EAAA India Alternatives IPO
Bookbuilding IPO | ₹1,200.00 Cr | Listing at BSE, NSE
Open
IPO Open
Mon, Oct 26, 2026
IPO Close
Wed, Oct 28, 2026
Price Band
₹1,585.00 to ₹1,665.00
Market Cap (Pre-IPO)
₹10,765.10 Cr
IPO Details
| IPO Date | Oct 26, 2026 to Oct 28, 2026 |
| Listing Date | Tentative: Nov 02, 2026 |
| Face Value | ₹5.00 per share |
| Price Band | ₹1,585.00 to ₹1,665.00 |
| Lot Size | 9 Shares (Minimum: ₹14,985.00) |
| Sale Type | Offer For Sale |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Issue Size | ₹1,200.00 Crores |
| Total Shares Offered | 7,207,207 shares |
| Fresh Issue | 7,207,207 shares |
| Offer For Sale | 7,207,207 shares |
EAAA India Alternatives IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50% of the Net Offer |
| Retail Shares Offered | Not less than 35% of the Net Offer |
| NII Shares Offered | Not less than 15% of the Net Offer |
EAAA India Alternatives IPO Lot Size
Investors can bid for a minimum of 9 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 9 | ₹14,985 |
| Retail (Max) | 13 | 117 | ₹194,805 |
| S-HNI (Min) | 14 | 126 | ₹209,790 |
| S-HNI (Max) | 66 | 594 | ₹989,010 |
| B-HNI (Min) | 67 | 603 | ₹1,003,995 |
EAAA India Alternatives Financial Information (Restated Consolidated)
EAAA India Alternatives Ltd.'s revenue increased by 23% and profit after tax (PAT) rose by 15% between the financial year ending with March 31, 2026 and March 31, 2025.
| 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 |
| EBITDA | - | - | - | - |
| 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 |
Amount in ₹ Cr
Key Performance Indicators
As of Tuesday, March 31, 2026| KPI | Values |
|---|---|
| ROE (Return on Equity) | 25.97% |
| Debt/Equity | 0.41 |
| RoNW (Return on Net Worth) | 25.97% |
| PAT Margin (Profit After Tax Margin) | 27.52% |
| Price to Book Value | 10.17 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 41.02 | 49.93 |
| P/E (x) | 40.59 | 33.35 |
Company Overview
EAAA India Alternatives Limited – Company Overview
- 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. The Company 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.
- Real Assets: Invests in infrastructure, commercial real estate, perpetual capital and energy transition opportunities through equity, quasi-equity and debt instruments.
- Private Credit: 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's wholly owned subsidiary, Sekura India Management Limited, 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, the Company had 277 employees across investment, asset operating and management, coverage, enterprise, legal and compliance, and other functions.
Company Strengths
- Established Market Presence: Over 17 years of experience in alternative investment management.
- Diversified Investment Platform: Presence across real assets, private credit and portfolio management services.
- Strong Assets Under Management: Managed AUM of ₹953,448.78 million as of June 30, 2026.
- Diversified Client Base: Long-standing relationships with institutional and non-institutional investors across multiple geographies.
- Technology-Enabled Operations: Dedicated asset operating and management platform through Sekura India Management Limited.
- Comprehensive Risk Management: Structured investment assessment, portfolio monitoring and risk management systems.
- Experienced Management Team: Led by professionals with extensive asset management, investment and risk management experience.
EAAA India Alternatives IPO Peer Comparison
| Company Name | EPS (Basic) | EPS (Diluted) | NAV (per share) (Rs) | 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 |
Quick Info
| Sector | Financial Services |
| Exchange | BSE, NSE |
| Market Cap (Pre-IPO) | ₹10,765.10 Cr |
Important Dates
| IPO Open | Oct 26, 2026 |
| IPO Close | Oct 28, 2026 |
| Allotment Date | Oct 29, 2026 |
| Credit to Demat | Oct 30, 2026 |
| Listing Date | Tentative: Nov 02, 2026 |
Lead Manager(s)
Axis Capital Ltd.
Registrar
Description
- IPO Type: Book build issue aggregating to ₹1,200.00 crores.
- Issue Structure: The issue is entirely an offer for sale of 72.07 lakh shares aggregating to ₹1,200.00 crores.
- IPO Dates: The issue opens for subscription on October 26, 2026 and closes on October 28, 2026.
- Allotment Date: The allotment is expected to be finalized on October 29, 2026.
- Listing Details: The shares are proposed to be listed on NSE and BSE on November 2, 2026.
- Retail Investment Requirement: Minimum 1 lot (9 shares) amounting to approximately ₹14,985 at the upper price band.
- Issue Price Band: ₹1,585 to ₹1,665 per equity share.
- Lot Size: 9 shares per lot.
This IPO offers investors an opportunity to participate in the company through an offer for sale by existing shareholders.