The R1,200-crore initial public offering (IPO) of EAAA India Alternatives opened for subscription on Monday, 26 October, and will close today, Wednesday, 28 October.
The EAAA India Alternatives IPO price band has been fixed at ₹1,585– ₹1,665 per equity share, with a face value of ₹5 per share. The EAAA India Alternatives IPO lot size is 9 equity shares, and investors can place bids in multiples of 9 shares thereafter.
EAAA India Alternatives IPO GMP today, or grey market premium, is +10. Considering the upper end of the IPO price band and the current premium in the grey market, the estimated listing price of the EAAA India Alternatives share price was indicated at ₹1,675 apiece, which is 0.60% higher than the IPO price of ₹1,665.
Based on grey market trading over the past six sessions, the IPO’s GMP trend has turned downward, signalling softer investor demand. During this period, the premium fluctuated between ₹10 and ₹121, according to market data.
The EAAA India Alternatives IPO allotment is expected to be finalised on Thursday, 29 October. The company is likely to initiate EAAA India Alternatives IPO refunds on Friday, 30 October, while shares are expected to be credited to the demat accounts of successful allottees on the same day.