From The Economic Times · Ritesh Presswala · · 1m 20s
EAAA India Alternatives IPO Subscribed 5.25x
EAAA India Alternatives IPO subscribed 5.25 times with 1% grey market premium.
In brief
EAAA India Alternatives IPO subscribed 5.25 times with 1% grey market premium. EAAA India Alternatives IPO received 5.25x oversubscription with 1% grey market premium indicating modest listing gains. Originally reported by The Economic Times.
IPO Subscription Status
EAAA India Alternatives IPO received 5.25 times oversubscription on final subscription day.
“EAAA India Alternatives received decent demand from investors, garnering bids for 2,78,11,539 shares against the 52,99,684 shares on offer”
Grey Market Premium
IPO commands 1% grey market premium over upper price band of Rs 1,665.
“EAAA India Alternatives IPO is commanding a grey market premium (GMP) of Rs 15 per share, or around 1% over the upper end of the price band of Rs 1,665”
IPO Price Band
IPO price band fixed at Rs 1,585, Rs 1,665 per share with face value of Rs 5.
“EAAA India Alternatives has fixed the IPO price band at Rs 1,585, Rs 1,665 per equity share, with a face value of Rs 5 per share”
Issue Details
Entirely an offer for sale with Rs 360 crore raised from anchor investors.
“The Rs 1,200-crore public issue is entirely an offer for sale (OFS) of 72.07 lakh equity shares by promoter selling shareholder Edelweiss Securities & Investments Pvt. Ltd.”
Listing Schedule
Shares tentatively list on NSE and BSE on November 2, 2026.
“The shares are tentatively scheduled to list on the NSE and BSE on November 2, 2026”
Investor Bidding
QIBs led subscription with 13.13x bids followed by NIIs at 4.57x and RIIs at 1.03x.
“Qualified Institutional Buyers (QIBs) led the demand with 13.13 times subscription, followed by Non-Institutional Investors (NIIs) at 4.57 times and Retail Individual Investors (RIIs) at 1.03 times”
Financial Performance
Reported 23% YoY income increase to Rs 964 crore in FY26 with 15% PAT rise.
“EAAA India Alternatives Ltd. reported a 23% year-on-year increase in total income to Rs 964 crore in FY26, compared with Rs 787 crore in FY25”
Company Background
Founded in 2008, focuses on real assets and private credit markets with Rs 95,344.88 crore AUM.
“Incorporated on May 14, 2008, EAAA India Alternatives Ltd. is an alternative investment management platform focused on India's real assets and private credit markets”
Market Valuation
IPO valued at 317-333x face value with 39.27-41.25x P/E multiple.
“The IPO's price band represents a valuation of 317 times the face value at the lower end and 333 times at the upper end”
Key Details
Book-running leads: Axis Capital, Jefferies India, Motilal Oswal, Nuvama Wealth.
“Axis Capital Ltd., Jefferies India Pvt. Ltd., Motilal Oswal Investment Advisors Ltd. and Nuvama Wealth Management Ltd. are the book-running lead managers to the issue”
The bottom line
EAAA India Alternatives IPO received 5.25x oversubscription with 1% grey market premium indicating modest listing gains.
