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EAAA India Alternatives IPOLISTED
EAAA India Alternatives Limited is an alternative asset management company specialising in real assets, infrastructure, commercial real estate and private credit investments for institutional and high-net-worth investors
Listing price
₹1,675.5
+0.63%
Current price
—
Not available
Issue price
₹1,665
Upper band
Listed on
02 Nov 26
EAAAINDIAALTERNATIVES
- Open26 Oct
- Close28 Oct
- Allotment29 Oct
- Refund30 Oct
- Demat30 Oct
- Listing2 Nov
Listed at
₹1,675.5
+0.63% on 02 Nov 26
Overview
Price band
₹1585-1665
Lot size
9 shares
Face value
₹5 / share
Issue type
Book Built Issue
Min. investment
₹14,985
Listing at
NSE, BSE
Issue Size : 72,07,207 shares worth ₹1,200 Cr
- Offer for Sale : 72,07,207 shares worth ₹1,200 Cr
IPO Share Reservation
Total
30%
Lot size & investment
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 9 | ₹14,985 |
| Retail (Max) | 13 | 117 | ₹1,94,805 |
| S-HNI (Min) | 14 | 126 | ₹2,09,790 |
| S-HNI (Max) | 66 | 594 | ₹9,89,010 |
| B-HNI (Min) | 67 | 603 | ₹10,03,995 |
Listing performance
Listing gain
+0.63%
Gain per retail lot
₹94.50
Latest vs issue
—
GMP was
₹35 (+2.10%)
Latest price shows here when a live quote is available (NSE main-board stocks).
Live GMP
GMP
₹35+2.10%
Exp. listing
₹1,700
Retail profit
₹3159 shares
HNI profit
₹4,410126 shares
Latest GMP
₹35
All-time high
₹65
All-time low
₹35
Subscription
Live category-wise bids appear here once bidding opens on 26 Oct 26. Reserved share of the issue:
Financials
| Period(₹ Cr) | Revenue | Expense | PAT | Assets | Borrowing |
|---|---|---|---|---|---|
| Mar 2024 | 584.25 | 371.56 | 175.16 | 1,769.66 | 444.83 |
| Mar 2025 | 786.54 | 502.24 | 229.78 | 2,085.07 | 507.49 |
| Mar 2026 | 963.76 | 615.24 | 265.2 | 2,170.28 | 441.03 |
| Jun 2026 | 336.13 | 230.33 | 80.71 | 2,101.84 | 399.2 |
KPI & Valuation
Key performance indicators
- ROE
- 28.96%
- PAT Margin
- 24.01%
- Debt to Equity Ratio
- 0.34
- RoNW
- 28.96%
As of 30 Jun 2026
Valuation
- EPS Pre IPO
- ₹41.02
- EPS Post IPO
- ₹49.93
Peer comparison
| Company | Face value | P/E |
|---|---|---|
| 360 One WAM Limited | ₹1 | 35.67 |
| Aditya Birla Sun Life AMC Limited | ₹5 | 29.84 |
| Anand Rathi Wealth Limited | ₹5 | 90.69 |
| HDFC Asset Management Company Limited | ₹5 | 33.76 |
| Gaja Alternative Asset Management Limited | ₹5 | 16.47 |
| Nippon Life India Asset Management Limited | ₹10 | 43.99 |
| Nuvama Wealth Management Limited | ₹2 | 30.99 |
| UTI Asset Management Company Limited | ₹10 | 27.93 |
| ICICI Prudential Asset Management Company Limited | ₹1 | 45.94 |
Strengths & risks
Strengths
- Strong Experience with over 17 years in alternative asset management.
- Large AUM managing ₹95,344.88 crore as of June 2026.
- Diversified Business across Real Assets and Private Credit.
- Strong Client Retention with 77% of AUM from repeat clients.
- Growing FPAUM with 23.43% CAGR over three financial years.
Risks
- Liquidity Risk due to limited exit opportunities in alternative investments.
- Performance Risk as weak fund returns may affect fundraising.
- High Competition from asset managers, banks and NBFCs.
- Overseas Exposure with 33.80% of AUM from foreign clients.
- Regulatory Risk from changes in laws, taxation and compliance requirements.
Objects of the issue
The EAAA India Alternatives Ltd. IPO is a 100% Offer for Sale (OFS), so the company will not receive any funding and the entire IPO proceeds will go to the selling shareholders.
Promoter Holdings
Company Promoter(s)
- Edelweiss Financial Services Ltd.
- Edelweiss Securities & Investments Pvt.Ltd.
- Edel Finance Co.Ltd.
- Edelweiss Global Wealth Management Ltd.
Registrar & contacts
Registrar
MUFG Intime India Pvt. Ltd.
Company
EAAA India Alternatives Ltd.
- Edelweiss House, Off C.S.T Road, Mumbai City, Kalina, Mumbai, Maharashtra, 400098
- 2240194706
- ipo@eaaa.in
- https://www.eaaa.in/
Documents
Lead managers
About EAAA India Alternatives
EAAA India Alternatives Limited, formerly known as Edelweiss Alternative Asset Advisors Limited, is a Mumbai-based alternative asset management company specialising in real assets and private credit investments. Incorporated in May 2008, the company manages India-focused investment funds for domestic and international institutional investors, high-net-worth individuals (HNIs), ultra-high-net-worth individuals (UHNIs) and family offices.
The company operates through two primary business verticals:
- Real Assets: Invests in infrastructure and commercial real estate through equity, quasi-equity and debt instruments. Its four investment strategies include Infrastructure Yield, Commercial Real Estate Yield, Perpetual Capital and Energy Transition. As of June 30, 2026, it managed 10 active funds, including two InvITs.
- Private Credit: Provides structured financing solutions through debt and convertible debt instruments across four strategies: Performing Credit, Special Situations, Real Estate Credit and Investment Grade Credit. As of June 30, 2026, it managed 16 active funds.
- Other Investment Services: Offers Portfolio Management Services (PMS) and co-investment opportunities alongside its managed funds.
As of June 30, 2026, the company had Assets Under Management (AUM) of ₹95,344.88 crore and Fee-Paying Assets Under Management (FPAUM) of ₹48,623.18 crore. Its wholly owned subsidiary, Sekura India Management Limited, supports asset operations, maintenance, monitoring and efficiency improvements.
The company primarily earns revenue through management and advisory fees, performance-linked returns and investment income. As of June 30, 2026, it had 11,009 client relationships, including 1,493 repeat clients, with operations spanning Mumbai, New Delhi, GIFT City and Singapore.
As of June 30, 2026, EAAA India Alternatives emplo