EAAA India Alternatives

EAAA India IPO

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MainboardOpens 26 October 2026Closes 28 October 2026

EAAA India Alternatives Limited (formerly Edelweiss Alternative Asset Advisors Limited) is a leading alternative investment management platform in India. The company offers diversified investment strategies across…

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Price band
₹1585 - ₹1665
Issue size
₹1,200 Cr
Lot size
9 shares
Type
Mainboard
GMP
₹0 (0.0%)
Est. listing
₹1,665
Est. profit / app
—
Retail quota
35.00%

Key ratios

As per RHP / filings
Face value
₹5
EPS
41.02
P/E ratio
40.59
RoNW
25.97%
ROE
25.97%
Debt / Equity
0.41
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Timeline

  1. IPO Opens

    26 Oct 2026

  2. IPO Closes

    28 Oct 2026

  3. Allotment

    29 Oct 2026

  4. Listing

    2 Nov 2026

IPO Timeline & Listing Details

EventDate
IPO Open Date26 October 2026
IPO Close Date28 October 2026
Allotment Date29 October 2026
Listing Date2 November 2026

Investment Categories

CategoryLotsAmount
Retail (Min)
1₹14,985
Retail (Max)Just less than ₹2,00,000
13₹1,94,805
SHNI (Min)Just above ₹2,00,000
14₹2,09,790
SHNI (Max)Below ₹10,00,000
66₹9,89,010
BHNIAbove ₹10,00,000
67₹10,03,995

IPO Reservation Details

CategoryReservation
QIB (Qualified Institutional Buyer)50.00%
NII (Non-Institutional Investor)15.00%
SHNI (Small Non-Institutional Investor)5.00%
BHNI (Big Non-Institutional Investor)10.00%
Retail35.00%
Total100.00%

IPO Objectives

  • The IPO is a 100% Offer for Sale (OFS) of up to ₹1,200.00 Crore by Edelweiss Securities and Investments Private Limited.
  • The company will not receive any proceeds from the Offer; all net proceeds will be remitted to the Promoter Selling Shareholder.

Strengths

  • Leading alternative asset management platform in India with significant market share across Real Assets and Private Credit strategies.
  • Differentiated business model with predictable and multi-year contractual Management & Advisory fees combined with upside from Variable Additional Returns (carry).
  • Robust distribution ecosystem spanning 53 wealth managers, institutional partners, chaperoning partners, and global offshore networks across India, North America, and Europe.
  • Strong historical financial trajectory with FY26 Return on Net Worth (RoNW) of 25.97% and PAT margin of 27.52%.

Weaknesses

  • Unpredictability in the timing and realization of Variable Additional Return (carry), which constituted ~30% of total income in FY26 and creates cash flow volatility.
  • A 100% Offer for Sale (OFS) structure where the company receives no fresh capital infusion from the IPO.
  • Substantial client concentration, with the top 10 clients accounting for 26.20% of fee-paying assets under management (FPAUM).
  • Exposure to complex alternative asset classes such as distressed credit and real estate, which are vulnerable to interest rate cycles and regulatory shifts.
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Financial Performance

Period Ended30 Jun 202631 Mar 202631 Mar 202531 Mar 2024
Assets (₹ Cr.)2,101.842,170.282,085.071,769.66
Revenue (₹ Cr.)336.13963.76786.54584.25
PAT (₹ Cr.)80.71265.2229.78175.16
Net Worth (₹ Cr.)1,160.381,075.54966.45729.48

Peer Comparison

CompanyP/B RatioP/E RatioRONW (%)Net Worth (₹ Cr.)
EAAA India Alternatives10.1740.5934.56%9,229
HDFC Asset Management Co. Ltd.11.533.2925.97%1,075.54
ICICI Prudential AMC Ltd.25.1637.9666.27%4,171
Nippon Life India AMC Ltd.13.7539.1532.83%4,659

Subscription Details

No daily bids available.

No subscription statistics available.

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Company Details

  • EAAA India Alternatives Limited
  • Edelweiss House, Off C.S.T Road, Kalina, Mumbai 400 098, Maharashtra, India
  • +91 22 4019 4706
  • ipo@eaaa.in
  • https://www.eaaa.in

Registrar Details

Frequently Asked Questions

What is the primary business of EAAA India Alternatives Limited?
EAAA India Alternatives Limited (formerly Edelweiss Alternative Asset Advisors Limited) is an alternative asset management firm in India managing private credit and real asset funds, including infrastructure yield and commercial real estate.
What is the issue size and structure of the EAAA India Alternatives IPO?
The total issue size is ₹1,200.00 Crore, consisting entirely of an Offer for Sale (OFS) of equity shares by promoter selling shareholder Edelweiss Securities and Investments Private Limited.
What is the price band and minimum investment for retail investors?
The price band is fixed at ₹1,585.00 to ₹1,665.00 per share. Retail investors can apply for a minimum of 1 lot (9 shares), amounting to ₹14,985 at the cap price.
How will the company utilise the proceeds from the IPO?
As the IPO is a 100% Offer for Sale, the company will not receive any proceeds from the offer. All net proceeds will go directly to the promoter selling shareholder.
What are the key financial highlights of the company?
For FY26, the company posted a Total Income of ₹963.76 Crore, a Profit After Tax of ₹265.20 Crore, and a Return on Net Worth (RoNW) of 25.97%.

EAAA India IPO News & Updates

Follow the latest updates for EAAA India IPO, including grey market moves and allotment news.

EAAA India IPO IPO Pages

Open related pages for this IPO: details, GMP, subscription, allotment, review, FAQ, registrar, timeline, and news.

Sources

We match EAAA India IPO IPO numbers with official sources. For final dates and allotment results, double-check the registrar or exchange.

  • SEBIRules for IPO allotment and disclosures in India
  • NSEExchange notices, bidding data, and listing updates
  • BSEExchange notices and IPO allotment check tools
  • RHP / Offer DocumentCheck the company RHP on NSE/BSE or the IPO detail page
  • MUFG Intime India Private LimitedOfficial site to check allotment status for this IPO

Also read our Editorial Policy, How GMP is calculated, How allotment chances work, and IPO fund allocation.

Reviewed by

Dinesh Agrawal · Lead IPO Analyst

15+ years in Indian markets and IPO research. He reviews IPO dates and key details before they go live.

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