· Mainboard · NSE, BSE
Price Band
₹152–160
Lot Size
93 shares
Issue Size
₹550 Cr
Min. Investment
₹14,880
Indicative, updates through the day
Cap price plus current GMP: ₹160 — arithmetic, not a forecast
Subscription data will appear once bidding opens.
Gaja Alternative Asset Management IPO is a mainboard issue opening for subscription on 19 August 2026, listing on NSE, BSE. The issue is priced at ₹152–₹160 per share with a lot size of 93 shares, and its total size is ₹550 Cr. At the upper band the minimum retail application is one lot, about ₹14,880.
No meaningful grey market premium is being quoted for Gaja Alternative Asset Management right now. For a issue still to open, that is common until anchor demand and subscription build — a missing premium is not the same as a negative one, and for a large issue it says more about supply than about the company. More on what the number does and does not mean is in our guide to IPO GMP, or see today’s IPO GMP for every live issue.
The minimum investment is one lot of 93 shares (about ₹14,880 at the upper band), and a retail investor can apply for up to 13 lots before crossing the ₹2 lakh retail limit. Allotment is handled by MUFG Intime India Pvt. Ltd. (formerly Link Intime), with the basis of allotment expected on 24 August 2026 and listing on 26 August 2026. You can later checkallotment status on the registrar’s website using your PAN or application number; if you are not allotted, the funds blocked under ASBA are released rather than debited. The full process is in .
Figures update through the day and are drawn from exchange and registrar data. Nothing here is investment advice; grey market premium is an unofficial indicator and we are not SEBI-registered analysts.
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.
| 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 |
EPS (Pre IPO)
EPS (Post IPO)
ROE
15.31%
P/E (Pre IPO)
P/E (Post IPO)
Price / Book
Market Cap
-
| Company | P/E | ROE | Revenue |
|---|---|---|---|
| SBI Funds Management Ltd. | 38.12 | ₹9,795.32 Cr | |
| ICICI Prudential Asset Management Co.Ltd. | 40.37 | ₹10,602.65 Cr | |
| Canara Robeco Asset Management Co.Ltd. | 27.82 | ₹1,326.13 Cr |
Gaja Alternative Asset Management Ltd. Address
MUFG Intime India Pvt. Ltd. (formerly Link Intime)