Linklaters advises on EAAA India Alternatives’ INR 12bn IPO in India

Linklaters has advised the book running lead managers on EAAA India Alternatives Limited’s initial public offering (IPO), raising approximately INR 12bn. The company’s equity shares are listed on the BSE and the National Stock Exchange of India.

The IPO comprised an offer for sale of approximately 7.2 million equity shares. The offering attracted strong institutional investor demand, with the qualified institutional buyer portion subscribed approximately 13 times. The book running lead managers on the transaction included Axis Capital Limited, Jefferies India Private Limited, Motilal Oswal Investment Advisors Limited and Nuvama Wealth Management Limited.

EAAA India Alternatives is an Indian alternative asset management platform focused on real assets and private credit. The company manages investments across infrastructure, commercial real estate, energy transition and private credit strategies.

The Linklaters team was led by partner and Head of India Practice Amit Singh and capital markets counsel Joseph Wolpin, with support from Rushil Oberoi and Manish Soni.

Amit Singh, partner and Head of India Practice at Linklaters, commented:

“EAAA India Alternatives’ listing is a significant development for India’s alternatives industry, demonstrating how established alternatives platforms can access the public equity markets. The strong participation in the IPO is particularly encouraging. Congratulations to EAAA India Alternatives and everyone involved.”

With more than 50 years of on-the-ground experience in Asia, Linklaters has an established reputation as a leading adviser on India-related capital markets transactions. The firm regularly advises issuers, financial institutions and investors on significant equity offerings across a diverse range of sectors.