# EAAA India Alternatives Limited: IPO analysis

> EAAA India Alternatives Limited (CIN U67190MH2008PLC182205) has filed a Red Herring Prospectus with SEBI for an IPO comprising an offer for sale of ₹1,200 Cr, priced at ₹1,585.00 to ₹1,665.00 per share. In FY26 it reported revenue of ₹870 Cr (+29.7% on FY25) and a net profit of ₹265 Cr. Our fact-check of its claims found no medium or high concerns across 1 claims checked.

- Page: https://ipo.innerkore.com/company/U67190MH2008PLC182205/eaaa-india-alternatives-limited/
- CIN: U67190MH2008PLC182205
- Last updated: 21 Oct 2026

## Key facts

- **Company:** EAAA India Alternatives Limited
- **CIN:** U67190MH2008PLC182205
- **Filing stage:** RHP
- **Latest SEBI filing:** 21 Oct 2026
- **Offer for sale:** ₹1,200 Cr
- **Price band:** ₹1,585.00 to ₹1,665.00 per share
- **Bidding opens:** 26 Oct 2026
- **Bidding closes:** 28 Oct 2026
- **Listing on:** BSE, NSE
- **Revenue FY26:** ₹870 Cr
- **Revenue growth:** +29.7%
- **Net profit FY26:** ₹265 Cr
- **Revenue CAGR FY24 to FY26:** 32.9%
- **Lead managers:** Axis Capital Limited, Jefferies India Private Limited, Motilal Oswal Investment Advisors Limited, Nuvama Wealth Management Limited
- **Registrar:** MUFG Intime India Private Limited
- **Fact-check flags:** 0 high, 0 medium, 0 low

## Key signals (read from the filing; not investment advice)

- **Valuation** (concern): 40.6x P/E. From BSE's price band, on FY26 profit; 10x book value.
- **Growth** (looks fine): 32.9% a year. Sales FY24 to FY26; latest year +29.7%.
- **Profitability** (looks fine): 30.5% net margin. FY26; operating margin improving.
- **Debt** (looks fine): 0.41x equity. ₹441 crore borrowed at the end of FY26.
- **Profit into cash** (looks fine): 89% of profit. Operations brought in ₹235 crore against ₹265 crore of profit in FY26.
- **One-off income** (look closer): 28% of profit. Other and one-off income is 28% of pre-tax profit.
- **Where the money goes** (concern): All for sale. Entirely an offer for sale: the company receives nothing.
- **Red flags** (looks fine): None serious. 1 claims checked: 0 high, 0 medium concern.

## Financial snapshot (₹ crore unless stated; consolidated)

| | FY24 | FY25 | 3M Jun-25 | FY26 | 3M Jun-26 |
|---|---:|---:|---:|---:|---:|
| Sales | 493 | 670 | 191 | 870 | 276 |
| Sales growth | – | 36.1% | – | 29.7% | – |
| Operating profit | 163 | 228 | 75 | 323 | 59 |
| Operating margin | 33.1% | 34.1% | 39.3% | 37.2% | 21.6% |
| Net profit | 175 | 230 | 56 | 265 | 81 |
| Net margin | 35.6% | 34.3% | 29.2% | 30.5% | 29.3% |
| Net worth | 729 | 966 | 1,046 | 1,076 | 1,160 |
| Borrowings | 445 | 507 | 495 | 441 | 399 |
| Return on equity | 24.0% | 23.8% | – | 24.7% | – |

## Fact-checked claims

- **NONE** (SubsidiaryPerformance): A financial year event in 2010 involved establishing the first performing credit fund.. The search results do not contain information that directly corroborates or contradicts the claim about a financial year event in 2010 involving the establishment of the first performing credit fund. The search results focus on recent financial figures, revenue, and IPO details.

## Common questions

### How big is the EAAA India Alternatives Limited IPO?

EAAA India Alternatives Limited's IPO comprises an offer for sale of ₹1,200 Cr, according to its Red Herring Prospectus. The price band is ₹1,585.00 to ₹1,665.00 per share.

### What are EAAA India Alternatives Limited's revenue and profit?

EAAA India Alternatives Limited reported revenue from operations of ₹870 Cr in FY26, +29.7% versus FY25. Net profit was ₹265 Cr (FY25: ₹230 Cr). Revenue grew at a compound rate of 32.9% a year from FY24 to FY26. Figures are read from the RHP, as printed there.

### What are the red flags in EAAA India Alternatives Limited's RHP?

We fact-checked 1 claims from the filing against the open web: 0 raised a high concern, 0 medium and 0 low. This is an automated screen, not a verdict; each finding links to its sources.

### What does EAAA India Alternatives Limited do?

Here's what you need to know before investing in EAAA India Alternatives Limited's IPO.

### Who manages the EAAA India Alternatives Limited IPO?

Book running lead managers: Axis Capital Limited, Jefferies India Private Limited, Motilal Oswal Investment Advisors Limited, Nuvama Wealth Management Limited. Registrar to the offer: MUFG Intime India Private Limited. Shares are proposed to list on BSE and NSE.

### Where can I read the original EAAA India Alternatives Limited IPO documents?

All 1 filing for EAAA India Alternatives Limited (RHP) are listed on this page with links to the original PDFs on SEBI's website. Every page reference cites the exact page of the source document.

## Source documents

- [EAAA India Alternatives Limited](https://listing.bseindia.com/Download/8888888/PreAnchor/RHPGID_20261021183023.zip) (Red Herring Prospectus, filed 21 Oct 2026)

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Source: InnerKore IPO (https://ipo.innerkore.com/). Read from public SEBI filings by automated extraction; check the linked documents. Not investment advice.