Edelweiss Financial Services announced that its wholly-owned subsidiary, EAAA India Alternatives Limited, has filed a draft red herring prospectus with the capital markets regulator, the Securities and Exchange Board of India (Sebi), on Tuesday, 20 January 2026.
The Mumbai-based asset management company aims to raise up to ₹1,500 crore from the Indian stock market through an entirely offer-for-sale (OFS) issue of equity shares with a face value of ₹5 apiece, the preliminary draft paper noted.
The proposed IPO is a book-built issue. The number of shares to be offered has not been disclosed at the draft prospectus stage.
According to the company’s DRHP filing, there is no fresh issue portion of the public offering. Hence, all the proceeds raised from the Indian stock market will be received by the promoter and investor selling stakeholders, and the company will not get any proceeds from the public issue.
(This is a developing story. Check for updates)
