EAAA India Alternatives secures ₹360 crore from anchor investors ahead of IPO

Edelweiss Financial Services' subsidiary, EAAA India Alternatives Ltd, has secured approximately ₹360 crore from anchor investors in anticipation of its ₹1,200-crore initial public offering. The allocation of 21,62,161 equity shares occurred at ₹1,665 per share, which is the upper limit of the price band. Among the participating mutual funds were HDFC Mutual Fund, ICICI Prudential Mutual Fund, SBI Mutual Fund, Nippon India Mutual Fund and Kotak Mahindra Mutual Fund, which together made up 61% of the anchor book.

Global institutional investors such as Norway's Government Pension Fund Global and asset manager Schroders, along with local firms like Carnelian, 360 ONE, Unifi and Nuvama, also took part in the anchor allocation. The public issue is scheduled to open on October 26 and close on October 28, with the shares expected to trade on the BSE and NSE on November 2.

The company operates an alternative investment platform that manages long-term capital across infrastructure, commercial real estate and private credit. The IPO is an Offer for Sale (OFS) by the Edelweiss Group, meaning the company will not receive any funds from the offering, as the selling shareholder will receive the entire amount.