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InvestmentsIPOEAAA India Alternatives IPO

EAAA India Alternatives IPO

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Open Date

26 Oct 2026

Close Date

28 Oct 2026

Min Investment

₹ 14,265

Lot Size

9

Issue Size

₹ 1260.57 Cr

Price Range

₹ 1,585 - ₹ 1,665

Subscribed

0.11 x
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status

IPO Open Now.

IPO Timeline
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IPO Offer Start
26 Oct 2026
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IPO Offer Ends
28 Oct 2026
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Allotment Finalisation
29 Oct 2026
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Refund Initialisation
30 Oct 2026
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Non-Institutional Buyers (sHNI)
30 Oct 2026
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Listing of Shares
2 Nov 2026
IPO Subscription Details as on 26 Oct 2026, 07:10 PM
Qualified Instituational Buyers (QiB)
0.08 x
Retail
0.04 x
Total
0.11 x
Non-Institutional Buyer (bHNI)
0.47 x
Non-Institutional Buyer (sHNI)
0.02 x
Note: This information is provided for general guidance only. Dates may be subject to change.
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About the Company
EAAA India Alternatives Limited is one of the leading alternative asset management platforms in India with over 17 years of experience, managing an AUM of ₹953,448.78 million as of June 30, 2026. The company operates across two key business verticals — Real Assets (infrastructure & commercial real estate) and Private Credit (debt/convertible instruments) — supported by its wholly owned subsidiary Sekura India Management Limited for asset operations. The company serves a diverse base of 11,009 clients globally, including institutional investors, UHNIs/HNIs, and family offices, with FPAUM of ₹486,231.76 million and a 3-year FPAUM CAGR of ~23.43%. Revenue is derived from Management & Advisory Fees, Variable Additional Return, and GP Income, with offices in Mumbai, New Delhi, GIFT City, and Singapore covering global markets.
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Founded In

2008

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CEO

Amit Agarwal

Financials of Eaaa India Alternatives IPO

Income Statement
Balance Sheet
Cash Flows
Total Income
Total Expenses
Total Profit
Key Performance IndicatorsMar 2024Mar 2025Mar 2026
Operating Revenue492.58670.26869.54
Other Income91.67116.2894.22
Total Income
584.25786.54963.76
Total Expenses
371.56502.24615.24
Profit Before Tax212.69284.31338.64
Total Profit
175.16229.78265.20

All figures are in crores (₹)

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Utilisation of Proceeds

All figures are in crores (₹)

PurposeAmount
The Offer involves the sale of Equity Shares by the Promoter Selling Shareholder. The company will not receive any proceeds, as all Offer Proceeds will be received by the Promoter Selling Shareholder after deduction of Offer-related expenses and relevant taxes.1,200
The Offer aims to achieve the benefits of listing the Equity Shares on the Stock Exchanges, which is expected to enhance the company's visibility and brand image, as well as provide liquidity and a public market for the Equity Shares in India.-
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  • Scaled and Experienced Player in the Large and Expanding Indian Real Assets and Private Credit Market: The company has more than 17 years of investment experience and manages a substantial portfolio with FPAUM of ₹486,231.76 million as of June 30, 2026, growing at a 3-year CAGR of ~23.43%; the Real Assets vertical manages 3.10 million sq ft of office space, 4,586 lane km of roads, and 1.73 GW of solar assets, while Private Credit has completed 190 investments worth ₹424.08 billion with ₹439.73 billion in realisations since inception.
  • Diversified, Multi-Vertical Platform Offering a Wide Range of Alternative Investment Products with a Consistent Track Record: The company is among the handful of multi-strategy players in the Indian alternative space, offering eight sub-verticals across Real Assets and Private Credit; its 3-year FPAUM CAGR stood at 23.43% (FY2026), 26.24% (FY2025), and 27.74% (FY2024), with four flagship verticals in their third and fourth vintages constituting more than 64% of AUM.
  • Diverse and Longstanding Client Base with Significant Potential to Scale Commitments: As of June 30, 2026, the company had 11,009 client relationships globally, including 1,493 repeat clients and 8,800 clients added from April 1, 2023; approximately 77% of AUM is from repeat clients, with 49.32% contributed by institutional clients (pension funds, insurance companies) and 50.68% by non-institutional clients across India, North America, Europe, and APAC.
  • Technology-Enabled Institutional Platform: The company leverages in-house and third-party technology for scalability, efficiency, automation, and data management, including AI-powered client onboarding, automated recovery management, CRM mobile applications, generative AI-based reporting tools, and an 'Electronic EYE' remote monitoring system for real-time asset oversight.
  • Dedicated Asset Operating and Management Platform: The company's wholly-owned subsidiary, Sekura India Management Limited, operates across 16 states in India with 58 operational team members providing 24x7 on-ground asset management; Sekura holds multiple ISO accreditations including ISO 14001:2015, ISO 45001:2018, ISO/IEC 27001:2022, and ISO 55001:2014, and has received multiple national and international safety and infrastructure awards.
  • Comprehensive Risk Management Systems: The company has implemented a multi-tiered risk management framework covering pre-investment (independent Name Clearance, Credit, and Investment Committees) and post-investment (monthly portfolio trackers, quarterly risk reviews, real-time heat maps) stages, supplemented by enterprise-level risk monitoring across eleven risk vectors and quarterly risk dashboard reports to senior management.
  • Led by a Seasoned Management Team with Extensive Industry Experience: The company's senior management team has an average experience of approximately 26.12 years and has been associated with the Promoter's entities for an average of ~5.45 years; the investment team includes 85 professionals with 14 managing directors and 10 investment directors averaging 21+ years of experience, with Variable Additional Return serving as an alignment and retention tool.

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SEBI Stock Broker Registration No: INZ000006031 | Depository Participant (CDSL) ID: IN-DP-289-2016 | SEBI Research Analyst Registration No: INH000023357
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