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Gaja Alternative Asset Management Ltd IPO

Listed Mainboard BSE, NSE Bookbuilding IPO
Min Investment
₹14,880
93 shares · 1 lot

Gaja Alternative Asset Management Ltd IPO was priced at ₹152–₹160 per share with an issue size of ₹550 crore. The IPO opened on Aug 19, 2026 and closed on Aug 21, 2026, with a lot size of 93 shares and a minimum investment of ₹14,880.

Open
19 Aug
Close
21 Aug
Allotment
24 Aug
Refund
25 Aug
Listing
26 Aug

Market Sentiment

Grey Market Premium

Full history →
+₹16.00 +10.0%
Est. listing: ₹176
Updated 25 Aug 2026
GMP is an informal, unregulated grey-market figure. It is not a guaranteed listing price and can move sharply during the bidding window.

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IPO Details

Price Band ₹152.00 - ₹160.00 per share
Lot Size93 shares
Min Investment₹14,880
Total Issue Size ₹550.00 crore
Shares Offered3,43,75,000
Issue Structure Fresh Issue + Offer for Sale
Issue TypeBookbuilding IPO
Lead Manager(s)JM Financial Ltd., IIFL Capital Services Ltd.
RegistrarMUFG Intime India Pvt.Ltd.
Listing AtBSE, NSE

Quick Profit Calculator

Issue price ₹160 · lot size 93 shares · estimated listing price ₹176 (GMP +₹16)

Category Lots Shares Investment Value at listing Profit
Retail (Min) 1 93 ₹14,880 ₹16,368 +₹1,488
Retail (Max) 13 1,209 ₹1,93,440 ₹2,12,784 +₹19,344
S-HNI (Min) 14 1,302 ₹2,08,320 ₹2,29,152 +₹20,832
S-HNI (UPI limit) 33 3,069 ₹4,91,040 ₹5,40,144 +₹49,104
S-HNI (Max) 67 6,231 ₹9,96,960 ₹10,96,656 +₹99,696
B-HNI (Min) 68 6,324 ₹10,11,840 ₹11,13,024 +₹1,01,184
Estimated from the grey market premium, an informal and unregulated figure that moves sharply and frequently differs from the eventual listing price. Not a forecast. Assumes full allotment, which is rarely guaranteed when an issue is oversubscribed.

Financial Analysis

EPS
₹7.26
P/E (Post)
27.54 x
RoNW
13.13%
Net Worth
₹606.52 Cr
MetricLatest Reported
Total Income₹157.80 Cr
Profit After Tax₹81.96 Cr
Net Worth₹606.52 Cr

Promoters & Holding

Promoters: Gopal Jain, Ranjit Jayant Shah, Imran Jafar, Chitra Jain, Mona Ranjit Shah

Promoter Holding (Pre-Issue)71.03%
Promoter Holding (Post-Issue)54.23%

Strengths & Risks

Strengths

  • Well-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.

Risks & Concerns

  • Market risks associated with the alternative investment sector.
  • Dependence on the performance of the funds managed.
  • Regulatory risks affecting the asset management industry.
  • Competition from other asset management firms.
Summarised from the company's own DRHP/RHP disclosures. Informational only, not investment advice — always read the full prospectus before applying.

Company Information

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.

Founded1999
HeadquartersNew Delhi
IndustryAsset Management
Websitehttps://www.gajacapital.com/

Objects of the Issue

  • Investing towards Sponsor Commitments to certain existing funds, new funds and for repayment of the Bridge Loan Amount.
  • General Corporate Purposes

Registrar & Allotment

RegistrarMUFG Intime India Pvt.Ltd.
Phone022-49186000
Email[email protected]

Resources & Documents

Frequently Asked Questions

11 answers about Gaja Alternative Asset Management Ltd IPO — dates, pricing, allotment and listing.

Gaja Alternative Asset Management Ltd IPO is a bookbuilding ipo of ₹550 crore. The issue was priced at ₹152–₹160 per share, with a lot size of 93 shares. Bidding ran from Wed, 19 Aug 2026 to Fri, 21 Aug 2026, with shares listed on BSE and NSE.

The price band was ₹152–₹160 per share.

One lot was 93 shares. Bids had to be placed in multiples of 93.

A retail investor needed at least ₹14,880 – one lot of 93 shares at ₹160, the upper end of the price band.

Gaja Alternative Asset Management Ltd IPO opened on Wed, 19 Aug 2026 and closed on Fri, 21 Aug 2026.

Allotment was finalised on Mon, 24 Aug 2026.

Gaja Alternative Asset Management Ltd shares were listed on Wed, 26 Aug 2026 on BSE and NSE.

The company intended to use the net proceeds towards investing towards sponsor commitments to certain existing funds, new funds and for repayment of the bridge loan amount and general corporate purposes.

JM Financial Ltd. and IIFL Capital Services Ltd. are the book running lead managers. MUFG Intime India Pvt.Ltd is the registrar to the issue.

Category-wise demand from retail, NII and QIB bidders is on the Gaja Alternative Asset Management Ltd IPO subscription page, and on the BSE and NSE websites.

From Mon, 24 Aug 2026, check the Gaja Alternative Asset Management Ltd IPO allotment status using your PAN, application number or DP ID – also available on the registrar's website.