EAAA India Alternatives files Rs 1,500-cr IPO papers with Sebi

Mumbai, Jan 21: 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 initial public offering (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.

As a result, the company will not receive any proceeds from the IPO, with the entire amount going to the selling shareholder.