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Gaja Capital IPO: Target Valuation & Revised Size

By ThePip DeskGaja Capital IPO: Target Valuation & Revised Size

Gaja Capital revises IPO to Rs 550 crore, targeting $237M valuation. Learn about the price band, fund allocation, and reasons for the adjustment.

Private equity firm Gaja Capital is preparing for its initial public offering, targeting a $237 million valuation for its parent entity.

The firm has revised its IPO size to Rs 550 crore, a significant reduction from its earlier planned Rs 656 crore.

This adjustment is primarily attributed to Gaja Capital’s robust profitability, as reported for FY26.

The IPO’s price band has been set between Rs 152 and Rs 160 per equity share.

IPO Structure and Details

  • Target Valuation: $237 million
  • Revised IPO Size: Rs 550 crore
  • Previous IPO Plan: Rs 656 crore
  • Price Band: Rs 152-160 per equity share

The Rs 550 crore IPO comprises a primary issue and an offer-for-sale component.

Proceeds from the fresh issue are specifically earmarked for fulfilling sponsor commitments.

Fund Allocation

  • Primary Issue Component: Rs 450 crore
  • Offer-for-Sale Component: Rs 100 crore
  • Fresh Issue Destination 1: New secondaries fund.
  • Fresh Issue Destination 2: Fifth private equity fund.

Gaja Capital’s upcoming listing is poised to make history in the Indian financial market.

It will position the firm as one of the pioneering standalone private equity entities to be publicly traded in India.

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