EAAA India Alternatives IPO
Updated 20 Oct 2026, 6:50 pm.
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.
- Allotment finalised29 Oct 2026(upcoming)
- Refunds start30 Oct 2026(upcoming)
- Shares credited to demat30 Oct 2026(upcoming)
- Listing2 Nov 2026(upcoming)
GMP history
Each point is a recorded observation from the scheduled data sync.
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.
Offer documents & links
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 Date | 26 to 28 Oct, 2026 |
|---|---|
| Listing Date | Mon, Nov 2, 2026 (tentative) |
| Face Value | ₹ 5 per share |
| Price Band | — |
| Sale Type | OFS only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, 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 Issue | 6,46,55,246 shares |
| Share Holding Post Issue | 6,46,55,246 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 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 |
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
Profit After Tax
NET Worth
| 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 |
| 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
| 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)
ROE
PAT Margin
| KPI | Sep 30, 2025 | Mar 31, 2025 |
|---|---|---|
| ROE | 25.09% | 27.10% |
| Debt/Equity | 0.50 | 0.53 |
| RoNW | — | 27.30% |
| PAT Margin | 27.36% | 29.21% |
| NAV | 159.08 | 113.48 |
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%
| Category | Pre IPO | Post IPO |
|---|---|---|
| Promoter and Promoter Group | 95.03% | 95.03% |
| Public | 4.97% | 4.97% |
| 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 | Estimated Amount (₹ cr.) |
|---|---|---|
| Edelweiss Securities & Investments Pvt.Ltd. | Promoter | 1,200.00 |
| 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 By | Subscribe | May Apply | Neutral | Avoid |
|---|---|---|---|---|
| Brokers | 0 | 0 | 0 | 0 |
| Members | 0 | 0 | 0 | 0 |
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
EAAA India Alternatives IPO in the news
Recent coverage in the financial press. Headlines are the publishers' own; verify details with the RHP.
EAAA Alts exits two-and-a-half-year-old bet on real estate firm
VCCircle · 12 Oct 2026
EAAA, the alternatives arm of Edelweiss, scales private equity strategy to ~ INR 2,500 crore
Investment Guru India · 17 Sept 2026
Subahoo Chordia's ends tenure as Co-CEO at EAAA Alternatives after nearly 19 years
Moneycontrol.com · 10 Sept 2026
EAAA India Alternatives: common questions
Answered from this issue's own record.