EAAA IPO Day 1 Subscription 0.12x, GMP Falls to ₹36
EAAA India Alternatives IPO closed its first day of bidding on Monday, 26 October 2026, subscribed just 0.12 times. The ₹1,200 crore issue, a pure offer for sale, drew bids for about 5.9 lakh shares against an offer of about 50.5 lakh shares (excluding the anchor portion). The grey market premium (GMP) cooled to around ₹35–36, down sharply from the ₹121 quoted on some trackers on 24 October. GMP is unofficial, market-reported data and can change quickly.
The slow start stands in contrast to the strong anchor response last week, when the issue raised about ₹360 crore at the upper price band of ₹1,665. With two more bidding days left, the issue needs a big pick-up from institutional investors to get fully subscribed.
EAAA IPO Day 1 Subscription: Category-Wise Numbers
| Category | Day 1 Subscription |
|---|---|
| Qualified Institutional Buyers (QIB) | 0.08x |
| Non-Institutional Investors (NII) overall | 0.33x |
| Big HNIs (bids above ₹10 lakh) | 0.49x |
| Small HNIs (bids ₹2–10 lakh) | 0.02x |
| Retail Individual Investors (RII) | 0.04x |
| Total | 0.11–0.12x |
Some trackers reported the total at 0.11x and others at 0.12x, depending on the snapshot time and whether the anchor portion is excluded; the category pattern is the same in both — NIIs led, QIBs barely participated, and retail stayed near-flat. About 10,161 applications were received on Day 1.
Why Day 1 Was Slow
- High ticket size: at ₹1,585–1,665 per share with a 9-share lot, the minimum application is ₹14,985, and the issue is a pure OFS — the company receives no fresh capital.
- Valuation caution: the issue is priced at a ₹10,765 crore valuation, and investors appear to be waiting for QIB cues on Day 2 and Day 3, as often happens with large issues.
- Cooling GMP: the premium fell from around ₹121 on 24 October to about ₹35–36 by the Day 1 close (unofficial), removing the quick-listing-gain incentive for many short-term applicants.
- Anchor comfort, not demand: the ₹360 crore anchor book, led by 10 mutual funds, was struck at the upper band, but anchor demand does not guarantee public-category subscription.
EAAA IPO Key Details
| Detail | Information |
|---|---|
| Issue size | ₹1,200 crore (100% offer for sale) |
| Price band | ₹1,585–1,665 per share |
| Lot size / minimum investment | 9 shares / ₹14,985 |
| Open / close | 26–28 October 2026 |
| Anchor book | ~₹360 crore at ₹1,665 |
| Allotment (expected) | 29 October 2026 |
| Listing (expected) | 2 November 2026 (BSE, NSE) |
| Registrar | MUFG Intime India |
Core4 Engineers Day 2: Around 0.7x Ahead of Final Day
The other open issue, BSE SME IPO Core4 Engineers, improved to around 0.7x on Day 2 (trackers showed 0.67–0.76x at the 5 pm snapshot), with NII demand above 1.7x but retail at just 0.40x and QIBs yet to bid. The ₹88–93 issue closes on Tuesday, 27 October, so its final day will decide whether it scrapes through. Read the earlier update here: Core4 Engineers IPO Subscription: 0.08x Before Final Days.
Jio and Paras Allotment Tonight, Listing on 28 October
Tonight is also allotment night for the two big issues that closed on 23 October. Jio Platforms (subscribed 22.19x, QIB 70.55x) and Paras Healthcare (2.23–2.34x) are both due to finalise allotment after about 8 pm on 26 October, with refunds and demat credit on 27 October and listing on 28 October. Jio's GMP held at about ₹247 (around 22% over the ₹1,119 upper band, unofficial), implying roughly ₹1,366, while Paras traded at about ₹11 (around 1.6%, unofficial). Applicants can check allotment on the registrar websites — KFin Technologies for Jio and MUFG Intime for Paras — or on the BSE and NSE allotment pages. Full check steps here: Jio IPO Allotment 26 Oct: Check Status, GMP & Listing.
What to Watch Next
- 27 October: BLS Polymers (₹255 crore, ₹142–150), SFC Environmental (₹667.53 crore, ₹313–330) and Wiscon Industries SME open; Core4 Engineers closes.
- 28 October: EAAA closes; Jio Platforms and Paras Healthcare list; M.K.Sons Fine Jewels and Carver Roboweld open.
- 29 October: EAAA allotment expected; Bombay Coated opens.
More on this week's pipeline: Upcoming IPOs This Week (26 Oct–2 Nov): 9 Issues, Dates, GMP, BLS Polymers IPO: ₹255 Cr Issue, Price Band & Dates, and SFC Environmental IPO: Price Band, Dates, GMP & Review. This evening's midday picture, for comparison: IPO Subscription Today 26 Oct: EAAA Day 1 at 0.02x. Anchor-book background: EAAA IPO Anchor Book: ₹360 Crore Raised Ahead of Oct 26 Open.
FAQs
How much was EAAA IPO subscribed on Day 1?
EAAA IPO was subscribed 0.11–0.12 times on Day 1 (26 October 2026): QIB 0.08x, NII 0.33x, retail 0.04x, with about 10,161 applications.
What is EAAA IPO GMP today?
EAAA IPO GMP was around ₹35–36 on 26 October 2026, down from about ₹121 quoted on 24 October. GMP is unofficial and subject to change; it is not an indicator of the listing price.
When does EAAA IPO close, and when is the listing?
EAAA IPO closes on 28 October 2026. Allotment is expected on 29 October and listing on 2 November 2026 on BSE and NSE.
Is EAAA IPO a fresh issue or an OFS?
It is a 100% offer for sale of ₹1,200 crore. Existing shareholders are selling; the company receives no fresh capital from the issue.
When is Jio IPO allotment and listing?
Jio Platforms allotment is finalised on the night of 26 October 2026, with listing scheduled on 28 October 2026. Paras Healthcare follows the same dates.
Conclusion
EAAA's Day 1 at 0.12x is a distinctly weak start for a ₹1,200 crore mainboard issue, even allowing for the usual back-ended pattern of large IPOs. The next two days — and especially QIB participation — will decide whether the issue gets through, while tonight's Jio and Paras allotments and Wednesday's listings will set the mood for the three IPOs opening on Tuesday. This article is for information only and is not investment advice; verify subscription figures on the exchange websites before applying.