Gaja Alternative Asset Management IPO was a Mainboard Book Built public issue by Gaja Alternative Asset Management Limited. The public issue comprised a fresh issue of equity shares aggregating to ₹450 crore and an Offer for Sale of equity shares aggregating to ₹100 crore. The total issue size was ₹550 crore. The company’s equity shares are proposed to be listed on both BSE and NSE.
Gaja Alternative Asset Management IPO Price was fixed in the range of ₹152 to ₹160 per equity share with a face value of ₹5 per share. The IPO opened for subscription on 19 August 2026 and closed on 21 August 2026. The anchor investor bidding took place on 18 August 2026. The basis of allotment is scheduled for 24 August 2026, refunds and demat credit are scheduled for 25 August 2026, and the listing is scheduled for 26 August 2026.
Gaja Alternative Asset Management Limited is an independent, India-focused alternative asset management company operating under the Gaja Capital brand. The company acts as an investment manager to India-focused funds, including Category I and Category II Alternative Investment Funds, and as an advisor to offshore funds investing in Indian companies.
The company has more than two decades of experience in alternative asset management and has managed and advised funds through different investment cycles. Its business model is focused on raising and managing alternative investment funds, generating management fees and performance-linked income, and supporting portfolio companies through investment and strategic collaboration.
Gaja Alternative Asset Management operates in an asset management segment that can benefit from the growth of private capital, alternative investments, institutional allocations, family offices, sovereign investors, pension funds and other sophisticated investors seeking exposure to private markets.
The company’s financial performance has shown growth over the last three financial years. Total income increased from ₹103.96 crore in FY2024 to ₹157.80 crore in FY2026, while profit after tax increased from ₹44.74 crore to ₹81.96 crore during the same period.
However, investors should understand that alternative asset management businesses can have earnings that fluctuate depending on fund performance, investment exits, carried interest and the timing of performance-linked income. Regulatory changes, fundraising conditions, competition, investment performance and the ability to attract and retain key professionals are important factors to consider before investing.
IPO Details
| Information | Details |
|---|---|
| IPO Name | Gaja Alternative Asset Management IPO |
| Company Name | Gaja Alternative Asset Management Limited |
| IPO Type | Book Built Issue |
| IPO Category | Mainboard IPO |
| Face Value | ₹5 Per Equity Share |
| Price Band | ₹152 to ₹160 Per Share |
| Issue Size | ₹550 Crore |
| Fresh Issue | ₹450 Crore |
| Offer for Sale | ₹100 Crore |
| IPO Open Date | 19 August 2026 |
| IPO Close Date | 21 August 2026 |
| Anchor Investor Bidding | 18 August 2026 |
| Basis of Allotment | 24 August 2026 |
| Refund Initiation | 25 August 2026 |
| Shares Credited to Demat Account | 25 August 2026 |
| Listing Date | 26 August 2026 |
| Listing Exchange | BSE & NSE |
| Lot Size | 93 Equity Shares |
| Retail Minimum Investment | ₹14,880 |
| Retail Maximum Investment | ₹1,93,440 |
| S-HNI Minimum Investment | ₹2,08,320 |
| S-HNI Maximum Investment | ₹9,96,960 |
| B-HNI Minimum Investment | ₹10,11,840 |
| Registrar | MUFG Intime India Private Limited |
| Book Running Lead Managers | JM Financial Limited and IIFL Capital Services Limited |
The company intends to utilise the net proceeds from the fresh issue primarily towards sponsor commitments to certain existing and new funds and repayment of the bridge loan amount. The remaining proceeds are proposed to be used for general corporate purposes.
Gaja Alternative Asset Management IPO Dates
| IPO Event | Date |
|---|---|
| Anchor Investor Bidding | 18 August 2026 |
| IPO Opening Date | 19 August 2026 |
| IPO Closing Date | 21 August 2026 |
| Basis of Allotment | 24 August 2026 |
| Refund Initiation | 25 August 2026 |
| Shares Credited to Demat Account | 25 August 2026 |
| Listing Date | 26 August 2026 |
After the allotment process is completed, successful applicants will receive the allotted equity shares in their demat accounts before the shares begin trading on BSE and NSE.
Gaja Alternative Asset Management IPO Reservation
| Investor Category | Reservation |
|---|---|
| Anchor Investors | 30% |
| Qualified Institutional Buyers (QIB) | 20% |
| Non-Institutional Investors (NII) | 15% |
| Retail Individual Investors (RII) | 35% |
The anchor investor allocation was completed before the IPO opened for public subscription. The remaining shares were allocated among QIBs, NIIs and retail investors according to the issue structure.
Gaja Alternative Asset Management IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 Lot | 93 Shares | ₹14,880 |
| Retail Maximum | 13 Lots | 1,209 Shares | ₹1,93,440 |
| S-HNI Minimum | 14 Lots | 1,302 Shares | ₹2,08,320 |
| S-HNI Maximum | 67 Lots | 6,231 Shares | ₹9,96,960 |
| B-HNI Minimum | 68 Lots | 6,324 Shares | ₹10,11,840 |
The application amounts shown above are calculated using the upper Gaja Alternative Asset Management IPO Price of ₹160 per equity share.
About Gaja Alternative Asset Management Limited
Gaja Alternative Asset Management Limited is an independent alternative asset management company operating under the Gaja Capital brand. The company was incorporated in 2004 and has more than two decades of experience in alternative asset management.
The company serves as an investment manager to India-focused funds, including Category I and Category II Alternative Investment Funds, and acts as an advisor to offshore funds that provide capital to companies in India.
Its business model is focused on identifying investment opportunities, raising capital from investors, managing funds and supporting portfolio companies through active engagement and strategic initiatives.
The company has developed relationships with a diverse base of investors, including institutional investors, family offices, sovereign investors, pension funds, insurance companies and other sophisticated investors.
Gaja Alternative Asset Management has managed and advised multiple funds through different investment cycles. Its experience in private equity and alternative investments gives it exposure to India’s growing private capital ecosystem.
The company generates income through multiple sources, including management fees, carried interest and income from sponsor commitments and investments in funds. This diversified revenue structure provides exposure to both recurring and performance-linked income streams.
Carried interest is an important component of the company’s earnings. It is generally linked to the performance of funds and successful investment outcomes. As a result, the company’s profitability can vary depending on investment exits, fund performance and the timing of distributions.
Business Operations
Gaja Alternative Asset Management operates across several activities within the alternative investment and private capital ecosystem.
- Alternative Asset Management – The company manages and advises India-focused alternative investment funds.
- Private Equity Investment Management – It focuses on investment opportunities in Indian businesses through private equity strategies.
- Fund Management – The company manages funds and oversees investment decisions throughout the fund lifecycle.
- Investment Advisory – It provides investment advisory services to offshore funds investing in India.
- Management Fee Income – The company earns management fees for managing investment funds.
- Carried Interest – It earns performance-linked income from successful investments and fund exits.
- Sponsor Commitments – The company makes sponsor commitments to certain funds and participates economically in the investment platform.
- Portfolio Company Support – The company follows an invest-and-collaborate approach and works with portfolio companies to support business growth and value creation.
- Fundraising – It works with domestic and international investors to raise capital for alternative investment funds.
- Investment Research and Due Diligence – The company evaluates businesses and investment opportunities before deploying capital.
- Exit Management – The company works towards generating returns through strategic exits and realisation of investments.
Industry Overview
India’s alternative asset management industry has developed significantly as institutional and sophisticated investors increasingly seek investment opportunities outside traditional listed markets.
Private equity, venture capital, private credit, infrastructure funds and other alternative investment strategies have become important sources of capital for Indian businesses. The expansion of India’s economy, growth of middle-market companies, increasing entrepreneurial activity and development of private businesses can create investment opportunities for alternative asset managers.
Domestic institutions, family offices, global investors, sovereign wealth funds, pension funds and insurance companies are increasingly participating in private market investments. This creates opportunities for experienced asset managers with established investment processes and strong investor relationships.
Alternative asset managers can benefit from the growth of assets under management because management fees generally increase as fund sizes and managed assets expand. Successful investment exits can also generate performance-linked income such as carried interest.
However, the industry is different from traditional asset management because earnings can be less predictable. Carried interest depends on investment performance and successful exits, which may occur irregularly. Fundraising conditions can also change depending on global interest rates, economic conditions, market valuations and investor sentiment.
Regulatory requirements are another important consideration. Alternative investment funds operate within a regulated environment, and changes in investment regulations, taxation, disclosure requirements or capital market rules can affect the industry.
Competition is also increasing as domestic and international investment managers expand their presence in India’s alternative investment market.
Business Strategy
Gaja Alternative Asset Management focuses on building a long-term alternative investment platform through fund management, investment performance, investor relationships and portfolio company engagement.
The company seeks to leverage its experience across investment cycles to identify businesses with growth potential and create value through active participation and strategic collaboration.
An important part of its strategy is maintaining relationships with domestic and global investors. A diversified investor base can help support fundraising for existing and future funds.
The company also follows an invest-and-collaborate approach, where the investment team works with portfolio companies to support growth, strategic development and value creation.
The company intends to use a significant portion of the IPO proceeds towards sponsor commitments to existing and new funds. This can support the company’s participation in future investment opportunities and strengthen its ability to expand its alternative asset management platform.
The company also plans to repay the bridge loan using part of the fresh issue proceeds. This can help strengthen its balance sheet and reduce financial obligations.
Gaja Alternative Asset Management IPO Financial Information
A company’s financial performance provides important information about its revenue generation, profitability, capital structure and financial stability.
Gaja Alternative Asset Management reported total income of ₹103.96 crore in FY2024, ₹123.31 crore in FY2025 and ₹157.80 crore in FY2026. Profit after tax increased from ₹44.74 crore in FY2024 to ₹61.95 crore in FY2025 and ₹81.96 crore in FY2026.
Gaja Alternative Asset Management Financial Summary
| Particulars | FY2024 | FY2025 | FY2026 |
|---|---|---|---|
| Total Income | ₹103.96 Crore | ₹123.31 Crore | ₹157.80 Crore |
| Total Expenses | ₹48.98 Crore | ₹64.47 Crore | ₹70.39 Crore |
| Operating Profit | ₹49.25 Crore | ₹60.81 Crore | ₹72.05 Crore |
| EBITDA | ₹57.57 Crore | ₹62.12 Crore | ₹94.32 Crore |
| Profit Before Tax | ₹54.98 Crore | ₹58.84 Crore | ₹87.41 Crore |
| Profit After Tax | ₹44.74 Crore | ₹61.95 Crore | ₹81.96 Crore |
| Net Worth | ₹331.88 Crore | ₹388.97 Crore | ₹606.52 Crore |
| Total Borrowings | ₹3.51 Crore | ₹4.00 Crore | ₹41.56 Crore |
| Total Assets | ₹388.60 Crore | ₹451.87 Crore | ₹706.49 Crore |
The company reported steady growth in total income during the three financial years. Total income increased from ₹103.96 crore in FY2024 to ₹157.80 crore in FY2026.
Profit after tax increased at a faster pace, rising from ₹44.74 crore in FY2024 to ₹81.96 crore in FY2026. This resulted in a strong improvement in profitability.
The company’s net worth also increased substantially, from ₹331.88 crore in FY2024 to ₹606.52 crore in FY2026.
Total borrowings increased from ₹3.51 crore in FY2024 to ₹41.56 crore in FY2026. Although borrowings remain relatively modest compared with net worth, the increase should be monitored by investors.
Another important aspect of the company’s financial profile is the composition of income. Management fees provide a recurring component, while carried interest and income from sponsor commitments can contribute significantly to profitability but may be more dependent on fund performance and investment realisations.
Gaja Alternative Asset Management IPO Key Performance Indicators (KPIs)
Key Performance Indicators help investors evaluate profitability, capital efficiency, margins, leverage and valuation.
| KPI | Value |
|---|---|
| Return on Equity (ROE) | 16.47% |
| Return on Net Worth (RoNW) | 13.13% |
| PAT Margin | 51.94% |
| Debt-to-Equity Ratio | 0.07 |
| Earnings Per Share (EPS) | ₹7.26 |
| Net Asset Value (NAV) Per Share | ₹53.73 |
| Post-Issue NAV Per Share | ₹74.92 |
| Pre-IPO P/E | Approximately 22.04x |
| Post-IPO P/E | Approximately 27.54x |
The company reported a PAT margin of 51.94% for FY2026, reflecting the high-margin nature of its alternative asset management business.
ROE stood at 16.47%, while the debt-to-equity ratio was 0.07, indicating relatively low financial leverage compared with net worth.
At the upper price band of ₹160, the issue valuation needs to be assessed against the company’s FY2026 earnings and the sustainability of future performance-linked income.
Objects of the Gaja Alternative Asset Management IPO
The company intends to utilise the net proceeds from the fresh issue for the following purposes:
- Investing towards sponsor commitments to certain existing funds.
- Investing towards sponsor commitments to new funds.
- Repayment of the bridge loan amount.
- Sponsor commitment to the proposed Fund V.
- Sponsor commitment to the Secondaries Fund.
- General corporate purposes.
Approximately ₹372 crore from the fresh issue is intended for sponsor commitments to certain existing and new funds and repayment of the bridge loan.
The proposed use of funds is therefore primarily focused on strengthening the company’s investment platform and supporting its participation in future and existing funds.
The Offer for Sale portion will be received by the respective selling shareholders and will not form part of the company’s fresh capital.
Gaja Alternative Asset Management IPO Listing Performance
The Gaja Alternative Asset Management IPO listing is scheduled for 26 August 2026 on BSE and NSE.
| Particular | Value |
|---|---|
| Listing Exchange | BSE & NSE |
| Listing Date | 26 August 2026 |
| Issue Price | ₹160 Per Share |
| Listing Price | To be updated after listing |
| Listing Gain | To be updated after listing |
| Listing Gain (%) | To be updated after listing |
The actual listing price will determine the initial market performance against the IPO issue price.
Investors should remember that listing gains represent short-term market sentiment and do not necessarily reflect the long-term value of an alternative asset management business.
Gaja Alternative Asset Management IPO Subscription Status
The Gaja Alternative Asset Management IPO received strong demand during the three-day bidding period.
Gaja Alternative Asset Management IPO Subscription
| Investor Category | Subscription |
|---|---|
| Qualified Institutional Buyers (QIB) | 43.58x |
| Non-Institutional Investors (NII) | 62.35x |
| Retail Individual Investors (RII) | 11.04x |
| Total Subscription | 31.33x |
The QIB portion was subscribed 43.58 times, while the NII category was subscribed 62.35 times. Retail investors subscribed 11.04 times their reserved portion.
The overall Gaja Alternative Asset Management IPO Subscription Status stood at 31.33 times by the end of the bidding period.
Strong subscription across QIB, NII and retail categories indicates substantial investor interest. However, high subscription should not be treated as a substitute for analysing valuation, business fundamentals and risk factors.
Gaja Alternative Asset Management IPO GMP
Gaja Alternative Asset Management IPO GMP is an unofficial indicator of investor sentiment in the grey market. It is not regulated by stock exchanges and can change rapidly.
The grey market premium moved during the IPO period. The premium was reported at around ₹30 at the beginning of the issue period and subsequently moderated. Around 23 August 2026, the reported GMP was approximately ₹17 per share.
At the upper issue price of ₹160, a GMP of ₹17 would indicate an unofficial estimated price of around ₹177. This represents an indicative premium of approximately 10.63%.
However, GMP does not guarantee the actual listing price or listing gain. Investors should use it only as a supplementary market indicator and focus primarily on the company’s financial performance, valuation, business model and long-term prospects.
Gaja Alternative Asset Management IPO Review
Gaja Alternative Asset Management IPO offers exposure to an alternative asset management business operating under the Gaja Capital brand.
One of the company’s key strengths is its long operating history in the alternative asset management industry. The company has more than two decades of experience across different investment cycles and has developed relationships with institutional and sophisticated investors.
The company’s business model generates income from management fees, carried interest and income from sponsor commitments and investments in funds. This provides multiple sources of revenue, although not all components have the same level of predictability.
Financial performance has been strong during the reported period. Total income increased from ₹103.96 crore in FY2024 to ₹157.80 crore in FY2026, while PAT increased from ₹44.74 crore to ₹81.96 crore.
The company also reported a high PAT margin of 51.94% in FY2026. Such margins reflect the economics of an asset-light financial services business where operating expenses can remain relatively controlled compared with revenue.
The company’s net worth increased significantly from ₹331.88 crore in FY2024 to ₹606.52 crore in FY2026. This provides a stronger capital base for future operations.
Another important consideration is the company’s track record in alternative investments. Successful investment outcomes can result in carried interest, which can materially improve profitability when portfolio investments are realised successfully.
However, carried interest also creates earnings variability. Management fee income may be comparatively recurring, while performance-linked income depends on investment exits and fund performance.
The company is also exposed to fundraising risk. Alternative asset managers need to continuously raise capital from investors to maintain and expand their assets under management. Changes in global liquidity, interest rates, investor risk appetite and private market valuations can influence fundraising.
Competition is another important consideration. India’s alternative investment industry includes domestic private equity firms, global investment managers, venture capital firms, private credit platforms and other financial institutions.
The IPO proceeds are primarily intended for sponsor commitments to existing and new funds and repayment of a bridge loan. This use of funds is closely connected to the company’s growth strategy because sponsor commitments can support its participation in future funds.
At the upper price band of ₹160, the post-issue valuation represents a meaningful premium to the company’s reported net asset value. Investors should therefore evaluate the issue based on its future earnings potential, fund growth, investment performance and ability to generate recurring management fees.
Overall, Gaja Alternative Asset Management has a differentiated business model, established investment experience, strong financial performance and a growing alternative investment market opportunity. At the same time, earnings volatility, dependence on investment performance, fundraising requirements, regulatory risks and competition should be carefully considered.
Gaja Alternative Asset Management IPO Strengths
- More than two decades of experience in alternative asset management.
- Independent and India-focused alternative asset management platform.
- Operates under the established Gaja Capital brand.
- Experienced promoters and investment management team.
- Established relationships with domestic and global investors.
- Exposure to India’s growing alternative investment industry.
- Diversified income through management fees, carried interest and sponsor investments.
- Strong growth in total income during FY2024-FY2026.
- Strong growth in PAT during FY2024-FY2026.
- High FY2026 PAT margin of 51.94%.
- Significant increase in net worth.
- Low debt-to-equity ratio.
- Track record across multiple investment cycles.
- Invest-and-collaborate approach with portfolio companies.
- IPO proceeds will support sponsor commitments to existing and new funds.
Gaja Alternative Asset Management IPO Risk Factors
- Earnings can fluctuate because of performance-linked income and carried interest.
- Investment exits may be delayed or may not generate expected returns.
- Fundraising conditions can change depending on economic and market conditions.
- Dependence on key investment professionals can affect business performance.
- Competition from domestic and global alternative asset managers is significant.
- Regulatory changes can affect alternative investment funds and asset managers.
- Changes in taxation rules may affect the attractiveness of alternative investments.
- Investment performance depends on the quality of portfolio selection and execution.
- Management fee income may be affected if assets under management or fund sizes decline.
- Carried interest is dependent on successful realisations from portfolio investments.
- Private market valuations can be affected by changes in interest rates and economic conditions.
- The company needs to maintain strong relationships with institutional and sophisticated investors.
- A significant portion of IPO proceeds is intended for sponsor commitments and fund-related requirements.
- Future financial performance may not grow at the same pace as recent periods.
Gaja Alternative Asset Management IPO Promoters
The promoters of Gaja Alternative Asset Management Limited are Gopal Jain, Ranjit Jayant Shah, Imran Jafar, Chitra Jain and Mona Ranjit Shah.
The promoter and promoter group held approximately 71.03% of the company before the IPO. Following the IPO, promoter and promoter group holding is expected to decline to approximately 54.23%.
The promoters and management team have played a significant role in developing the company’s alternative investment platform and building relationships with investors and portfolio companies.
Gaja Alternative Asset Management IPO Promoters Details
| Promoter | Role |
|---|---|
| Gopal Jain | Promoter, Managing Director & CEO |
| Ranjit Jayant Shah | Promoter & Whole-Time Director |
| Imran Jafar | Promoter & Whole-Time Director |
| Chitra Jain | Promoter & Whole-Time Director |
| Mona Ranjit Shah | Promoter & Whole-Time Director |
The promoter group will continue to hold a majority stake after the IPO, with expected post-issue holding of approximately 54.23%.
Gaja Alternative Asset Management IPO Management Team
The company is led by an experienced investment and management team with expertise in private equity, alternative investments, fund management, business strategy and portfolio management.
| Name | Designation |
|---|---|
| Gopal Jain | Managing Director & Chief Executive Officer |
| Ranjit Jayant Shah | Whole-Time Director |
| Imran Jafar | Whole-Time Director |
| Chitra Jain | Whole-Time Director |
| Mona Ranjit Shah | Whole-Time Director |
The management team focuses on investment performance, fundraising, portfolio company engagement, investor relationships and the expansion of the company’s alternative asset management platform.
Gaja Alternative Asset Management IPO Registrar Details
The registrar is responsible for processing IPO applications, finalising the basis of allotment, coordinating refunds, crediting shares to successful applicants and handling investor-related services.
| Particular | Details |
|---|---|
| Registrar Name | MUFG Intime India Private Limited |
| Website | https://in.mpms.mufg.com |
| IPO Allotment Status | https://in.mpms.mufg.com/Initial_Offer/public-issues.html |
| Email ID | [email protected] |
| Contact Number | +91 810 811 4949 |
Gaja Alternative Asset Management IPO Lead Manager Details
The Book Running Lead Managers are responsible for managing the public issue, coordinating regulatory requirements and assisting the company throughout the IPO process.
| Particular | Details |
|---|---|
| Lead Manager 1 | JM Financial Limited |
| Lead Manager 2 | IIFL Capital Services Limited |
| Syndicate Member | JM Financial Services Limited |
Gaja Alternative Asset Management Limited Contact Details
| Particular | Details |
|---|---|
| Company Name | Gaja Alternative Asset Management Limited |
| Registered Office | 302, 3rd Floor, Kanchenjunga Building, 18, Barakhamba Road, Connaught Place, New Delhi – 110001 |
| Website | https://www.gajacapital.com |
| Email ID | [email protected] |
| Contact Number | +91 91368 89894 |
How to Check Gaja Alternative Asset Management IPO Allotment Status
Investors can check the Gaja Alternative Asset Management IPO Allotment Status after the basis of allotment is finalised through the registrar’s website or the relevant stock exchange facilities.
Through MUFG Intime India Private Limited
- Visit the official MUFG Intime IPO allotment portal.
- Select Gaja Alternative Asset Management IPO from the IPO list.
- Choose PAN Number, Application Number or DP/Client ID.
- Enter the required details.
- Submit the information to view the allotment status.
Through BSE
- Visit the official BSE IPO application status facility.
- Select the relevant IPO.
- Enter your PAN Number or application details.
- Complete the verification process if required.
- Submit the details to check the allotment status.
Through NSE
- Visit the official NSE IPO bid verification facility.
- Select the relevant IPO.
- Enter the required application details.
- Complete the required verification.
- Submit the information to check the application status.
The Gaja Alternative Asset Management IPO allotment is scheduled for 24 August 2026, with refunds and demat credit scheduled for 25 August 2026.
Gaja Alternative Asset Management IPO Conclusion
Gaja Alternative Asset Management IPO provides investors with an opportunity to participate in an established alternative asset management business operating under the Gaja Capital brand.
The company has more than two decades of experience in alternative investments and has developed relationships with institutional and sophisticated investors across domestic and international markets.
Its business model combines management fees, carried interest and income from sponsor commitments and investments in funds. The company has demonstrated strong financial growth, with total income increasing from ₹103.96 crore in FY2024 to ₹157.80 crore in FY2026 and PAT increasing from ₹44.74 crore to ₹81.96 crore.
The company also reported a strong FY2026 PAT margin of 51.94%, ROE of 16.47% and a low debt-to-equity ratio of 0.07.
The IPO proceeds are primarily intended to support sponsor commitments to existing and new funds and repay a bridge loan. This aligns the issue proceeds with the company’s strategy of expanding its alternative asset management platform.
However, investors should carefully consider the performance-linked nature of the business. Carried interest and investment-related income can be volatile and depend on successful investment exits. Fundraising conditions, regulatory changes, competition and the retention of key investment professionals are additional risks.
The Gaja Alternative Asset Management IPO Subscription Status showed strong investor participation, with the issue subscribed 31.33 times overall. QIBs subscribed 43.58 times, NIIs 62.35 times and retail investors 11.04 times.
The Gaja Alternative Asset Management IPO GMP also indicated positive unofficial market sentiment before listing, although GMP should not be considered a guarantee of listing performance.
Investors should evaluate the company’s valuation, earnings quality, fund performance, fundraising capability, carried-interest dependence and long-term growth prospects before making an investment decision.
Gaja Alternative Asset Management IPO FAQs
What is Gaja Alternative Asset Management IPO?
Gaja Alternative Asset Management IPO was the Mainboard public issue of Gaja Alternative Asset Management Limited, an independent India-focused alternative asset management company operating under the Gaja Capital brand.
What was the Gaja Alternative Asset Management IPO Price?
The Gaja Alternative Asset Management IPO Price band was ₹152 to ₹160 per equity share.
The Gaja Alternative Asset Management IPO Price band was ₹152 to ₹160 per equity share.
The total Gaja Alternative Asset Management IPO issue size was ₹550 crore, comprising a fresh issue of ₹450 crore and an Offer for Sale of ₹100 crore.
What was the Gaja Alternative Asset Management IPO Lot Size?
The Gaja Alternative Asset Management IPO Lot Size was 93 equity shares. At the upper price band of ₹160, the minimum retail investment was ₹14,880.
When did the Gaja Alternative Asset Management IPO open and close?
The IPO opened for subscription on 19 August 2026 and closed on 21 August 2026.
What is the Gaja Alternative Asset Management IPO GMP?
The reported Gaja Alternative Asset Management IPO GMP was around ₹17 on 23 August 2026. GMP is unofficial and can change before listing, so it should not be considered a guaranteed listing gain.
What was the Gaja Alternative Asset Management IPO Subscription Status?
The Gaja Alternative Asset Management IPO Subscription Status showed an overall subscription of 31.33 times. QIBs subscribed 43.58 times, NIIs 62.35 times and retail investors 11.04 times.
When is the Gaja Alternative Asset Management IPO Allotment?
The Gaja Alternative Asset Management IPO Allotment is scheduled for 24 August 2026. Refunds and demat credit are scheduled for 25 August 2026.
Who is the registrar for Gaja Alternative Asset Management IPO?
MUFG Intime India Private Limited is the registrar to the Gaja Alternative Asset Management IPO.
What does Gaja Alternative Asset Management Limited do?
Gaja Alternative Asset Management Limited is an alternative asset management company that manages and advises India-focused funds, including Category I and Category II Alternative Investment Funds, and advises offshore funds investing in Indian companies.
