Edelweiss Financial Services announced that its wholly-owned subsidiary, EAAA India Alternatives Limited, has filed a draft red herring prospectus with the capital markets regulator, the Securities and Exchange Board of India (Sebi), on Tuesday, 20 January 2026.

The Mumbai-based asset management company aims to raise up to ₹1,500 crore from the Indian stock market through an entirely offer-for-sale (OFS) issue of equity shares with a face value of ₹5 apiece, the preliminary draft papers noted.

Eaaa India Alternatives IPO

The proposed IPO is a book-built issue, and the number of shares to be offered has not been disclosed at the draft prospectus stage. The book building process determines the issue price based on investor demand.

According to the company’s DRHP filing, there is no fresh issue portion of the initial public offering. Hence, all proceeds from the issue go to the promoter and investor selling stakeholders, and the company will not receive any funds from the public issue.

The public issue is being managed by multiple book-running lead managers including, Axis Capital Ltd., Jefferies India Private Ltd., Motilal Oswal Investment Advisors Ltd., and Nuvama Wealth Management Ltd.

Since, this is the company’s first public offer, there is no prior trading market for its shares.