New Delhi:EAAA India Alternatives Ltd, an arm of Edelweiss Financial Services, has fixed a price band of Rs 1,585-1,665 per share for its Rs 1,200-crore Initial Public Offering (IPO), valuing the company at Rs 10,765 crore at the upper end. The public issue will open for subscription on October 26 and close on October 28.Bidding by anchor investors is scheduled for October 23, according to a public announcement on Wednesday. The IPO is entirely an Offer For Sale (OFS) by the Edelweiss Group, with no fresh issue component. Consequently, the company will not receive any proceeds from the public offering, and the entire amount will go to the selling shareholder. The issue size has been reduced to Rs 1,200 crore from the Rs 1,500 crore proposed in the Draft Red Herring Prospectus (DRHP) filed with the Securities and Exchange Board of India (Sebi) in January. In March, Edelweiss Financial Services completed the sale of a 4.4 per cent stake in EAAA India Alternatives for Rs 375 crore. At the upper end of the price band, the company has an implied market capitalisation of Rs 10,765 crore, while the valuation stands at Rs 10,248 crore at the lower end.