The EAAA India Alternatives IPO lists on BSE and NSE on 2 November 2026. The issue price is ₹1,665 a share. The last grey market quote on 1 November was ₹65, which points to a listing about 3.9% above the issue price.
Key facts before listing
| Item | Detail |
|---|---|
| Issue price | ₹1,665 (band ₹1,585–1,665) |
| Issue size | ₹1,200 crore, entirely an offer for sale (OFS) |
| Lot size | 9 shares, ₹14,985 at the upper band |
| Issue dates | 26 to 28 October 2026 |
| Allotment and refunds | 29 and 30 October 2026 |
| Listing | 2 November 2026, BSE and NSE |
| Registrar | MUFG Intime India |
The basis of allotment is already out. You can check your result on the EAAA India Alternatives IPO allotment page.
How the issue was subscribed
The IPO closed on 28 October. It was subscribed 5.25 times overall. Institutions (QIBs) bid the most. Retail investors only just covered their quota.
| Category | Subscribed |
|---|---|
| QIB | 13.13x |
| NII (HNI) | 4.58x |
| Big NII bids (bNII) | 5.91x |
| Small NII bids (sNII) | 1.9x |
| Retail | 1.03x |
| Overall | 5.25x |
What the GMP has done
The GMP rose every day after the issue closed. It went from ₹28 on 28 October to ₹65 on 1 November. Remember that the GMP is a dealer quote from the grey market and not a price set by the exchange, so the open can differ. The latest quotes are on the EAAA India Alternatives IPO GMP page.
| Date | GMP | Over issue price |
|---|---|---|
| 28 October | ₹28 | 1.68% |
| 29 October | ₹37 | 2.22% |
| 30 October | ₹52 | 3.12% |
| 31 October | ₹56 | 3.36% |
| 1 November | ₹65 | 3.90% |
What our data shows
Look at how the grey market did on the 10 listings before this one. Its final number missed the real gain by about 3.5 points on average. It was too high 4 times and too low 6 times. Half of this year's mainboard IPOs got more than 20 times, so demand here was lower than usual.
About the company
The company manages money for clients. It puts that money into funds that buy real assets and lend to private firms. Edelweiss Securities and Investments is the seller. The company itself receives nothing from the issue.
| ₹ crore | FY2024 | FY2025 | FY2026 |
|---|---|---|---|
| Revenue from operations | 492.58 | 670.26 | 869.54 |
| Profit after tax | 175.16 | 229.78 | 265.20 |
The Edelweiss promoter group owns 95.03% today and will own 83.88% once the shares are sold. At the upper band, the market value is about ₹10,765 crore, as per the offer document.
What happens next
Trading starts on 2 November 2026. We will post how the open compared with the GMP on the same day. See our final-day subscription report for the closing numbers.
