Gaja Alternative Asset Management Limited
ListedAsset Management · Mainboard IPO · INE18UN01038
Price band
₹152 – ₹160
Lot size
93 shares
Min. investment
₹14,880
Issue size
₹550 Cr
Face value
₹5
Registrar
MUFG Intime India Pvt.Ltd.
Issue timeline
Bidding opens
19 Aug 2026
Bidding closes
21 Aug 2026
Allotment
24 Aug 2026
Listing
26 Aug 2026
Final subscription
32.98x
overall
14,35,900
applications
₹12,697 Cr
bid value
| Category | Sub. (x) | Offered | Bid for | ₹ Cr* |
|---|---|---|---|---|
| Qualified Institutional (QIB) | 45.87x | 68,75,000 | 31,53,82,716 | 5,046 |
| Non-Institutional >₹10L (bNII) | 76.03x | 34,37,500 | 26,13,36,138 | 4,181 |
| Non-Institutional ₹2–10L (sNII) | 44.85x | 17,18,750 | 7,70,79,237 | 1,233 |
| Retail (RII) | 11.61x | 1,20,31,250 | 13,97,32,965 | 2,236 |
| Total | 32.98x | 2,40,62,500 | 79,35,31,056 | 12,697 |
Combined NSE + BSE subscription, sourced from the exchanges and updated periodically. * bid value approx (shares bid × cut-off price). Final subscription confirmed after the issue closes.
About the company
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.
Issue details
Issue size
₹550 Cr
Fresh issue
₹450 Cr
Offer for sale
₹100 Cr
Industry
Asset Management
Promoter holding (pre)
71.03%
Promoter holding (post)
54.23%
Financials (₹ Cr)
| Metric | FY 2024 | FY 2025 | FY 2026 |
|---|---|---|---|
| Total income | 103.96 | 123.31 | 157.8 Cr |
| EBITDA | 49.25 | 60.81 | 72.05 |
| Profit after tax | 44.74 | 61.95 | 81.96 Cr |
| Net worth | 331.88 | 388.97 | 606.52 Cr |
| Total assets | 388.60 | 451.87 | 706.49 |
| Total borrowing | 3.51 | 4.00 | 41.56 |
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
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
- 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.
Documents
Calculate your bid
At cut-off price ₹160
Lots
1
- Shares
- 93
- Amount
- ₹14,880
UPI mandate — funds are blocked, not debited.
- SEBI-registered broker — NSE member 90113
- Funds stay blocked in your own bank — debited only on allotment
- Apply for your whole family from one login