EAAA India Alternatives IPO opens October 26 with price band of Rs 1,585 to Rs 1,665 a share

The initial public offering (IPO) of EAAA India Alternatives Limited will open for subscription on Monday, October 26, 2026. The company has fixed a price band of Rs 1,585 to Rs 1,665 per share. The issue will close on Wednesday, October 28, 2026. Investors can bid for a minimum of nine shares and in multiples of nine shares thereafter.

In the IPO, the company's promoter, Edelweiss Securities and Investments Private Limited, will sell shares worth up to Rs 1,200 crore through an offer for sale (OFS). This is a sale of shares by existing shareholders. Because it is an OFS, the proceeds will go to the selling promoter and not to the company.

At the upper end of the price band, one share costs Rs 1,665. Investors applying for the minimum of nine shares will have to put in Rs 14,985. The figure is based on the upper price band and does not include applicable charges.

EAAA India Alternatives was set up in 2008 and works in alternative investment management. As of June 30, 2026, its assets under management (AUM) were worth about Rs 95,344.8 crore. The company has more than 17 years of experience in managing long-term capital.

Its main businesses are real assets and private credit. In real assets, investments are made through equity, quasi-equity and debt instruments. In private credit, investments are made mostly through debt and convertible debt instruments. Its wholly owned subsidiary, Seccura India Management Limited, helps with the operation, upkeep, performance monitoring and management of assets.

As of June 30, 2026, the company's fee-paying assets under management (FPAUM) were about Rs 48,623.1 crore. Over the past three financial years, the company carried out large-scale transactions in raising capital, making investments and realising returns from them. In this period it secured capital commitments of about Rs 47,526.2 crore, invested Rs 38,229.3 crore and realised Rs 31,232.9 crore from investments.

As of June 30, 2026, the company had 11,009 client relationships. These included 1,493 repeat clients who had invested in more than one fund and 8,800 clients added between April 1, 2023 and June 30, 2026. About 77 per cent of the company's AUM came from commitments by repeat clients. About 49.32 per cent of the AUM belonged to institutional clients such as pension funds, insurance companies and banks.

The company has a presence in Mumbai, New Delhi, GIFT City and Singapore. As of June 30, 2026, its investment team had 85 experienced professionals.

The IPO is coming through the book-building process under the Securities and Exchange Board of India's (SEBI) ICDR regulations. Up to 50 per cent of the issue is reserved for qualified institutional buyers (QIBs), at least 15 per cent for non-institutional investors (NIIs) and at least 35 per cent for retail individual investors (RIIs).

The book-running lead managers to the IPO are Axis Capital, Jefferies India, Motilal Oswal Investment Advisors and Nuvama Wealth Management. MUFG Intime India Private Limited is the registrar to the issue. Investors are advised to examine the official offer documents, the risk factors and the financial information before deciding to invest.