Mutual funds take 65% of EAAA India Alternatives IPO anchor allocation
Mutual funds took 65.42% of the anchor portion in the EAAA India Alternatives IPO, with SBI Midcap Fund getting the largest stake, Mint reports.
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what happened
Mint reports that EAAA India Alternatives, a company in the Edelweiss Group, allotted about 21.62 lakh shares to anchor investors at Rs 1,665 each before its public subscription opens. Bidding runs from October 26 to 28, 2026, with a price band of Rs 1,585 to Rs 1,665 and an offer size of Rs 1,200 crore, made up entirely of existing shareholders selling stock.
Mutual funds received 14.14 lakh shares, or 65.42% of the anchor portion, through 13 schemes run by 10 domestic fund houses. Eleven of those are mutual fund schemes and two are specialised investment funds. The largest slice went to SBI Midcap Fund, with 2,28,231 shares worth roughly Rs 38 crore, or 10.56% of the anchor book. According to the report, the fund share exceeded the 33.33% ceiling SEBI sets for domestic funds in the anchor portion.
why it matters
Half of the anchor shares are locked in for 30 days and the rest for 90 days, so they cannot be sold or moved to another scheme during those periods. Listing is proposed for November 2, 2026. Fund investors gain only indirect exposure, and whether a scheme keeps or sells its stake depends on its manager's decisions.
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- Mutual funds got 65% of EAAA India Alternatives IPO anchor book: Which schemes will own shares of the Edelweiss company? — Moody's, 24 October 2026 at 12:17 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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