EAAA India Alternatives Limited, a wholly owned subsidiary of Edelweiss Financial Services, has submitted a draft red herring prospectus with SEBI to raise ₹1,500 crore via an initial public offering composed entirely of an offer-for-sale of equity shares.
On January 20, 2026, EAAA India Alternatives Limited filed a draft red herring prospectus with the Securities and Exchange Board of India (SEBI).
The IPO will comprise only an offer-for-sale (OFS), and no fresh issue component is included. All proceeds from the public issue will go to the selling stakeholders, including the promoter.
The face value of each share is ₹5, and the company has not disclosed the specific number of equity shares to be offered at this stage.
The book-built issue will determine the offer price based on investor demand during the IPO process. Axis Capital, Jefferies India, Motilal Oswal Investment Advisors, and Nuvama Wealth Management are acting as book-running lead managers.
EAAA India Alternatives is an alternative asset management firm headquartered in Mumbai. It has over 15 years of experience and reported assets under management (AUM) worth ₹65,503 crore as of September 30, 2025. The company is regarded as one of the key players in India’s alternative investment space.
For the financial year ending March 31, 2025, the company recorded revenue from operations of ₹670.2 crore, up by ₹177.7 crore or 36% from ₹492.5 crore in FY2024. Its net profit for FY2025 stood at ₹229.7 crore, marking an increase of ₹54.6 crore or 31% over the previous year.
Read More: PhonePe IPO: Walmart-Backed Firm Secures SEBI Nod, To File Updated DRHP!
The IPO of EAAA India Alternatives is part of a broader strategy by Edelweiss Financial Services to take multiple group entities public. This initiative includes planned listings for 7 different subsidiaries. These include the asset management arm, Edelweiss Asset Management Ltd., and the alternative investment arm, EAAA India Alternatives.
EAAA India Alternatives has taken a key step toward its public market debut with the ₹1,500 crore offer-for-sale. The IPO process will not raise fresh capital for the company but aims to facilitate a share sale by existing promoters and stakeholders.
Disclaimer: This blog has been written exclusively for educational purposes. The securities or companies mentioned are only examples and not recommendations. This does not constitute a personal recommendation or investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Investments in the securities market are subject to market risks, read all the related documents carefully before investing.
Published on: Jan 21, 2026, 12:17 PM IST
Team Angel One
We're Live on WhatsApp! Join our channel for market insights & updates
Get the link to download the App
