EAAA India Alternatives Limited
vs. prev. close ₹1,450
52W High
₹1,450
52W Low
₹1,450
Market cap
₹9,321 Cr
IPO stage
No DRHP filed
CIN
U67190MH2008PLC182205.
Price History
52W High
₹1,450
52W Low
₹1,450
About EAAA India Alternatives Limited
A 15-year-old, institutionally built alternative asset platform managing over Rs 72,000 crore across Real Assets and Private Credit, now at the doorstep of a public listing with its DRHP already filed. Profitable, cash-generative, and client-sticky, but still carrying the valuation-sensitivity and regulatory-timing risk that comes with any pre-IPO story.
Short Version :
EAAA India Alternatives Limited, formerly Edelweiss Alternative Asset Advisors Limited, is one of India's leading alternative asset managers with over 15 years of experience across Real Assets and Private Credit. As of March 31, 2026, it managed Assets Under Management of Rs 72,706 crore and Fee-Paying AUM of Rs 44,710 crore, serving 5,400+ client relationships across 34 countries. Consolidated Total Income rose to Rs 963.76 crore (FY26) from Rs 786.54 crore (FY25), with PAT of Rs 265.20 crore (EPS Rs 41.26) against Rs 229.78 crore (EPS Rs 35.75) a year earlier, and a Book Value per Share of roughly Rs 167.
Why It Trades Where It Does :
The Company filed a Draft Red Herring Prospectus with SEBI on January 19, 2026 for a proposed IPO of up to Rs 1,500 crore, placing it firmly in pre-listing territory with an identifiable near-term liquidity catalyst. Operating cash flow swung sharply positive to Rs 235.24 crore in FY26 from a negative Rs 121.68 crore in FY25, and 74% of AUM comes from repeat investors, supporting earnings visibility. At the same time, a meaningful share of reported profit stems from unrealised fair-value gains on co-invested capital rather than realised cash earnings, a factor that typically tempers how aggressively such income is capitalised into valuation.
Top Risk :
A significant portion of FY26 profit (Rs 290.47 crore) came from unrealised, mark-to-market fair value gains on Variable Additional Return rather than realised cash earnings, exposing future reported profits to valuation and market volatility.
Revenue (management fees, performance fees, and Variable Additional Return) is directly tied to AUM and FPAUM growth and underlying fund performance; any slowdown in fundraising or fund underperformance would directly hit earnings.
The proposed IPO is subject to SEBI and market approval; the DRHP process could face delays, modification, or withdrawal depending on regulatory review and market conditions.
Deferred tax liabilities nearly doubled to Rs 176.50 crore (from Rs 107.13 crore), reflecting tax on unrealised investment gains that will only crystallise as cash obligations on realisation.
A one-off exceptional charge of Rs 9.88 crore relating to the new Labour Codes was recognised in FY26, indicating continued exposure to evolving statutory/regulatory costs.
Top Opportunities :
A Draft Red Herring Prospectus has already been filed for a proposed IPO of up to Rs 1,500 crore, a concrete near-term catalyst that could meaningfully improve liquidity and valuation discovery for existing pre-IPO shareholders.
AUM has grown consistently, from Rs 54,679 crore to Rs 59,629 crore to Rs 72,706 crore over the last three fiscal years, in a structurally expanding Indian alternatives market (Real Assets and Private Credit) projected to grow at a 17-19% CAGR through CY2030.
A diversified, long-standing client base (48% institutional, 74% repeat investors, 5,400+ relationships across 34 countries) reduces fundraising concentration risk and supports recurring, visible management and advisory fee income.
Operating cash flow turned strongly positive (Rs 235.24 crore in FY26 versus negative Rs 121.68 crore in FY25), signalling improving cash conversion alongside profit growth.
Disclaimer :
Priveq.in is an informational platform for unlisted and pre-IPO shares, operated by Priveq Investech Private Limited (the named counterparty on transactions). Unlisted shares carry risks including illiquidity, valuation uncertainty, and limited regulatory disclosure. This page is informational only and does not constitute investment advice.
Company Details
Industry
Financial Services — Asset & Wealth Management
Founded
2008
Headquarters
Mumbai, Maharashtra, India
Min Lot Size
1
Face Value
₹5.00
Total Shares
64280246
Regulatory Information
Corporate Identity Number (CIN)
U67190MH2008PLC182205.
PAN Number
AABCE9810G
ISIN
INE528L01027
Key Valuation Ratios
Valuation
Market Cap
₹9,320.64 Cr
P/E Ratio
35.15×
P/S Ratio
10.72×
P/B Ratio
8.67×
EV / EBITDA
23.51×
Returns & Per Share
ROE
24.66%
EPS
₹41.26
Book Value / Share
₹167.32
Solvency
Debt / Equity
0.41×
Interest Coverage
7.05×
Company Fundamentals
As of FY2026 Annual · updated 17 Oct 2026Gross Profit
₹869.54 Cr
EBITDA
₹407.61 Cr
Revenue Growth
29.73%
Profit Margin
30.50%
Performance Trends
4 annual periods · derived from filed statements
Revenue
₹ Cr
Net Profit
₹ Cr · losses in red
Earnings Per Share
₹ per share
Return on Equity
ROE %
Return on Capital Employed
ROCE %
Debt-to-Equity
0.41×
EBITDA Margin
46.88%
Interest Coverage
7.05×
Financial Statements
| Line item | FY2023 | FY2024 | FY2025 | FY2026 |
|---|---|---|---|---|
| Total Income | ||||
| Revenue from operationsDisclosed | 698.43₹ Crore | 583.85₹ Crore | 670.26₹ Crore | 869.54₹ Crore |
| Other incomeDisclosed | 2.8₹ Crore | 39.55₹ Lakh | 116.28₹ Crore | 94.22₹ Crore |
| Total IncomeDerived | 701.23₹ Crore | 584.25₹ Crore | 786.54₹ Crore | 963.76₹ Crore |
| Expenses | ||||
| Cost of goods soldDisclosed | 0₹ Crore | 0₹ Crore | 0₹ Crore | 0₹ Crore |
| Purchases of stock-in-tradeDisclosed | 0₹ Crore | 0₹ Crore | 0₹ Crore | 0₹ Crore |
| Changes in inventoriesDisclosed | 0₹ Crore | 0₹ Crore | 0₹ Crore | 0₹ Crore |
| Employee benefits expenseDisclosed | 126.19₹ Crore | 183.62₹ Crore | 302.11₹ Crore | 381.65₹ Crore |
| Finance costsDisclosed | 18.7₹ Crore | 36.48₹ Crore | 49.12₹ Crore | 55.96₹ Crore |
| Depreciation and amortization expenseDisclosed | 3.78₹ Crore | 5.35₹ Crore | 11.23₹ Crore | 13.01₹ Crore |
| Manufacturing expensesDisclosed | 0₹ Crore | 0₹ Crore | 0₹ Crore | 0₹ Crore |
| Operating expensesDisclosed | 0₹ Crore | 0₹ Crore | 0₹ Crore | 0₹ Crore |
| Other expensesDisclosed | 212.02₹ Crore | 146.1₹ Crore | 139.77₹ Crore | 164.63₹ Crore |
| Total ExpensesDerived | 360.7₹ Crore | 371.56₹ Crore | 502.24₹ Crore | 615.24₹ Crore |
| Profit | ||||
| Exceptional itemsDisclosed | 0₹ Crore | 0₹ Crore | 0₹ Crore | -9.88₹ Crore |
| Profit before taxDerived | 340.53₹ Crore | 212.69₹ Crore | 284.31₹ Crore | 338.64₹ Crore |
| Current tax expenseDisclosed | 15.7₹ Crore | 91.76₹ Lakh | 1.4₹ Crore | 4.58₹ Crore |
| Deferred tax expenseDisclosed | 2.67₹ Crore | 50.31₹ Crore | 53.65₹ Crore | 69.5₹ Crore |
| Tax expenseDisclosed | 18.34₹ Crore | 37.53₹ Crore | 54.53₹ Crore | 73.44₹ Crore |
| Profit After TaxDerived | 322.19₹ Crore | 175.16₹ Crore | 229.78₹ Crore | 265.2₹ Crore |
| Other comprehensive incomeDisclosed | 7.43₹ Crore | -1.57₹ Crore | 6.71₹ Crore | 26.14₹ Crore |
| Total Comprehensive IncomeDerived | 329.62₹ Crore | 173.59₹ Crore | 236.49₹ Crore | 291.34₹ Crore |
Rashesh Chandrakant Shah
Chairman & Whole-time Director
30+
Priyadeep Chopra
Director
15+
Ananya Suneja
Director
20+
EAAA India Filed DRHP others DRHP
EAAA India Filed DRHP others DRHP
EAAA India Filed DRHP others DRHP
EAAA India Filed DRHP others DRHP
Express buy interest
No commitment — the desk will reach out
Current Price
₹1,450Secure & Verified Transaction
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About EAAA India Alternatives Limited unlisted shares
Indicative · updated dailyEAAA India Alternatives Limited unlisted share price today
EAAA India Alternatives Limited unlisted share price today is ₹1,450 as of 17 October 2026.
EAAA India Alternatives Limited — frequently asked questions
- What is the grey market price for EAAA India Alternatives Limited?
No IPO is currently announced for EAAA India Alternatives Limited, so no grey market exists; the price above reflects Priveq's own desk valuation.
- Has EAAA India Alternatives Limited filed for an IPO, and when might it list?
EAAA India Alternatives Limited has not filed a draft red herring prospectus, so no IPO is currently announced and no listing date has been set.
- How does EAAA India Alternatives Limited compare to its listed peers?
There is no closely comparable listed company for EAAA India Alternatives Limited in India today.
- Is EAAA India Alternatives Limited on the SME or Mainboard IPO track?
EAAA India Alternatives Limited has not filed a draft red herring prospectus, so no IPO track is set yet.
- What is EAAA India Alternatives Limited's CIN and registered office?
EAAA India Alternatives Limited's Corporate Identity Number is U67190MH2008PLC182205., registered at Mumbai, Maharashtra, India.
- What is EAAA India Alternatives Limited's market capitalisation?
EAAA India Alternatives Limited's market capitalisation is approximately ₹9,321 crore, based on its current unlisted share price.
More in Financial Services — Asset & Wealth Management
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Applies to every company on Priveq- How do I buy EAAA India Alternatives Limited unlisted shares?
Priveq Investech Private Limited is the named counterparty on every transaction. To buy EAAA India Alternatives Limited unlisted shares: complete KYC once (PAN, Aadhaar, bank details, and demat account information — SEBI-compliant, typically approved within 24 hours), then submit your order through your Priveq dashboard specifying quantity. Our team confirms price and payment details with you directly. Once payment is confirmed, EAAA India Alternatives Limited shares are transferred off-market straight to your demat account, with no pooling and no middlemen.
- How do I sell EAAA India Alternatives Limited unlisted shares?
Submit an Express Sell Interest for EAAA India Alternatives Limited through your Priveq dashboard, specifying quantity, the same way a buy order is placed. Priveq quotes you a bid price, which may differ from the live Buy price shown to buyers, since unlisted-share pricing works on a bid-ask basis rather than a single quote. Once you accept, you'll need to provide your Client Master List (CML), a cancelled cheque or bank details, and PAN. If you hold shares with CDSL, transfer can also be completed digitally via CDSL Easiest. You transfer EAAA India Alternatives Limited shares to Priveq first, and payment follows once the transfer is confirmed received, typically the same day, T+1, or occasionally T+2, communicated to you directly. For sizeable transactions worth crores of rupees, an escrow arrangement can be used instead, at the sole consent of both parties.
- What is the minimum investment for EAAA India Alternatives Limited unlisted shares?
Minimum investment varies by company and is shown as the Min Investment figure on this page. EAAA India Alternatives Limited's minimum is ₹1,450.
- Is there a maximum investment limit?
There's no fixed maximum investment limit for EAAA India Alternatives Limited unlisted shares. For sizeable transactions worth crores of rupees, an escrow arrangement can be used at the sole consent of both parties, the same mechanism available on the sell side.
- Is buying EAAA India Alternatives Limited unlisted shares legal in India?
Yes. Buying and selling unlisted shares in India is legal and is subject to relevant SEBI regulations, including the mandatory lock-in period after listing, stamp duty, and depository participant charges on each transaction. Priveq's own KYC process is built to be SEBI-compliant.
- What is the lock-in period for EAAA India Alternatives Limited unlisted shares?
EAAA India Alternatives Limited has not filed a DRHP yet, so no listing date or lock-in period applies at this stage. Once an IPO is filed, this answer updates to reflect the applicable SME or Mainboard lock-in.
- What happens if EAAA India Alternatives Limited's IPO is delayed or withdrawn?
If an IPO is delayed, shares remain unlisted and continue to trade on the desk at Priveq's indicative price, with no lock-in in effect until an actual listing happens. If a company formally withdraws its DRHP, the same applies: shares stay unlisted, with no lock-in period until and unless a fresh IPO process begins.
- How are capital gains on EAAA India Alternatives Limited unlisted shares taxed?
If you sell unlisted shares, including EAAA India Alternatives Limited, within 24 months of purchase, the gain is taxed as short-term capital gain at your applicable income tax slab rate. Beyond 24 months, it is taxed as long-term capital gain at 12.5 percent, without indexation benefit, under the rules effective from 23 July 2024. If EAAA India Alternatives Limited lists and you sell after listing, the applicable tax treatment shifts to listed-security rates, with the holding period still measured from your original unlisted purchase date. This is general information, not tax advice; investors should confirm their specific position with a tax advisor.
- Can NRIs invest in EAAA India Alternatives Limited unlisted shares?
Yes, on a non-repatriable basis. NRIs can invest using funds from an NRO account; sale proceeds stay within India unless repatriated separately under RBI's own limits. Priveq does not currently support repatriable investment (NRE/FCNR-funded), which would require the investee company to file additional RBI paperwork as foreign direct investment.
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No. The price quoted to you is all-in; there is no separate platform fee or brokerage added on top.
- How does Priveq determine the desk price for EAAA India Alternatives Limited?
Priveq's desk price reflects several inputs together, not a single formula: the seller's ask price at the time, current demand and supply on the platform for EAAA India Alternatives Limited specifically, broader sentiment in the unlisted and pre-IPO market, how EAAA India Alternatives Limited's sector and listed peers are trading, the company's own recent financial performance and IPO-stage developments, and recent transaction history where deals have actually closed.
Because unlisted shares trade over the counter rather than on an exchange, this price is indicative, not a continuously live quoted market price, and the actual deal price is confirmed with you directly before a transaction closes.
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Priveq is not a SEBI-registered stock exchange and not a SEBI-registered investment adviser. Priveq Investech Private Limited operates Priveq.in as a research and information platform for unlisted and pre-IPO shares, and is the named counterparty on transactions executed through the platform. Nothing on this page is investment advice; it's information to help you evaluate a company and decide for yourself.
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You receive an email acknowledging and confirming your order, along with a deal note or invoice recording the transaction details.
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