# Gaja IPO opens Aug 19, price band Rs 152-160

2026-08-13T05:56:43+00:00 | Business & Economy | Indian Opinion Desk

Corroboration: 2 independent outlets

Gaja Alternative Asset Management’s ₹550-crore IPO will open for subscription on August 19, with a price band of ₹152-160 per share. The public issue comprises a fresh issue of ₹450 crore and an offer for sale of ₹100 crore. Half the issue is reserved for qualified institutional buyers, 15% for non-institutional investors, and 35% for retail investors. The company plans to use the fresh proceeds for sponsor commitments, debt repayment, and seeding new funds. The home-grown asset manager, promoted by Gopal Jain, received Sebi approval in October 2025. Business Today reports that for the year ended March 2026, profit rose 33.8% to ₹79.6 crore and revenue grew 11% to ₹135.5 crore. The firm has invested in companies such as Teamlease, RBL Bank, and Xpressbees. Listing is expected on August 26 on BSE and NSE.

## Coverage

- businesstoday.in <https://www.businesstoday.in/markets/stocks/story/gaja-alternative-asset-management-ipo-opens-on-august-19-check-price-band-key-details-548911-2026-08-13?utm_source=rssfeed>
- thehindubusinessline.com <https://www.thehindubusinessline.com/markets/gaja-alternative-asset-managements-550-crore-ipo-to-open-on-aug-19-price-band-fixed-at-152-160/article71339544.ece>

Tags: alternative asset management, Gaja Capital, IPO, JM Financial, Sebi approval
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