EAAA India Alternatives raised Rs 360 crore from anchor investors on Friday ahead of its Rs 1,200-crore IPO. The public issue opens on October 26 with a price band of Rs 1,585-1,665 per share. Many global and domestic funds participated in the anchor book before the offer closes on October 28.
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EAAA India Alternatives, the private alternative asset and investment management company-promoted by Edelweiss Group, on Friday raised Rs 360 crore by allocating 21.62 lakh equity shares via anchor book ahead of IPO opening next week.
The Rs 1,200-crore initial public offering, which comprises entirely an offer-for-sale, will open for public subscription on October 26 with price band at Rs 1,585-1,665 per share. The offer will close on October 28.
Promoter entity Edelweiss Securities and Investments will be selling shareholder in the offer-for-sale.
EAAA India Alternatives has announced allocation of 21.62 lakh shares at the upper end of price band. Global investors participated in the anchor book were Government Pension Fund Global, Schroder International, Hornbill Capital Advisors, Goldman Sachs, and BNP Paribas Financial Markets.
"Out of the total allocation to anchor book, the company allocated 14.14 lakh equity shares to 10 domestic mutual funds including HDFC AMC, SBI Mutual Fund, ICICI Prudential AMC, Nippon Life India, Kotak Mahindra AMC, Abakkus Asset Manager, HSBC Mutual Fund, and Bandhan Mutual Fund," EAAA India Alternatives in its filing to exchanges said.
As it is entirely an offer-for-sale, the issue proceeds excluding offer expenses will go to selling shareholder, and the company will not receive any funds from the public issue.
EAAA India Alternatives mainly operates two business verticals - real assets, and private credit along with portfolio management services, managing long term patient capital with an AUM of Rs 95,344.8 crore as of June 2026.
Under the real assets business vertical, the company invests into infrastructure and commercial real estate assets through a mix of equity, quasi-equity and debt instruments, while in private credit business vertical, it provides credit and flexible financing solutions.