EAAA India Alternatives IPO Price: ₹1585 to ₹1665 per share
IPO Dates: 26 to 28 Oct, 2026
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.
Business Operations
The Company operates primarily through two business verticals: Real Assets and Private Credit, alongside portfolio management services and other investment solutions. Its Real Assets vertical invests in infrastructure, commercial real estate, perpetual capital and energy transition opportunities through equity, quasi-equity and debt instruments. The Private Credit vertical provides financing across performing credit, special situations, real estate credit and investment-grade credit. The Company also offers co-investment opportunities through portfolio management services.
Assets Under Management and Fund Portfolio
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.
Asset Management Capabilities
The Company’s wholly owned subsidiary, Sekura India Management Limited, provides asset operating and management capabilities, including operations, maintenance, monitoring and efficiency improvement. Its investment platform is supported by dedicated investment, asset management, coverage and enterprise teams, alongside technology-enabled operations.
Client Base
The Company serves a diversified client base of institutional and non-institutional investors across multiple geographies, including domestic and global institutions, HNIs, UHNIs and family offices.
Workforce
As of June 30, 2026, the Company had 277 employees across investment, asset operating and management, coverage, enterprise, legal and compliance, and other functions.
Competitive Strengths
- Established presence in alternative investment management, with over 17 years of experience.
- Diversified investment platform spanning real assets, private credit and portfolio management services.
- AUM of ₹953,448.78 million as of June 30, 2026.
- Diversified client base with relationships across multiple geographies.
- Technology-enabled asset operating and management capabilities through Sekura India Management Limited.
- Structured investment assessment, portfolio monitoring and risk management systems.
- Experienced management team with expertise in asset management, investment and risk management.
Bidding Starts In
EAAA India Alternatives Limited IPO Specifics:
| IPO Date | 26 to 28 Oct, 2026 |
| Listing Date | Mon, Nov 2, 2026 |
| Face Value | ₹5 per share |
| Price Band | ₹1585 to ₹1665 |
| Lot Size | 9 Shares |
| Sale Type | OFS only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 72,07,207 shares (agg. up to ₹1,200 Cr) |
| Offer for Sale | 72,07,207 shares of ₹5 (agg. up to ₹1,200 Cr) |
| Share Holding Pre Issue | 6,46,55,246 shares |
| Share Holding Post Issue | 6,46,55,246 shares |
EAAA India Alternatives Limited IPO Timetable (Important Dates)
| Event | Date |
|---|---|
| IPO Open | Mon, Oct 26, 2026 |
| IPO Close | Wed, Oct 28, 2026 |
| Allotment | Thu, Oct 29, 2026 |
| Refund | Fri, Oct 30, 2026 |
| Credit of Shares | Fri, Oct 30, 2026 |
| Listing | Mon, Nov 2, 2026 |
EAAA India Alternatives Limited IPO Lot Size
Bidders have the opportunity to bid for a minimum of 9 shares, with the option to increase in multiples. The table below outlines the minimum and maximum investment thresholds for both retail investors and High Net Worth Individuals (HNIs), specifying the corresponding number of shares and amounts involved.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 9 | ₹14,985 |
| Retail (Max) | 13 | 117 | ₹1,94,805 |
| S-HNI (Min) | 14 | 126 | ₹2,09,790 |
| S-HNI (Max) | 66 | 594 | ₹9,89,010 |
| B-HNI (Min) | 67 | 603 | ₹10,03,995 |
EAAA India Alternatives Limited IPO Reservation
| Investor Category | Shares |
|---|---|
| QIB | Not more than 50% of the Net Offer |
| Retail | Not less than 35% of the Net Offer |
| NII | Not less than 15% of the Net Offer |
EAAA India Alternatives Limited IPO Financial Information
| Particulars (₹ Cr) | 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 |
| 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 |
Key Performance Indicator-EAAA India Alternatives Limited IPO
| KPI | Jun 30, 2026 | Mar 31, 2026 |
|---|---|---|
| ROE | 28.96% | 25.97% |
| Debt/Equity | 0.34 | 0.41 |
| RoNW | 28.96% | 25.97% |
| PAT Margin | 24.01% | 27.52% |
| NAV | 176.67 | 163.69 |
| P/B (x) | – | 10.17 |
| Valuation Metric | Pre IPO | Post IPO |
|---|---|---|
| EPS (₹) | 41.02 | 49.93 |
| P/E (x) | 40.59 | 33.35 |
| Market Cap at Offer Price | ₹10,765.10 Cr. | ₹10,765.10 Cr. |
Prospectus Links:
Prospectus: Official documents that provide detailed information about the IPO and the company.
EAAA India Alternatives Limited IPO DRHP
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