Qualified Institutional Buyers portion subscribed 13.80 times on Day 3. The issue generated a demand of close to Rs 4631.95 crore

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.

EAAA Alternatives’ IPO has drawn strong backing from India’s most discerning institutional investors. 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 India and Kotak. Global long-term investors such as Norway’s Government Pension Fund Global, Schroders has also participated. That support has carried into the main book.

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