EAAA India Alternatives shares list at less than 1% premium on BSE, NSE
EAAA India Alternatives experienced a quiet entrance into the market, debuting at a slight premium over its IPO price. The IPO, valued at Rs 1,200 crore, involved completely an offer for sale by the promoter without any new equity shares being issued. Consequently, no funds will benefit the company directly.
The EAAA India Alternatives IPO, priced at Rs 1,665 per share, debuted on Monday with a trading value of less than 1% above the IPO price on both the NSE and BSE. The Rs 1,200 crore offering was an offer for sale (OFS), with the company's promoter selling shareholder Edelweiss Securities & Investments Pvt. selling 72.07 lakh shares.
No fresh equity shares were issued, meaning the company did not receive any proceeds. The IPO price band was set between Rs 1,585 and Rs 1,665 per share, with a face value of Rs 5. The IPO received an overall subscription of 5.51 times, with retail investors subscribing 1.08 times and non-institutional investors subscribing 4.81 times. The qualified institutional buyer (QIB) segment saw a subscription of 13.80 times.
Written by urgent.news from The Economic Times - Top News's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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