EAAA India Alternatives rises on debut

The stock debuted at Rs 1,673 on the BSE, a premium of 0.48% over its issue price.

So far, the stock has hit a high of Rs 1,729.30 and a low of Rs 1,600.10. On the BSE, over 3.09 lakh shares of the company were traded in the counter so far.

EAAA India Alternatives was subscribed 5.25 times. The issue opened for bidding on 26 October 2026 and closed on 28 October 2026. The price band of the IPO was fixed between Rs 1,585 and 1,665 per share.

The issue opened for bidding on 26 October 2026 and closed on 28 October 2026. The price band of the IPO was fixed between Rs 1,585 and 1,665 per share.

The initial public offer (IPO) comprises an offer for sale (OFS) by promoter Edelweiss Securities and Investments to raise Rs 1,200 crore through the sale of 0.76 crore equity shares at the lower price band of Rs 1,585 per share (face value Rs 5 each) and 0.72 crore equity shares at the upper price band of Rs 1,665 per share.

The promoter's shareholding in the company will decline to 83.88% post-IPO from 95.03% pre-IPO. The issue will be made through the book-building process and will open on 26 October 2026 and close on 28 October 2026.

Ahead of the IPO, EAAA India Alternatives, 23 October 2026, raised Rs 359.99 crore from anchor investors. The board allotted 21.62 lakh shares at Rs 1,665 each to 26 anchor investors.

EAAA India Alternatives, incorporated in 2008, is a prominent alternatives platform in India, managing long-term patient capital with an AUM of Rs 95,344.88 crore at end June 2026. Its key business verticals are real assets investing in a combination of equity, quasi-equity, and debt, and private credit, focusing on debt or convertible debt instruments for superior returns. The wholly owned subsidiary, Sekura India Management, supports various operational aspects of these verticals, offering expertise in operations, maintenance, and turnaround management.

The fee-paying AUM (FPAUM) reached Rs 48,623.18 crore at end June 2026, experiencing a CAGR of 23.43% over the past three financial years.

EAAA has developed a strong global and diverse client base of 11,009 relationships by end June 2026, with 77% of AUM from repeat clients. The composition includes 49.32% of institutional clients such as pension funds and insurance companies, and the remaining from UHNIs, HNIs, and family offices. The established presence in Mumbai, New Delhi, GIFT City, and Singapore enhances client coverage across North America, Europe, and Asia.

The income comes from management and advisory fees accounting for 60.08% of total income in FY26, variable additional returns (30.14%) linked to fund performance, and General Partner (GP) income (8.3%) from co-investments.

The firm reported a 44.95% year-on-year (YoY) increase in consolidated net profit to Rs 80.71 crore, while income from operations rose 44.4% YoY to Rs 275.53 crore in the quarter ended 30 June 2026.

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