Now Reading: Gaja Capital IPO opens on Aug 19 with Rs 656 crore issue
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Gaja Capital IPO opens on Aug 19 with Rs 656 crore issue
Gaja Alternative Asset Management's IPO will open on August 19 with a total issue size of Rs 656.2 crore. The price band will be announced shortly. The company trimmed both its fresh…
The Story in Brief
Gaja Alternative Asset Management's IPO will open on August 19 with a total issue size of Rs 656.2 crore. The price band will be announced shortly. The company trimmed both its fresh issue and offer for sale from the Rs 656.2 crore figure disclosed in December 2025.
Of the issue, 50% is reserved for qualified institutional buyers, 15% for non-institutional investors and 35% for retail. Gaja Capital plans to use Rs 372 crore from the fresh issue for sponsor commitments to existing and new funds and for loan repayment. For the year ended March 2026, profit rose 33.8% to Rs 79.6 crore on revenue of Rs 135.5 crore. Share allotment is expected by August 24, with listing likely on August 26.
The Indian Opinion
Some are calling this a vote of confidence in India's private equity story after a string of mid-sized IPOs. But Gaja Capital's 71% promoter holding and the trimmed issue size, down from earlier plans, show caution even as profits surge. The real test comes after listing: can an asset manager with a 20-year track record sustain a 34% profit jump in a tightening liquidity cycle? Watch the retail subscription on Day Three.
Source: businesstoday.in
This story was synthesised by AI from the source linked above.
