- POSITIVE
Annual Revenue EAAA Alternatives Mar-2026 Annual Revenue is Rs 1,044 Cr which is growth of 59.8% YoY.
- POSITIVE
Annual Net Profit EAAA Alternatives Mar-2026 Annual Net Profit is Rs 433 Cr which is growth of 132.3% YoY.

EAAA India Alternatives Ltd. IPO Details
EAAA India Alternatives was incorporated on May 14, 2008. The company is a leading alternatives platform in India with over 15 years of experience, managing an AUM of Rs 572.62 billion as of September 30, 2024. It operates a diversified, multi-strategy platform in under-tapped, fast-growing alternative asset classes, offering income and yield solutions to clients.
| Bidding Dates |
|---|
| 26 Oct 2026 - 28 Oct 2026 |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹14,265 | 1 | 13 | 9 | 7.2 M | ₹1585 - ₹1665 | 83.88 % | ₹11,423.4 M - ₹12,000.0 M | RHP DOC |
EAAA Alternatives issue details
EAAA Alternatives has 7.2 M shares on offer
EAAA Alternatives IPO offer price is in the range ₹1585 - ₹1665
EAAA Alternatives IPO minimum Investment is ₹14265
EAAA Alternatives IPO issue size is ₹ 11,423.4 M - ₹ 12,000.0 M
EAAA Alternatives has a minimum lot size of 9 Shares per application
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 35% | 15% | 50% |
EAAA Alternatives IMPORTANT IPO DATES
| Issue Open Date | 26 Oct 2026 |
| Issue close Date | 28 Oct 2026 |
| Allotment Date | 29 Oct 2026 |
| Refund Date | 30 Oct 2026 |
| Demat Account Credit Date | 30 Oct 2026 |
| Listing Date | 02 Nov 2026 |
| Listing on Exchange(s) | NSE and BSE |
EAAA Alternatives IPO subscription opens on 26 Oct 2026, and closes on 28 Oct 2026
IPO allotment for EAAA Alternatives is expected to be finalized on Thursday, 29 Oct 2026
IPO listing for EAAA Alternatives will be on NSE and BSE on Monday, 02 Nov 2026
EAAA Alternatives NUMBER OF SHARES ON OFFER
EAAA Alternatives FINANCIALS
| Period | Revenue from Operations (Rs in crore) | Net Profit (Rs in crore) | Cash Flow from Operations (Rs in crore) | Free Cash Flow (Rs in crore) |
| Q1FY27 | 275.5 | 80.7 | 130.4 | 130.4 |
| Q1FY26 | 190.8 | 55.7 | 145.7 | 145.8 |
| FY26 | 869.5 | 265.2 | 235.2 | 234.9 |
| FY25 | 670.3 | 229.8 | -120.2 | -143.8 |
| FY24 | 492.6 | 175.2 | -13.3 | -13.8 |
EAAA Alternatives Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| EAAA India Alternatives Ltd. | 1665 | 10765.1 | 24.9 | 0.2 | 10.3 | 42.3 | 21.7 | 1043.6 | 59.8 | 432.6 | 132.3 | 66.9 | 132.3 |
| National Stock Exchange of India Ltd. | 1668.6 | 412966.1 | 32.1 | 11.7 | 18713.4 | -2.4 | 10302.1 | -15.5 | |||||
| BSE Ltd. | 3230.8 | 131212.2 | 46.3 | 0.6 | 22.7 | 37.4 | 18.6 | 5148.1 | 59.1 | 2497 | 88.3 | 69.7 | 76.9 |
| Billionbrains Garage Ventures Ltd. | 181.5 | 113896 | 42.3 | 1 | 19.9 | 21.6 | 11.2 | 4815.9 | 18.6 | 2083 | 14.2 | 4.3 | 40.6 |
| Multi Commodity Exchange of India Ltd. | 3020.3 | 77015.2 | 50 | 0.4 | 29.3 | 46.8 | 17.8 | 2429 | 100.9 | 1331.6 | 137.8 | 60.5 | 136.4 |
| Motilal Oswal Financial Services Ltd. | 925.8 | 55823.6 | 28.2 | -1 | 5.5 | 14.5 | 4.3 | 9416.4 | 11.9 | 1869.3 | -25.3 | 32.8 | -28.8 |
EAAA Alternatives annual results: revenue, profit, P&L, and margins as of Mar 2026 – 11 year history
| Indicator | Graph | CAGR 3 Yrs | Mar '26 | Mar '25 | Mar '24 | Mar '23 |
|---|---|---|---|---|---|---|
55.7% | 1,043.7 | 653.3 | 409.4 | 276.3 | ||
Operating Exp. Ann. | 42.9% | 463.8 | 353.5 | 220.7 | 158.8 | |
Operating Profit Ann. | 35.7% | 287.4 | 188.4 | 188.4 | 114.9 | |
OPM Ann. % | -12.8% | 27.53% | 28.83% | 46.02% | 41.59% | |
43.3% | 532.6 | 413.5 | 262.1 | 180.9 | ||
EBITDA Ann. | 70.2% | 579.9 | 299.8 | 188.6 | 117.6 | |
EBITDA Ann. margin % | 9.3% | 55.56% | 45.89% | 46.08% | 42.54% | |
Interest Ann. | 44.2% | 55.8 | 49 | 36.4 | 18.6 | |
Depr. | 54.9% | 13 | 11 | 5 | 3.5 | |
PBT Ann. | 74.1% | 503.4 | 239.8 | 147.3 | 95.4 | |
Tax Ann. | 60.3% | 70.8 | 53.6 | 36 | 17.2 | |
76.9% | 432.6 | 186.2 | 111.2 | 78.2 | ||
Net Profit Ann. | 76.9% | 432.6 | 186.2 | 111.2 | 78.2 | |
NPM Ann. % | 26.3% | 57.59% | 34.36% | 27.18% | 28.58% | |
EPS Adj. latest Ann. | 76.8% | 66.9 | 28.8 | 17.2 | 12.1 |
EAAA Alternatives INFORMATION ON IPO ISSUE
About EAAA Alternatives
EAAA India Alternatives was incorporated on May 14, 2008. The company is a leading alternatives platform in India with over 15 years of experience, managing an AUM of Rs 572.62 billion as of September 30, 2024. It operates a diversified, multi-strategy platform in under-tapped, fast-growing alternative asset classes, offering income and yield solutions to clients.
Object of the Issue
- To carry out the offer for sale of equity shares of face value of Rs 5 each aggregating up to Rs 1,500 crore by the promoter selling shareholder
- Achieve the benefits of listing equity shares on the stock exchanges
EAAA Alternatives - PROMOTERS
| Name |
|---|
| Edelweiss Financial Services Limited |
| Edelweiss Securities and Investments Private Limited |
| Edel Finance Company Limited |
| Edelweiss Global Wealth Management Limited |
EAAA Alternatives - MANAGEMENT & LEADERSHIP
| Name | Designation |
|---|---|
| Rashesh Chandrakant Shah | Executive Chairman & Whole-Time Director |
| Priyadeep Chopra | Non-Executive Non-Independent Director |
| Ananya Suneja | Non-Executive Non-Independent Director |
| Sunil Nawal Phatarphekar | Non-Executive Independent Director |
| William Preston Hutchings | Non-Executive Independent Director |
| Neeta Mukerji | Non-Executive Independent Director |
| Sampa Bhasin | Non-Executive Independent Director |
| Sunil Kakar | Non-Executive Independent Director |
| Balagopal Chandrasekhar | Non-Executive Independent Director |
EAAA Alternatives Book Running Lead Manager
Axis Capital Limited
eaaa.ipo@axiscap.in
Jefferies India Private Limited
EAAA.IPO@jefferies.com
Motilal Oswal Investment Advisors Limited
eaaa.ipo@motilaloswal.com
Nuvama Wealth Management Limited
eaaa@nuvama.com
EAAA Alternatives Registrar to the Offer
Link Intime India Private Limited
eaaaindia.ipo@linkintime.co.in
EAAA Alternatives Strengths
Comprehensive risk management systems
The company employs enterprise-level risk monitoring to proactively manage existing and emerging risks, with risk assessments conducted during pre-investment stages and regular monitoring in the post-investment phase
Technology-enabled institutional platform
The company leverages in-house and third-party technological solutions to enhance the client experience, improve operational efficiency, and manage risks effectively, integrating technology for scalability, automation, and data management
Longstanding client base
The company's client base spans institutional clients, family offices, and UHNIs/HNIs, with institutional clients, including pension funds and insurance companies, contributing 54.8% of its AUM, and the remaining 45.17% coming from UHNIs/HNIs and family offices
EAAA Alternatives Risks
Depend on ARR revenue
The company's income and profit rely on ARR Revenue and Variable Additional Returns from managed funds. Any adverse impact on these revenue streams could reduce income and profitability
New business strategies
The introduction of new business strategies, sub-strategies, or products may pose challenges and risks that could negatively impact the company's business, financial condition, and operational results
Errors in product information
Any errors in product information or marketing materials provided to clients, or false or misleading information from distributors, relationship managers, or investment professionals, could negatively impact the company's business, financial condition, and results of operations
IPO FAQs
This IPO consists of an offer for sale of up to Rs 1,200.0 crore, of 7,207,207 shares.
The promoters of the company are Edelweiss Financial Services Limited, Edelweiss Securities and Investments Private Limited, Edel Finance Company Limited and Edelweiss Global Wealth Management Limited.
The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.
The price band of the IPO is Rs 1585.0 - 1665.0.
The IPO application opens on Oct 26, 2026 and closes on Oct 28, 2026.
The minimum lot size for the IPO is 9. The maximum lot size for the IPO is 117.
For all category investors, the minimum application amount for this IPO is Rs. 14,265.0, the maximum value for this IPO is Rs 194,805.0.
This IPO will be allotted on Oct 29, 2026.
The refund will be credited to your account on Oct 30, 2026.
The allotted shares will be credited to your demat on Oct 30, 2026.
EAAA India Alternatives Ltd.’s shares will list on the stock exchanges on Nov 02, 2026.
