Gaja IPO: Potential 4.38% Listing Gain on August 26
By IPO Desk
Gaja Alternative Asset Management’s IPO opens Aug 19. Grey Market Premium suggests a 4.38% listing gain, with an estimated listing price of Rs 167.
Gaja Alternative Asset Management’s IPO is set to open on August 19, 2026, with its Grey Market Premium (GMP) hinting at a 4.38% listing gain. The unofficial GMP stood at Rs 7 on August 18, 2026, projecting an estimated listing price of Rs 167 per share.
IPO Snapshot
- Total IPO size: Rs 550 crore
- Fresh issue: Rs 450 crore for 2.81 crore shares
- Offer for sale: Rs 100 crore for 0.63 crore shares
- Price band: Rs 152-Rs 160 per share
- Retail investor lot size: 93 shares
- Minimum retail investment: Rs 14,880 at the upper price band
Key Dates for Gaja IPO
- Bidding window: August 19 to August 21
- Allotment finalization: August 24
- Refund initiation: August 25
- Shares credited to Demat accounts: August 25
- Listing date: August 26
The company plans to deploy the net proceeds from the IPO primarily towards sponsor commitments for existing and new funds. A significant portion, Rs 372 crore, is earmarked for repayment of a bridge loan, with the remainder for general corporate purposes.
FY26 Financials at a Glance
- Revenue increase: 28% compared to FY25
- Profit After Tax (PAT) increase: 32% compared to FY25
- Total income: Rs 157.80 crore
- PAT: Rs 81.96 crore
- EBITDA: Rs 72.05 crore
Incorporated in April 1999, Gaja Alternative Asset Management operates as an independent, India-focused alternative asset management firm. It specializes in alternative investments across sectors such as education, energy, financial services, consumer, and digital technology, with a focus on the mid-market segment.
It is worth noting that grey market premiums are unofficial and may not accurately reflect actual listing performance.