Gaja Alternative Asset Management IPO
Gaja Alternative Asset Management IPO
Overview
Gaja Alternative Asset Management IPO is a book build issue of ₹550.00 crores. The issue is a combination of fresh issue of 2.81 crore shares aggregating to ₹450.00 crores and offer for sale of 0.63 crore shares aggregating to ₹100.00 crores. Gaja Alternative Asset Management IPO opens for subscription on Aug 19, 2026 and closes on Aug 21, 2026. The allotment for the Gaja Alternative Asset Management IPO is expected to be finalized on Aug 24, 2026. Gaja Alternative Asset Management IPO will list on NSE and BSE with a tentative listing date fixed as Aug 26, 2026. Gaja Alternative Asset Management IPO is set issue price band at ₹152 to ₹160 per share. The lot size for an application is 93 shares. The minimum amount of investment required by an individual investor (retail) is ₹14,880 (93 shares) (based on upper price). JM Financial Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue.
Total Shares
3,43,75,000
Issue Size
₹550 Cr
Price Band
₹152 – ₹160
Lot Size
93 shares
Min. Investment
₹14,880
Max. Investment
₹1,93,440
Open Date
19 Aug, 2026
Close Date
21 Aug, 2026
Allotment
24 Aug, 2026
Listing
26 Aug, 2026
Max. Investment
₹1,93,440
Announced
19 Aug, 2026
Opening Date
19 Aug, 2026
Closing Date
21 Aug, 2026
Basis of Allotment
24 Aug, 2026
Initiation of Refunds
25 Aug, 2026
Credit of Shares
25 Aug, 2026
Listing Date
26 Aug, 2026
Live GMP
Est. Listing: ₹169
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About Gaja Alternative Asset Management IPO
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 investmen
Gaja Alternative Asset Management IPO Share Price
Issue Breakdown
Shareholding
Dilution: 24.9% increase in shares
Gaja Alternative Asset Management IPO Financial Health
Gaja Alternative Asset Management Ltd.'s revenue increased by 28% and profit after tax (PAT) rose by 32% between the financial year ending with March 31, 2026 and March 31, 2025.
Gaja Alternative Asset Management IPO Lot Size
Investors can bid for a minimum of 93 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 93 | ₹14,880 |
| Retail (Max) | 13 | 1209 | ₹1,93,440 |
| S-HNI (Min) | 14 | 1302 | ₹2,08,320 |
| S-HNI (Max) | 67 | 6231 | ₹9,96,960 |
| B-HNI (Min) | 68 | 6324 | ₹10,11,840 |
(All values in CR)
Gaja Alternative Asset Management IPO Valuations
| Metric | Value |
|---|---|
| ROE | 16.47 |
| Debt/Equity | 0.07 |
| RoNW | 13.13 |
| PAT Margin | 51.94 |
| NAV | 53.73 |
| Price to Book Value | 2.98 |
| - | - |
(All values in CR)
Gaja Alternative Asset Management IPO Strength & Risk
Gaja Alternative Asset Management IPO: Strength
- Established Alternative Asset Manager: Gaja has more than two decades of experience in managing and advising India-focused alternative investment funds.
- Strong Investment Track Record: The company has a proven track record across multiple Gaja Capital funds and investment cycles.
- Asset-Light Business Model: Its fee-based model generates management fees, carried interest and income from sponsor commitments, offering potential operating leverage.
- Experienced Management: Promoters and senior management have extensive experience in private equity and alternative investments.
Gaja Alternative Asset Management IPO: Risk
- Fund Performance Dependence: Revenue and profitability depend significantly on the performance of funds managed and advised by the company.
- Carried Interest Volatility: Carried interest can be unpredictable and may create significant fluctuations in income and cash flows.
- Fundraising Risk: Failure to raise sufficient capital from investors or delays in capital commitments could affect business growth and financial performance.
- Key Person Risk: The business relies heavily on experienced promoters and senior investment professionals, making talent retention important.
- Competitive Industry: Gaja faces competition from domestic and global alternative asset managers, private equity firms and other financial institutions.
Gaja Alternative Asset Management IPO GMP
Gaja Alternative Asset Management IPO last GMP is ₹9.1, last updated Aug 17th 2026 06:34 PM. With the upper price band of ₹160.00, Gaja Alternative Asset Management IPO's estimated listing price is ₹169.1 (cap price + today's GMP). The expected percentage gain/loss per share is 5.69%. >> Gaja Alternative Asset Management IPO Retail Subject to Sauda: ₹600 >> Gaja Alternative Asset Management IPO Small HNI Subject to Sauda: ₹8400 During this period, the GMP ranged from a low of ₹0.00 to a high of ₹9.10.
Last updated 17 Aug, 2026 · Source: aggregated grey-market dealers
| Date | IPO Price | GMP | Sub2 Sauda | Est. Listing | Est. Profit | Updated |
|---|---|---|---|---|---|---|
| 17 Aug, 2026 | 160 | ₹9.1▲ | - | ₹169.1 (5.69%) | 846 | 17 Aug, 2026 |
| 16 Aug, 2026 | 160 | ₹0 | - | ₹160 (0.00%) | - | 16 Aug, 2026 |
| 15 Aug, 2026 | 160 | ₹0 | - | ₹160 (0.00%) | - | 15 Aug, 2026 |
| 14 Aug, 2026 | 160 | ₹0 | - | ₹160 (0.00%) | - | 14 Aug, 2026 |
| 13 Aug, 2026 | 160 | ₹0 | - | ₹160 (0.00%) | - | 13 Aug, 2026 |
Disclaimer: GMP is an unofficial signal from grey-market dealers and is not regulated by SEBI. Use it alongside subscription data and other research for informed decision-making.
How to Apply for Gaja Alternative Asset Management IPO
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Find Gaja Alternative Asset Management IPO under the IPO section. Select it and enter your bid details — choose lot size and price (cut-off price recommended).
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Provide your UPI ID linked to your bank account and submit the application.
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Application Confirmed
Your funds will be blocked in your account until the IPO allotment process is completed.