EAAA India Alternatives IPO GMP Today: Subscription, Allotment, Listing and Review

The EAAA India Alternatives IPO GMP is Rs 12 to Rs 19 on 28 October 2026, about 1% above the Rs 1,665 upper price band, and down from a high of Rs 121. The Rs 1,200 crore offer for sale closes today, allotment is on 29 October and listing is on 2 November.

Below: the day-wise GMP, subscription by category, lot size, quotas, financials, valuation, risks, how to apply and how to check allotment. Figures are as on 28 October 2026, 4:08 PM IST.

EAAA India Alternatives IPO GMP Today

The EAAA India Alternatives IPO GMP today is Rs 12 to Rs 19 per share, depending on the tracker, which implies a listing price of about Rs 1,677 to Rs 1,684 against the Rs 1,665 cap.

The three trackers checked on 28 October agree on direction and differ by a few rupees, because grey market quotes vary by dealer and by the hour.

The GMP is an unofficial premium over the issue price, and no exchange or regulator publishes it. Treat it as a sentiment reading and not a forecast, since a listing can open far from the GMP shown a day earlier.

EAAA IPO GMP Trend: Why It Fell From Rs 121

The EAAA India Alternatives IPO GMP fell from a high of Rs 121 to Rs 12 to Rs 19 in six sessions, a drop of about 84% to 90% from the peak.

Both trackers show the peak of Rs 121 before the issue opened on 26 October. The two series differ on the days in between, so the table lists each one as the tracker published it.

The slide took place while early bidding was thin: 0.12 times on day 1 and 0.35 times on day 2. The fall in the premium matched that weak start, though the trackers do not say why dealers cut their quotes.

On the closing day, institutions took subscription to 5.22 times, and InvestorGain shows the GMP rising from Rs 11 to Rs 19 over the same period. Bids from large investors tend to arrive on the last day, so the final figure can move again before the issue closes.

The formula is the issue price plus the GMP, with the percentage taken on the issue price. A GMP of Rs 19 on Rs 1,665 is 1.14%, which is thin once brokerage and taxes are counted.

EAAA India Alternatives IPO Details at a Glance

The EAAA India Alternatives IPO is a book-built, 100% offer for sale of 72,07,208 equity shares worth about Rs 1,200 crore, listing on NSE and BSE.

The share count before and after the issue is the same because no new shares are created. A pure offer for sale moves ownership from the sellers to new investors, and the company gets none of the money.

EAAA India Alternatives IPO Date and Timetable

The EAAA India Alternatives IPO opened on Monday 26 October 2026 and closes on Wednesday 28 October 2026, with allotment on 29 October and listing on 2 November.

Listing comes three working days after the close under the SEBI timeline for public issues, and the 30 October step is the standard T+2 credit date. You can read the rules on SEBI.

EAAA IPO Price Band, Lot Size and Minimum Investment

The EAAA IPO price band is Rs 1,585 to Rs 1,665, one lot is 9 shares, and the minimum retail investment is Rs 14,985 at the upper band.

Retail bids are capped at Rs 2 lakh, and 13 lots is the most that fits at the cap price, since 14 lots cost Rs 2,09,790. At the lower band of Rs 1,585, one lot costs Rs 14,265.

Bids above Rs 2 lakh and up to Rs 10 lakh fall in the small NII category, and bids above Rs 10 lakh fall in big NII. The two categories are tracked separately in subscription.

EAAA IPO Reservation, Anchor Investors and Quotas

The EAAA IPO reserves 30% for anchor investors, 20% for qualified institutional buyers, 15% for non-institutional investors and 35% for retail investors.

The anchor and QIB portions together make up 50% of the issue, the usual institutional half. Anchors bid before the issue opens, so the public subscription figures below cover the other 70%.

The retail portion can take about 2,80,280 applications of 1 lot each, and the non-institutional portion is split into 2,860 small and 5,720 big applications at the minimum size.

EAAA India Alternatives IPO Subscription Status

The EAAA India Alternatives IPO was subscribed 5.22 times overall at 3:51 PM on 28 October 2026, led by qualified institutional buyers at 13.79 times.

The bids are worth Rs 4,385.6 crore against Rs 840 crore offered. QIBs bid Rs 3,310.7 crore, of which mutual funds put in Rs 2,267 crore, about 68%, and foreign institutions Rs 825.98 crore.

Retail is the weak spot at 0.54 times by shares and about 66,349 applications against 2,80,280 on offer, or 0.24 times by count. The exchanges publish live bidding on NSE India and BSE India, and the final figure is set when bidding ends.

About EAAA India Alternatives Limited

EAAA India Alternatives is an alternative investment manager that runs real assets and private credit funds, with assets under management of Rs 95,344.88 crore on 30 June 2026.

It was set up on 14 May 2008 as Edelweiss Alternative Asset Advisors Limited and renamed in 2024. Its fee-paying AUM was Rs 48,623.18 crore, and it served 11,009 client relationships, of which 1,493 were repeat clients.

Its clients are institutions, high-net-worth and ultra-high-net-worth individuals and family offices in India, North America and Europe. Its subsidiary Sekura India Management Limited handles asset operating and management support for the real assets portfolio.

Income comes from management and advisory fees, GP income and Variable Additional Return, which is a performance-linked fee. The company says its funds are mostly long-term, close-ended structures, and you can read more on the EAAA website.

EAAA India Alternatives Financials: Revenue, Profit and Net Worth

EAAA India Alternatives grew total income 22.5% to Rs 963.76 crore and profit after tax 15.4% to Rs 265.20 crore in FY26, with a return on net worth of 25.97%.

Profit margin on total income was 27.5% in FY26, down from 29.2% in FY25 and 30.0% in FY24. Income grew faster than profit in the latest year, which is why the margin slipped.

Borrowings fell from Rs 507.49 crore to Rs 441.03 crore in FY26, and net worth rose past Rs 1,000 crore. The June 2026 quarter earned Rs 80.71 crore, which is 24.0% of that quarter's income.

EAAA India Alternatives IPO Valuation: P/E and Peers

At the Rs 1,665 cap price, EAAA India Alternatives is valued at about 40.6 times FY26 earnings, which is about 20% above the 33.8 times median of nine listed peers.

The market cap at the cap price is about Rs 10,765 crore on 6,46,55,246 shares. That is about 10.2 times the net asset value of Rs 163.69 a share in the offer document.

On annualised June-quarter earnings the multiple is about 33 times, which is closer to the peer median. Peer P/E uses closing prices as on 8 October 2026, so it will have moved by now.

EAAA India Alternatives IPO Review: Strengths, Risks and Who Should Apply

The EAAA India Alternatives IPO suits investors who want exposure to India's alternatives market and accept a premium valuation, but it does not suit anyone applying only for a listing gain.

The offer document also lists the risks that matter most:

A 1% GMP is not a reason to apply or to skip. Read the Red Herring Prospectus, compare the valuation with the peer table above, and decide on your holding period.

How to Apply for the EAAA India Alternatives IPO Online

The EAAA IPO price band and dates guide covers the offer terms in brief. You can apply for the EAAA India Alternatives IPO through any broker app or net banking with UPI or ASBA until the issue closes on 28 October 2026.

The amount is blocked in your account and not debited. Only the shares allotted are paid for, and the rest is released after allotment.

EAAA India Alternatives IPO Allotment Status: How to Check and Your Chances

The EAAA IPO allotment is expected on Thursday 29 October 2026, and you can check status on the registrar MUFG Intime India, BSE or your broker app.

The registrar's investor email is eaaaindia.ipo@in.mpms.mufg.com and its phone number is +91 22 4918 6270.

At 0.54 times by shares, retail is below full subscription on the closing afternoon, and every valid bid would get shares if that held. Late retail bids can still push it over 1 time.

EAAA India Alternatives Share Price, Listing and Tax on Gains

EAAA India Alternatives shares have no market price yet and are expected to list on NSE and BSE on Monday 2 November 2026.

Until then the only prices are the issue band of Rs 1,585 to Rs 1,665 and the unofficial GMP. Check the live price on NSE India once trading starts.

The STCG Calculator works out the tax on a listing-day sale, and the Capital Gains Calculator covers longer holds. The guide to capital gains on equity explains the rates.

If you buy more shares after listing at a different price, the Stock Average Calculator shows your new average cost.

Other Mainboard IPOs This Week and Their GMP

Four other mainboard IPOs are open or about to open this week besides EAAA, according to the IPO tracker lists on 28 October 2026.

The GMP for each moves daily, so check it on the day you bid. The Jio Platforms IPO guide covers the largest issue of the month, and the F&O tax guide applies if you trade derivatives on listed stocks.

Frequently Asked Questions: EAAA India Alternatives IPO GMP