EAAA India Alternatives IPO
EAAA India Alternatives IPO is a mainboard IPO raising ₹1,200 Cr at ₹1,585 – ₹1,665 a share. The smallest application you can make is 9 shares, costing ₹14,985 at the top of the band. Bidding closes on 28 Oct 2026 and the shares list on 2 Nov 2026. So far it has been subscribed 0.33× in total.
Only 33% of shares on offer have been bid for
populated partly populated we hold nothing here — the tab says why
The price they’re asking
From the prospectus’s own “Basis for Issue Price” — the issuer’s earnings multiple against the peers it chose to compare itself with.
Priced 22% above the median multiple of the peers the issuer itself names.
| Listed peer (issuer’s choice) | P/E | RoNW | EPS |
|---|---|---|---|
| 360 One WAM Limited | 35.67× | 14.39% | ₹29.19 |
| Aditya Birla Sun Life AMC Limited | 29.84× | 25.1% | ₹33.68 |
| Anand Rathi Wealth Limited | 90.69× | 47.54% | ₹47.17 |
| HDFC Asset Management Company Limited | 33.76× | 32.93% | ₹66.5 |
| Gaja Alternative Asset Management Limited | 16.47× | 16.47% | ₹7.17 |
| Nippon Life India Asset Management Limited | 43.99× | 34.48% | ₹23.63 |
| Nuvama Wealth Management Limited | 30.99× | 27.34% | ₹56.06 |
| UTI Asset Management Company Limited | 27.93× | 10.38% | ₹31.41 |
| ICICI Prudential Asset Management Company Limited | 45.95× | 85.8% | ₹66.73 |
| This issue | 41.3× | 25.97% | ₹40.36 |
derived: cut-off price Rs1665 / stated EPS Rs40.36 (FY26 diluted EPS (year ended March 31, 2026), Restated Consolidated Financial Information). Peer figures are as printed in the prospectus — they date from its filing, not today. A multiple is one lens, not a verdict.
Terms of the issue
The mechanics of what is being sold. Held for every issue we track.
Not here yet
The anchor-investor allocation — which institutions were allotted shares before bidding opened — is still to be read out of its document.