EAAA India Alternatives fixes price band for Rs 1,200 IPO; issue opens on October 26

Since the issue comprises only an OFS, the company will not receive any proceeds from the IPO, with the entire amount going to the selling shareholder.The basis of allotment is expected to be finalised on October 29, 2026. The company's shares are tentatively scheduled to list on the NSE and BSE on November 2, 2026.The company has set a price band of Rs 1,585-1,665 per share, with a face value of Rs 5 per equity share.

The floor price is 317 times the face value, while the cap price is 333 times the face value.Investors can bid for a minimum of 9 shares and in multiples of 9 shares thereafter. At the upper end of the price band, the minimum investment for a retail investor is Rs 14,985.Live EventsBased on diluted earnings per share (EPS) for FY26, the IPO is priced at a price-to-earnings (P/E) multiple of 39.27 times at the lower end of the price band and 41.25 times at the upper end.

This compares with the average industry peer-group P/E ratio of 39.89 times for FY26.The company's weighted average return on net worth for FY24, FY25 and FY26 stood at 26.57%. Its return on net worth for the quarter ended June 30, 2026, was 28.96% on an annualised basis.Axis Capital Ltd., Jefferies India Pvt. Ltd., Motilal Oswal Investment Advisors Ltd. and Nuvama Wealth Management Ltd. are the book-running lead managers to the issue.

MUFG Intime India Pvt. Ltd. is the registrar.Financial performanceEAAA India Alternatives Ltd. reported a 23% year-on-year increase in total income to Rs 964 crore in FY26, compared with Rs 787 crore in FY25. The company’s profit after tax (PAT) rose 15% to Rs 265 crore in FY26 from Rs 230 crore in the previous financial year.About EAAA India Alternatives Ltd.Incorporated on May 14, 2008, EAAA India Alternatives Ltd. is an alternative investment management platform focused on India's real assets and private credit markets.

It caters to domestic and global institutional investors, high-net-worth individuals, ultra-high-net-worth individuals and family offices through its Real Assets and Private Credit businesses, along with portfolio management services and other investment solutions.As of June 30, 2026, the company managed assets under management (AUM) of Rs 95,344.88 crore and fee-paying assets under management (FPAUM) of Rs 48,623.18 crore.

Its portfolio comprised 10 active Real Assets funds, including two Infrastructure Investment Trusts (InvITs), and 16 active Private Credit funds. The company is supported by its wholly owned subsidiary, Sekura India Management Ltd., and has 277 employees across investment, asset management, coverage, legal, compliance and other functions.Disclaimer: The views/recommendations mentioned in this article, wherever applicable, are those of the respective SEBI-registered Research Analyst/brokerage and have been reproduced/reported with due attribution.

They should not be construed as the views or recommendations of The Economic Times Digital or the journalist. Readers are advised to consider the original research report and make their investment decisions based on their own assessment. Brokerage disclaimers here(You can now subscribe to our ETMarkets WhatsApp channel)