EAAA India Alternatives Shares List at ₹1,675.50 on NSE, 0.63% Premium to IPO Price

EAAA India Alternatives Ltd. shares made their stock market debut on Monday, November 2, 2026, listing at ₹1,675.50 per share on the National Stock Exchange (NSE), representing a premium of 0.63% over the IPO issue price of ₹1,665 per share. The company's equity shares also commenced trading on the Bombay Stock Exchange (BSE), opening at ₹1,673 per share, a premium of 0.48%.

The stock opened ₹10.50 above the issue price on NSE. Investors who received shares through the IPO allotment recorded a gain at the opening price, before applicable transaction charges and taxes. Following the listing, EAAA India Alternatives shares traded at ₹1,697.90 as of 12:09 PM IST, with an intraday high of ₹1,763 and a low of ₹1,601, according to 5paisa.

The listing followed the company's ₹1,200 crore initial public offering, which opened for subscription on October 26, 2026, and closed on October 28, 2026. The public issue received an overall subscription of 5.51 times, with the Qualified Institutional Buyers (QIBs) category recording the highest subscription at 13.80 times. The IPO price band was fixed at ₹1,585 to ₹1,665 per share.

EAAA India Alternatives Ltd., formerly known as Edelweiss Alternative Asset Advisors Limited, operates in India's alternative asset management industry. The company manages investment strategies across private credit, real assets and other alternative investment categories, providing asset management services to institutional investors and other eligible clients.

EAAA India Alternatives IPO Listing Details

EAAA India Alternatives IPO was a ₹1,200 crore book-built issue comprising an offer for sale of approximately 72.07 lakh equity shares. The public offering did not include a fresh issue component.

Since the entire IPO comprised an offer for sale, the proceeds from the public issue will be received by the selling shareholder, Edelweiss Securities and Investments Private Limited, after applicable expenses. EAAA India Alternatives will not receive proceeds from the sale of shares under the IPO.

The IPO price band was fixed at ₹1,585 to ₹1,665 per equity share, with a minimum application lot of nine shares. At the upper end of the price band, the minimum investment required from an Individual Investor was ₹14,985.

The IPO opened for subscription on October 26, 2026, and closed on October 28, 2026. The basis of allotment was scheduled for October 29, followed by the initiation of refunds and credit of shares to successful applicants' demat accounts on October 30, 2026.

The offering included an anchor investor allocation of 21,62,161 equity shares, representing ₹360 crore at the upper issue price. Anchor investor allocation took place on October 23, 2026, ahead of the public subscription period.

The public issue offered 14,41,443 shares to QIBs, excluding the anchor investor portion, 10,81,081 shares to Non-Institutional Investors and 25,22,523 shares to Individual Investors. These allocations represented approximately ₹240 crore, ₹180 crore and ₹420 crore, respectively, at the upper issue price.

The QIB category recorded the highest subscription among the main investor categories at 13.80 times, followed by Non-Institutional Investors at 4.81 times. The Individual Investors category was subscribed 1.08 times.

On November 2, 2026, EAAA India Alternatives shares listed at ₹1,675.50 on NSE, representing a premium of 0.63% over the issue price. Following the opening, the stock traded at ₹1,697.90 as of 12:09 PM IST, reflecting an increase of 1.98% compared with the IPO price.

- Issue Price: ₹1,665 per share
- NSE Listing Price: ₹1,675.50 per share
- BSE Listing Price: ₹1,673 per share
- NSE Listing Premium: 0.63%
- BSE Listing Premium: 0.48%
- Trading Price: ₹1,697.90 per share
- Change From Issue Price at NSE Listing: +0.63%
- Change From Issue Price at Reported Trading Price: +1.98%
- Intraday High: ₹1,763
- Intraday Low: ₹1,601
- Trading Volume: 64,28,914 shares
- Market Capitalisation: ₹10,978 crore
- Overall Subscription: 5.51 times
- Issue Size: ₹1,200 crore
- Fresh Issue: Nil
- Offer for Sale: Approximately 72.07 lakh equity shares
- Price Band: ₹1,585 to ₹1,665 per share
- Lot Size: 9 shares
- Minimum Investment: ₹14,985
- IPO Open Date: October 26, 2026
- IPO Close Date: October 28, 2026
- Listing Date: November 2, 2026
- Exchange: NSE and BSE

First-Day Trading Performance

EAAA India Alternatives share price began trading above its IPO issue price on November 2, 2026, with the stock recording a listing premium of 0.63% on NSE.

Listing Price: On NSE, the stock opened at ₹1,675.50 per share, compared with the IPO issue price of ₹1,665, resulting in a premium of ₹10.50 per share, or 0.63%.

The opening price placed EAAA India Alternatives shares above the upper end of the IPO price band of ₹1,665. The stock subsequently traded at ₹1,697.90, remaining above its issue price at the reported intraday snapshot.

Listing Return: Investors allotted one lot of nine shares at the issue price of ₹1,665 invested ₹14,985. At the NSE listing price of ₹1,675.50, the value of one lot stood at ₹15,079.50, representing a gain of ₹94.50 before applicable charges and taxes.

At the reported trading price of ₹1,697.90, the corresponding lot value stood at ₹15,281.10, translating into a gain of ₹296.10 over the original application amount, before charges and taxes.

Opening Performance: Following the debut, EAAA India Alternatives shares touched an intraday high of ₹1,763, representing an increase of ₹98 per share, or 5.89%, over the IPO issue price.

The stock recorded an intraday low of ₹1,601, which was ₹64, or 3.84%, below the issue price. The difference between the intraday high and low stood at ₹162 per share.

As of 12:09 PM IST, the stock traded at ₹1,697.90, ₹22.40 above its NSE listing price. The reported trading price represented an increase of ₹32.90, or 1.98%, over the IPO issue price.

The stock recorded trading volume of 64,28,914 shares at the reported snapshot, while its market capitalisation stood at ₹10,978 crore, according to the 5paisa share-price page.

The opening premium followed an IPO that received 5.51 times overall subscription. Institutional investors recorded the highest subscription among the main investor categories, with the QIB portion subscribed 13.80 times, while the NII category attracted 4.81 times subscription.

EAAA India Alternatives IPO Subscription Status

The EAAA India Alternatives IPO received an overall subscription of 5.51 times by the close of bidding on October 28, 2026.

The public issue attracted bids for 2,78,19,540 shares against 50,45,047 shares available for subscription, excluding the anchor investor portion.

Qualified Institutional Buyers recorded the highest subscription among the main investor categories at 13.80 times, followed by Non-Institutional Investors at 4.81 times. The Individual Investors category was subscribed 1.08 times.

Within the Non-Institutional Investors category, the portion for larger NII applications above ₹10 lakh recorded subscription of 6.21 times, while the portion for smaller NII applications was subscribed 2.00 times.

The QIB category received bids for 1,98,88,587 shares against 14,41,443 shares available for subscription, indicating that institutional bidding exceeded the shares allocated to the category.

Non-Institutional Investors submitted bids for 51,95,952 shares against 10,81,081 shares offered in their category. Individual Investors placed bids for 27,35,001 shares against 25,22,523 shares available for subscription.

The total subscription of 5.51 times reflected participation across institutional, non-institutional and individual investor categories during the three-day bidding period.

The IPO opened on October 26, 2026, with the public issue receiving an overall subscription of 0.12 times on Day 1. Subscription increased to 0.35 times on Day 2, October 27, before reaching 5.51 times on the final day of bidding.

Institutional demand increased during the final day, with QIB subscription rising from 0.48 times on Day 2 to 13.80 times on Day 3. NII subscription increased from 0.72 times to 4.81 times, while Individual Investors' subscription rose from 0.11 times to 1.08 times.

The final combined subscription data showed applications across all three main investor categories, ahead of the company's stock market listing on November 2, 2026.

About EAAA India Alternatives Ltd.

EAAA India Alternatives Limited is an Indian alternative asset management company, formerly known as Edelweiss Alternative Asset Advisors Limited. The company operates in the financial services industry, specialising in alternative investment strategies outside conventional listed equity and debt investment products.

The company's investment management operations cover private credit, real assets and other alternative asset classes. These strategies are designed for institutional investors and other eligible investors seeking exposure to professionally managed alternative investment opportunities.

EAAA India Alternatives manages investment funds and related investment structures that allocate capital to businesses, financing opportunities and real assets. Its activities include identifying investment opportunities, structuring transactions, deploying capital and monitoring the performance of portfolio investments.

The company's private credit operations involve providing financing through investment structures that may include structured debt and other credit arrangements. These strategies operate outside traditional bank lending channels and involve evaluating borrowers, cash flows, collateral and repayment structures.

In real assets, EAAA India Alternatives participates in investment opportunities linked to physical assets and infrastructure-related businesses. Its operating model combines fund management with asset-level monitoring and investment oversight.

The company also has an asset operating platform, Sekura, which supports the management and operation of real asset investments within its broader alternative investment activities.

EAAA India Alternatives earns income through investment management fees and other fee arrangements associated with the funds and investment structures it manages. Its revenue may include performance-linked income, depending on the terms and performance of the relevant investment funds.

The company manages long-duration capital commitments from investors, with fund structures that generally operate over multiple years. Its business performance is influenced by capital raised from investors, fee-paying assets under management, investment deployments, fund performance and the realisation of portfolio investments.

For the financial year ended March 31, 2026, EAAA India Alternatives reported total income of ₹963.76 crore and profit after tax of ₹265.20 crore. Its assets under management stood at ₹72,706 crore at the end of FY26, while fee-paying assets under management were ₹44,710 crore.

For the quarter ended June 30, 2026, the company reported total income of ₹336.13 crore and profit after tax of ₹80.71 crore. Assets under management increased to ₹95,345 crore, with fee-paying assets under management reaching ₹48,623 crore.

EAAA India Alternatives operates in India's alternative asset management industry, where business growth is influenced by investor allocations to private markets, demand for private credit, infrastructure investment activity and the availability of investment opportunities.

The company's IPO comprised an offer for sale of equity shares, with no fresh issue component. The listing on NSE and BSE provides a public trading platform for EAAA India Alternatives' equity shares following the completion of its ₹1,200 crore initial public offering.