EAAA India Alternatives's IPO subscribed 5.51x
EAAA India Alternatives's IPO subscribed 5.51x Qualified Institutional Buyers portion subscribed 13.80 times on Day 3. The issue generated a demand of close to Rs 4631.95 crore Posted by Niilesh waghela Mumbai - The Initial Public Offering of EAAA India Alternatives Limited was subscribed 5.51 times on the final day of bidding. The issue received bids of 2,78,19,540 equity shares against the offered 52,99, 684 equity shares, according to data available on the stock exchanges. Qualified Institutional Buyers (QIBs) and Non-institutional investors portion were subscribed 13.80 times and 4.81 times, respectively. Retail portion was subscribed 1.08 times. EAAA India Alternatives IPO witnessed strong backing from India’s most discerning institutional investors. Ahead of the issue going public, the ₹360 crore anchor book was taken up by marquee investors. Nearly two-thirds went to domestic mutual funds, including India’s five largest fund houses: SBI, ICICI Prudential, HDFC, Nippon...