EAAA India Alternatives, the private alternative asset and investment management company-promoted by Edelweiss Group, on Friday raised Rs 360 crore by allocating 21.62 lakh equity shares via anchor book ahead of IPO opening next week.
The Rs 1,200-crore initial public offering, which comprises entirely an offer-for-sale, will open for public subscription on October 26 with price band at Rs 1,585-1,665 per share. The offer will close on October 28.
Promoter entity Edelweiss Securities and Investments will be selling shareholder in the offer-for-sale.
EAAA India Alternatives has announced allocation of 21.62 lakh shares at the upper end of price band. Global investors participated in the anchor book were Government Pension Fund Global, Schroder International, Hornbill Capital Advisors, Goldman Sachs, and BNP Paribas Financial Markets.
"Out of the total allocation to anchor book, the company allocated 14.14 lakh equity shares to 10 domestic mutual funds including HDFC AMC, SBI Mutual Fund, ICICI Prudential AMC, Nippon Life India, Kotak Mahindra AMC, Abakkus Asset Manager, HSBC Mutual Fund, and Bandhan Mutual Fund," EAAA India Alternatives in its filing to exchanges said.