EAAA India Alternatives IPO: Asset Management Firm Files Draft Papers For Rs 1500 Crore Public Issue - Should You Apply?

Edelweiss Alternative Asset Advisors (EAAA India Alternatives) has filed draft papers with the Securities Exchange Board of India (Sebi) for its public issue. The company plans to conduct a fundraise via a complete offer-for-sale. Here’s a look at some key details of the mainboard public issue:

EAAA India Alternatives IPO: Offer Size

EAAA India Alternatives' issue consists of an offer-for-sale of shares aimed at raising Rs 1500 crore. The price band, lot size, and key dates for EAAA India Alternatives IPO have not been announced yet. The book running lead manager is Axis Capital and the registrar for the issue is MUFG Intime India Pvt.

EAAA India Alternatives IPO: Key Financials

In the quarter ended September 30, 2025, EAAA India Alternatives posted a total income of Rs 457.16 crore, the company’s profit-after-tax stood at Rs 125.10 crore and net worth stood at Rs 1,022.58 crore.

EAAA India Alternatives' total income increased by nearly 35 per cent to Rs 786.54 crore in the financial year ended March 31, 2025 compared to Rs 584.25 crore in the preceding fiscal. The company posted a net profit of Rs 229.78 crore in FY 2024-25 increasing by over 31 per cent compared to a net profit of Rs 175.16 crore in the preceding fiscal.

EAAA India Alternatives: Business Model

EAAA India Alternatives is an alternatives platform which operates in India. The company operates a diversified, multi-strategy platform, in alternative asset classes. The company focuses on providing income and yield solutions to its clients and its key business verticals include real assets (equity and debt instruments) and private credit. The company generates revenue via a fixed percentage paid on the capital committed or invested by their clients. The company also generates revenue by providing specialised investment advice to institutional investors and family offices.

EAAA India Alternatives: Competitors

The company does not have any direct listed peers. However the company mentioned in its DRHP that traditional wealth and asset management giants such as 360 One WAM, Aditya Birla Sun Life AMC, Anand Rathi Wealth, Gaja Alternative Asset Management, HDFC Asset Management Company, ICICI Prudential Asset Management Company, Nippon Life India Asset Management, Nuvama Wealth Management and UTI AssetManagement Company are among its competitors within the broader industry.

EAAA India Alternatives IPO: Should You Apply?

Here’s a look at the strengths and risks mentioned by the alternative investment arm of the Edelweiss Group which investors must consider before applying for the public issue:

EAAA India Alternatives: Key Risks

Here’s a look at some of the key risks related to EAAA India Alternatives’s business according to the company’s RHP:

• EAAA India Alternatives mentioned in its DRHP that its revenue and profit are dependent on its management and advisory fees, general partner income and the variable additional return (VAR) earned with respect to the funds managed by the company thus any adverse factors affecting these sources of income may result in a decline in the company’s income and profit.

• The company’s clients may not honor their capital calls, which can also adversely affect the company’s ability to invest, and in turn affect the fund’s operations and performance.

• The asset advisor’s ability to raise capital commitments for new funds could be adversely affected if the appeal of alternative investments were to decline in the market.

EAAA India Alternatives : Key Strengths

Here’s a look at some of the key strengths of EAAA India Alternatives’ according to the company’s RHP:

• EAAA India Alternatives claims that it is a scaled and experienced player in the large and expanding Indian real assets and private credit market.

• The company mentioned in the DRHP that it is a diversified, multi-strategy platform offering a wide range of alternative investments products, with a consistent track record.

• The company claims to be a technology-enabled institutional platform with a dedicated portfolio operating and management platform.

EAAA India Alternatives IPO: Objective

EAAA India Alternatives will not receive any proceeds from the public issue, and all the offer proceeds will go to the promoter selling shareholder after deduction of public issue related expenses and relevant taxes. However the company plans to achieve the benefits of listing its shares on the stock exchanges, the company also anticipates that the listing of its shares will enhance its visibility and brand image.