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Gaja Alternative Asset Management Ltd

IPO Details · GMP · Subscription · Financials

✅ Listed NSE & BSE Mainboard Live Chart
Issue Price
₹160
Per Share
GMP
+₹18
+11.25% Grey Market
Est. Listing
₹178
Expected Price
Min. Application
₹29,760
2 lots × 93 shares
IPO Issue Details
Issue Price / Price Band₹160 per share (Fixed Price)
Face Value₹5 Per Share
Lot Size93 Shares per Lot
Total Issue Size3,43,75,000 shares (agg. up to ₹550 Cr)
Issue TypeBookbuilding IPO
Sale Type / CategoryFresh capital cum OFS
Exchange / PlatformNSE & BSE
IPO TypeMainboard
Subscription OpenWed, 19 Aug 2026
Subscription CloseFri, 21 Aug 2026
Anchor AllotmentTue, 18 Aug 2026
Basis of AllotmentMon, 24 Aug 2026
Initiation of RefundsTue, 25 Aug 2026
Credit of Shares to DematTue, 25 Aug 2026
Listing DateWed, 26 Aug 2026
UPI Mandate Deadline5:00 PM on 21 Aug 2026 (Day 3)
Application & Investment Details
Retail — Min (1 Lots)14,880 — 93 shares
Retail — Max (13 Lots)₹193,440 (13 Lots)
HNI — Min (3 Lots)₹44,640 — 279 shares
EPS (Pre-IPO)₹7.26
EPS (Post-IPO)₹5.81
P/E Ratio (Pre-IPO)22.04x
P/E Ratio (Post-IPO)27.54x
Pre-IPO Promoter Holding11,28,85,230 shares
Post-IPO Promoter Holding14,10,10,230 shares
Fresh Issue Shares2,81,25,000 shares (agg. up to ₹450 Cr)
Offer for Sale Shares62,50,000 shares of ₹5 (agg. up to ₹100 Cr)
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

Gaja Alternative Asset Management Ltd proposes to utilise the net proceeds from the Issue for the following objects:

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
372.00
2
General Corporate Purposes
Shareholding & Lock-in
Pre-IPO Promoter Holding 11,28,85,230 shares
Post-IPO Promoter Holding 14,10,10,230 shares
Lock-in Period (30%)Wed, Sep 23, 2026
Lock-in Period (50%)Sun, Nov 22, 2026
Check AllotmentCheck Status →
Gaja Alternative Asset Management Ltd — Live Price LIVE
₹160.00
INR · BSE
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Issue ₹160.00 GMP: +₹18 (+11.25%) Live Price
Quick Facts
GMP Signal🟢 Positive
StatusListed
Issue Price₹160
GMP+₹18
Est. Listing₹178
Lot Size93 shares
Min Amount₹29,760
Listing Date26 Aug 2026
Disclaimer: GMP is unofficial and unregulated. It does not guarantee actual listing price.
Listing Performance
Issue Price₹160
Listing Date26 Aug 2026
Listing Price
Listing Gain/Loss—%
52-Week High
52-Week Low
Issue Structure & Reservation
Category Shares Offered % Issue Amount (₹ Cr)* Subscription
QIB (Ex Anchor) 17,187,500 ₹275.00 Cr 18.93x
NII / HNI 5,156,250 ₹82.50 Cr 65.63x
Retail (RII) 12,031,250 ₹192.50 Cr 11.40x
TOTAL 34,375,000 100.00% ₹550.00 Cr 23.30x
* Based on ₹160.00 (upper price band)
Day-wise Subscription
QIB
18.93x
NII / HNI
65.63x
Retail
11.40x
Total
23.30x
Subscribed
Lot Size & Investment Details
Lot Size
93
Shares
Issue Price
₹160.00
Per Share
Min Investment
₹14,880
1 Lot
Category Lots Shares Amount (₹)
Retail (Min) 1 93 ₹14,880
Retail (Max) 13 1,209 ₹193,440
sNII (Min) 14 1,302 ₹208,320
bNII (Min) 68 6,324 ₹1,011,840
Company Financials — Restated Consolidated (Amount in ₹ Crore)
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
Total Borrowings 41.56 4.00 3.51
Key Ratios & Valuation
Issue Price ₹160
Face Value ₹5 Per Share
P/BV 2.98
RoE 16.47
RoCE N/A
RoNW 13.13
PAT Margin (%) 51.94
EBITDA Margin (%) N/A
Debt / Equity 0.07
Company Details
Company
Gaja Alternative Asset Management Ltd
Exchange
NSE & BSE
IPO Type
Mainboard IPO
Issue Type
Bookbuilding IPO
Face Value
₹5 Per Share
Script Code
N/A
Address
302, 3rd Floor, Kanchenjunga Building, 18, Barakhamba Road, Connaught Place, Central Delhi, New Delhi, New Delhi, 110001
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