EAAA India Alternatives IPO
Live Updates, GMP, Subscription Data, and Financial Details
IPO Overview
Listed
Dates
Oct 26 to Oct 28 2026
Price Band
₹1585 - 1665
Current GMP
₹1675.5 (+0.63%)
Subscription
5.51 times
IPO Details
| IPO Date | 26 to 28 Oct, 2026 |
| Listing Date | Mon, Nov 2, 2026 |
| Face Value | 5 per share |
| Price Band | 1585 to 1665 |
| Issue Price | 1665 per share |
| Lot Size | 9 Shares |
| Sale Type | OFS only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 72,07,207 shares (agg. up to ₹ 1,200 Cr) |
| Offer for Sale | 72,07,207 shares of ₹ 5 (agg. up to ₹ 1,200 Cr) |
| Share Holding Pre Issue | 6,46,55,246 shares |
| Share Holding Post Issue | 6,46,55,246 shares |
| BSE Script Code / NSE Symbol | 545008 / EDELALTS |
| ISIN | INE528L01027 |
IPO Date
26 to 28 Oct, 2026
Listing Date
Mon, Nov 2, 2026
Face Value
5 per share
Price Band
1585 to 1665
Issue Price
1665 per share
Lot Size
9 Shares
Sale Type
OFS only
Issue Type
Bookbuilding IPO
Listing At
BSE, NSE
Total Issue Size
72,07,207 shares (agg. up to ₹ 1,200 Cr)
Offer for Sale
72,07,207 shares of ₹ 5 (agg. up to ₹ 1,200 Cr)
Share Holding Pre Issue
6,46,55,246 shares
Share Holding Post Issue
6,46,55,246 shares
BSE Script Code / NSE Symbol
545008 / EDELALTS
ISIN
INE528L01027
IPO Subscription Details
| Anchor | 1 |
| QIB (Ex Anchor) | 13.80 |
| NII | 4.81 |
| bNII (> ₹10L) | 6.21 |
| sNII (< ₹10L) | 2.00 |
| Retail | 1.08 |
| Total ** | 5.51 |
Anchor
1
QIB (Ex Anchor)
13.80
NII
4.81
bNII (> ₹10L)
6.21
sNII (< ₹10L)
2.00
Retail
1.08
Total **
5.51
Day Wise Sub
| Day | QIB (Ex Anchor) | NII | NII (> ₹10L) | NII (< ₹10L) | Retail | Total |
|---|---|---|---|---|---|---|
| Oct 2 6 (Day 1) | 0.08 | 0.33 | 0.49 | 0.02 | 0.04 | 0.12 |
| Oct 2 7 (Day 2) | 0.48 | 0.72 | 1.02 | 0.13 | 0.11 | 0.35 |
| Oct 2 8 (Day 3) | 13.80 | 4.81 | 6.21 | 2.00 | 1.08 | 5.51 |
DayOct 2
6 (Day 1)
QIB (Ex Anchor)0.08
NII0.33
NII (> ₹10L)0.49
NII (< ₹10L)0.02
Retail0.04
Total0.12
DayOct 2
7 (Day 2)
QIB (Ex Anchor)0.48
NII0.72
NII (> ₹10L)1.02
NII (< ₹10L)0.13
Retail0.11
Total0.35
DayOct 2
8 (Day 3)
QIB (Ex Anchor)13.80
NII4.81
NII (> ₹10L)6.21
NII (< ₹10L)2.00
Retail1.08
Total5.51
Day Wise GMP
| GMP Date | IPO Price | GMP | Est. Listing Price |
|---|---|---|---|
| 02-11-2026 | 1665 | 54 (3.24%) | 1719 |
| 01-11-2026 | 1665 | 54 (3.24%) | 1719 |
| 31-10-2026 | 1665 | 56 (3.36%) | 1721 |
| 30-10-2026 | 1665 | 52 (3.12%) | 1717 |
| 29-10-2026 | 1665 | 37 (2.22%) | 1702 |
| 28-10-2026 | 1665 | 28 (1.68%) | 1693 |
| 27-10-2026 | 1665 | 11 (0.66%) | 1676 |
| 26-10-2026 | 1665 | 15 (0.90%) | 1680 |
| 25-10-2026 | 1665 | 33 (1.98%) | 1698 |
| 24-10-2026 | 1665 | 45 (2.70%) | 1710 |
| 23-10-2026 | 1665 | 121 (7.27%) | 1786 |
GMP Date02-11-2026
IPO Price1665
GMP54 (3.24%)
Est. Listing Price1719
GMP Date01-11-2026
IPO Price1665
GMP54 (3.24%)
Est. Listing Price1719
GMP Date31-10-2026
IPO Price1665
GMP56 (3.36%)
Est. Listing Price1721
GMP Date30-10-2026
IPO Price1665
GMP52 (3.12%)
Est. Listing Price1717
GMP Date29-10-2026
IPO Price1665
GMP37 (2.22%)
Est. Listing Price1702
GMP Date28-10-2026
IPO Price1665
GMP28 (1.68%)
Est. Listing Price1693
GMP Date27-10-2026
IPO Price1665
GMP11 (0.66%)
Est. Listing Price1676
GMP Date26-10-2026
IPO Price1665
GMP15 (0.90%)
Est. Listing Price1680
GMP Date25-10-2026
IPO Price1665
GMP33 (1.98%)
Est. Listing Price1698
GMP Date24-10-2026
IPO Price1665
GMP45 (2.70%)
Est. Listing Price1710
GMP Date23-10-2026
IPO Price1665
GMP121 (7.27%)
Est. Listing Price1786
IPO Important Dates
| IPO Open | Mon, Oct 26, 2026 |
| IPO Close | Wed, Oct 28, 2026 |
| Allotment | Thu, Oct 29, 2026 |
| Refund | Fri, Oct 30, 2026 |
| Credit of Shares | Fri, Oct 30, 2026 |
| Listing | Mon, Nov 2, 2026 |
IPO Open
Mon, Oct 26, 2026
IPO Close
Wed, Oct 28, 2026
Allotment
Thu, Oct 29, 2026
Refund
Fri, Oct 30, 2026
Credit of Shares
Fri, Oct 30, 2026
Listing
Mon, Nov 2, 2026
IPO Lot Size
| 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 |
ApplicationRetail (Min)
Lots1
Shares9
Amount₹14,985
ApplicationRetail (Max)
Lots13
Shares117
Amount₹1,94,805
ApplicationS-HNI (Min)
Lots14
Shares126
Amount₹2,09,790
ApplicationS-HNI (Max)
Lots66
Shares594
Amount₹9,89,010
ApplicationB-HNI (Min)
Lots67
Shares603
Amount₹10,03,995
Financial Information
| Period Ended | 30 Jun 2026 | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|---|
| Assets | 2,101.84 | 2,170.28 | 2,085.07 | 1,769.66 |
| Total Income | 336.13 | 963.76 | 786.54 | 584.25 |
| Profit After Tax | 80.71 | 265.20 | 229.78 | 175.16 |
| NET Worth | 1,160.38 | 1,075.54 | 966.45 | 729.48 |
| Reserves and Surplus | 1,128.24 | 1,043.40 | 934.31 | 480.64 |
| Total Borrowing | 399.20 | 441.03 | 507.49 | 444.83 |
Period EndedAssets
30 Jun 20262,101.84
31 Mar 20262,170.28
31 Mar 20252,085.07
31 Mar 20241,769.66
Period EndedTotal Income
30 Jun 2026336.13
31 Mar 2026963.76
31 Mar 2025786.54
31 Mar 2024584.25
Period EndedProfit After Tax
30 Jun 202680.71
31 Mar 2026265.20
31 Mar 2025229.78
31 Mar 2024175.16
Period EndedNET Worth
30 Jun 20261,160.38
31 Mar 20261,075.54
31 Mar 2025966.45
31 Mar 2024729.48
Period EndedReserves and Surplus
30 Jun 20261,128.24
31 Mar 20261,043.40
31 Mar 2025934.31
31 Mar 2024480.64
Period EndedTotal Borrowing
30 Jun 2026399.20
31 Mar 2026441.03
31 Mar 2025507.49
31 Mar 2024444.83
Key Performance Indicator
| ROE | 28.96% |
| Debt/Equity | 0.34 |
| RoNW | 28.96% |
| PAT Margin | 24.01% |
| NAV | 176.67 |
| P/B (x) |
ROE
28.96%
Debt/Equity
0.34
RoNW
28.96%
PAT Margin
24.01%
NAV
176.67
P/B (x)
Peers Comparison
| Company Name | EPS (Basic) | EPS (Diluted) | NAV (₹ per share) | P/E (x) | RoNW (%) | P/BV Ratio | Financial statements |
|---|---|---|---|---|---|---|---|
| EAAA India Alternatives Ltd | 41.26 | 40.36 | 163.69 | 25.97 | Standalone | ||
| 360 One Wam Ltd. | 30.16 | 29.19 | 242.17 | 35.67 | 14.39 | 4.30 | Consolidated |
| Aditya Birla Sun Life Amc Ltd. | 33.76 | 33.68 | 139.94 | 29.84 | 25.10 | 7.22 | Consolidated |
| Anand Rathi Wealth Ltd. | 47.87 | 47.17 | 120.23 | 90.69 | 47.54 | 17.82 | Consolidated |
| Hdfc Asset Management Co.Ltd. | 66.77 | 66.50 | 215.42 | 33.76 | 32.93 | 10.44 | Consolidated |
| Gaja Alternative Asset Management Ltd. | 7.17 | 7.17 | 53.73 | 16.47 | 16.47 | 2.74 | Consolidated |
| Nippon Life India Asset Management Ltd. | 24.05 | 23.63 | 73.01 | 43.99 | 34.48 | 14.23 | Consolidated |
| Nuvama Wealth Management Ltd. | 57.59 | 56.06 | 226.37 | 30.99 | 27.34 | 7.69 | Consolidated |
| Uti Asset Management Co.Ltd. | 31.51 | 31.41 | 350.50 | 27.93 | 10.38 | 2.51 | Consolidated |
| Icici Prudential Asset Management Co.Ltd. | 66.73 | 66.73 | 84.39 | 45.95 | 85.80 | 36.50 | Consolidated |
Company NameEAAA India Alternatives Ltd
EPS (Basic)41.26
EPS (Diluted)40.36
NAV (₹ per share)163.69
P/E (x)
RoNW (%)25.97
P/BV Ratio
Financial statementsStandalone
Company Name360 One Wam Ltd.
EPS (Basic)30.16
EPS (Diluted)29.19
NAV (₹ per share)242.17
P/E (x)35.67
RoNW (%)14.39
P/BV Ratio4.30
Financial statementsConsolidated
Company NameAditya Birla Sun Life Amc Ltd.
EPS (Basic)33.76
EPS (Diluted)33.68
NAV (₹ per share)139.94
P/E (x)29.84
RoNW (%)25.10
P/BV Ratio7.22
Financial statementsConsolidated
Company NameAnand Rathi Wealth Ltd.
EPS (Basic)47.87
EPS (Diluted)47.17
NAV (₹ per share)120.23
P/E (x)90.69
RoNW (%)47.54
P/BV Ratio17.82
Financial statementsConsolidated
Company NameHdfc Asset Management Co.Ltd.
EPS (Basic)66.77
EPS (Diluted)66.50
NAV (₹ per share)215.42
P/E (x)33.76
RoNW (%)32.93
P/BV Ratio10.44
Financial statementsConsolidated
Company NameGaja Alternative Asset Management Ltd.
EPS (Basic)7.17
EPS (Diluted)7.17
NAV (₹ per share)53.73
P/E (x)16.47
RoNW (%)16.47
P/BV Ratio2.74
Financial statementsConsolidated
Company NameNippon Life India Asset Management Ltd.
EPS (Basic)24.05
EPS (Diluted)23.63
NAV (₹ per share)73.01
P/E (x)43.99
RoNW (%)34.48
P/BV Ratio14.23
Financial statementsConsolidated
Company NameNuvama Wealth Management Ltd.
EPS (Basic)57.59
EPS (Diluted)56.06
NAV (₹ per share)226.37
P/E (x)30.99
RoNW (%)27.34
P/BV Ratio7.69
Financial statementsConsolidated
Company NameUti Asset Management Co.Ltd.
EPS (Basic)31.51
EPS (Diluted)31.41
NAV (₹ per share)350.50
P/E (x)27.93
RoNW (%)10.38
P/BV Ratio2.51
Financial statementsConsolidated
Company NameIcici Prudential Asset Management Co.Ltd.
EPS (Basic)66.73
EPS (Diluted)66.73
NAV (₹ per share)84.39
P/E (x)45.95
RoNW (%)85.80
P/BV Ratio36.50
Financial statementsConsolidated
IPO Reservation
| QIB | 36,03,602 |
| − Anchor Investor | 21,62,161 |
| − QIB (Ex. Anchor) | 14,41,441 |
| NII (HNI) | 10,81,082 |
| − bNII > ₹10L | 7,20,721 |
| − sNII < ₹10L | 3,60,361 |
| Retail | 25,22,523 |
| Total | 72,07,207 |
QIB
36,03,602
− Anchor Investor
21,62,161
− QIB (Ex. Anchor)
14,41,441
NII (HNI)
10,81,082
− bNII > ₹10L
7,20,721
− sNII < ₹10L
3,60,361
Retail
25,22,523
Total
72,07,207
Information about company
Incorporated on May 14, 2008, EAAA India Alternatives Limited is an alternative investment management platform focused on India’s real assets and private credit markets. It manages investment funds and provides alternative investment solutions to domestic and global institutional investors, high-net-worth individuals (“HNIs”), ultra-high-net-worth individuals (“UHNIs”) and family offices.The Company operates primarily through two business verticals: Real Assets and Private Credit, along with portfolio management services and other investment solutions. Its Real Assets vertical invests in infrastructure, commercial real estate, perpetual capital and energy transition opportunities through equity, quasi-equity and debt instruments. Its Private Credit vertical provides financing solutions across performing credit, special situations, real estate credit and investment-grade credit. The Company also offers co-investment opportunities through portfolio management services.
As of June 30, 2026, the Company managed assets under management (“AUM”) of ₹953,448.78 million and fee-paying assets under management (“FPAUM”) of ₹486,231.76 million. Its portfolio comprised 10 active Real Assets funds, including two Infrastructure Investment Trusts (“InvITs”), and 16 active Private Credit funds. The Company is supported by its wholly owned subsidiary, Sekura India Management Limited, which provides asset operating and management capabilities, including operations, maintenance, monitoring and efficiency improvement.
The Company has a diversified client base and a technology-enabled investment platform supported by dedicated investment, asset management, coverage and enterprise teams.
As of June 30, 2026, it had 277 employees across investment, asset operating and management, coverage, enterprise, legal and compliance, and other functions.
Competitive Strengths
Objectives of IPO
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.
Disclaimer
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