EAAA India Alternatives IPO: Dates, Price Band, GMP and What the Prospectus Shows
EAAA India Alternatives' IPO, at ₹1,585–₹1,665 a share, was open from 26 October 2026 to 28 October 2026 and listed on 2 November 2026. The dates, the money, the ratios the prospectus discloses, and how it listed.
In short
- Bidding ran 26 October 2026 to 28 October 2026, at a price band of ₹1,585–₹1,665.
- One lot was 9 shares, so the minimum application was ₹14,985 at the upper band.
- Of ₹1,200 crore raised, ₹1,200 crore is an offer for sale and null is fresh capital for the company.
- At the upper band the issue was priced at roughly 40.4 times disclosed FY26 earnings.
- It listed at ₹1,675.5 against an issue price of ₹1,665.
EAAA India Alternatives' IPO was open from 26 October 2026 to 28 October 2026 and listed on 2 November 2026. The first thing worth knowing is where the money goes. Of the ₹1,200 crore raised, ₹1,200 crore is an offer for sale — existing shareholders selling their own shares. The company itself receives nothing from this issue.
This page sets out what the filings actually say — the dates, the money, the ratios the prospectus discloses and the grey-market number doing the rounds — and is deliberately clear about which of those is a fact and which is a rumour. Live status, subscription and documents for this issue sit on its IPO Center page.
The offer, in the numbers that decided what applicants paid
- Price band: ₹1,585 to ₹1,665 per share, face value ₹5
- Lot size: 9 shares
- Minimum application: ₹14,985 at the upper band — one lot
- Total issue: ₹1,200 crore
- Type: Book Building
- Registrar: MUFG Intime India Private Limited
- Book-running lead managers: Axis Capital Limited, Jefferies India Private Limited, Motilal Oswal Investment Advisors Limited, Nuvama Wealth Management Limited
A retail application was capped at ₹2,00,000, so the most a retail applicant could put in was 13 lots — ₹1,94,805 at the upper band. Bidding above that moves an application into the non-institutional category, where the allotment maths is different. QIB, NII and retail categories explains what changes.
Because this is a pure offer for sale, none of the proceeds reach EAAA India Alternatives. That is neither good nor bad on its own — it is simply a different transaction from one that funds the business, and worth knowing before you read the word "raising" anywhere. Fresh issue versus offer for sale sets out the difference.
Who the shares are reserved for, and what that tells you
The issue reserves 50% for qualified institutional buyers, 15% for non-institutional investors and 35% for retail.
That is the standard split for an issuer meeting the ICDR track-record test. Retail gets a third of the book, which is the more forgiving of the two structures when an issue is heavily subscribed.
The financials the prospectus actually discloses
These are the ratios from the company's own red herring prospectus, for the financial year ended 31 March 2026. We checked each of them against that document rather than taking them from an aggregator.
- Earnings per share: ₹41.26
- Net asset value per share: ₹163.69
- Return on net worth: 25.97%
- Return on equity: 25.97%
- Debt / equity: 0.41 times
At the upper band of ₹1,665, the issue was priced at about 40.4 times FY26 earnings. That is roughly 10.2 times the disclosed net asset value of ₹163.69 a share. Both are arithmetic on the two numbers above, not a valuation opinion — a multiple only means something next to comparable companies, which is what peer comparison in an IPO is for.
How it listed
It listed at ₹1,675.5 against an issue price of ₹1,665 at the upper band — a gain of 0.6% on day one. That is the exchange's price, not an estimate, and what happens after the first session is a different question from how the IPO went. IPO listing gains explained covers why the two are easy to confuse.
The dates that follow the close
- Bidding opened: 26 October 2026
- Bidding closed: 28 October 2026
- Basis of allotment: 29 October 2026
- Refunds initiated: 30 October 2026
- Shares credited to demat: 30 October 2026
- Listing: 2 November 2026
If you applied, the next thing that happens is the basis of allotment. An application whose UPI mandate was never approved does not reach it at all, which is worth ruling out before reading a "not allotted" result as bad luck — UPI mandate failures explains how to tell.
Allotment is decided by the registrar, MUFG Intime India Private Limited, and in an oversubscribed retail category it is a lottery on lots rather than a proportionate cut. How to check your allotment status and the basis of allotment cover both halves of that.
Reading this after the close
Nothing on this page is a recommendation. It is the filing, the arithmetic on it, and one unofficial number clearly labelled as such. IPO risks for retail investors is worth reading precisely when an issue is being written about enthusiastically.
Figures come from the company's red herring prospectus and from NSE's issue data as at the dates stated, and issues change: bands are revised, dates move, and an issue can be withdrawn. CAPITA1 is an information service, not a broker, and is not registered with SEBI as an investment adviser — nothing here is investment advice.
Frequently asked questions
What was the minimum investment in the EAAA India Alternatives IPO?
One lot of 9 shares at the upper band of ₹1,665 — ₹14,985. An application could not be for less than one lot, and a retail application was capped at ₹2,00,000.
When was the EAAA India Alternatives IPO open?
Bidding ran from 26 October 2026 to 28 October 2026, and the shares listed on 2 November 2026.
When is the EAAA India Alternatives IPO allotment and listing?
The basis of allotment was due on 29 October 2026, with listing on 2 November 2026. These are the dates the issue kept to.
At what price did the EAAA India Alternatives IPO list?
₹1,675.5, against an issue price of ₹1,665 at the upper band — 0.6% on day one.
Is the EAAA India Alternatives IPO a fresh issue or an offer for sale?
The issue is ₹1,200 crore in total: null fresh issue and ₹1,200 crore offer for sale. Only the fresh-issue portion reaches the company; the offer-for-sale proceeds go to the selling shareholders.
What was the EAAA India Alternatives IPO valuation?
At the upper band of ₹1,665 and disclosed FY26 earnings per share of ₹41.26, the issue was priced at about 40.4 times earnings, and about 10.2 times its disclosed net asset value of ₹163.69. That is arithmetic, not an opinion on whether it is cheap.
Who is the registrar for the EAAA India Alternatives IPO?
MUFG Intime India Private Limited. The registrar runs the basis of allotment and is where you check your application status once allotment is finalised.
Is the EAAA India Alternatives IPO a mainboard or SME issue?
It is a mainboard issue, which carries the full disclosure and eligibility requirements of the ICDR Regulations and lists on the main exchange platform.