EAAA India Alternatives shares list at 0.6% premium on NSE; here's how much investors made per lot

On the BSE, the stock listed at ₹1,673 per share, up 0.48% from the issue price.

EAAA India Alternatives share price: Here's how much investors made per lot

A lot consisted of 9 shares and cost ₹14,985. Investors who received EAAA India Alternatives IPO allotment made ₹94.5 per lot, taking the value of their investment to ₹15,079.5, as per the listing price on the NSE.

The IPO was entirely an offer-for-sale (OFS) of ₹1,200 crore by the Edelweiss Group, with no fresh issue component. Hence, the company will not receive any proceeds from the IPO. The selling shareholder will get the entire amount.

"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.

The issue was subscribed 5.25 times. It secured bids for 2,78,19,540 shares compared to 52,99,684 shares on offer, according to the details on the NSE website.

The qualified institutional buyers (QIBs) quota was subscribed 13.13 times, and the category for non-institutional investors (NIIs) garnered 4.58 times subscription. The part for retail investors was booked 1.03 times.

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

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