The EAAA India IPO entered its second day of bidding on October 27, 2026, after investors subscribed to 11% of the shares on offer on the first day. The Rs 1,200-crore offering closes on October 28.

Key Takeaways

  • The offering consists entirely of shares sold by a promoter, so the company will not receive IPO proceeds.
  • The price band is Rs 1,585–1,665 per share, with a minimum application of nine shares.
  • Shares are tentatively scheduled to list on the NSE and BSE on November 2.

EAAA India IPO subscription by investor category

On the first day, the offer received bids for 11% of the 52.99 lakh shares available. Non-institutional investors showed the strongest demand among the reported categories.

ItemDetails
Retail individual investors4% subscribed; 26.49 lakh shares reserved
Non-institutional investors32% subscribed; 11.35 lakh shares reserved
Qualified institutional buyers8% subscribed; 15.14 lakh shares reserved

Offer terms and grey market indication

Edelweiss Securities & Investments Pvt. Ltd. is selling 72.07 lakh equity shares in an offer for sale. Because there is no fresh share issue, proceeds will go to the selling shareholder rather than EAAA India Alternatives.

Investors can apply for at least nine shares and in multiples of nine thereafter. At the top of the price band, the minimum retail application is Rs 14,985. Before the public offer, the company raised Rs 360 crore from anchor investors at Rs 1,665 per share.

The shares carried an unofficial grey market premium of Rs 15 over the upper price band, or around 1%. That indication does not guarantee the eventual listing price or returns.

Financial results and investment business

EAAA India Alternatives manages investments focused on Indian real assets and private credit. Its clients include institutional investors, wealthy individuals and family offices.

Total income rose to Rs 964 crore in FY26 from Rs 787 crore in FY25, while profit after tax increased to Rs 265 crore from Rs 230 crore. As of June 30, 2026, assets under management stood at Rs 95,344.88 crore, including Rs 48,623.18 crore of fee-paying assets.

Next milestone

Bidding closes on October 28, with the basis of allotment expected to be finalized on October 29.

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