EAAA India Alternatives IPO allotment today; check status on BSE, NSE and registrar

• EAAA India Alternatives IPO allotment expected October 29.
• The Rs 1200-crore issue was subscribed 5.25 times overall.
• Shares will likely list on BSE and NSE on November 2.

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The allotment of EAAA India Alternatives‘ initial public offering (IPO) is expected to be finalised on October 29, a day after the Rs 1,200-crore issue closed for subscription. Investors can check their allotment status through the registrar, MUFG Intime India, or the stock exchanges once the results are available.

The IPO received bids for 2,78,19,185 shares against 52,99,684 shares on offer, translating into a subscription of 5.25 times, according to the data from the National Stock Exchange (NSE).

Qualified institutional buyers (QIBs) led the demand, subscribing to their reserved portion 13.13 times. The non-institutional investor (NII) category was subscribed 4.58 times, while the retail investor portion received bids for 1.03 times the shares reserved for it.

In the grey market, the EAAA India Alternatives IPO was commanding a premium of Rs 28 per share, or around 1.68 percent, according to the latest available data from InvestorGain on October 29.

However, the grey market premium (GMP) is an unofficial indicator of investor sentiment and does not guarantee listing gains. It can change with market conditions and demand for the issue.

EAAA India Alternatives IPO allotment status: How to check

Investors can check their allotment status online after the basis of allotment is finalised.

Check allotment status on Registrar

Step 1. Visit the MUFG Intime India IPO allotment page at https://in.mpms.mufg.com/Initial_Offer/public-issues.html
Step 2. Select EAAA India Alternatives from the list of issues, once available.
Step 3. Choose the applicable search option, such as PAN or application number.
Step 4. Enter the required details and submit.
Step 5. Your allotment status will appear on the screen once the results are published.

Check allotment status on BSE

1. Visit the BSE IPO application status page at https://www.bseindia.com/investors/appli_check
2. Select ‘Equity’ as the issue type.
3. Choose EAAA India Alternatives from the issue list.
4. Enter your application number or PAN as requested.
5. Submit the details to view the status.

Check IPO bid details on NSE

Step 1. Visit the NSE IPO bid verification page at https://www.nseindia.com/invest/check-trades-bids-verify-ipo-bids
Step 2. Follow the instructions to verify your IPO bid.
Step 3. Enter the required application details.
Step 4. Your allotment status will appear on the screen once the results are published.

The IPO opened for subscription on October 26 and closed on October 28. The company fixed the price band at Rs 1,585 to Rs 1,665 per share.

Investors could apply for a minimum of nine shares, translating into a minimum investment of Rs 14,985 at the upper end of the price band.

The Rs 1,200-crore issue comprises an offer for sale (OFS) of approximately 72.07 lakh equity shares by promoter entity Edelweiss Securities and Investments. There is no fresh issue component.

As the IPO is entirely an OFS, EAAA India Alternatives will not receive any proceeds from the offering. The money, excluding offer-related expenses, will go to the selling shareholder.

Check IPO News Here

The company’s shares are scheduled to list on the BSE and NSE on November 2. Refunds for unsuccessful applicants and credit of allotted shares to demat accounts are expected on October 30.

Ahead of the public issue, EAAA India Alternatives raised Rs 360 crore through its anchor book.

The anchor investor pool included Government Pension Fund Global, Schroder International, Hornbill Capital Advisors, Goldman Sachs and BNP Paribas Financial Markets.

Axis Capital, Jefferies India, Motilal Oswal Investment Advisors and Nuvama Wealth Management are the merchant bankers to the issue.

About EAAA India Alternatives

EAAA India Alternatives operates primarily across two business verticals: real assets and private credit. The company also offers portfolio management services and focuses on managing long-term capital.

Through its real assets business, the company invests in infrastructure and commercial real estate assets using equity, quasi-equity and debt instruments. Its private credit business provides credit and flexible financing solutions to borrowers, giving it exposure to alternative investment opportunities beyond traditional listed equity and debt markets.

Disclaimer:

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