Gaja Capital IPO: India’s First Listed PE Firm Launches ₹550 Cr Offering
By Business Desk
Gaja Capital announces a ₹550 crore IPO, marking India’s first listed private equity firm. Details on subscription, price band, and listing date.
Gaja Capital is launching a ₹550 crore Initial Public Offering, set to become India’s inaugural listed private equity firm. This move highlights a significant development in the domestic financial market.
IPO Details & Timeline
The IPO comprises both new shares and an offer for sale from existing promoters. Funds from the offering are allocated for sponsor commitments to various funds and bridge loan repayment.
- The IPO consists of a ₹450 crore fresh issue.
- An offer-for-sale by promoters totals ₹100 crore.
- The price band is fixed between ₹152 and ₹160 per equity share.
- Bids are accepted in lots of 93 shares or multiples thereof.
- Subscription period: August 18 to August 20.
- Listing is anticipated on both the National Stock Exchange and Bombay Stock Exchange on August 26, 2026.
Strategic Deployments & Leadership
The net proceeds from the IPO are slated for deployment over the next three years. These funds will support existing and new investment vehicles, reinforcing Gaja Capital’s strategic growth initiatives.
- UK Sinha, former SEBI Chairperson, serves on the board.
- Manish Sabharwal, formerly on the RBI board, is an advisory board member.
- Prithvi Pal Singh Haldea, founder of PRIME Database, is also a director.
- Gaja Capital has a track record of early investments in companies like RBL Bank, Fractal Analytics, and Eggoz.