From mint · Rajendra Saxena · · 1m 10s
Edelweiss Unit EAAA India Alternatives IPO Opens Oct 26
Edelweiss unit EAAA India Alternatives' ₹1,200 cr IPO opens Oct 26 with price band ₹1,585-1,665 per share.
In brief
Edelweiss unit EAAA India Alternatives' ₹1,200 cr IPO opens Oct 26 with price band ₹1,585-1,665 per share. Edelweiss Financial Services' EAAA India Alternatives unit will list on BSE and NSE on Nov 2 after a ₹1,200 crore IPO opens Oct 26 with a price band of ₹1,585-1,665 per share. Originally reported by mint.
IPO Price Band
EAAA India Alternatives fixed its IPO price band at ₹1,585-1,665 per share.
“₹1,585-1,665 per share”
Subscription Dates
Public issue opens Oct 26 for subscription and closes Oct 28 with anchor investor bidding starting Oct 23.
“Oct 26”
Market Capitalisation
At upper end, EAAA India Alternatives commands ₹10,765 crore market cap; at lower end, ₹10,248 crore.
“₹10,765 crore”
Retail Investment
Retail investors must bid minimum of nine shares with ₹14,985 minimum investment at upper price band.
“₹14,985”
Offer Structure
Entire issue is an offer for sale by Edelweiss Group with no fresh shares issued.
“offer for sale”
Allocation Schedule
50% for qualified institutional buyers, 15% for non-institutional investors, 35% for retail investors.
“50% for QIBs”
Listing Schedule
Shares expected to list on BSE and NSE on November 2 after IPO closes.
“Nov 2”
At a glance
Edelweiss Financial Services' EAAA India Alternatives unit will list on BSE and NSE on Nov 2 after a ₹1,200 crore IPO opens Oct 26 with a price band of ₹1,585-1,665 per share.
