Gaja Alternative Asset Management
UPCOMINGIPO Date: 19 Aug - 21 Aug 2026
Listing Date: 26 Aug 2026
Price Range
Rs.152 - Rs.160
Issue Size
550 Cr
Min Investment
₹14,136
Lot Size
93 Shares
Schedule of Gaja Alternative Asset Management
Issue open date
19 Aug 2026
Issue close date
21 Aug 2026
UPI mandate deadline
21 Aug 2026 (5 PM)
Allotment finalization
24 Aug 2026
Share credit
25 Aug 2026
Listing date
26 Aug 2026
Mandate end date
5 Sept 2026
Issue size
| Funds Raised in the IPO | Amount |
|---|---|
| Overall | 550 Cr |
| Fresh Issue | 450 Cr |
| Offer for Sale | 100 Cr |
Allotment DetailsNew
| Allotment Timeline | Details |
|---|---|
| Allotment Date | 24 Aug 2026 |
| Allotment Link | {Link} |
Grey Market PremiumNew
Grey Market Premium (GMP) is the premium at which the shares are traded in the grey market. It gives a fair idea about the listing price of the IPO shares. The GMP can be positive or negative based on the demand and supply of the shares in the grey market.
| Date | Ipo Price | GMP | Estimated Listing Price |
|---|---|---|---|
| 17 Aug 2026 | ₹160 | ₹9 | ₹169 (5.69%) |
| 16 Aug 2026 | ₹160 | ₹0 | ₹160 (0%) |
| 15 Aug 2026 | ₹160 | ₹0 | ₹160 (0%) |
| 14 Aug 2026 | ₹160 | ₹0 | ₹160 (0%) |
| 13 Aug 2026 | ₹160 | ₹0 | ₹160 (0%) |
Performance Gaja Alternative Asset Management
| Issue Price | Listing Gain | Current Market Price | P/L |
|---|---|---|---|
| Rs.152 - Rs.160 | .... | .... | .... |
About Gaja Alternative Asset Management
Gaja Alternative Asset Management Limited is an alternative asset management company that acts as an investment manager to India-focused funds, including Category I and Category II Alternative Investment Funds (AIFs), and as an advisor to offshore funds that provide capital to companies in India. The company provides fund management and advisory services and earns income through management fees, carried interest, and income from sponsor commitments. Its investment activities have focused on sectors including education, employment and employability (EEE), financial services, consumer and digital technology. The company follows an investment approach focused on the mid-market segment and considers areas such as product, sales, human resources, and financial management of portfolio companies. It has managed and advised multiple funds, including Fund II, Fund III, and Fund IV. The company was incorporated in 1999 as View Advisors Private Limited and subsequently rebranded as Gaja Capital. As of March 31, 2026, it had committed approximately Rs 274 crore as a sponsor commitment to the Gaja Capital Funds.
| Founded in | 1999 |
| Managing director | Mr Gopal Jain |
| Parent organization |
Financial Overview
Strengths
- Well-established alternative asset management platform with a unique and differentiated business model.
- Proven track record of delivering consistent performance and returns across various Gaja Capital Funds.
- Favorable exposure to the high-growth alternative asset management industry in India with significant scalability.
- The invest-and-collaborate approach is strongly focused on operational value addition for portfolio companies.
- Alignment of interest with investors through high sponsor commitment, ensuring skin in the game.
Risks
- High revenue dependency on the underlying financial performance of the managed and advised funds.
- Historical returns generated by the firm’s prior funds may not be indicative of future fund performance.
- Receipt of carried interest payments from managed funds is inherently uncertain and highly volatile.
- Heavy reliance on management fees, which accounted for the vast majority of total revenue in recent fiscal years.
- Potential pricing volatility and lack of market liquidity, as this is the company’s first public issue.
Subscription Figures
| Category | Subscription (No. of times) |
|---|---|
| Qualified Institutional Buyers (QIBs) | N/A |
| Non-Institutional Investors (NIIs) | N/A |
| Retail Individual Investors (RIIs) | N/A |
| Employee | N/A |
| Total | N/A |