EAAA India Alternatives to launch Rs 1,200-crore IPO on October 26

Representational Image. File pic.

EAAA India Alternatives Ltd, an arm of Edelweiss Financial Services, will open its Rs 1,200-crore initial public offering (IPO) for subscription on October 26.

The issue will close on October 28, while anchor investor bidding is scheduled for October 23, according to the company’s Red Herring Prospectus (RHP).

The issue is entirely an Offer for Sale (OFS) by Edelweiss Group with no fresh issue component. This means the company will not receive any proceeds from the public offering, and the entire amount will go to the selling shareholder.

The IPO size has been reduced to Rs 1,200 crore from the Rs 1,500 crore proposed in the Draft Red Herring Prospectus (DRHP) filed with the Securities and Exchange Board of India (SEBI) in January.

In March, Edelweiss Financial Services completed the sale of 4.4 per cent of common equity in its arm EAAA India Alternatives for Rs 375 crore.

Incorporated in 2008, EAAA India Alternatives is among India’s leading alternative investment platforms, with over 15 years of experience in managing long-term capital.

The company operates a diversified, multi-strategy platform across alternative asset classes, focusing on income and yield solutions for clients.

Its investment portfolio spans real assets, including infrastructure assets in the energy and transportation sectors, commercial real estate, and private credit, which offers financing solutions across the risk spectrum.

The company has offices in Mumbai, New Delhi, GIFT City and Singapore.

Also, SEC Environmental Technologies Ltd is gearing up to launch its IPO on October 27.

The IPO comprises a fresh issue of equity shares worth up to Rs 150 crore and an Offer for Sale (OFS) of up to 1,56,82,750 equity shares, according to the Red Herring Prospectus.

The IPO will conclude on October 29, while the anchor investor bidding will take place on October 26.

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