Now Reading: Gaja Alternative IPO lists today with 11.88% expected premium
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Gaja Alternative IPO lists today with 11.88% expected premium
Gaja Alternative Asset Management Ltd shares will list today at 10:00 IST on the BSE and NSE, with an estimated opening price of Rs 179, an 11.88% premium over the IPO price…
Gaja Alternative Asset Management Ltd shares will list today at 10:00 IST on the BSE and NSE, with an estimated opening price of Rs 179, an 11.88% premium over the IPO price of Rs 160. The grey market premium (GMP) currently stands at Rs 19, signalling positive expectations for the debut.
The IPO allotment was finalised on Monday, August 24, and shares will trade under the B Group of Securities in a special pre-open session. Analyst Mahesh Ojha of Kantilal Chagganlal Securities cited first-mover advantage in India's alternative investment fund space, a scalable asset-light model, and robust revenue streams as key strengths.
Gaja Alternative reported a 28% rise in total income to Rs 157.8 crore and a 32.2% jump in profit after tax to Rs 82 crore for FY26, with EBITDA margins around 60%. Ojha expects the stock to list with 10-12% gains and recommends it for long-term investors.
Indian Opinion Analysis
The 11.88% listing premium expected for Gaja Alternative follows a broader trend of strong investor appetite for asset management IPOs in India, particularly those in the alternative investment fund (AIF) space, which SEBI has been regulating more closely since 2012. Gaja Capital’s structure, earning fees from management, carried interest, and sponsor commitments, differs from traditional mutual funds that rely solely on expense ratios. The grey market premium, though volatile over the past 13 sessions, signals demand from high-net-worth investors ahead of trading. For retail investors who secured allotment, the actual listing price will set the tone for near-term returns, while long-term gains depend on the company’s ability to grow its assets under management in a market where AIF penetration remains low relative to global peers. The BSE and NSE will open trading at 10:00 IST today.
Source: livemint.com
This brief was synthesised by AI from the source linked above.
