Gaja Alternative Asset Management IPO

Gaja Alternative Asset Management Limited is a listed issue, offered in a price band of ₹160 to ₹160 per share, in lots of 93 shares. Every figure below is taken from the issue's own filings and exchange disclosures.

Issue details

Price band

₹160 – ₹160

Lot size

93 shares

Minimum investment

₹14,880

Issue size

₹550 Cr

Fresh issue

₹450 Cr

Offer for sale

₹100 Cr

Opens

19 Aug 2026

Closes

21 Aug 2026

Listing date

26 Aug 2026

Registrar

MUFG Intime India Private Limited

Symbol

GAJA

One lot of 93 shares at the upper band price of ₹160 is ₹14,880 — the smallest retail application this issue accepts.

Lead managers: JM Financial Limited, IIFL Capital Services Limited.

Subscription status

How many times the issue has been applied for, by investor category, as reported by the exchange at 21 Aug 2026, 07:05 pm IST.

Grey market premium (GMP)

Latest reported GMP

₹18

Implied over upper band

11.20%

As of

26 Aug 2026, 07:05 pm IST

How the reported premium has moved. The trend matters more than any single reading — a premium that is drifting down into the close is a different signal from one holding firm.

Grey Market Premium is an unofficial, unregulated over-the-counter datapoint reported by third parties. It is not a price, a forecast, or an indication of listing gains, and is not investment advice.

Reported financials

As disclosed in the offer document. Figures in ₹ crore unless the filing states otherwise.

Strengths disclosed in the offer document

• The company has a well-established alternative asset management (AMC) business with 20 years of experience.
• The company has a differentiated business model focused on driving enterprise value through active engagement with portfolio companies.
• The company has a proven track record of delivering consistent performance across its Gaja Capital Funds.
• The company has a strong balance sheet with low leverage levels and significant internal accruals.
• The company has access to a diversified global investor base, which aids in raising capital and sourcing investment opportunities.
• The company has a team of experienced professionals with domain knowledge in alternative asset management and private equity.
• The company has a calibrated growth in its employee base and management of expenses, resulting in operating efficiency.

Risk factors disclosed in the offer document

• The company's total income is dependent on the performance of the funds managed and advised by it.
• The timing and receipt of Carried Interest from the funds managed and advised by the company are unpredictable and will contribute to the volatility of its cash flows.
• Valuation methodologies for certain assets of the funds managed and advised by the company can be susceptible to significant subjectivity.
• The company's inability to raise sufficient capital from Limited Partners or their inability to honor capital calls could adversely affect its results of operations, financial condition and cash flows.
• The company, along with the funds managed and advised by it, is subject to securities regulation and any failure to comply with these regulations could subject it to penalties or sanctions.
• The company is subject to risks inherent to operations in foreign jurisdictions through its subsidiaries in Cayman Islands and Mauritius.
• The company may be unable to manage its growth or to successfully implement its business strategies.

These are the company's own disclosures, not Alphave's assessment. Read the offer document →

What this page will not tell you

Whether to apply

Alphave is NISM-certified, not a SEBI-registered research analyst. There is no rating, verdict or recommendation on this issue anywhere on this page.

What it will list at

Nobody knows, and GMP is not a forecast of it. It is an unofficial over-the-counter quote reported by third parties, shown here with its source time so you can judge how stale it is.

Your allotment

Allotment is decided by the registrar (MUFG Intime India Private Limited) after the issue closes. Track the whole calendar in the IPO Centre.

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