EAAA India Alternatives IPO oversubscribed 5.25 times on day 3
In short
EAAA India Alternatives’ IPO was subscribed 5.25 times by the end of day 3. The issue raised Rs 1,200 crore through an offer for sale, and the price band was Rs 1,585 to Rs 1,665 per share.
The strong demand, especially from QIBs, suggests investor interest. The report does not say the exact revenue or profit numbers, or what the final listing outcome will be.
What the reporting says
EAAA India Alternatives’ IPO was oversubscribed 5.25 times by the final subscription day, with strong demand from QIBs. The 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 available reporting also says the company showed revenue growth and higher profits, but the exact figures are not stated.
Why it matters
EAAA India Alternatives’ IPO was oversubscribed 5.25 times by the final subscription day, helped by strong QIB demand. The issue raised Rs 1,200 crore through an offer for sale, so the company itself will not receive the proceeds. The report also says revenue and profits improved, but gives no figures. The immediate focus is investor demand and valuation.