EAAA India Alternatives IPO oversubscribed 5.25 times on final day
In short
EAAA India Alternatives’ IPO was subscribed 5.25 times by the final day. It raised Rs 1,200 crore through an offer for sale, and the price band was Rs 1,585 to Rs 1,665 per share.
This matters because strong demand can support the listing, but the company will not get money from the sale since it is an OFS. The source says demand from QIBs was strong, but it does not give more details.
What the reporting says
EAAA India Alternatives’ IPO was oversubscribed 5.25 times by the final subscription day, according to the publisher summary. The public issue raised Rs 1,200 crore through an offer for sale, with no proceeds going to the company, and the price band was set at Rs 1,585 to Rs 1,665 per share. The source also says demand was strong from QIBs and notes revenue growth and higher profits, but it does not provide full details of the offer structure beyond the OFS.
Why it matters
EAAA India Alternatives’ IPO was oversubscribed 5.25 times by the final subscription day, with the public issue structured as a Rs 1,200 crore offer for sale. The company will not receive issue proceeds, and the price band is Rs 1,585 to Rs 1,665 per share. The reporting also cites strong QIB demand and mentions revenue growth and higher profits, but does not detail the exact listing outcome.