New Delhi, Jan. 20 -- Edelweiss Financial Services announced that its wholly owned subsidiary, EAAA India Alternatives Limited, filed a draft red herring prospectus with the capital markets regulator, the Securities and Exchange Board of India (Sebi), on Tuesday, 20 January 2026.

The Mumbai-based asset management company aims to raise up to Rs.1,500 crore from the Indian stock market through an entirely offer-for-sale (OFS) issue of equity shares with a face value of Rs.5 apiece, according to the preliminary draft papers.

The proposed IPO is a book-built issue, and the number of shares to be offered has not been disclosed at the draft prospectus stage. The book building process determines the issue price based on investor demand.

As pe...