Gaja Asset Management IPO: ₹550 Cr Issue Opens Aug 19
By Business Desk
Gaja Alternative Asset Management Limited launches ₹550 crore IPO on August 19, 2026. Share price band set at ₹152-₹160. Details inside.
Gaja Alternative Asset Management Limited is launching its Initial Public Offer (IPO) of up to ₹550 crore, with subscriptions opening on Wednesday, August 19, 2026. The price band for equity shares is set between ₹152 and ₹160.
Key IPO Figures
- Total Offer Size: up to ₹550 crore
- Fresh Issue: ₹450 crore
- Offer for Sale: ₹100 crore
- Price Band: ₹152 to ₹160 per share
- Minimum Bid: 93 equity shares
The IPO’s bidding window will run from August 19 to Friday, August 21, 2026. Anchor investors will have their bidding period one day earlier, on Tuesday, August 18, 2026. Equity shares carry a face value of ₹5, with a floor price 30.40 times and cap price 32.00 times this value.
Offer Structure and Proceeds
The total offer size includes a fresh issue valued at ₹450 crore and an offer for sale totaling ₹100 crore. Proceeds from the fresh issue are earmarked for balance Sponsor Commitment to constituent funds of Fund IV, specifically Gaja Capital India Fund 2020 LLP and Gaja Capital India Fund 2021. Funds will also go towards the repayment of a Bridge Loan Amount, investments in proposed Fund V and the Secondaries Fund, and for general corporate purposes.
JM Financial Limited and IIFL Capital Services Limited are serving as the book running lead managers for the issue. The equity shares will be listed on both BSE Limited and the National Stock Exchange of India Limited, with NSE designated as the primary exchange.
Investor Allocation Breakdown
- Qualified Institutional Buyers (QIBs): Not more than 50% of the offer.
- Non-Institutional Bidders: Not less than 15%.
- Retail Individual Bidders: Not less than 35%.
- Anchor Investors: Up to 60% of the QIB portion, with 33.33% reserved for domestic Mutual Funds and 6.67% for Life Insurance Companies and Pension Funds.
All bidders, excluding Anchor Investors, are required to use the Application Supported by Blocked Amount (ASBA) process for their bids. This IPO is conducted via the Book Building Process, adhering to specific SEBI ICDR Regulations.