EAAA India Alternatives’ Rs.1,200-Cr IPO subscribed 1.61 times

The initial public offering (IPO) of Mumbai-based Private Credit and Real Asset funds management firm EAAA India Alternatives has received 1.61 times subscription. The retail portion has seen 17% subscription, while the non-institutional investor portion is booked at 1.39 times and the qualified institutional buyer portion has received 2.20 times bids. The company has previously raised Rs.360-Cr from anchor investors. Edelweiss Securities & Investments is the sole selling shareholder in this offer-for-sale transaction, and no proceeds will be received by EAAA India Alternatives.The price band for the IPO has been set at Rs.1,585 to Rs.1,665 per equity share, with a face value of Rs.5 per share.EAAA India Alternatives operates as an alternative investment management platform with a focus on real assets and private credit markets. The firm maintains a diversified client base and utilizes a technology-enabled investment platform supported by specialized teams for investment, asset management, coverage, and enterprise operations.