
EAAA India Alternatives IPO
Bidding opened on 26 October 2026 and closes on 28 October 2026, in 2 days.
Subscription and grey market figures refresh on a 30-minute cycle. Last synced 26 October 2026. Confirm current numbers on the exchange websites before you apply.
- Issue size
- ₹1,200.00 Cr
- Lot size
- 9 shares
- Minimum investment
- ₹14,985.00
- Face value
- ₹5.00
- Fresh issue
- Not announced
- Offer for sale
- ₹1,200.00 Cr
- Exchanges
- NSE and BSE
- Bidding dates
- 26 October 2026 to 28 October 2026
Subscription so far
How many times each investor category has bid against the shares reserved for it. A multiple of 1.00x means bids covered the category exactly; above that, the category is oversubscribed.
| Category | Times subscribed | Relative to the highest category |
|---|---|---|
| bNIINon-institutional (bids above ₹10 lakh) | 0.06x | |
| NIINon-institutional investors | 0.04x | |
| TotalTotal | 0.02x | |
| sNIINon-institutional (bids up to ₹10 lakh) | 0.01x | |
| RetailRetail individual investors | 0.01x | |
| QIBQualified institutional buyers | 0.00x | |
| Total | 0.02x |
Figures from bidding day 3. A multiple of 1.00x means bids exactly covered the shares offered; above that the issue is oversubscribed. Source share counts are not published in this dataset, so only the multiple is shown.
The dates that matter
An Indian IPO runs on a fixed calendar. Bidding stays open for three working days, the allotment is finalised the next working day, and the shares begin trading the day after that.
Anchor investor biddingCompleted
23 October 2026
One day before the public window, for institutional anchors.
Bidding opensNext
26 October 2026 in today
Bidding closes
28 October 2026
Basis of allotment
29 October 2026
Refunds initiated
30 October 2026
Shares credited to Demat
30 October 2026
Listing on the exchange
2 November 2026
Issue dates
Grey market premium
Grey market premium is the price traders quote among themselves for shares that have not listed yet. Below is the full day-by-day record we hold for this issue, not only the latest figure, because the movement across the bidding window says more than any single day does.
| Date | Premium per share |
|---|---|
| 2026-10-20 | 0 |
| 2026-10-21 | 0 |
| 2026-10-22 | 0 |
| 2026-10-23 | 121 |
| 2026-10-24 | 45 |
| 2026-10-25 | 33 |
| 2026-10-26 | 35 |
Day by day, 7 records
| Date | Premium per share | Implied listing price | Implied gain |
|---|---|---|---|
| 26 October 2026 | ₹35.00 | ₹1,700.00 | 2.10% |
| 25 October 2026 | ₹33.00 | ₹1,698.00 | 1.98% |
| 24 October 2026 | ₹45.00 | ₹1,710.00 | 2.70% |
| 23 October 2026 | ₹121.00 | ₹1,786.00 | 7.27% |
| 22 October 2026 | Not recorded | ₹1,665.00 | 0.00% |
| 21 October 2026 | Not recorded | ₹1,665.00 | 0.00% |
| 20 October 2026 | Not recorded | Not recorded | Not recorded |
About EAAA India Alternatives
EAAA India Alternatives Ltd. runs an alternative investment management platform from Mumbai. It pools money from domestic and global institutional investors, high-net-worth individuals, ultra-high-net-worth individuals and family offices, then invests that money in two areas: real assets and private credit. The real assets arm buys equity, quasi-equity and debt in infrastructure, commercial real estate, perpetual capital and energy transition projects. The private credit arm lends across performing credit, special situations, real estate credit and investment-grade credit. The company also sells portfolio management services and co-investment opportunities. As of June 30, 2026 it ran 10 active real assets funds, two of them InvITs, and 16 active private credit funds. Its wholly owned subsidiary, Sekura India Management Limited, handles operations, maintenance and performance monitoring for portfolio assets. EAAA India Alternatives employed 277 people as of June 30, 2026.
Promoters
- Edelweiss Financial Services Ltd.
- Edelweiss Securities & Investments Pvt.Ltd.
- Edel Finance Co.Ltd.
- Edelweiss Global Wealth Management Ltd.axi
Financial highlights
The last three fiscal years as the offer document states them. Reading across a row shows whether the figure has grown, which is why the years run left to right.
| Metric (₹ crore) | Mar 2024 | Mar 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|
| Assets | 1,769.66 | 2,085.07 | 2,170.28 | 2,101.84 |
| Total Income | 584.25 | 786.54 | 963.76 | 336.13 |
| Profit After Tax | 175.16 | 229.78 | 265.20 | 80.71 |
| NET Worth | 729.48 | 966.45 | 1,075.54 | 1,160.38 |
| Reserves and Surplus | 480.64 | 934.31 | 1,043.40 | 1,128.24 |
| Total Borrowing | 444.83 | 507.49 | 441.03 | 399.20 |
Figures are in ₹ crore and reproduced from the offer document, covering Mar 2024 to Jun 2026. A dash means the document does not state that figure for that period. A fiscal year ending March is labelled by its closing month, and where the document states a figure on a different basis the label here follows the document rather than normalising it.
Key ratios
Valuation and return ratios calculated from the issuer's financials. These are the figures the issue price is usually judged against, and the offer document carries the working behind each one.
| Ratio | Value | What it measures |
|---|---|---|
| Earnings per share | ₹41.02 | Profit after tax divided by the number of shares. |
| P/E at the cap price | 40.59x | Issue price divided by earnings per share. Lower is cheaper, but only against the same industry. |
| P/E after the issue | 33.35x | The same ratio recalculated on the larger post-issue share count. |
| Price to book | 10.17x | Issue price against net assets per share. |
| Net asset value per share | ₹163.69 | What the company owns, less what it owes, per share. |
| Return on equity | 25.97% | Profit earned on shareholders’ money. |
| Return on net worth | 25.97% | The offer document’s own name for return on shareholders’ funds. |
| Debt to equity | 0.41x | Borrowings against shareholders’ funds. Higher means more leverage. |
| Profit margin | 27.52% | Profit after tax as a share of income. |
| Market capitalisation | ₹10,765.10 Cr | Value of the company at the issue price. |
Ratios are stated as published. A ratio that is absent here was not stated in the document, and is not the same as a ratio of zero.
Peer comparison
The offer document compares the issuer against listed companies in the same business, on earnings, book value and return on net worth. EAAA India Alternatives is the first row.
| Company | EPS (₹) | P/E | NAV per share (₹) | RoNW |
|---|---|---|---|---|
| EAAA India Alternatives LtdThis issue | 41.26 | — | ₹163.69 | 25.97% |
| 360 One Wam Ltd. | 30.16 | 35.67 | ₹242.17 | 14.39% |
| Aditya Birla Sun Life Amc Ltd. | 33.76 | 29.84 | ₹139.94 | 25.10% |
| Anand Rathi Wealth Ltd. | 47.87 | 90.69 | ₹120.23 | 47.54% |
| Gaja Alternative Asset Management Ltd. | 7.17 | 16.47 | ₹53.73 | 16.47% |
| Hdfc Asset Management Co.Ltd. | 66.77 | 33.76 | ₹215.42 | 32.93% |
| Icici Prudential Asset Management Co.Ltd. | 66.73 | 45.95 | ₹84.39 | 85.80% |
| Nippon Life India Asset Management Ltd. | 24.05 | 43.99 | ₹73.01 | 34.48% |
| Nuvama Wealth Management Ltd. | 57.59 | 30.99 | ₹226.37 | 27.34% |
| Uti Asset Management Co.Ltd. | 31.51 | 27.93 | ₹350.50 | 10.38% |
Reproduced from the peer comparison in the offer document. A dash means the document does not state that figure for that company. It is absent, not zero. Ratios are reported on the basis named in the document, which is not always the same period for every company.
Who gets what share
SEBI fixes how much of a book-built issue each investor category can be allotted. This is the split for this issue as stated in the offer document.
| Category | Share of issue | Amount |
|---|---|---|
| Retail individual investors | 35.00% | ₹420.00 Cr |
| Qualified institutional buyers | 20.00% | ₹240.00 Cr |
| Non-institutional (bids above ₹10 lakh) | 10.00% | ₹120.00 Cr |
| Non-institutional (bids up to ₹10 lakh) | 5.00% | ₹60.00 Cr |
Percentages are reproduced as text from the offer document. A dash means the document does not state an amount for that category. Categories are labelled using the document's own terms, which differ slightly between issues.
Questions people ask
One lot is 9 shares. The price band is ₹1,585.00 to ₹1,665.00, and the block is calculated at the top of it, ₹1,665.00. That comes to ₹14,985.00 held in your bank account until the allotment is finalised. If you are not allotted, the block is released and the money never leaves your account.
Bidding runs from 26 October 2026 to 28 October 2026. Applications can be revised or withdrawn while bidding is open. Once it closes, the registrar finalises the basis of allotment the next working day and shares are credited the day after.
The last recorded total is 0.02x. That figure is a snapshot refreshed every 30 minutes, so it can lag the exchange during a bidding day. A multiple above 1.00x means bids exceeded the shares offered.
The most recent recorded premium is ₹35.00 per share, against ₹121.00 when recording began on 23 October 2026. The movement across those days says more than either number on its own.
Retail applications run from 1 lot to 13 lots. The retail category caps an application at ₹2,00,000, so the upper limit is whichever comes first: the lot ceiling or the value ceiling.
Sources
- National Stock Exchange of India. "Upcoming and current public issues, with live bid quantities." The exchange publishes the bidding figures this page is built from, and is the authority on them. Accessed 15 September 2026.
- BSE. "Public issues — current and forthcoming." The second exchange carrying this issue, and the second source for its bidding data. Accessed 15 September 2026.
- Securities and Exchange Board of India. "Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018." The regulation that sets the issue process, the categories and the allotment rules. Accessed 15 September 2026.
- EAAA India Alternatives issue particulars are compiled and published by Ankit Kumar, Founder of DematOpen, refreshed every 30 minutes, and reviewed against the offer document. The record was last updated 26 October 2026. The offer document and the registrar above are the primary sources for anything you intend to act on.