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Learn about EAAA India Alternatives Limited’s IPO journey, including its Draft Red Herring Prospectus refiling, business operations, financial scale, issue structure, and key regulatory milestones based on public disclosures.
EAAA India Alternatives Limited, the alternative asset management arm of the Edelweiss Group, has refiled its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) for a proposed ₹1,500 Cr initial public offering. The company operates a diversified alternatives platform across private credit and real assets, managing long-term patient capital for institutional and high-net-worth clients in India and overseas.
The DRHP provides an overview of the proposed IPO and sets out the company’s financials, governance framework, and business outlook.
EAAA India Alternatives Limited refiled its DRHP with SEBI on January 19, 2026, after an earlier submission was returned. The IPO is part of a broader strategy by Edelweiss Financial Services to list multiple group entities. The shares are proposed for listing on the recognised Indian stock exchanges.
As outlined in the DRHP, the structure of the proposed IPO is as follows:
| Particulars | Details |
|---|---|
Issue Type |
Offer for Sale (100% OFS; no fresh issue) |
Face Value |
₹5 per equity share |
Issue Size |
₹1,500.00 crore (₹15,000.00 million) |
Proposed Listing |
NSE and BSE |
Price Band |
To be announced in RHP |
Book Running Lead Manager |
Axis Capital, Jefferies India, Motilal Oswal, Nuvama Wealth |
Registrar to the Issue |
MUFG Intime India Pvt Ltd (formerly Link Intime) |
These details reflect indicative disclosures available at the DRHP stage and are subject to change based on SEBI observations and final approvals.
EAAA India Alternatives Limited, formerly known as Edelweiss Alternative Asset Advisors, is a leading alternative investment platform in India with a track record of over 15 years. The company manages and advises alternative investment funds across private credit and real assets, focusing on income- and yield-oriented strategies for domestic and global investors.
Its investment strategies span infrastructure yield assets such as energy and transportation projects, commercial real estate with long residual tenures, and private credit solutions across the risk spectrum. As of 30 September 2025, EAAA India Alternatives reported total assets under management (AUM) of ₹65,504 Cr, with fee-paying AUM of ₹38,521 Cr.
The platform services approximately 5,398 client relationships across India and international markets. Operations are supported by an investment team of around 80 professionals and an asset management team of 57 members, backed by senior leadership with an average experience of over 18 years. The company operates from offices in Mumbai, New Delhi, GIFT City, and Singapore.
According to the DRHP, since the IPO is structured entirely as an Offer for Sale, the company will not receive any proceeds from the issue. Accordingly, the IPO does not involve utilisation of funds by the company.
| Fund Allocation | Amount (₹ crore) | Purpose |
|---|---|---|
Offer for Sale by Existing Shareholders |
1,500.00 |
The entire proceeds from the IPO will be received by the selling shareholder entities within the Edelweiss Group |
Utilisation by the Company |
Nil |
No proceeds will be available for use by the company, as the issue does not include a fresh issue component |
The IPO is intended to facilitate listing of the company’s equity shares and provide investors with an opportunity to gain exposure to a listed alternative asset management platform. Post-listing, the company may benefit from enhanced visibility and broader access to capital markets, although no capital infusion is envisaged under this issue.
Given the nature of its asset-management business model, EAAA India Alternatives is typically evaluated on scale indicators such as AUM and client base rather than manufacturing-style revenue metrics.
Key disclosed scale indicators from the DRHP are summarised below:
| Metric | As of / Period | Value | Notes |
|---|---|---|---|
Total AUM |
30 September 2025 |
₹65,504 Cr |
Assets managed across private credit and real assets |
Fee-paying AUM |
30 September 2025 |
₹38,521 Cr |
AUM generating management and performance fees |
Operating track record |
Since 2008 |
15+ Years |
Established alternatives platform |
Client relationships |
30 September 2025 |
5,398 |
Domestic and global investor base |
*Detailed year-wise financial statements, including audited figures, are available in the DRHP and should be referred to for complete financial information.
The table below outlines the key milestones in the IPO journey based on publicly available information:
| Milestone / Stage | Date (or Status) | Details |
|---|---|---|
Initial DRHP filed with SEBI |
10 December 2024 |
First DRHP submitted; later returned by SEBI |
DRHP refiled with SEBI |
19 January 2026 |
Revised DRHP filed proposing ₹1,500 Cr IPO (100% OFS) |
SEBI review and observations |
Awaited |
Regulatory review ongoing |
Appointment of BRLMs |
Announced |
Axis Capital, Jefferies India, Motilal Oswal, Nuvama |
Filing of RHP with RoC |
To be announced |
Post SEBI observations |
IPO Opening Date |
Not yet announced |
Final dates awaited |
IPO Closing Date |
To be announced |
To be declared with opening date |
Listing on NSE/BSE |
To be announced |
Post allotment and listing formalities |
Note: Investors should refer to official filings for final IPO dates to learn more about EAAA India Alternatives Limited IPO listing details and price, and listing timelines.
Check other upcoming ipo’s here : Upcoming IPO
This content is for informational purposes only and the same should not be construed as investment advice. Bajaj Finserv Direct Limited shall not be liable or responsible for any investment decision that you may take based on this content.
EAAA India Alternatives Limited initially filed its DRHP with SEBI on 10 December 2024 and refiled a revised DRHP on 19 January 2026.
The IPO is proposed as a ₹1,500 Cr book-built issue, structured entirely as an offer for sale with no fresh issue component.
The company manages alternative investment funds across private credit and real assets, focusing on income and yield strategies for institutional and high-net-worth investors.
All shares offered are being sold by existing Edelweiss Group entities, making this a liquidity and partial monetisation event for the sponsor rather than a capital-raising exercise for the company.
Subject to regulatory approvals, the equity shares are proposed to be listed on both the NSE and the BSE.
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