Now Reading: Gaja IPO opens Aug 19, price band Rs 152-160
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Gaja IPO opens Aug 19, price band Rs 152-160
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…
The Story in Brief
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.
The Indian Opinion
The hype around Gaja’s IPO often overlooks that the firm cut its issue size from ₹656 crore to ₹550 crore. Some call this caution; others see it as a sign of weak demand. What matters is the actual subscription numbers, especially the retail portion. A full take-up would signal genuine interest in alternative asset managers on Indian bourses. Watch the QIB bidding on August 18 for the first real clue.
Sources (2): businesstoday.in, thehindubusinessline.com
This story was synthesised by AI from the 2 sources linked above.
Updated: this story now draws on 2 sources.
