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Gaja Capital IPO: Price Band Set at Rs 152-160 for Rs 550 Cr Issue

By IPO DeskGaja Capital IPO: Price Band Set at Rs 152-160 for Rs 550 Cr Issue

Gaja Capital sets IPO price at Rs 152-160/share for its Rs 550 crore issue, opening August 19. First listing for an Indian PE firm managing alternative assets.

Gaja Capital, officially Gaja Alternative Asset Management Ltd, has set the price band for its Initial Public Offering between Rs 152 and Rs 160 per equity share.

The IPO aims to raise Rs 550 crore and marks the first public listing of a standalone, Indian-origin private equity firm managing alternative assets.

Upcoming Bidding Schedule

  • The public issue is scheduled to open for bidding on Wednesday, August 19.
  • Bidding will conclude on Friday, August 21.
  • Prior to the main issue, a one-day anchor book will open on Tuesday, August 18.

IPO Funding Breakdown

The total Rs 550 crore IPO is composed of both new share issuance and existing shareholder divestment.

  • A fresh issue component accounts for Rs 450 crore of the total.
  • An offer-for-sale (OFS) of up to Rs 100 crore will be made by existing shareholders, including promoters.

Investor Participation Details

Prospective investors in Gaja Capital’s IPO must bid for a minimum of 93 shares per application.

All subsequent bids are required to be submitted in multiples of this initial share quantity.

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