EAAA India Alternatives Limited’s mainboard initial public offering is scheduled to open on 26 October and close on 28 October 2026, with a price band of ₹1,585–₹1,665 per share. At the 25 October source check, the scheduled bidding window had not started.
The offer is up to ₹12,000 million, or ₹1,200 crore, entirely through an offer for sale. An offer for sale, or OFS, means an existing shareholder sells shares. There is no fresh issue and EAAA itself will not receive the offer proceeds.
Verified offer terms
| Item | Verified information | Official source |
|---|---|---|
| Issuer, venue and stage | EAAA India Alternatives Limited; proposed mainboard listing on NSE and BSE; bidding scheduled, not yet open at observation | Primary record |
| Bidding dates | 26–28 October 2026; UPI mandate deadline 5 p.m. on 28 October | Primary record |
| Price band / face value | ₹1,585–₹1,665 per share / face value ₹5 | Primary record |
| Gross offer size and split | Up to ₹1,200 crore; entirely OFS; no fresh issue | Primary record |
| Selling shareholder / proceeds | Edelweiss Securities and Investments Private Limited; company receives no proceeds; seller receives the sale proceeds after its applicable expenses and taxes | Primary record |
| Lot and retail minimum | 9 shares, then multiples of 9; ₹14,985 for one lot at ₹1,665 | Primary record |
| Category application amounts | Retail bids do not exceed ₹2 lakh; NII/QIB bids must exceed ₹2 lakh in valid lot multiples. At ₹1,665, 126 shares cost ₹2,09,790 | Primary record |
| Allocation framework | QIB up to 50%; NII at least 15%; retail at least 35%, subject to valid bids and disclosed rules | Primary record |
| Indicative timetable | Allotment 29 October; unblock/demat credit 30 October; trading 2 November 2026, on or about these dates | Primary record |
| Registrar | MUFG Intime India Private Limited, formerly Link Intime | Primary record |
One lot is not every category’s minimum
At the upper price, 9 × ₹1,665 = ₹14,985. At the lower price, the same nine shares cost ₹14,265. These are bid amounts, not assured allotments or returns.
The non-institutional investor, or NII, threshold is different: the bid amount must exceed ₹2 lakh and the quantity must remain a multiple of nine. At the cap price, the first such multiple is 126 shares, or 14 lots, costing ₹2,09,790. That example is price-specific; at the floor the first qualifying multiple is 135 shares, costing ₹2,13,975.
Where the money goes and what remains uncertain
Because this is all OFS, the company is not raising fresh capital for operations or expansion through this offer. The selling shareholder receives the proceeds after the relevant offer expenses and taxes it bears. A ₹1,200 crore gross offer should not be described as cash going into EAAA’s business.
The prospectus timetable is indicative. A scheduled listing date does not establish that trading has begun, nor does it guarantee an active market or a listing gain. The documents also set out business risks, including variable performance fees and illiquid fund holdings. No grey-market premium or subscription figure has been verified for this report.
Sources: the official red herring prospectus, price-band advertisement and abridged prospectus, publicly hosted by offer bookrunner Axis Capital.
Official sources observed on 25 October 2026 at 15:23:37 IST. Scheduled dates are not evidence of completion.
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Recorded source observation: . This is a source-check timestamp, not a market quote or a new article update.