EAAA India Alternatives Raises Rs360 Cr from Anchor Investors -

EAAA India Alternatives Limited ("EAAA"), described as one of India's leading alternatives platforms with 17 years of experience managing long-term patient capital, has raised Rs 360 crore from anchor investors ahead of its initial public offering, according to a FinTech BizNews release datelined Mumbai, October 23, 2026. The company informed the bourses that it allocated 21,62,161 equity shares at Rs 1,665 per share to anchor investors. The IPO opens for public subscription on October 26, 2026 and closes on October 28, 2026, with an issue size of Rs 1,200 crore.

Per data submitted with the exchanges, all of India's Top 5 mutual funds participated in the anchor book: HDFC MF, ICICI Prudential MF, SBI MF, Nippon MF and Kotak MF. In total, 10 mutual funds invested, accounting for 61% of the anchor book. Other domestic participants included Bandhan, HSBC, 360 ONE, Abakkus and Trust Mutual Fund. The release also cites Norges Bank Investment Management's Government Pension Fund Global, one of the world's largest sovereign wealth funds with a reported value of nearly $2.3 trillion, and Schroders as global institutional participants, alongside other long-only foreign institutional investors. Indian asset managers Carnelian, 360 ONE, Unifi and Nuvama also took part.

According to industry sources cited in the release, the anchor book was heavily oversubscribed. The company attributes the demand to confidence in the long-term growth of India's alternatives industry, and points to its track record, 17-year vintage and integrated asset management and operations capabilities as key differentiators. These claims are company-sourced and have not been independently verified. Axis Capital, Jefferies, Motilal Oswal and Nuvama are the book running lead managers, while Shardul Amarchand Mangaldas, Cyril Amarchand Mangaldas and Linklaters are legal counsel. Retail investors may bid for a minimum of 9 equity shares and in multiples of 9 thereafter.