The EAAA India Alternatives IPO subscription status is final. The ₹1,200 crore issue closed on 28 October 2026, subscribed 5.25x in all, as per our tracker at 5:10 PM. institutional buyers (QIBs) bid the most.
How did each category bid?
| Category | Times subscribed |
|---|---|
| QIB (institutional buyers) | 13.13x |
| NII (non-institutional), total | 4.57x |
| bNII (bids above ₹10 lakh) | 5.91x |
| sNII (bids of ₹2–10 lakh) | 1.9x |
| Retail | 1.03x |
| Total | 5.25x |
Retail investors bid 1.03x their quota. Big HNI bids (bNII) came in at 5.91x and small HNI bids (sNII) at 1.9x. Employees: no employee quota.
The retail quota is the part most readers apply in. The table above shows whether it was fully bid. Allotment of a lot follows from that number, and you will know on 29 October.
QIBs are big investors like mutual funds and insurers. Their bids often show how institutions view the price. Demand from them was 13.13x their quota.
What our data shows
The GMP has slipped from ₹45 on 24 October to ₹9 on 28 October, before the book closed. The latest quote is ₹22 (1.32%). Remember that GMP is a dealer quote from the grey market and no exchange publishes it, so it can move again before 2 November.
What is the issue about?
This is a sale by an existing shareholder, so the money does not reach the company. That is the main thing to know about the structure.
The issue is ₹1,200 crore, entirely an offer for sale (OFS). Edelweiss Securities and Investments sells the shares. The company gets no fresh money, as we covered in our IPO opening story.
The price band was ₹1,585–1,665. One lot is 9 shares. At the upper band, one lot costs ₹14,985.
EAAA is an alternative asset manager. It raises money from clients into funds and invests it in real assets and private credit. Its total income was ₹963.76 crore in FY2026. Profit after tax was ₹265.20 crore.
What are the risks in the offer document?
The RHP says variable additional return was ₹290.47 crore in FY2026, about 30% of total income. It depends on fund exits, so it can swing from year to year. The CEO also resigned on 7 June 2026.
Promoters held 95.03% before the issue. They will hold 83.88% after it, as per the RHP.
Axis Capital, Jefferies India, Motilal Oswal and Nuvama are the lead managers.
What happens next?
- Basis of allotment: 29 October 2026
- Refunds and demat credit: 30 October 2026
- Listing on BSE and NSE: 2 November 2026
The registrar is MUFG Intime India. Once the basis of allotment is out, you can check it on our allotment status page. Full details of the issue are on the EAAA India Alternatives IPO page.
