Edelweiss-backed alternatives platform plans market debut via pure OFS
MUMBAI, Jan 20 (The CONNECT) – EAAA India Alternatives Limited has filed its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) for a ₹1,500 crore initial public offering, marking a key capital markets move by the Edelweiss Group-backed alternatives platform.
The proposed IPO, with a face value of ₹5 per equity share, will be a 100 percent offer-for-sale (OFS) by Edelweiss Group. The company will not receive any proceeds from the issue.
The issue will be conducted through the book-building process, with up to 50 percent of the net offer reserved for qualified institutional buyers, at least 15 percent for non-institutional investors, and a minimum 35 percent earmarked for retail individual investors.
Axis Capital, Jefferies India, Motilal Oswal Investment Advisors and Nuvama Wealth Management are acting as book-running lead managers, while MUFG Intime India has been appointed registrar. The equity shares are proposed to be listed on both BSE and NSE.
The IPO also includes reservations for eligible employees and shareholders. The employee reservation will not exceed 5 percent of the post-offer paid-up equity share capital, with applications permitted at the cut-off price and a possible discount, subject to regulations. In addition, eligible Edelweiss Financial Services Limited (EFSL) public shareholders will be allotted up to 10 percent of the offer size, in line with SEBI guidelines.
Founded in 2008, EAAA India Alternatives is among India’s leading alternatives investment platforms, with over 15 years of experience in managing long-term capital. As of September 30, 2025, it reported assets under management (AUM) of ₹655.04 billion, operating across a diversified, multi-strategy platform spanning real assets and private credit.
The firm focuses on infrastructure and commercial real estate investments with long tenures and low counterparty risk, alongside private credit solutions across the risk spectrum. Its team comprises 80 investment professionals and 57 asset management specialists, supported by senior leadership averaging over 18 years of experience.
Its wholly owned subsidiary, Sekura India Management Limited, supports asset operations, maintenance, monitoring, efficiency improvement and turnaround management across portfolios.
As of September 30, 2025, EAAA’s fee-paying AUM stood at ₹385.21 billion, having grown at a CAGR of 26.24 percent over the past three financial years. During this period, the firm raised capital commitments of ₹352.70 billion, deployed ₹265.66 billion, and realised investments worth ₹301.36 billion.
For FY25, EAAA reported revenue from operations of ₹670.2 crore, up from ₹492.5 crore in FY24, while net profit rose to ₹229.7 crore from ₹175 crore. Nearly 74 percent of AUM was sourced from repeat clients, underscoring sustained investor confidence across institutional and high-net-worth segments globally.
