type
    Bookbuilding IPO
    Sale type
    OFS only
    Offer for sale
    ₹1,200 Cr
    Listing at
    BSE, NSE
    Refunds
    30 Oct 2026
    Shares credited
    30 Oct 2026
    Promoter holding
    95.03% before · 95.03% after
    Lead managers
    Axis Capital Ltd., Jefferies India Pvt.Ltd., Motilal Oswal Investment Advisors Ltd., Nuvama Wealth Management Ltd.

    Full issue details

    Details as published for this issue, read 20 Oct 2026, 9:05 am. Verify against the RHP before applying.

    IPO Details

    IPO Date26 to 28 Oct, 2026
    Listing DateMon, Nov 2, 2026 (tentative)
    Face Value₹ 5 per share
    Price Band—
    Sale TypeOFS only
    Issue TypeBookbuilding IPO
    Listing AtBSE, NSE
    Total Issue Size[.] shares (agg. up to ₹ 1,200 Cr)
    Offer for Sale[.] shares of ₹ 5 (agg. up to ₹ 1,200 Cr)
    Share Holding Pre Issue6,46,55,246 shares
    Share Holding Post Issue6,46,55,246 shares

    IPO Timetable (Tentative)

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

    Issue Reservation

    Investor CategoryShares
    QIBNot more than 50% of the Net Offer
    RetailNot less than 35% of the Net Offer
    NIINot less than 15% of the Net Offer

    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)

    Total Income

    31 Mar 2024584.25
    31 Mar 2025786.54
    31 Mar 2026963.76
    30 Jun 2026part period336.13

    Profit After Tax

    31 Mar 2024175.16
    31 Mar 2025229.78
    31 Mar 2026265.20
    30 Jun 2026part period80.71

    NET Worth

    31 Mar 2024729.48
    31 Mar 2025966.45
    31 Mar 20261,075.54
    30 Jun 2026part period1,160.38
    Company Financials (Restated Consolidated): Each line is scaled to its own largest period, ₹ crore - compare periods within a line, not one line against another. The muted bar is a part period, not a full year - it is shorter, not smaller. Figures as published in the table below.
    Period Ended30 Jun 202631 Mar 202631 Mar 202531 Mar 2024
    Assets2,101.842,170.282,085.071,769.66
    Total Income336.13963.76786.54584.25
    Profit After Tax80.71265.20229.78175.16
    NET Worth1,160.381,075.54966.45729.48
    Reserves and Surplus1,128.241,043.40934.31480.64
    Total Borrowing399.20441.03507.49444.83
    Amount in ₹ Crore

    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.

    Recently Listed IPOs in Asset Management Company

    CompanyIssue TypeIssue SizeIssue PricePE RatioListing Day CloseListing Gain/Loss %LTP
    Gaja Alternative Asset Management Ltd.Mainboard₹550.00 Cr₹16022.04₹168.67+5.42%₹134.36
    SBI Funds Management Ltd.Mainboard₹9,795.32 Cr₹57438.12₹609.75+6.23%₹496.35
    ICICI Prudential Asset Management Co.Ltd.Mainboard₹10,602.65 Cr₹216540.37₹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)

    ROE

    Mar 31, 202527.10%
    Sep 30, 2025part period25.09%

    PAT Margin

    Mar 31, 202529.21%
    Sep 30, 2025part period27.36%
    Key Performance Indicator (KPI): The percentage ratios only; the table's absolute figures stay in the table. The muted bar is a part period, not a full year - it is shorter, not smaller. Figures as published in the table below.
    KPISep 30, 2025Mar 31, 2025
    ROE25.09%27.10%
    Debt/Equity0.500.53
    RoNW—27.30%
    PAT Margin27.36%29.21%
    NAV159.08113.48

    Check IPO Peer Comparison here.

    Shareholding Structure

    Pre IPO

    • Promoter and Promoter Group95.03%
    • Public4.97%

    Post IPO

    • Promoter and Promoter Group95.03%
    • Public4.97%
    Shareholding Structure: Who holds the company before and after the issue. Figures as published in the table below.
    CategoryPre IPOPost IPO
    Promoter and Promoter Group95.03%95.03%
    Public4.97%4.97%
    Total100%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

    NameCategoryEstimated Amount (₹ cr.)
    Edelweiss Securities & Investments Pvt.Ltd.Promoter1,200.00
    Total—1,200.00

    *Estimated Amount (₹ cr.) shown until the actual number of shares offered in OFS is entered.

    EAAA India Alternatives IPO Recommendations

    Review BySubscribeMay ApplyNeutralAvoid
    Brokers0000
    Members0000

    IPO Registrar

    MUFG Intime India Pvt.Ltd.

    022-49186000

    eaaaindia.ipo@in.mpms.mufg.com

    IPO Lead Manager(s)

    Axis Capital Ltd.

    Jefferies India Pvt.Ltd.

    Motilal Oswal Investment Advisors Ltd.

    Nuvama Wealth Management Ltd.

    Contact Details

    EAAA India Alternatives Ltd. Address

    Edelweiss House, Off C.S.T Road

    Mumbai City

    Kalina

    Mumbai, Maharashtra , 400098

    2240194706

    ipo@eaaa.in

    FAQ

    EAAA India Alternatives: common questions

    Answered from this issue's own record.

    The issue opens on 26 Oct 2026 and closes on 28 Oct 2026, with listing expected on 2 Nov 2026.