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India’s First Alt Asset Manager IPO: Gaja Capital Raises ₹550 Cr

By Business DeskIndia’s First Alt Asset Manager IPO: Gaja Capital Raises ₹550 Cr

Gaja Alternative Asset Management Limited launches India’s first IPO for an alt asset manager, raising ₹550 crore. S&R Associates provided legal counsel.

Gaja Alternative Asset Management Limited has executed India’s first Initial Public Offering for an alternative asset management company, valued at ₹550 crore (INR 5.50 billion). S&R Associates provided legal counsel for this significant market debut.

Key Financials

  • IPO Value: ₹550 crore (INR 5.50 billion)
  • Total pre-filing placement: ₹1.75 billion
  • Private placement by Gaja Alternative Asset Management: ₹1.25 billion
  • Secondary transfers from existing shareholders: ₹0.50 billion

This IPO represents a novel event in the Indian financial sector, marking the first time an alternative asset management company has sought public listing. The pre-filing placement was a crucial step executed before the main offering.

Legal Advisory Teams

S&R Associates guided Gaja Alternative Asset Management Limited and its selling shareholders through the complex legal process. Partners Sandip Bhagat and Jabarati Chandra led the core team, supported by associates Gunjeet Singh, Yashvardhan Singh, and Shruti Sarkar for the IPO itself.

The distinct pre-filing placement component of the transaction saw legal oversight from partner Dhruv Nath and associate Samyak Jain. Their work ensured the successful execution of these preparatory financial arrangements.

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