EAAA India Alternatives, a subsidiary of Edelweiss Financial Services, founded by Rashesh Shah and Venkat Ramaswamy, on Wednesday fixed the price band for its maiden initial public offering (IPO) at Rs 1,585–1,665 per share, valuing the company at Rs 10,765 crore.
The company is looking to raise Rs 1,200 crore through the IPO, which comprises an offer for sale (OFS) by its promoter entity, Edelweiss Securities and Investments.
The proceeds from the public issue, excluding offer-related expenses, will go to the selling shareholder. EAAA India Alternatives will not receive any proceeds from the offering.
The IPO will open for subscription on October 26 and close on October 28. The one-day anchor book for institutional investors will open on October 23.
Shares of EAAA India Alternatives are expected to list on the stock exchanges on November 2.