Gaja Alternative Asset Management
· Mainboard · NSE, BSE
Price Band
₹152–160
Lot Size
93 shares
Issue Size
₹550 Cr
Min. Investment
₹14,880
Grey Market Premium
Last unofficial quote before listing
Cap price plus current GMP: ₹178.5 — arithmetic, not a forecast
Subscription Status
Gaja Alternative Asset ManagementIPO: Overview & Key Facts
Gaja Alternative Asset Management IPO is a Mainboard issue that listed on NSE, BSE on 26 August 2026. The price band is ₹152–₹160 per equity share, with a market lot of 93 shares. The total issue size is ₹550 Cr. At the upper price band, the minimum application for an individual investor is 1 lot (93 shares), amounting to ₹14,880.
Gaja Alternative Asset Management IPO GMP & Listing
The last grey market premium (GMP) reported for Gaja Alternative Asset Management IPO before listing was ₹18.5, about 11.56% over the upper price band of ₹160, and informal quotes had risen over the sessions we recorded. The shares opened at ₹185 on listing day, 15.6% above the issue price of ₹160. GMP is an unofficial, unregulated indicator quoted by off-market dealers; it moves with supply and demand and is not a guaranteed listing price. For how often it has been right, read our research on IPO GMP accuracy.
Gaja Alternative Asset ManagementIPO Subscription Status & Demand Analysis
On the latest figures we have, Gaja Alternative Asset Management IPO was subscribed 32.87x overall — with QIB at 45.87x, NII at 65.58x, bNII at 76.03x, sNII at 44.69x, Retail at 11.42x, from about 14,12,666 applications. Where the individual-investor category is oversubscribed, allotment in it is decided by a computerised lottery: as many applicants as possible receive the minimum application, chosen at random.
Gaja Alternative Asset Management IPO Allotment & Listing
The registrar for this issue is MUFG Intime India Pvt. Ltd. (formerly Link Intime); the basis of allotment was finalised on 24 August 2026 and the shares listed on 26 August 2026. You can check your allotment status on our IPO Allotment Checker using your PAN or application number.
Listing Performance
Issue Price
₹160
Listed At
₹185
Current Price
₹168.67
Issue Objectives
- 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
- General Corporate Purposes
- Issue Expenses
Reservation
| Category | Shares Offered | % |
|---|---|---|
| QIB | 1,71,87,500 | 50% |
| − Anchor Investor | 1,03,12,500 | 30% |
| − QIB (Ex. Anchor) | 68,75,000 | 20% |
| NII (HNI) | 51,56,250 | 15% |
| − bNII > ₹10L | 34,37,500 | 10% |
| − sNII < ₹10L | 17,18,750 | 5% |
| Retail | 1,20,31,250 | 35% |
- QIB30.3%
- − Anchor Investor18.2%
- − QIB (Ex. Anchor)12.1%
- NII (HNI)9.1%
- − bNII > ₹10L6.1%
- − sNII < ₹10L3.0%
- Retail21.2%
Market Lot Size
| 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 |
Financials (₹ Cr)
Valuations
EPS (Pre IPO)
7.26
EPS (Post IPO)
5.81
ROE
13.13%
P/E (Pre IPO)
22.04
P/E (Post IPO)
27.54
Market Cap
₹1,806.16 Cr.
Contact Details
Gaja Alternative Asset Management Ltd. Address
- 11000191368 8989
- compliance@gajacapital.com
- https://www.gajacapital.com/
Registrar Contact Details
MUFG Intime India Pvt. Ltd. (formerly Link Intime)
- +91 22 4918 6270
- ipo.helpdesk@linkintime.co.in
- https://linkintime.co.in
- C-101, 247 Park, LBS Marg, Vikhroli West, Mumbai – 400083
Frequently Asked Questions
Key Dates
- Open Date
- 19 Aug 2026
- Close Date
- 21 Aug 2026
- Basis of Allotment
- 24 Aug 2026
- Listing Date
- 26 Aug 2026
Issue Details
- Registrar
- MUFG Intime India
- Exchange
- NSE, BSE