Gaja Alternative Asset Management IPO: Rs 579 Crore Issue Opens Aug 19

Gaja Alternative Asset Management is launching an initial public offering (IPO) targeting up to Rs 579 crore, with the subscription window set for August 19-21, 2026. This 100% book-building issue involves 3,61,84,210 shares.

The IPO details reveal specific allocations and pricing:

• Total shares offered: 3,61,84,210
• Face value per share: Rs 5
• Price band: Rs 152 – 160 per equity share
• Lower side pricing: 30.40 times face value
• Higher side pricing: 32.00 times face value

Investor Allocation Breakdown

The issue outlines a clear distribution strategy for different investor categories.

• Qualified Institutional Buyers (QIBs): Not more than 50% (including 5% for mutual funds)
• Non-institutional bidders: Not less than 15%
• Retail investors: Remaining 35%

About Gaja Alternative Asset Management

Gaja Alternative Asset Management operates as an independent, home-grown alternative asset management company. It functions as an investment manager for India-focused funds, including Category II and Category I Alternative Investment Funds (AIFs).

The company also advises offshore funds that provide capital to Indian companies. Its leadership team predominantly holds ownership, with promoters and senior management being Indian citizens who developed their careers in India.

Their investment portfolio spans sectors like EEE, financial services, consumer, and digital technology. Gaja employs a differentiated alpha-oriented strategy, focusing on an invest-and-collaborate approach to enhance value for Portfolio Companies.

Key areas of their investment strategy involve product, sales, human resources, and financial management. JM Financial and IIFL Capital Services are the book-running lead managers for this issue, with Ishu Jain serving as the compliance officer.

Upon closing, the shares will be listed on both the BSE and NSE, marking its public market debut.