EAAA India Alternatives Ltd, an alternative investment management platform backed by the Edelweiss group, will launch its Rs 1,200-crore initial public offering (IPO) on October 26. The issue will close on October 28, with the company set to list its shares on the BSE and NSE on November 2. The IPO is entirely an offer for sale (OFS), meaning the proceeds will go to the selling shareholders and the company will not receive any funds from the issue. The price band for the IPO is yet to be announced. Axis Capital Ltd is the book-running lead manager, while MUFG Intime India Pvt Ltd is the registrar for the issue. The public issue will open for subscription on October 26 and close on October 28. The allotment is expected to be finalised on October 29. Shares are expected to be credited to successful applicants' demat accounts on October 30. Refunds for unsuccessful applicants are also scheduled for October 30, while the listing is tentatively planned for November 2. The company has a face value of Rs 5 per share. Details such as the price band and the number of shares on offer are yet to be announced. EAAA India Alternatives IPO: Investor Reservation Under the proposed issue structure, qualified institutional buyers (QIBs) can be allocated not more than 50 per cent of the net offer. Retail investors will have a reservation of at least 35 per cent, while non-institutional investors (NIIs) will have at least 15 per cent of the net offer. What Does EAAA India Alternatives Do? Incorporated on May 14, 2008, EAAA India Alternatives operates in India's alternative investment management sector, with a focus on real assets and private credit. The company provides investment solutions to institutional investors, high-net-worth individuals, ultra-high-net-worth individuals and family offices in India and overseas. Its business is organised into two main verticals — Real Assets and Private Credit — alongside portfolio management services and other investment solutions. The Real Assets business invests in infrastructure, commercial real estate, energy transition and perpetual capital opportunities through equity, quasi-equity and debt instruments. Its Private Credit business provides financing across performing credit, special situations, real estate credit and investment-grade credit. The company's wholly owned subsidiary, Sekura India Management Ltd, provides asset operating and management services, including operations, maintenance, monitoring and efficiency improvement. As of June 30, 2026, EAAA India Alternatives managed assets under management (AUM) of Rs 95,344.88 crore. Its fee-paying assets under management stood at Rs 48,623.18 crore. Its portfolio included 10 active Real Assets funds, including two infrastructure investment trusts (InvITs), and 16 active Private Credit funds. The company had 277 employees as of June 30, 2026. EAAA India Alternatives Financial Performance The company's financial performance improved in the financial year ended March 2026, with both income and profit rising from the previous year. EAAA India Alternatives reported total income of Rs 963.76 crore in FY26, up from Rs 786.54 crore in FY25. Profit after tax (PAT) increased to Rs 265.20 crore from Rs 229.78 crore over the same period. Total borrowings declined to Rs 399.20 crore as of June 30, 2026, from Rs 441.03 crore at the end of March 2026. Why Is the EAAA India Alternatives IPO an Offer for Sale? Since the IPO is entirely an OFS, EAAA India Alternatives will not receive any part of the issue proceeds. The money raised will go to the shareholders selling their stakes. Investors evaluating the issue will be able to assess the company's business model, financial performance, assets under management and valuation once the price band and other offer details are announced. The company's promoters include Edelweiss Financial Services Ltd, Edelweiss Securities & Investments Pvt Ltd, Edel Finance Co Ltd and Edelweiss Global Wealth Management Ltd. Add Zee Business as a Preferred Source Zee Business Related Topics RECOMMENDED Varun Yadav Varun Yadav Varun Yadav is a Sub Editor at Zee Business Digital. He writes articles on markets, personal finance, mutual funds, and more. He previously worked in News18 English and ET ...Read More twitter