EAAA India Alternatives IPO Subscription Update: Issue Subscribed 5.25 on Day 3
On the third and final day of bidding, the EAAA India Alternatives IPO received bids for 2,78,10,756 shares against 52,99,684 shares available for subscription, according to NSE data, with the issue subscribed 5.25 times. The Retail Individual Investor (RII) category was subscribed 1.03 times, while the Non-Institutional Investor (NII) category stood at 4.57 times. The Qualified Institutional Buyer (QIB) portion, excluding the anchor allocation, was subscribed 13.13 times at the time of the update. Investors can also visit our IPO page to track subscription updates and other upcoming public issues.
| Sr. No. | Category | Subscription (Times) |
|---|---|---|
| 1 | Qualified Institutional Buyers (QIBs) | 13.13 |
| 2 | Non-Institutional Investors (NIIs) | 4.57 |
| 3 | Retail Individual Investors (RIIs) | 1.03 |
| - | Total | 5.25 |
EAAA India Alternatives Overview and Purpose
The EAAA India Alternatives IPO is offering up to Rs. 1,200 crore through an Offer for Sale (OFS) of 72.07 lakh equity shares. The issue is priced in the range of Rs. 1,585 to Rs. 1,665 per share, with a minimum lot size of 9 shares.
Since the IPO consists entirely of an OFS, the proceeds will go to the existing selling shareholder, Edelweiss Securities and Investments Private Limited. The company will not receive any proceeds from the issue.
Disclaimer
Investments in the securities market are subject to market risks. Read all related documents carefully before investing. Registration granted by SEBI, and certification from NISM in no way guarantee the performance of the intermediary or provide any assurance of returns to investors. Choice Equity Broking Private Limited: SEBI Reg No. Broking - INZ000160131 ( BSE - 3299 ) | ( NSE - 13773 ) | ( MSEI - 73200 ) | ( MCX - 40585 ) | ( NCDEX - 01006 ). Depository Participant SEBI Reg. No. - IN - DP - 84 - 2015, DP ID CDSL - 12066900, NSDL ID - IN301895. Research Analyst - INH000000222 (CIN. NO.: U65999MH2010PTC198714)
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