About EAAA India Alternatives Ltd IPO
EAAA India Alternatives IPO is a book-built issue of Rs 1,200 crores. The IPO comprises an entirely offer for sale (OFS) of up to 72.07 lakh equity shares, with no fresh issue component. The EAAA India Alternatives IPO subscription opens on October 26, 2026, and closes on October 28, 2026, with the basis of allotment expected to be finalised on October 29, 2026. The EAAA India Alternatives IPO shares are scheduled to list on the BSE and NSE, with a tentative listing date of November 2, 2026.
The EAAA India Alternatives IPO price band is set at Rs 1,585 to Rs 1,665 per share, with a minimum lot size of 9 shares. Axis Capital Limited, Jefferies India Private Limited, Motilal Oswal Investment Advisors Limited, and Nuvama Wealth Management Limited are the book-running lead managers, while MUFG Intime India Private Limited is the registrar to the issue. For detailed information, investors can refer to the official EAAA India Alternatives Limited IPO Red Herring Prospectus (RHP).
About EAAA India Alternatives Limited
Incorporated in May 2008, EAAA India Alternatives Limited is one of India’s leading alternative investment platforms, with over 17 years of experience in managing long-term investments. As of June 30, 2026, the company had assets under management (AUM) of Rs 95,344.88 crore, serving a diverse base of domestic and international investors.
The company operates through two key business segments: Real Assets, which invests in equity, quasi-equity and debt instruments, and Private Credit, which primarily invests in debt and convertible debt instruments. Through these segments, the company aims to generate attractive risk-adjusted returns for its investors.
EAAA India Alternatives has a strong track record of raising and managing capital across multiple fund series. Its fee-paying assets under management (FPAUM) stood at Rs 48,623.18 crore as of June 30, 2026, while its FPAUM grew at a compound annual growth rate (CAGR) of approximately 23.43% over the last three financial years to Rs 44,710.44 crore in FY2026.
The company serves a diverse client base that includes pension funds, insurance companies, banks, high-net-worth individuals (HNIs), ultra-high-net-worth individuals (UHNIs) and family offices. As of June 30, 2026, it had 11,009 client relationships, including 1,493 repeat clients. Repeat clients contributed 77% of its AUM, reflecting strong long-term relationships and continued investor confidence.
The company is supported by experienced investment, asset management, client coverage and corporate teams. Its wholly owned subsidiary, Sekura India Management Limited, supports portfolio operations, maintenance, monitoring and asset optimisation. EAAA India Alternatives also has a presence in Mumbai, New Delhi, GIFT City and Singapore, helping it serve clients across India and international markets.
The company is also committed to responsible investing and has been a signatory to the United Nations-supported Principles for Responsible Investment (PRI) since January 2023.
As of June 30, 2026, the company had a workforce of 277 employees across various functions.
EAAA India Alternatives IPO is a book-built issue of Rs 1,200 crores. The IPO comprises an entirely offer for sale (OFS) of up to 72.07 lakh equity shares, with no fresh issue component. The EAAA India Alternatives IPO subscription opens on October 26, 2026, and closes on October 28, 2026, with the basis of allotment expected to be finalised on October 29, 2026. The EAAA India
EAAA India Alternatives IPO Subscription Breakdown
| Investory Category | Subscription Percentage | Amount Raised (₹ Crores) |
|---|---|---|
| Qualified Institutional Buyers (QIBs) | 50% | 36,03,603.5 crores |
| Non-Institutional Investors (NIIs) | 15% | 10,81,081.05 crores |
| Retail Individual Investors (RIIs) | 35% | 25,22,522.45 crores |
EAAA India Alternatives IPO Strengths & Weaknesses
Experienced Player in a Growing Market: Over 17 years of experience in India’s alternative investments market.
Diversified Investment Platform: Offers multiple investment strategies across private credit and real assets.
Strong and Diversified Client Base: Serves 11,009 client relationships across institutional and non-institutional investors in India and international markets, as of June 30, 2026.
Technology-Enabled Operations: Uses in-house technology and third-party solutions to improve efficiency, client experience and risk management.
Revenue Dependence: Income and profits depend on management fees, advisory fees, GP income and variable additional returns.
Growth Uncertainty: Past growth may not reflect future performance, and ineffective growth management could affect financial results.
Valuation Risks: Asset valuations involve subjective assumptions and may not be fully realised.
No Listed Peers: Lack of directly comparable listed Indian companies may affect investor perception and valuation.
EAAA India Alternatives IPO Important Dates & Issue Details
| Allotment Date | Listing Date | Refund Date |
|---|---|---|
| 29 Oct '26 | 02 Nov '26 | 30 Oct '26 |
| Issue Composition: | |
|---|---|
| Face Value | ₹5 per share |
| Total Issue Size | 72,07,207 shares (aggregating up to To be announced) |
| Fresh Issue | 0 shares (aggregating up to To be announced) |
| Offer for Sale | 14,41,441.4 shares of ₹5 (aggregating up to ₹72,07,207 crores) |
| Issue Type | Book Building IPO |
| Post-Issue Shareholding Pattern: | |
|---|---|
| Pre-Issue Shareholding | 95.03 shares |
| Post-Issue Shareholding | 83.88 shares |
EAAA India Alternatives IPO Lot Size and Investment Details
| Minimum Lot Size | 9 shares |
| Maximum Lot Size (Retail) | -- |
The lot size of EAAA India Alternatives ipo has been designed to ensure broad participation while maintaining optimal price discovery.
How to Apply for EAAA India Alternatives IPO
- Log in to your Choice account
- Select IPO
- Enter the number of lots and your price
- Verify UPI ID
- Complete the transaction on your UPI app
EAAA India Alternatives IPO Contact & Registrar Details
Contact Details
Address
Edelweiss House, Off C.S.T Road Mumbai City Kalina Mumbai
Phone Number
Website
Registrar Details
Registrar Name
MUFG Intime India Pvt.Ltd.
Phone Number
EAAA India Alternatives Lead Manager(s)
| Book Running Lead Manager(s) |
|---|
| Axis Capital Ltd. | Jefferies India Pvt.Ltd. | Motilal Oswal Investment Advisors Ltd. | Nuvama Wealth Management Ltd. |



