Gaja Capital IPO: Rs 550 Cr Issue, Price Band Rs 152-160
By Business Desk
Gaja Capital IPO opens Aug 19, aiming to raise Rs 550 Cr with shares priced at Rs 152-160. Details on allocation, listing, and fund utilization.
Gaja Capital’s Initial Public Offering (IPO) is set to raise Rs 550 crore, with its price band fixed at Rs 152-160 per share.
The IPO opens for subscription on August 19 and closes on August 21. Anchor investors can place bids starting August 18.
Key IPO Figures
- Total IPO Size: Rs 550 crore
- Price Band: Rs 152-160 per share
- Fresh Issue: Rs 450 crore
- Offer for Sale (OFS): Rs 100 crore
- Minimum Bid: 93 shares
- Projected Market Capitalization (upper end): Rs 2,256 crore
The issue components include a fresh issuance of shares amounting to Rs 450 crore and an Offer for Sale of up to Rs 100 crore from existing shareholders, including promoters.
Investor Allocation Breakdown
- Qualified Institutional Buyers (QIBs): 50%
- Non-Institutional Investors (NIIs): 15%
- Retail Investors: 35%
Gaja Capital’s equity shares are scheduled for listing on both the BSE and NSE on August 26.
Utilizing the Proceeds
- Debt repayment
- Establishing new funds
- General corporate expenditures
Established in 2004, Gaja Capital operates as a private equity and alternative asset management firm, focusing on providing growth capital to entrepreneurs.
The firm invests across various sectors, including education, consumer goods, and financial services. It transitioned to a public limited company in early 2025, becoming Gaja Alternative Asset Management Ltd.
Portfolio Highlights
- Teamlease
- Lighthouse Learning
- RBL Bank
- John Distilleries
- Xpressbees
- Ei
- Leadsquared
- Signzy