Now Reading: Gaja Alternative Asset Management IPO opens at Rs 550 crore
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Gaja Alternative Asset Management IPO opens at Rs 550 crore
The initial public offering of Gaja Alternative Asset Management, which operates under the Gaja Capital brand, opened on Wednesday, August 19, 2026, and will close on August 21. The Rs 550 crore IPO includes a fresh issue of Rs 450 crore and an offer for sale of Rs 100 crore. The price band is set at Rs 152 to Rs 160 per share.
According to livemint.com, the grey market premium (GMP) stood at Rs 30, indicating a listing gain of about 18.75% at the upper price band. NDTV Profit reported the GMP surged from Rs 7 to Rs 30 ahead of the launch. The allotment is expected to be finalised on August 24, with listing on BSE and NSE scheduled for August 26.
The company plans to use Rs 372 crore from the fresh issue towards sponsor commitments to existing and proposed funds and to repay a bridge loan. SBICAP Securities and Swastika Investmart have recommended a subscribe rating for the long term, while Anand Rathi Research assigned a "Subscribe, Long Term" rating, as reported by The Economic Times. The company earned a net profit of Rs 81.96 crore in FY26, up 32% from the previous year.
Indian Opinion Analysis
All three sources provided straight news reporting on the Gaja Alternative Asset Management IPO, with no discernible pro-government, critical, or ideological slant. The coverage focused on financial details, grey market premium, and broker recommendations. NDTV Profit offered the most concise version, while The Economic Times and livemint included broader context and expert views. The uniform neutrality means a careful reader can rely on the figures: the IPO size, price band, and key dates are consistent across outlets. The GMP range of Rs 30 (livemint) to a surge from Rs 7 to Rs 30 (NDTV Profit) suggests positive but not exuberant market sentiment. Investors should watch subscription numbers as the issue progresses, since the day 2 subscription was reported at 0.9x, indicating cautious retail interest so far.
Coverage: 4 sources, 4 neutral
Sources (4): economictimes.indiatimes.com (neutral report), livemint.com (neutral report), ndtvprofit.com (neutral report), ndtvprofit.com (2) (neutral report)
This story was synthesised by AI from the 4 sources linked above. Methodology and corrections.
Updated: this story now draws on 4 sources.
