Edelweiss Alternative Asset Advisors (EAAA), the Subsidiary of Edelweiss has filed the Draft Red Herring Prospectus (DRHP) with the market regulator, the Securities and Exchange Board of India (SEBI) to float a ₹1,500 Cr IPO. Edelweiss Alternative Asset Advisors IPO is entirely an offer for sale (OFS). Edelweiss Securities and Investments Private Limited is the selling shareholder, offloading shares having a face value of ₹5 each.
The company will not be receiving any proceeds from the offer and all the offer proceeds will be received by the Promoter Selling Shareholder after the deduction of Offer-related expenses and relevant taxes thereon, to be borne by the Promoter Selling Shareholders.
Incorporated in 2008, Edelweiss Alternative Asset Advisors (EAAA) is one of the leading alternative platforms in India. The company operate a diversified, multi-strategy platform, in large, under-tapped and fast-growing alternative asset classes, focusing on providing income and yield solutions to our clients.
The company’s key business strategies include (i) real assets and (ii) private credit. The company has invested significant time and resources over the years in building a global, scalable, coverage platform for a diverse client base including institutional investors, ultra-high net worth individuals (UHNIs), high net worth individuals (HNIs) and family offices.
As of September 30, 2024, the company reported assets under management (AUM) AUM of ₹572.62 billion over 15 years.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.
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