EAAA India Alternatives Limited, formerly known as Edelweiss Alternative Asset Advisors Limited, is a Mumbai-based alternative asset management company specialising in real assets and private credit investments. Incorporated in May 2008, the company manages India-focused investment funds for domestic and international institutional investors, high-net-worth individuals (HNIs), ultra-high-net-worth individuals (UHNIs) and family offices.
The company operates through two primary business verticals:
- Real Assets: Invests in infrastructure and commercial real estate through equity, quasi-equity and debt instruments. Its four investment strategies include Infrastructure Yield, Commercial Real Estate Yield, Perpetual Capital and Energy Transition. As of June 30, 2026, it managed 10 active funds, including two InvITs.
- Private Credit: Provides structured financing solutions through debt and convertible debt instruments across four strategies: Performing Credit, Special Situations, Real Estate Credit and Investment Grade Credit. As of June 30, 2026, it managed 16 active funds.
- Other Investment Services: Offers Portfolio Management Services (PMS) and co-investment opportunities alongside its managed funds.
As of June 30, 2026, the company had Assets Under Management (AUM) of ₹95,344.88 crore and Fee-Paying Assets Under Management (FPAUM) of ₹48,623.18 crore. Its wholly owned subsidiary, Sekura India Management Limited, supports asset operations, maintenance, monitoring and efficiency improvements.
The company primarily earns revenue through management and advisory fees, performance-linked returns and investment income. As of June 30, 2026, it had 11,009 client relationships, including 1,493 repeat clients, with operations spanning Mumbai, New Delhi, GIFT City and Singapore.
As of June 30, 2026, EAAA India Alternatives employed 277 personnel across investment management, asset operations, client coverage, enterprise functions and other departments.
EAAA India Alternatives IPO – Details
| IPO Opening Date | 26 October 2026 |
| IPO Closing Date | 28 October 2026 |
| Issue Type | Book Built Issue IPO |
| Issue Size | Total Issue Size: 72,07,207 Shares Worth ₹1,200.00 Crore Offer For Sale: 72,07,207 Shares Worth ₹1,200.00 Crore |
| Face Value | ₹5 per equity share |
| IPO Price | ₹1585 – ₹1665 per share |
| Market Lot | 9 Shares |
| Min Order | 9 Shares [1 Lot] |
| Listing At | BSE, NSE |
| Register | MUFG Intime India Pvt. Ltd. |
| QIB Shares Offered | 50% |
| NII (HNI) Shares Offered | 15% |
| Retail Shares Offered | 35% |
EAAA India Alternatives IPO – Date Schedule
| IPO Open Date | 26 October 2026 |
| IPO Close Date | 28 October 2026 |
| Basis of Allotment | 29 October 2026 |
| Initiation of Refund | 30 October 2026 |
| Credit of Shares to Demat Account | 30 October 2026 |
| IPO Listing Date | 02 November 2026 |
| Cut-off time for UPI mandate confirmation | 7 PM on October 28, 2026 |
EAAA India Alternatives IPO – Lots Size & Price
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 9 | ₹14,985 |
| Retail (Max) | 13 | 117 | ₹1,94,805 |
| S-HNI (Min) | 14 | 126 | ₹2,09,790 |
| S-HNI (Max) | 66 | 594 | ₹9,89,010 |
| B-HNI (Min) | 67 | 603 | ₹10,03,995 |
Competitive Strength
- Scaled and experienced player in the large and expanding Indian real assets and private credit market.
- Diversified, multi-strategy platform offering a wide range of alternative investments products, with a consistent track record.
- Diverse and longstanding client base with significant potential to scale their commitments.
- Technology-enabled institutional platform.
- Dedicated portfolio operating and management platform.
- Comprehensive risk management systems.
- Led by a seasoned management team with extensive industry experience.
Company Promoters
- Edelweiss Financial Services Ltd.
- Edelweiss Securities & Investments Pvt.Ltd.
- Edel Finance Co.Ltd.
- Edelweiss Global Wealth Management Ltd.
Company Financials
| Particulars | Total Revenue | Total Expense | Profit After Tax | Total Borrowing |
|---|---|---|---|---|
| 31 March 2024 | ₹584.25 Cr | ₹371.56 Cr | ₹175.16 Cr | ₹444.83 Cr |
| 31 March 2025 | ₹786.54 Cr | ₹502.24 Cr | ₹229.78 Cr | ₹507.49 Cr |
| 31 March 2026 | ₹963.76 Cr | ₹615.24 Cr | ₹265.20 Cr | ₹441.03 Cr |
| 30 June 2026 | ₹336.13 Cr | ₹230.33 Cr | ₹80.71 Cr | ₹399.20 Cr |
Key Performance Indicator
| KPI | Values (Mar 31, 2026) | Values (June 30, 2026) |
|---|---|---|
| ROE | 25.97% | 28.96% |
| Debt/Equity | 0.41 | 0.34 |
| RoNW | 25.97% | 28.96% |
| PAT Margin | 27.52% | 24.01% |
| NAV | 163.69 | 176.67 |
| Pre IPO | Post IPO | |
| EPS (₹) | 41.02 | 49.93 |
| P/E (x) | – | – |
Object Of The Issue
- The EAAA India Alternatives Ltd. IPO is a 100% Offer for Sale (OFS), so the company will not receive any funding and the entire IPO proceeds will go to the selling shareholders.
EAAA India Alternatives IPO Peer Comparison
| S. No. | Face Value (₹) | Company Name | P/E Ratio |
|---|---|---|---|
| 1 | 1 | 360 One WAM Limited | 35.67 |
| 2 | 5 | Aditya Birla Sun Life AMC Limited | 29.84 |
| 3 | 5 | Anand Rathi Wealth Limited | 90.69 |
| 4 | 5 | HDFC Asset Management Company Limited | 33.76 |
| 5 | 5 | Gaja Alternative Asset Management Limited | 16.47 |
| 6 | 10 | Nippon Life India Asset Management Limited | 43.99 |
| 7 | 2 | Nuvama Wealth Management Limited | 30.99 |
| 8 | 10 | UTI Asset Management Company Limited | 27.93 |
| 9 | 1 | ICICI Prudential Asset Management Company Limited | 45.95 |
✅Strengths
- Strong Experience with over 17 years in alternative asset management.
- Large AUM managing ₹95,344.88 crore as of June 2026.
- Diversified Business across Real Assets and Private Credit.
- Strong Client Retention with 77% of AUM from repeat clients.
- Growing FPAUM with 23.43% CAGR over three financial years.
⚠️Risks
- Liquidity Risk due to limited exit opportunities in alternative investments.
- Performance Risk as weak fund returns may affect fundraising.
- High Competition from asset managers, banks and NBFCs.
- Overseas Exposure with 33.80% of AUM from foreign clients.
- Regulatory Risk from changes in laws, taxation and compliance requirements.
EAAA India Alternatives IPO Promoter Holding
| Pre Issue Share Holding | 95.03% |
| Post Issue Share Holding | 83.88% |
EAAA India Alternatives IPO Prospectus
Company Contact Information
| EAAA India Alternatives Ltd. Edelweiss House, Off C.S.T Road, Mumbai City, Kalina, Mumbai, Maharashtra, 400098 Phone: 2240194706 Email: ipo@eaaa.in Website: https://www.eaaa.in/ |
EAAA India Alternatives IPO Registrar
| MUFG Intime India Pvt. Ltd. Phone: 022-49186000 Email: eaaaindia.ipo@in.mpms.mufg.com Website: https://in.mpms.mufg.com/Initial_Offer/public-issues.html |
EAAA India Alternatives IPO Lead Manager(s)
| 1. Axis Capital Limited 2. Jefferies India Private Limited 3. Nuvama Wealth Management Limited 4. Motilal Oswal Investment Advisors Limited |
EAAA India Alternatives IPO FAQs
| What is the EAAA India Alternatives IPO? EAAA India Alternatives IPO is a main-board IPO. The issue is priced at ₹1585 to ₹1665 per equity share. The IPO is to be listed on the BSE & NSE. |
| When will the EAAA India Alternatives IPO open? The IPO is to open on 26 October 2026 for QIB, NII, and Retail Investors. |
| What is EAAA India Alternatives IPO Investors Portion? The investors’ portion for QIB – 50%, NII – 15%, and Retail – 35%. |
| What is the EAAA India Alternatives IPO Size? EAAA India Alternatives IPO size is ₹1,200.00 Crore. |
| What are the EAAA India Alternatives IPO Minimum and maximum lot sizes for Retail? The minimum bid is 9 Shares with ₹14,985, while the maximum bid is 117 Shares with ₹1,94,805. |
| What is the EAAA India Alternatives IPO Allotment Date? EAAA India Alternatives IPO allotment date is 29 October 2026. |
| What is the EAAA India Alternatives IPO Listing Date? EAAA India Alternatives IPO listing date is 02 November 2026. The IPO is to be listed on the BSE and the NSE. |
