Minimum Investment
About Company
Company Name: EAAA India Alternatives Limited
Industry / Sector: Asset Management / Alternative Investment Funds
Founded Year: 2008
Promoters: Edelweiss Securities and Investments Pvt. Ltd., Edelweiss Financial Services, Edel Finance Company, Edelweiss Global Wealth Management
EAAA India Alternatives Limited, formerly known as Edelweiss Alternative Asset Advisors, is one of India's leading alternative investment platforms with over 17 years of experience. The company manages assets across two core verticals: real assets (investing in renewable energy, roads, transmission infrastructure, and commercial real estate) and private credit (providing structured financing through debt and convertible instruments). As of June 30, 2026, the company reported a total AUM of ₹95,344.88 crore and fee-paying AUM of approximately ₹48,623 crore, with 26 active schemes across its two business segments. It serves domestic and global institutional and non-institutional investors, including pension funds, banks, HNIs, and family offices. The company managed 11,009 client relationships as of June 30, 2026, with a presence in Mumbai, New Delhi, GIFT City, and Singapore. The IPO is a pure offer for sale (OFS) by the promoter selling shareholder, with no fresh issue component.
IPO Basic Details
| Company Name | EAAA India Alternatives Limited |
| IPO Type | Mainboard IPO |
| Price Band | ₹1,585 – ₹1,665 |
| Lot Size | 9 Shares |
| Total Issue Size | 72,07,207 Equity Shares (₹1,200.00 Cr) |
IPO Strengths & Risks
Strengths
- One of India's leading alternative investment platforms with over 17 years of experience
- AUM of ₹95,344.88 crore as of June 30, 2026, across real assets and private credit
- Fee-paying AUM of ~₹48,623 crore with 26 active schemes
- Diversified investor base including pension funds, banks, HNIs, and family offices
- Presence in Mumbai, New Delhi, GIFT City, and Singapore
- Strong sponsor pedigree with Edelweiss Group backing
- Weighted average RoNW of 26.57% for FY24-FY26
- Debt-to-equity ratio of 0.41x indicating modest leverage
Risks
- Entirely an OFS; the company will not receive any proceeds from the IPO
- High dependence on performance-linked fees, which are volatile and tied to investment exits
- Market volatility and delayed exits could impact earnings
- Private credit defaults could affect fund performance and reputation
- Regulatory risks associated with AIF regulations
- Concentration risk in terms of key funds and investor relationships
- Valuation appears aggressive at ~41x FY26 earnings compared to peers
IPO Important Dates
| IPO Open Date | 26 Oct 2026 |
| IPO Close Date | 28 Oct 2026 |
| Basis of Allotment | 29 Oct 2026 |
| Refund Initiation | 30 Oct 2026 |
| Demat Credit Date | 30 Oct 2026 |
| Listing Date | 02 Nov 2026 |
| Anchor Investor Date | - |
| UPI Mandate Deadline | - |
IPO Objectives
- Capital expenditure for machinery and equipment – -
- Funding working capital requirements – -
- Debt repayment – -
- General corporate purposes – -
Investor Reservation
| QIB Quota | Not more than 50% of the Net Issue |
| Retail Quota | Not less than 35% of the Net Issue |
| HNI Quota | - |
| Employee Quota | - |
| Shareholder Quota | - |
| Anchor Investor Allocation | - |
Market Lot Details
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 Lot | 9 | ₹14,985 (at upper band) |
| Retail Maximum | 13 Lots | 117 | ₹1,94,805 (at upper band) |
| S-HNI Minimum | 14 Lots | 126 | ₹2,09,790 (at upper band) |
| S-HNI Maximum | 66 Lots | 594 | ₹9,89,010 (at upper band) |
| B-HNI Minimum | 67 Lots | 603 | ₹10,03,995 (at upper band) |
Key Performance Indicators (KPI)
| ROE | 26.57% (Weighted Average FY24-FY26), 28.96% (Q1 FY27 annualised) |
| ROCE | Not Available |
| RoNW | - |
| PAT Margin | 27.52% (FY26), 24.01% (Q1 FY27) |
| EBITDA Margin | Not Available |
| EPS | ₹[●] (FY26), Diluted EPS ~₹40.36 |
| NAV per share | - |
| Debt to Equity | 0.41 (FY26) |
| P/E Ratio | ~40.6x (FY26), ~41.25x (Diluted FY26) |
| Industry P/E | - |
Company Financial Data
| Period | Assets | Total Income | PAT | EBITDA | Net Worth | Borrowings |
|---|---|---|---|---|---|---|
| Q1 FY2027 (Jun 30, 2026) | Not Available | ₹336.13 Cr | ₹80.71 Cr | Not Available | Not Available | Not Available |
| FY2026 (Mar 31, 2026) | Not Available | ₹963.76 Cr | ₹265.20 Cr | Not Available | ₹1,075.54 Cr | ₹441.03 Cr |
| FY2025 (Mar 31, 2025) | Not Available | ₹786.54 Cr | ₹229.78 Cr | Not Available | ₹966.45 Cr | ₹507.49 Cr |
| FY2024 (Mar 31, 2024) | Not Available | Not Available | Not Available | Not Available | Not Available | Not Available |
Grey Market Premium
| GMP Price | ₹15 (as of 28 Oct 2026, 07:46 AM) |
| Kostak Rate | Not Available |
| Subject to Sauda | Not Available |
| Last Updated | 28 Oct 2026 |
| Estimated Listing Price | ₹1,680 (approx. 1% premium over upper price band) |
IPO Subscription Data
| Total Subscription | 1.01x (Day 3, 28 Oct 2026, 5:00 PM) |
| QIB (Ex Anchor) | 0.00x |
| HNI Subscription | 0.38x |
| Retail Subscription | 1.12x |
| Anchor | - |
IPO Intermediaries
Registrar: MUFG Intime India Private Limited
Registrar Website: https://www.in.mpms.mufg.com
IPO Lead Manager(s)
Company Information
Address: Mumbai, Maharashtra, India
Website: https://www.eaaa.in
Email: Not Available
Phone: Not Available
IPO Documents
Frequently Asked Questions (FAQ)
Explore More Investment Opportunities
Discover IPOs, unlisted shares, and broker comparison tools curated for smart investors.