- Summary
- EAAA India Alternatives IPO shall be available for subscription from October 26, 2026, to October 28, 2026. The Price band is ₹1,585-₹1,665 per share, and the offer size is ₹1,200 crore via the Offer for Sale (OFS) route.
- The portfolio comprises investments in Alternative Strategies, including real assets and private credit. The lot size is 9 shares, which require a minimum investment of ₹14,985 and a maximum investment of ₹1,94,805 for retail investors.
- The minimum investment for the S-HNI category is 14 lots containing 126 shares amounting to ₹2,09,790, and the maximum S-HNI category is 66 lots containing 594 shares amounting to ₹9,89,010.
EAAA India Alternatives IPO is a ₹1,200 crore main board IPO which will open on October 26, 2026, and close on October 28, 2026. The price band is set at ₹1,585–₹1,665 per share. The entire IPO will consist of an offer for sale.
The allotment date of the IPO is set for October 29, 2026, while the tentative listing date is set for November 2, 2026, on NSE and BSE. The minimum application for this IPO is 9 shares, with the lot size of 1 at ₹14,985 and a maximum of 117 shares worth ₹1,94,805.
The minimum investment under the B-HNI category is 67 lots, comprising 603 shares, amounting to ₹10,03,995.
EAAA India Alternatives IPO Key Details
Here is a quick look at the important details of the EAAA India Alternatives IPO:
| IPO Open Date | 26, October, 2026 |
| Close Date | 28, October, 2026 |
| Face value | ₹5 per share |
| Price Band | ₹1,585 to ₹1,665 |
| Issue price | – |
| IPO Lot Size | 9 shares |
| Offer for sale | 72,07,207 shares (₹1,200 cr) |
| Fresh issue | – |
| Issue Type | Book-building IPO |
| Listing at | BSE, NSE |
| Total Issue Size (₹ Crore) | 72,07,207 shares (₹1,200 cr) |
| Minimum Investment | ₹14,985 |
EAAA India Alternatives IPO Timeline
The key dates for the EAAA India Alternatives IPO are given below:
| Bidding Opens | 26 October, 2026 |
| Bidding Closes | 28 October, 2026 |
| Allotment Planned For | 29 October, 2026 |
| Refunds Start On | 30 October, 2026 |
| Share Credit to Demat | 30 October, 2026 |
| Listing Scheduled | 2 November, 2026 |
| Cut-off for UPI mandate | 28 October, 2026 5:00 PM |
EAAA India Alternatives Key Performance Indicators (KPIs)
EAAA India Alternatives IPO KPIs are presented in the following table:
| KPIs | FY 2026 | FY 2025 | FY 2024 |
| ROE (%) | 25.97% | 27.10% | 27.30% |
| ROCE (%) | – | – | – |
| Debt-Equity (times) | 0.41 | 0.53 | 0.61 |
| RoNW (%) | 25.97% | 27.10% | 27.30% |
| PAT Margin (%) | 27.52% | 29.21% | 29.98% |
| EBITDA Margin (%) | – | – | – |
| Price Book Value | 10.17 | – |
EAAA India Alternatives IPO Financials
Here is an overview of the company’s financial figures:
| Period | FY 2026 | FY 2025 | FY 2024 |
| Total Assets | 21,702.77 | 20,850.71 | 17,696.59 |
| Revenue from operations | 8,695.40 | 6,702.59 | 4,925.79 |
| Profit After Tax | 2,651.97 | 2,297.79 | 1,751.60 |
EAAA India Alternatives IPO Subscription Status
Subscription Details Not Yet Available
Subscription information will be displayed once the bidding process starts.
Bidding is open from 10:00 AM to 5:00 PM on public issue days.
EAAA India Alternatives IPO Grey Market Premium
The listing date for the EAAA India Alternatives IPO is expected on 2, November, 2026, with a price range of ₹1,585- ₹1,665 per equity share. Grey market premiums (GMPs) can fluctuate frequently because they are unofficial.
| GMP Date | GMP | Est. Listing Price on upper price-₹1665.00 | Est. Profit* | Trend |
| 24-Oct 12:37 | ₹121 (7.27%) ─ | ₹1786 | ₹1,089 | Stable |
| 23-Oct 23:37 | ₹121 (7.27%) ─ | ₹1786 | ₹1,089 | Initial |
Note: GMP represents sentiment in the unofficial market and should not be considered an indication of assured listing returns.
EAAA India Alternatives IPO Reservation
The share allocation for each investor category is outlined below:
| Investor Category | Reservation |
| Market Maker | – |
| QIB | Not more than 50% of the net offer |
| NIIs | Not less than 15% of the net offer |
| Retail Investors | Not less than 35% of the net offer |
| Total Shares | – |
EAAA India Alternatives IPO Lot Size
The applicable lot sizes for different investor categories are as follows:
| Application Type | Lots | Shares | Amount |
| Individual Investor – Minimum | 1 | 9 | ₹14,985 |
| Individual Investor – Maximum | 13 | 117 | ₹1,94,805 |
| S-HNI Minimum | 14 | 126 | ₹2,09,790 |
| S-HNI Maximum | 66 | 594 | ₹9,89,010 |
| B-HNI Minimum | 67 | 603 | ₹10,03,995 |
EAAA India Alternatives IPO Anchor Investors
The allotment status of the EAAA India Alternatives IPO is currently not yet available. As a result, information related to anchor bidding, share allocation, investment value, and lock-in periods will be added once it is disclosed.
EAAA India Alternatives IPO Prospectus
For more information on the EAAA India Alternatives IPO, check the links below:
About EAAA India Alternatives IPO
Incorporation: 2008
Managing Director: Venkatchalam Ramaswamy
EAAA India Alternatives Limited is an alternative asset management firm that helps investors invest in assets beyond stocks and bonds. EAAA is primarily engaged in real assets and private credit. In the real assets category, the firm’s investments include infrastructure, renewables, and commercial real estate, while in the private credit category, the firm provides financing to ventures that need flexible financing options.
The firm’s target customers include institutions, pension funds, insurance companies, family offices, and high net-worth individuals. The company makes its money through management and performance fees. The company’s investment strategy includes generating income and creating value.
| Issue Registrar | MUFG Intime India Pvt. Ltd. |
| Lead Manager | Axis capital Limited, Jefferies India Private limited, Motilal oswal Investment Advisors Limited, Nuvama Wealth management limited |
EAAA India Alternatives IPO Objectives
Strengths of EAAA India Alternatives IPO
Among the many business strengths that the investors can consider when assessing EAAA India Alternatives are the increasing assets under management, diversification of investment strategies, and improved financial performance.
- Increase in Profit: The company’s profit after tax grew from ₹1,751.60 million in FY2024 to ₹2,651.97 million in FY2026, representing a 51.40% increase.
- Diversified Investment Strategies: The company has invested in real assets and private credit, indicating it has more than one investment strategy. As of June 2026, the company has 10 real assets funds, of which 2 are infrastructure investment trusts and 16 private credit funds. The company’s business model enables it to cater to various types of investors.
- Present Network of Clients and Repeat Investors: As of 30th June 2026, the funds managed by the firm have a client base of 11,009 clients, both in India and overseas, of which 1,493 are repeat clients. Reinvesting is a measure of investor confidence and is used to fund future fundraising. This company has an investment base consisting of institutions, insurance companies, pension funds, and individuals.
Risks of EAAA India Alternatives IPO
Given these considerations, investors should assess the risks associated with EAAA India Alternatives before investing in the firm. This is as illustrated by the firm in its prospectus. Among these risks are income volatility, concentration, regulatory risk, and valuation risk in alternative investments.
- Income Volatility Based on Performance: The company generates revenue from management and advisory fees, general partner fees, and other income. Other income, which accounted for 30.14% of total income during FY2026, depends on investment performance. If the firm’s funds fall short of expectations, its income will be adversely affected.
- Customer Concentration: The firm’s top 10 customers accounted for 25.74% of fee-paying assets under management. The loss of any of these customers will affect the firm’s ability to raise funds.
- Regulatory Risk: Regulatory comments regarding specific funds or schemes, including past delayed reports, compliance, and conflict-of-interest disclosures, have been discussed in the company’s offer document. Despite the remedial steps undertaken, future non-compliance with the requirements may result in regulatory action or restrictions on the business’s operations.
EAAA India Alternatives IPO Review
EAAA India Alternatives Limited is an alternative asset manager that invests in real assets and private credit. EAAA India Alternatives Limited is responsible for managing investments in real assets, including real estate, infrastructure, and private credit, for institutional investors, family offices, and HNWIs.
The company earns its income through investment management fees and performance-linked earnings. In the financial year 2026, EAAA India Alternatives Limited’s profit after tax grew from ₹1,751.60 million in FY2024 to ₹2,651.97 million in FY2026.
EAAA India Alternatives Limited has an offer-for-sale IPO structure. Some major risks for the company include performance-linked income risk, client risk, compliance risk, and investment illiquidity. The company’s financial performance, fee-paying assets under management, valuation of the issue, and disclosed risk factors are important factors.
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EAAA India Alternatives IPO FAQs
EAAA India Alternatives is an alternative asset manager that invests in real assets and private credit. The offer starts on 26, October, 2026 and ends on 28, October, 2026.
Investors can apply for the IPO through their stockbroker or through any approved online IPO portal. Investors usually have the option to apply for the IPO through the ASBA route via banks.
Investors are required to evaluate the company themselves by considering the merits and demerits of the company’s financials, borrowings, customers, suppliers, and the purpose for raising funds via the IPO.
There is no guaranteed return from an IPO. Post-listing stock price may vary depending on market conditions, demand, performance, and trading activity. GMP is also unscheduled and can be revised even prior to listing.
EAAA India Alternatives IPO is set to open on October 26, 2026. The closing date of the IPO is October 28, 2026, as per the available IPO schedule.
The number of shares in each lot is 9. The price band is ₹1,585-₹1,665, and the listing is on the BSE and NSE.
The allotment date is set for October 29, 2026. The next step will be the refund and allotment of shares in accordance with the final allotment.
The shares will be listed on November 2, 2026. The listing will be done on the BSE and NSE platforms as per the IPO schedule.
