Now Reading: Gaja Capital’s ₹550 crore IPO to mark first listed PE firm
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Gaja Capital’s ₹550 crore IPO to mark first listed PE firm
Gaja Capital's ₹550 crore initial public offering, the first by an Indian private equity firm, opens for subscription on August 18 at a price band of ₹152-160 per share. The issue comprises…
The Story in Brief
Gaja Capital's ₹550 crore initial public offering, the first by an Indian private equity firm, opens for subscription on August 18 at a price band of ₹152-160 per share. The issue comprises a fresh issue of ₹450 crore and an offer-for-sale of ₹100 crore by promoters.
Proceeds will fund sponsor commitments to existing and new funds and repay a bridge loan. The company, an early investor in RBL Bank, Fractal Analytics and Eggoz, plans to list on the NSE and BSE on August 26. Its board includes former SEBI chairperson UK Sinha and former RBI board member Manish Sabharwal.
The Indian Opinion
The listing of a PE firm is novel, but retail investors should not mistake regulatory pedigree for guaranteed returns. Gaja Capital's track record with early-stage bets is solid, yet deploying ₹450 crore over three years carries execution risk. The real test will come when the lock-in period ends and the market sees how the funds actually perform against benchmarks.
Source: thehindu.com
This story was synthesised by AI from the source linked above.
