EAAA India Alternatives IPO Day 1: Check subscription status, price band, lot size and key dates

The ₹1,200 crore initial public offering of EAAA India Alternatives Ltd, an arm of Edelweiss Financial Services, hit the primary market on Monday, October 26. The issue will conclude on Wednesday, October 28. The price band has been fixed at ₹1,585 to ₹1,665 per share.

The initial share sale is solely an offer for sale of 72.07 lakh shares by promoter Edelweiss Securities and Investments Pvt Ltd, with no offer for sale (OFS) component.

Since there is no fresh issuance of shares, the company will not get any proceeds from the offer. The money raised will go to selling shareholders.

"Our company expects that listing of the equity shares will enhance our visibility and brand image as well as provide liquidity and a public market for the equity shares in India," the firm said in its red herring prospectus.

EAAA India Alternatives IPO Day 1: Subscription status

The subscription details for the first day of the issue will be available post 10 am.

Before the IPO, the company raised around ₹360 crore in the anchor round from investors including HDFC Mutual Fund, ICICI Prudential Mutual Fund, Nippon India Mutual Fund, Kotak Mahindra Mutual Fund, SBI Mutual Fund, Norway's Government Pension Fund Global, Schroders, Carnelian, 360 ONE, Unifi, and Nuvama, among others.

EAAA India Alternatives IPO lot size

Retail investors can apply for at least 9 shares and in multiples thereafter.

EAAA India Alternatives IPO: Allotment and listing date

Incorporated in 2008, EAAA India Alternatives Limited is an alternative investment platform handling long-term capital across asset classes, including infrastructure, private credit and commercial real estate. The company operates across New Delhi, Mumbai, GIFT City and Singapore.