EAAA India Alternatives IPO to Open on October 26; Price Band Fixed at ₹1,585–₹1,665

Bilkul Bazaar

Ahmedabad | 22 Oct 2026

EAAA India Alternatives Limited will open its maiden initial public offering (IPO) for subscription on Monday, October 26, with a price band of ₹1,585 to ₹1,665 per equity share. The issue will close on Wednesday, October 28, 2026.

The IPO is entirely an offer for sale (OFS) of up to ₹1,200 crore by the company’s promoter, Edelweiss Securities and Investments Private Limited. Investors can bid for a minimum of nine equity shares and in multiples of nine shares thereafter. The equity shares have a face value of ₹5 each.

Company Profile and Business Operations

Incorporated in 2008, EAAA India Alternatives is one of India’s leading alternative investment platforms in terms of assets under management (AUM), with more than 17 years of experience in managing long-term capital, according to a CARE report.

As of June 30, 2026, the company’s AUM stood at ₹95,344.8 crore, while its fee-paying assets under management (FPAUM) amounted to ₹48,623.1 crore.

The company operates primarily through two business verticals: real assets and private credit. Its real assets business invests in equity, quasi-equity and debt instruments, while its private credit business focuses primarily on debt and convertible debt instruments to generate risk-adjusted returns.

Its wholly owned subsidiary, Sekura India Management Limited, supports the company’s asset operations and management activities, including maintenance, monitoring, efficiency improvement and turnaround management.

Growth in Assets and Fundraising

EAAA India Alternatives has recorded growth in its fee-paying assets under management, which increased at a compound annual growth rate (CAGR) of approximately 23.43% over the last three financial years to ₹44,710.4 crore in FY2026.

The company has also demonstrated its ability to raise capital across successive fund series, with several of its larger funds in or entering their third and fourth series.

During the last three financial years and the three-month period ended June 30, 2026, the company raised capital commitments aggregating ₹47,526.2 crore, deployed investments worth ₹38,229.3 crore and realised investments totalling ₹31,232.9 crore.

According to the company, most of its funds have a track record of delivering consistent performance across different market cycles.

Diverse Investor Base

As of June 30, 2026, the funds managed by EAAA India Alternatives had 11,009 client relationships across India and international markets, including 1,493 repeat clients who had invested in more than one fund. The company added 8,800 clients between April 1, 2023, and June 30, 2026.

Repeat clients accounted for 77% of the company’s AUM, reflecting the contribution of investors who have continued to invest across its funds.

Institutional clients, including pension funds, insurance companies and banks, contributed approximately 49.32% of its AUM. Its investor base spans multiple geographies, including India, North America and Europe.

The company has offices in Mumbai, New Delhi, GIFT City and Singapore. As of June 30, 2026, its investment team comprised 85 professionals. It also follows a comprehensive risk management framework.

IPO Structure and Lead Managers

The IPO will be conducted through the book-building process in accordance with SEBI’s ICDR Regulations. The allocation structure provides for not more than 50% of the offer to Qualified Institutional Buyers (QIBs), not less than 15% to Non-Institutional Investors (NIIs), and not less than 35% to Retail Individual Investors (RIIs).

Key IPO details

Particular	Details
Issue size	₹1,200 crore
Issue type	Book-built IPO
Face value	₹5 per share
Subscription opens	26 October 2026
Subscription closes	28 October 2026
Tentative allotment	29 October 2026
Tentative listing	2 November 2026
Book-running lead managers	Axis Capital, Jefferies India, Motilal Oswal and Nuvama Wealth
Registrar	MUFG Intime India

Disclaimer: This article is for information purpose only and is not investment advice. Please read the IPO documents carefully before investing.