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Gaja Alternative Asset Management Ltd

Gaja Alternative Asset Management Ltd

NSE & BSE · Mainboard IPO
Listed NSE & BSE Mainboard Live Chart
Issue Price
₹160
₹160
GMP (Grey Market)
+₹18
+11.25%
Est. Listing Price
₹178
Based on GMP
Min. Investment
₹14,880
1 lot × 93 shares
Subscribed
23.30x
Over-subscribed
IPO Details
Open Date
19 Aug 2026
Close Date
21 Aug 2026
Allotment
24 Aug 2026
Listing Date
26 Aug 2026
Exchange
NSE & BSE
Price Band
₹160
Listing Price
See chart
Allotment Status
Price Band
₹160
Per share
Face Value
₹5 per share
 
Lot Size
93 Shares
per lot
Issue Size
3,43,75,000 shares (agg. up to ₹550 Cr)
Total offering
Issue Type
Bookbuilding IPO
 
Min Investment
₹14,880
1 lot
Pre-IPO Holding
11,28,85,230 shares
Promoters
Post-IPO Holding
14,10,10,230 shares
Promoters
P/E (Pre)
22.04x
 
P/E (Post)
27.54x
 
EPS (Pre)
₹7.26
 
EPS (Post)
₹5.81
 
UPI Deadline
5:00 PM on 21 Aug 2026
Mandate
GMP
+₹18
+11.25% est.
Anchor AllotmentTue, 18 Aug 2026
Basis of AllotmentMon, 24 Aug 2026
Refund InitiationTue, 25 Aug 2026
Demat CreditTue, 25 Aug 2026
Listing DayWed, 26 Aug 2026
UPI Mandate Deadline5:00 PM on 21 Aug 2026
Sale TypeFresh capital cum OFS
Fresh Issue Shares2,81,25,000 shares (agg. up to ₹450 Cr)
Offer for Sale62,50,000 shares of ₹5 (agg. up to ₹100 Cr)
QIB Quota50% of Net Issue
HNI / NII Quota15% of Net Issue
Retail Quota35% of Net Issue
Check AllotmentClick here →
Subscription Rate Final
Gaja Alternative Asset Management Ltd IPO subscribed 23.30 times overall. Retail: 11.40x. QIB: 18.93x. NII: 65.63x. By 21 Aug 2026.
QIB
18.93x
Over
NII/HNI
65.63x
Over
Retail
11.40x
Over
Total
23.30x
Over
Category Subscription Shares Offered % of Total Amount (₹Cr)
QIB
Over 18.93x
17,187,500
— ₹275.00
NII / HNI
Over 65.63x
5,156,250
— ₹82.50
Retail
Over 11.40x
12,031,250
— ₹192.50
Total 23.30x
34,375,000
100% ₹550.00
IPO Shares Offered
Gaja Alternative Asset Management Ltd IPO total issue size: ₹550.00 Cr. Retail: ₹192.50 Cr. QIB: ₹275.00 Cr. NII: ₹82.50 Cr.
CategoryShares OfferedAmount (₹Cr)Size (%)
QIB 17,187,500 ₹275.00
50.00%
NII 5,156,250 ₹82.50
15.00%
Retail 12,031,250 ₹192.50
35.00%
Total 34,375,000 ₹550.00
100.00%
* Based on upper price band ₹160 per share
Basis of Allotment
QIB NII Retail Total
Ex. Anchor Anchor Total QIB Below ₹10L Above ₹10L Total NII
Allocation (shares) — — — — — 5,156,250 12,031,250 17,187,500
Allotment price (₹) 160 160 160 160 160 160 160 160
No. of applications — — — — — — — —
No. of shares applied — — — — — — — —
Amount collected (₹Cr) — — — — — — ₹192.50 ₹192.50
Times subscribed 18.93x — — — — 65.63x 11.40x 23.30x
Shares allotted — — — — — 5,156,250 12,031,250 17,187,500
No. of allottees — — — — — — — —
* Upper price band ₹160 · ** Anchor allotment excluded from public shares
Lot Size & Investment
Lot Size
93
Shares per Lot
Issue Price
₹160.00
Upper Band
Min Investment
₹14,880
1 Lot
ApplicationLotsSharesAmount
Retail (Min — 2 Lots)2186₹29,760
Retail (Max — 13 Lots)131,209₹193,440
S-HNI (Min — 14 Lots)141,302₹208,320
B-HNI (Min — 68 Lots)686,324₹1,011,840
* Issue Price ₹160 × Lot Size 93 shares
IPO Schedule
Anchor
18 Aug 2026
✓ Done
IPO Open
19 Aug 2026
✓ Done
IPO Close
21 Aug 2026
✓ Done
Allotment
24 Aug 2026
✓ Done
Refunds
25 Aug 2026
✓ Done
Demat Credit
25 Aug 2026
✓ Done
Listing Day
26 Aug 2026
✓ Done
Gaja Alternative Asset Management Ltd — Live Price LIVE
₹160.00
INR · BSE
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Issue ₹160.00 GMP: +₹18 Live Price
About Gaja Alternative Asset Management Ltd
Incorporated in April 1999, Gaja Alternative Asset Management Limited is an independent, home-grown alternative asset management company with over two decades of experience in managing and advising India-focused funds, including Category I and Category II AIFs, as well as offshore funds investing in India. The Company focuses on alternative investments across sectors such as education, energy and environment, financial services, consumer and digital technology, with a differentiated investment approach focused on the mid-market segment.Gaja Alternative Asset Management has built a strong track record through multiple fund cycles, with the Gaja Capital Funds comprising Fund II, Fund III and Fund IV, supported by long-standing relationships with investors across more than 20 countries. The Company had committed approximately ₹274 crore as Sponsor Commitment, representing 6.41% of the total size of the Gaja Capital Funds as of March 31, 2026.The Company generates income through management fees, carried interest and gains from sponsor commitments, with a focus on capturing the economic value generated by the funds managed and advised by it. Gaja Capital follows an invest-and-collaborate approach, working closely with portfolio companies across areas such as product, sales, human resources and financial management. As of March 31, 2026, the Company had 37 personnel, including 23 permanent and 14 contractual employees.StrengthsWell-established alternative asset management company with over 20 years of experience.Proven track record of consistent performance across Gaja Capital Funds.Focus on the high-growth alternative asset management industry in India.Differentiated invest-and-collaborate approach focused on value creation.Strong alignment of interests with investors through significant Sponsor Commitment.Experienced promoters and management team with deep industry expertise.Long-standing relationships with a diverse global investor base.Robust financial growth and strong balance sheet.
Objects of the Issue
1
Investing towards Sponsor Commitments to certain existing funds, new funds and for repayment of the Bridge Loan Amount as follows: (a) investing towards balance Sponsor Commitment to the following constituent funds of Fund IV and Bridge Loan Amount (i) Gaja Capital India Fund 2020 LLP; (ii) Gaja Capital India Fund 2020 (iii) Bridge Loan Amount (b) investing towards Sponsor Commitment to the proposed Fund V (c) investing towards Sponsor Commitment to the Secondaries Fund
2
General Corporate Purposes
Gaja Alternative Asset Management Ltd Financials (Amount in ₹ Crore)
Revenue from Operations
₹104.0
31 Mar 2024
₹123.3
31 Mar 2025
₹157.8
31 Mar 2026
Profit After Tax (PAT)
₹44.7
31 Mar 2024
₹62.0
31 Mar 2025
₹82.0
31 Mar 2026
Particulars31 Mar 202631 Mar 202531 Mar 2024
Revenue from Operations 157.80 123.31 103.96
EBITDA N/A N/A N/A
Profit After Tax (PAT) 81.96 61.95 44.74
Net Worth 606.52 388.97 331.88
Total Assets 706.49 451.87 388.60
Reserves & Surplus 525.33 381.75 325.79
Borrowings 41.56 4.00 3.51
EBITDA Margin (%) N/A — —
PAT Margin (%) 51.94 — —
P/BV Ratio
2.98
RoE
16.47
RoNW
13.13
PAT Margin
51.94
Debt/Equity
0.07
Issue Structure & Shareholding
Total Shares Offered3,43,75,000
Net Offer to PublicN/A
Reserved for Market MakerN/A
Pre-Issue Promoter Holding11,28,85,230 shares
Post-Issue Promoter Holding14,10,10,230 shares
P/BV Ratio2.98
RoE16.47
RoCEN/A
Debt / Equity0.07
Script CodeN/A
Registrar & Lead Managers
Book Running Lead Managers
JM Financial Ltd
IIFL Capital Services Ltd
GMP Disclaimer: Grey Market Premium data is unofficial and unregulated. It does not guarantee actual listing price.
IPO Subscription FAQs
How much Gaja Alternative Asset Management Ltd IPO subscribed? ▲

Gaja Alternative Asset Management Ltd IPO is subscribed 23.30 times by Aug 21, 2026. Retail: 11.40x. QIB: 18.93x. NII: 65.63x.

Investor CategorySubscription
Qualified Institutional (QIB)18.93x
Non Institutional (NII/HNI)65.63x
Retail Individual11.40x
Total Subscription23.30x
What is Gaja Alternative Asset Management Ltd IPO retail subscription status? ▼

The Gaja Alternative Asset Management Ltd IPO retail category is subscribed 11.40 times as of 21 Aug 2026. The retail portion is oversubscribed.

How to subscribe Gaja Alternative Asset Management Ltd IPO? ▼

Subscribe via your broker app using ASBA or UPI. Opens 19 Aug 2026 and closes 21 Aug 2026. Min investment: ₹14,880 (1 lot = 93 shares). UPI mandate: 5:00 PM on 21 Aug 2026.

How many times Gaja Alternative Asset Management Ltd IPO subscribed? ▼

The Gaja Alternative Asset Management Ltd IPO subscribed 23.30x overall. QIB: 18.93x, NII: 65.63x, Retail: 11.40x. Applications: from NSE/BSE.

How to check Gaja Alternative Asset Management Ltd IPO allotment? ▼

Check allotment on the registrar website (MUFG Intime India Pvt.Ltd) at https://in.mpms.mufg.com/Initial_Offer/public-issues.html. Enter your PAN, application number or DP/Client ID. Allotment date: 24 Aug 2026. Refunds: on 25 Aug 2026.

When Gaja Alternative Asset Management Ltd IPO will be listed? ▼

The Gaja Alternative Asset Management Ltd IPO listing date is 26 Aug 2026, Wednesday. Listed on: NSE & BSE. Issue price: ₹160. Estimated listing: ₹178. GMP: +₹18.

When Gaja Alternative Asset Management Ltd IPO close? ▼

The Gaja Alternative Asset Management Ltd IPO closes on 21 Aug 2026, Friday. UPI mandate: 5:00 PM on 21 Aug 2026. Allotment: 24 Aug 2026. Listing: 26 Aug 2026.