Now Reading: Gaja Alternative IPO lists today with 11.88% premium
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Gaja Alternative IPO lists today with 11.88% premium
Gaja Alternative Asset Management shares list on BSE and NSE today at 10:00 IST, with a grey market premium indicating an opening price of about Rs 179, an 11.88% gain over the IPO price of Rs 160. The IPO was oversubscribed 31 times and raised Rs 550 crore, Livemint reports.
The company reported FY26 total income of Rs 157.8 crore, up 28% year-on-year, and profit after tax of Rs 82 crore, up 32.2%. Mahesh M. Ojha of Kantilal Chagganlal Securities said the valuation at 27.5 times price-to-earnings is reasonable given strong growth and margins. The listing price will be set during a special pre-open session.
Indian Opinion Analysis
Both Livemint and NDTV Profit report the same facts: IPO listing date, GMP, oversubscription, and financials. NDTV Profit leads with the oversubscription figure and total raise, while Livemint front-loads the GMP and analyst quote, giving more weight to a single broker's bullish view. Neither outlet adopts a critical frame, the coverage is uniform straight reporting. The key number to watch is the actual listing price after the pre-open session, versus the GMP estimate.
The key number to watch is the actual listing price after the pre-open session, versus the GMP estimate.
Coverage: 2 sources, 2 neutral
Sources (2): livemint.com (neutral report), ndtvprofit.com (neutral report)
This brief was synthesised by AI from the 2 sources linked above, so one read covers every framing they carry. Methodology and corrections.
Updated: this story now draws on 2 sources.
