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.