EAAA INDIA ALTERNATIVES IPO
EAAA INDIA ALTERNATIVES is a MAINBOARD IPO with a current status of OPEN. The price band is 1,585 - 1,665. The issue opens on 26 OCT and closes on 28 OCT. The listing date is 02 NOV.
Price Band
1,585 - 1,665
Unofficial GMP
₹15
Lot Size
9 shares
Minimum Investment
₹14,985
EAAA INDIA ALTERNATIVES IPO GMP
The latest available GMP is ₹15. Grey Market Premium is unofficial, may change frequently and does not guarantee the listing price, listing gains or investment returns.
Estimated Listing Price
₹680.00
Estimated Gain
+2.3%
EAAA INDIA ALTERNATIVES IPO GMP History
0
22 OCT
0
23 OCT
67
24 OCT
46
25 OCT
38
26 OCT
15
27 OCT
EAAA INDIA ALTERNATIVES IPO Details
- IPO Type
- MAINBOARD
- Status
- OPEN
- Price Band
- 1,585 - 1,665
- Issue Size
- ₹1200.00 Cr
- Issue Type
- Book Build Issue
- Offer for Sale
- ₹1200.00 Cr
- Face Value
- 5 Per Equity Share
- Lot Size
- 9
- Minimum Investment
- 14,985
- Exchange
- BSE , NSE
- Registrar
- MUFG Intime India Pvt.Ltd.
- Lead Managers
- Motilal Oswal Investment Advisors...
EAAA INDIA ALTERNATIVES IPO Dates
- Open Date
- 26 OCT
- Close Date
- 28 OCT
- Allotment Date
- 29 OCT
- Refund Date
- 30 OCT
- Demat Credit Date
- 30 OCT
- Listing Date
- 02 NOV
EAAA INDIA ALTERNATIVES IPO Subscription
- QIB
- --
- NII / HNI
- --
- Retail
- --
- Employee
- --
- Total Subscription
- --
EAAA INDIA ALTERNATIVES IPO Financials
Revenue
FY2026
₹870.00 Cr
+29.85% vs FY2025
PAT
FY2026
₹265.00 Cr
+15.22% vs FY2025
Total Assets
FY2026
₹2,170.00 Cr
+4.08% vs FY2025
| Particulars | FY2024 | FY2025 | FY2026 |
|---|---|---|---|
| Revenue | 493 | 670 | 870 |
| Net Profit | 175 | 230 | 265 |
| Total Assets | 1,770 | 2,085 | 2,170 |
EAAA INDIA ALTERNATIVES IPO Valuation
- Market Cap (Post IPO)
- ₹10765.10 Cr.
- EPS
- 41.02
- P/E Ratio
- 40.59
- ROE
- 28.96%
- RONW
- 28.96%
- Debt / Equity
- 0.34%
- PAT Margin
- 24.01%
EAAA INDIA ALTERNATIVES Peer Comparison
| Peer | Revenue | PAT | EPS | P/E | ROE | RONW | Debt / Equity |
|---|---|---|---|---|---|---|---|
| 360 ONE WAM Ltd. | -- | -- | 30.16 | 35.67x | -- | 14.39% | -- |
| ADITYA BIRLA SUN LIFE AMC Ltd. | -- | -- | 33.76 | 29.84x | -- | 25.10% | -- |
| ANAND RATHI WEALTH Ltd. | -- | -- | 47.87 | 90.69x | -- | 47.54% | -- |
EAAA INDIA ALTERNATIVES IPO Market Lot
| Category | Lots | Shares | Investment |
|---|---|---|---|
| Retail Minimum | 1 | 9 | ₹14,985 |
| Retail Maximum | 13 | 117 | ₹1,94,805 |
| Small HNI | 14 | 126 | ₹2,09,790 |
| Big HNI | 67 | 603 | ₹10,03,995 |
EAAA INDIA ALTERNATIVES IPO Reservation
- QIB
- 50%
- NII / HNI
- 15%
- Retail
- 35%
EAAA INDIA ALTERNATIVES Promoter Holding and Anchor Allocation
- Pre-IPO Promoter Holding
- 95.03%
- Post-IPO Promoter Holding
- 83.88%
EAAA INDIA ALTERNATIVES Company Overview
1. **Company Profile:** EAAA India Alternatives Limited is an alternative investment management platform associated with the Edelweiss Group. 2. **Incorporation:** The company was incorporated on 14 May 2008 and was formerly known as Edelweiss Alternative Asset Advisors Limited. 3. **Core Business:** The company manages alternative investment strategies focused primarily on real assets and private credit. 4. **Real Assets Business:** This segment invests in infrastructure, commercial real estate and energy-related assets through equity, quasi-equity and debt instruments. 5. **Private Credit Business:** This segment provides credit and flexible financing solutions by investing in debt and other credit-linked instruments. 6. **Investment Solutions:** The platform also offers portfolio management services and other investment solutions. 7. **Client Base:** Its clients include domestic and international institutional investors, high-net-worth individuals (HNIs), ultra-high-net-worth individuals (UHNIs) and family offices. 8. **Assets Under Management:** As of 30 June 2026, the company reported total assets under management (AUM) of approximately ₹95,344.88 crore. 9. **Fee-Paying Assets:** Fee-paying assets under management (FPAUM) stood at approximately ₹48,623.18 crore as of 30 June 2026. 10. **Fund Portfolio:** The company managed 10 active Real Assets funds, including two Infrastructure Investment Trusts (InvITs), and 16 active Private Credit funds. 11. **Subsidiary:** Sekura India Management Limited is a wholly owned subsidiary supporting its asset-management operations. 12. **Workforce:** The company reported 277 employees across investment, asset management, client coverage, legal, compliance and other functions. 13. **FY2025 Financial Performance:** Total income was approximately ₹786.5 crore, while profit after tax (PAT) was approximately ₹229.8 crore. 14. **FY2026 Financial Performance:** Total income increased to approximately ₹963.8 crore and PAT rose to approximately ₹265.2 crore. 15. **June 2026 Quarter:** For the quarter ended 30 June 2026, reported revenue was approximately ₹275.5 crore and PAT was approximately ₹80.7 crore. 16. **IPO Type:** The IPO is entirely an offer for sale (OFS) by Edelweiss Securities & Investments Private Limited. 17. **IPO Size:** Approximately ₹1,200 crore, comprising around 72.07 lakh equity shares. 18. **Price Band:** ₹1,585–₹1,665 per equity share, with a face value of ₹5 per share. 19. **IPO Dates:** The issue is scheduled to open on 26 October 2026 and close on 28 October 2026. The tentative listing date is 2 November 2026. 20. **Use of IPO Proceeds:** As this is an OFS, the company will not receive the IPO proceeds; the sale proceeds, before applicable offer expenses, will go to the selling shareholder.
EAAA INDIA ALTERNATIVES Business Model
1. **Alternative Asset Management:** Manages investment strategies outside conventional listed equity and fixed-income products. 2. **Real Assets Investment:** Invests in infrastructure, commercial real estate and energy-related opportunities. 3. **Infrastructure Investments:** Provides investment exposure to infrastructure assets through different financial instruments and fund structures. 4. **Commercial Real Estate:** Invests in or finances selected commercial real estate opportunities through its real-assets strategies. 5. **Energy Assets:** Provides investment exposure to eligible energy-related assets as part of its real-assets portfolio. 6. **Private Credit:** Offers structured credit and financing solutions to businesses through debt and other credit-linked investments. 7. **Flexible Financing:** Uses financing structures tailored to the requirements and risk profile of borrowers and investment opportunities. 8. **Fund Management:** Establishes and manages investment funds according to their mandates, investment strategies and governing documents. 9. **InvIT Management:** Its real-assets portfolio includes infrastructure investment trusts, which provide investors with a structured way to access infrastructure assets. 10. **Portfolio Management Services:** Offers portfolio-management solutions alongside its alternative investment fund activities. 11. **Institutional Investors:** Serves institutions seeking exposure to alternative investment strategies and asset classes. 12. **HNIs and UHNIs:** Caters to eligible high-net-worth and ultra-high-net-worth investors, subject to product eligibility and regulatory requirements. 13. **Family Offices:** Provides investment opportunities for family offices seeking portfolio diversification and alternative assets. 14. **Fee-Based Income:** Generates management-related fees from fee-paying assets, alongside other income recognised under its business model. 15. **Investment-Related Income:** Overall financial performance may also be influenced by investment gains or losses, performance-linked fees and the mix of funds managed. 16. **Long-Term Investment Focus:** Many real-asset investments require longer holding periods, active asset management and careful capital allocation. 17. **Credit Assessment:** Private-credit activities require borrower evaluation, assessment of repayment capacity, collateral and ongoing credit monitoring. 18. **Risk Management:** Investment selection, portfolio diversification, valuation, compliance and monitoring are central to the company's business model.
EAAA INDIA ALTERNATIVES Objects of the Issue
1. **Offer Type:** The IPO is structured entirely as an offer for sale. 2. **Selling Shareholder:** Edelweiss Securities & Investments Private Limited is offering approximately 72.07 lakh equity shares. 3. **Estimated Issue Size:** The offer is valued at approximately ₹1,200 crore at the announced price band. 4. **No Fresh Issue:** The IPO does not include a fresh issue of shares by EAAA India Alternatives Limited. 5. **No Direct Capital Infusion:** The company will not receive proceeds from the sale of shares under the OFS. 6. **Proceeds to Selling Shareholder:** The net proceeds attributable to the sale, after applicable offer expenses, will accrue to the selling shareholder. 7. **Shareholder Liquidity:** The OFS enables the selling shareholder to monetise part of its shareholding through the public market. 8. **Public Shareholding:** The offering is intended to facilitate the company's entry into the listed equity market and broaden public share ownership. 9. **Listing on Exchanges:** The equity shares are proposed to be listed on BSE and NSE, subject to the final offer documents and exchange approvals. 10. **Investor Consideration:** Since the issue does not raise fresh funds for the company, investors should evaluate its existing financial position, profitability, AUM growth and valuation rather than expect IPO proceeds to fund expansion.
EAAA INDIA ALTERNATIVES Strengths
1. **Established Operating History:** The company has operated in the alternative investment-management sector since 2008. 2. **Edelweiss Group Association:** Its association with the Edelweiss Group provides an established financial-services background. 3. **Diversified Investment Strategies:** The company operates across real assets and private credit rather than relying on a single alternative investment category. 4. **Large AUM Base:** Total AUM of approximately ₹95,344.88 crore as of June 2026 provides scale to its asset-management platform. 5. **Fee-Paying Assets:** FPAUM of approximately ₹48,623.18 crore provides a meaningful base for recurring management-related income. 6. **Growth in Total Income:** Total income increased from approximately ₹786.5 crore in FY2025 to ₹963.8 crore in FY2026. 7. **Profitability:** PAT increased from approximately ₹229.8 crore in FY2025 to ₹265.2 crore in FY2026. 8. **Multiple Funds:** The company reported 10 active Real Assets funds and 16 active Private Credit funds, giving it exposure to multiple investment mandates. 9. **Infrastructure Exposure:** Investments linked to infrastructure may benefit from long-term demand for transport, utilities and other essential assets. 10. **Private Credit Opportunity:** Private credit can offer borrowers financing alternatives and provide investors with exposure to credit strategies beyond traditional lending channels. 11. **Institutional Client Base:** Relationships with institutional investors and family offices may support fundraising and long-term capital commitments. 12. **Portfolio Management Capabilities:** Its range of investment services may allow the company to serve different investor requirements, subject to eligibility. 13. **Specialised Expertise:** Alternative asset management requires specialised investment selection, structuring, valuation and portfolio-monitoring capabilities. 14. **Potential for AUM Growth:** Successful fundraising, investment performance and client retention could increase fee-paying assets over time. 15. **Public-Market Visibility:** Listing may improve visibility, reporting transparency and access to a broader investor base.
EAAA INDIA ALTERNATIVES Risks
1. **Market Risk:** Changes in interest rates, economic conditions, property markets and asset valuations may adversely affect investment performance. 2. **Private-Credit Risk:** Borrowers may delay payments, default or undergo financial distress, resulting in losses for credit funds. 3. **Real-Estate Exposure:** Weak commercial property demand, lower occupancy, rental pressure or declining property values may affect real-assets investments. 4. **Infrastructure Risk:** Infrastructure assets may face construction delays, regulatory changes, cost overruns, lower-than-expected utilisation or operating challenges. 5. **Energy-Sector Risk:** Changes in energy prices, policies, technology and project economics may affect the value of energy-related investments. 6. **AUM and Fundraising Risk:** Fee income may be affected if investors withdraw eligible capital, fundraising slows or existing funds reach the end of their investment or management periods. 7. **Fee-Paying AUM Risk:** Total AUM does not necessarily generate management fees at the same rate. Changes in FPAUM, fee structures or fund mandates may affect revenue. 8. **Investment Performance Risk:** Weak fund performance can reduce investor confidence, make future fundraising more difficult and potentially affect performance-linked income. 9. **Valuation Risk:** Alternative assets may be difficult to value because they are not continuously traded on public markets. Valuation assumptions may change over time. 10. **Concentration Risk:** Exposure to particular borrowers, assets, sectors, geographies or investment funds may increase the impact of adverse developments. 11. **Liquidity Risk:** Real assets and private-credit investments may take time to sell or recover. Funds may be unable to exit investments at the expected price or time. 12. **Leverage Risk:** Borrowing or leveraged investment structures, where used, can amplify losses and increase sensitivity to interest rates and refinancing conditions. 13. **Regulatory Risk:** Changes in SEBI, RBI, tax, fund-structuring or other applicable regulations may increase compliance costs or affect business activities. 14. **Competition:** The company competes with domestic and international alternative asset managers, private-credit providers and other investment platforms for capital and investment opportunities. 15. **Key-Person Risk:** Investment decisions and client relationships may depend on experienced investment professionals. Departures could affect continuity and fundraising. 16. **Reputation Risk:** Investment losses, governance issues, compliance failures or disputes involving managed funds may affect the company's reputation and ability to attract investors. 17. **Income Volatility:** Performance-linked fees and investment-related income can fluctuate, making reported earnings less predictable than purely recurring fee income. 18. **Group Dependence:** The company's association with the Edelweiss Group may create operational or reputational dependencies that investors should evaluate from the offer documents. 19. **OFS Limitation:** The IPO is entirely an offer for sale. The company will not receive fresh capital from the issue to finance growth or strengthen its balance sheet. 20. **Valuation Risk at IPO:** At the announced price band of ₹1,585–₹1,665, the reported FY2026 earnings-based P/E multiple is approximately 39.27–41.25 times. Investors should assess whether the valuation is justified by future earnings, AUM growth and risk. 21. **Listing and Liquidity Risk:** Market price after listing may fall below the offer price, and liquidity may vary with market conditions. 22. **Investment Risk:** Investors should review the final RHP, financial statements, valuation, fund-level exposures and risk disclosures before making an investment decision.
EAAA INDIA ALTERNATIVES Frequently Asked Questions
What is the EAAA INDIA ALTERNATIVES IPO price band?
The EAAA INDIA ALTERNATIVES IPO price band is 1,585 - 1,665.
What is the latest EAAA INDIA ALTERNATIVES IPO GMP?
The latest available EAAA INDIA ALTERNATIVES IPO GMP in the IPOWEB database is ₹15. GMP is unofficial and does not guarantee a listing gain.
When does the EAAA INDIA ALTERNATIVES IPO open and close?
The EAAA INDIA ALTERNATIVES IPO opens on 26 OCT and closes on 28 OCT.
When is the EAAA INDIA ALTERNATIVES IPO allotment date?
The EAAA INDIA ALTERNATIVES IPO allotment date is 29 OCT.
When is the EAAA INDIA ALTERNATIVES IPO listing date?
The EAAA INDIA ALTERNATIVES IPO listing date is 02 NOV.