EAAA India Alternatives IPO: dates, price band, lot size and GMP
EAAA India Alternatives IPO opens 26 – 28 Oct 2026 on the Mainboard, price band Band awaited, lot size awaited, no GMP reported yet. Allotment 29 Oct, listing 2 Nov.
Listing date: EAAA India Alternatives IPO is scheduled to list on 2 Nov on NSE, BSE.
Updated 20 Oct 2026, 10:10 IST. Unofficial grey-market figures, dated.
BuyUnlistedShares tracks 210 IPOs on its calendar; the EAAA India Alternatives IPO has a price band of Band awaited, a lot of — shares and no grey-market premium reported yet as of 20 Oct 2026.
Key details
| Board | Mainboard |
|---|---|
| Issue dates | 26 – 28 Oct 2026 |
| Price band | Band awaited |
| Issue size | ₹1,200.00 Cr |
| Offer for sale | ₹1,200 Cr |
| Subscription | — |
| Registrar | MUFG Intime India Pvt.Ltd. |
| Lead managers | Axis Capital Ltd., Jefferies India Pvt.Ltd., Motilal Oswal Investment Advisors Ltd., Nuvama Wealth Management Ltd. |
| Status | Upcoming |
Timeline
- Issue opens: 26 Oct
- Issue closes: 28 Oct
- Allotment: 29 Oct
- Refunds: 30 Oct
- Demat credit: 30 Oct
- Listing: 2 Nov
Issue details
| Face value | ₹5 |
|---|---|
| Issue type | Book Build Issue |
| Listing at | NSE, BSE |
| Promoter holding pre-issue | 95.03% |
| Promoter holding post-issue | 95.03% |
| Promoters | Edelweiss Financial Services Ltd., Edelweiss Securities & Investments Pvt.Ltd., Edel Finance Co.Ltd., Edelweiss Global Wealth Management Ltd.axi |
| Lead managers | Axis Capital Ltd., Jefferies India Pvt.Ltd., Motilal Oswal Investment Advisors Ltd., Nuvama Wealth Management Ltd. |
| Registrar phone | 022-49186000 |
| Registrar email | eaaaindia.ipo@in.mpms.mufg.com |
| Company website | eaaa.in |
| Anchor bid date | 23 Oct 2026 |
| Anchor lock-in ends (50%) | 28 Nov 2026 |
| Anchor lock-in ends (remaining) | 27 Jan 2027 |
Reservation
| Category | Share of issue | Shares offered | Basis |
|---|---|---|---|
| QIB | — | — | Not more than 50% of the Net Offer |
| NII (HNI) | — | — | Not less than 15% of the Net Offer |
| Retail | — | — | Not less than 35% of the Net Offer |
Key ratios as of 31 Mar 2025
| RoNW | 27.3% |
|---|---|
| RoE | 27.1% |
| PAT margin | 29.21% |
| NAV per share | ₹113.48 |
| Debt / equity | 0.53 |
Financials (₹ Cr)
| Metric | 30 Jun 2026 | FY26 | FY25 | FY24 | FY26 vs FY25 |
|---|---|---|---|---|---|
| Assets | 2,101.84 | 2,170.28 | 2,085.07 | 1,769.66 | +4.1% |
| Total Income | 336.13 | 963.76 | 786.54 | 584.25 | +22.5% |
| Profit After Tax | 80.71 | 265.2 | 229.78 | 175.16 | +15.4% |
| NET Worth | 1,160.38 | 1,075.54 | 966.45 | 729.48 | +11.3% |
| Reserves and Surplus | 1,128.24 | 1,043.4 | 934.31 | 480.64 | +11.7% |
| Total Borrowing | 399.2 | 441.03 | 507.49 | 444.83 | −13.1% |
About EAAA India Alternatives
Incorporated in 2008, EAAA India Alternatives Limited offers assets under management (AUM) platform in India. The company operate a diversified, multi-strategy platform, in large, under-tapped and fast-growing alternative asset classes, focusing on providing income and yield solutions to our clients.
The key business strategies include: (i) real assets ("Real Assets") and (ii) private credit ("Private Credit").
EAAA India's wholly owned subsidiary, Sekura India Management Limited ("Sekura"), proficiently supports the company's various business strategies, including operations, maintenance, monitoring, efficiency improvement, and turnaround management and is part of the company's portfolio operating and management team ("POMT").
As of September 30, 2024, EAAA India Alternatives Limited clients are distributed across key geographies: (i) India, (ii) North America, (iii) Europe, and (iv) the rest of the world.
Peer comparison
| Company | EPS (Basic) | EPS (Diluted) | NAV (₹ per share) | P/E (x) | RoNW (%) | P/BV Ratio | Financial statements |
|---|---|---|---|---|---|---|---|
| EAAA India Alternatives Ltd (issuer) | 35.75 | 35.75 | 150.35 | — | 27.1% | — | Standalone |
| 360 One Wam Limited | 27.14 | 26.08 | 179.74 | 45.87x | 19.31% | — | Consolidated |
| Aditya Birla Sun Life Amc Limited | 32.26 | 32.18 | 129.19 | 25.85x | 26.99% | — | Consolidated |
| Anand Rathi Wealth Limited | 36.17 | 36.17 | 81.18 | 85.51x | 45.48% | — | Consolidated |
| Hdfc Asset Management Company Limited | 57.44 | 57.44 | 190.14 | 45.2x | 32.36% | — | Consolidated |
| Gaja Alternative Asset Management Limited | 5.71 | 5.71 | 37.33 | — | 17.19% | — | Consolidated |
| Nippon Life India Asset Management Limited | 20.34 | 20.03 | 66.38 | 43.99x | 31.39% | — | Consolidated |
| Nuvama Wealth Management Limited | 55.33 | 53.71 | 194.04 | 27.46x | 30.86% | — | Consolidated |
| Uti Asset Management Company Limited | 57.35 | 57.11 | 359.37 | 19.07x | 18.09% | 3.03 | Consolidated |
| Icici Prudential Asset Management Company Limited | 53.6 | 53.6 | 71.2 | 54.73x | 82.84% | 41.31 | Consolidated |
Note: Financial information of our Company has been derived from the Restated Consolidated Financial Information as of or for the financial year ended March 31, 2025. All the financial information for listed industry peer is on a consolidated basis and is sourced from the financial information of such listed industry peer available on the website of the stock exchanges/annual report, as of and for year ended March 31, 2025.Further, the financial information of Gaja Alternative Asset Management Limited is sourced from it Updated Draft Red Herring Prospectus-1 dated December 4, 2025 and…
Strengths (per the offer document)
- Scaled and experienced player in the large and expanding Indian real assets and private credit market — Alternatives is one of the fastest growing investment segments in India.
- Alternatives industry in India (AUM in US$ billion) — (Source: CARE Report) India’s yield and income strategy, which includes the private credit and real assets are expected to grow from US$53.9 billion in CY24 to US$139.8 billion CY30 with the…
- Details of the amount raised with respect to our Real Assets and Private Credit funds for the period / financial years… — For the six For the Financial Years ended March 31, Funds raised(1) (in ₹ million) 2025 2025 2024 2023 Real Assets(2) 21,027.70 47,109.00 40,210.67 78,814.68 Private Credit(3) 30,795.00 17,640.00…
- Details of the amount deployed with respect to our Real Assets and Private Credit funds for the period / financial… — For the six For the Financial Years ended, Deployment(1) (in ₹ million) 2025 2025 2024 2023 Real Assets(2) 15,566.31 50,341.95 11,270.13 26,826.84 Private Credit(3) 21,010.57 40,920.53 54,055.89…
- Details of the realization of our investments with respect to our Real Assets and Private Credit funds for the period… — For the six months For the Financial Years ended, Realization(1) (in ₹ million) 2025 2025 2024 2023 Real Assets(2) 17,049.14 11,737.07 4,792.69 11,582.41 Private Credit(3) 46,470.91 76,123.93…
- Number of Number of Complete — Investments(1) Exits Real Assets 36 3 Private Credit 181 110 (1) Including complete exits.
- Real Assets Private — Credit Fund Name EIYP(5) IYP II(6) RYP(7) EISAF II(8) ISAF III(9) ESOF III(10) AUM (in ₹ million) (1) 32,807.50 89,280.32 41,584.00 120,618.96 113,118.64 76,926.22 FPAUM (in ₹ million) (2) 28,645.59…
- Diversified, multi-vertical platform offering a wide range of alternative investments products — We are among the handful of multi-vertical players in the Indian alternative space present across verticals (Source: CARE Report).
Risk factors (as disclosed by the company)
- Our revenue and profit are dependent on our Management and Advisory Fees — Our Total Income comprises of Management and Advisory Fees, GP Income, Variable Additional Return and Miscellaneous Income.
- Our historical growth rates may not be indicative of our future growth and if we do not manage our growth effectively — Over last three financial years, our FPAUM grew at compounded annual growth rate (“CAGR”) of approximately 26.24% from ₹168,185.21 million in Financial Year 2022 to ₹338,332.78 million in Financial…
- Our clients may not honor their capital calls, which could adversely affect our ability to invest, and in turn affect our fund's operations and performance — Our funds are dependent on our clients honoring their capital calls for disbursements to enable our funds to make investments and cover fund expenses.
- We are subject to extensive laws, rules, and regulatory requirements which may impact our business, including resulting in financial penalties, loss of business — As an alternative assets management platform, we are regulated by SEBI, IFSCA (Gift City Branch), MAS and any other regulator under any jurisdiction which we operate or have business in and are…
- Any adverse movement in the performance of our funds and fluctuation in the value of investments by our funds could affect our Management and Advisory Fees — The performance of the funds affects our clients’ perception of our Company and therefore directly impact their willingness to invest in our funds.
- Stronger competition in the market and changes in our fee structure could affect our Management and Advisory Fees and Variable Additional Return — We face strong competition in the alternative asset management segment.
- Introducing new business verticals, sub-verticals, or products may expose us to challenges and risks that may adversely affect our business — We have been expanding and may continue to expand, our new business verticals and products.
- Underperformance of our funds would cause a decline in our revenue — We are required to commit a minimum amount to our funds as a general partner or sponsor.
From the RHP (strengths pages 230–237, risk factors pages 23–63). Headings shortened; the wording is the company’s. Not a recommendation.
Offer documents: DRHP (PDF)
Track this issue
- EAAA India Alternatives IPO GMP today and trend
- EAAA India Alternatives IPO subscription status, day by day
- EAAA India Alternatives IPO allotment status and how to check
Frequently asked questions
When does the EAAA India Alternatives IPO open and close?
The issue is scheduled for 26 – 28 Oct 2026.
What is the EAAA India Alternatives IPO price band?
The price band is Band awaited per share.
How big is the EAAA India Alternatives IPO?
The total issue size is ₹1,200.00 Cr.
When will EAAA India Alternatives list?
The tentative listing date is 2 Nov on the main board.
How do I apply for the EAAA India Alternatives IPO?
Apply through your broker or bank using ASBA or UPI within the issue window; the amount stays blocked in your account until allotment. BuyUnlistedShares does not take applications; it tracks the issue and the unlisted price before it.
Sources
- Draft red herring prospectus (DRHP), EAAA India Alternatives · as filed with SEBI · sebi.gov.in
- Registrar allotment page, MUFG Intime India Pvt.Ltd. · allotment 29 Oct · in.mpms.mufg.com
- NSE public issues page · listing 2 Nov · nseindia.com
- BSE public issues page · listing 2 Nov · bseindia.com
- EAAA India Alternatives company website · eaaa.in
- BuyUnlistedShares IPO record: GMP, subscription and allotment, dated daily · GMP as of 20 Oct, 03:00 · buyunlistedshares.com
How to cite this page: BuyUnlistedShares, “EAAA India Alternatives IPO”, https://buyunlistedshares.com/ipo/eaaa-india-alternatives-ipo, as of 20 Oct 2026.
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Indicative reference price, dated. BuyUnlistedShares is India's premium unlisted shares desk, run by Gayatri Financial Synergy LLP. In the market since 2002. Data as of 20 Oct 2026.
Guides for IPO applicants and pre-IPO holders
- The risks of buying unlisted and pre-IPO shares in India
- Unlisted Shares Lock-In Period: What Every Investor Must Know (2026)
- What Happens to Your Unlisted Shares After the IPO? Lock-In Periods Explained
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