EAAA India Alternatives files for Rs 1,500-cr IPO

New Delhi: EAAA India Alternatives, an arm of Edelweiss Financial Services, has filed preliminary papers with markets regulator Sebi to raise Rs 1,500 crore through an IPO. The proposed issue will be entirely an offer-for-sale (OFS) by Edelweiss Group, according to the draft red herring prospectus (DRHP) filed on Monday.

The company will not receive any proceeds from the IPO, with the entire amount going to the selling shareholder. EAAA India Alternatives is among India’s leading alternatives platforms, with over 15 years of experience in managing long-term, patient capital.