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EAAA India Alternatives’ Rs 1,200 crore IPO kicks off. Check all key details here
Finance · 2 updates
EAAA India Alternatives’ Rs 1,200 crore IPO kicks off. Check all key details here
EAAA India Alternatives IPO opened for subscription on Monday, giving investors three days to place their bids. In the grey market, the issue is commanding a grey market premium (GMP) of around 2%, signalling modest listing gains over the issue price, although GMP remains an unofficial indicator.The Rs 1,200-crore IPO is entirely an offer for sale (OFS) of 72.07 lakh equity shares by promoter selling shareholder Edelweiss Securities & Investments Pvt. Since the issue comprises only an OFS, the company will not receive any proceeds from the offering; the entire amount goes to the selling sh
EAAA India Alternatives shares list at less than 1% premium on BSE, NSE
EAAA India Alternatives shares made a muted debut on Monday, listing at a premium of less than 1% to the IPO price of Rs 1,665. The stock opened at Rs 1,675.50 on the NSE and Rs 1,673 on the BSE.The Rs 1,200 crore IPO was entirely an offer for sale (OFS), comprising 72.07 lakh equity shares sold by promoter selling shareholder Edelweiss Securities & Investments Pvt. As the issue involved no fresh equity issuance, the company will not receive any proceeds from the offering; the entire amount goes to the selling shareholder.The company had set the IPO price band at Rs 1,585–1,665 per share,
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