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Gaja Alternative Asset Management Ltd.

NSE & BSE
ListedListed on 26 Aug 2026+15.8%

₹152–160

₹ 405 Cr

93 Shares

₹ 14,136

₹5

Financial Summary

Consolidated(in ₹ million)
ParticularsFY 2025-26FY 2024-25
1,355.311,219.99
222.6613.08
1,577.971,233.07
634.79611.9
874.09588.37
819.59619.51

Subscription Details

31.33xTotal
Subscription
11.04x
62.35x
43.58x
0.00x

IPO Timeline

IPO Offer Start

19 Aug 2026

IPO Offer Ends

21 Aug 2026

26 Aug 2026

Use of Proceeds

#PurposeAmount (₹ Million)
1Investing towards our Sponsor Commitments to certain existing funds, new funds and for repayment of 3,720
2General corporate purposes442.48

Promoters

Gopal JainRanjit Jayant ShahImran JafarChitra JainMona Ranjit Shah

Book Running Lead Managers

JM Financial Ltd.IIFL Capital Services Ltd.

Promoter Shareholding

Pre-IPO

74.13%

Promoter stake

Post-IPO

54.23%

Promoter stake

Offered to Public

2,53,28,946

shares

Post Share Capital

7,64,70,184

shares

IPO Registrar

MUFG Intime India Pvt Ltd.

About the Company

We are an experienced, independent and home-grown alternative asset management company (“AMC”). With over two decades of experience in alternative asset management, we have navigated various investment cycles across the funds managed and advised by us. As an independent alternative AMC, we are not sponsored or owned by any financial institution, corporate group, or global firm and our ownership structure is predominantly held by our leadership team. The home-grown character of our Company is rooted in the backgrounds of our Promoters and senior management, all of whom have developed their careers in India and are Indian citizens.

Use of Proceeds

1. Investing towards our Sponsor Commitments to certain existing and new funds and for repayment of the Bridge Loan Amount in the manner set forth below:a) Investing towards our balance Sponsor Commitment to the following constituent funds of Fund IV and for repayment of the Bridge Loan Amount:(i) Gaja Capital India Fund 2020 LLP;(ii) Gaja Capital India Fund 2021 (formerly known as Gaja Capital India Fund 2020); and(iii) Bridge Loan Amount.b) Investing towards our Sponsor Commitment to the proposed Fund V; andc) Investing towards our Sponsor Commitment to the Secondaries Fund.2. General corporate purposes.

IPO FAQs

The Gaja Alternative Asset Management Ltd. IPO has a total of ₹405 crore, calculated at the upper end of the .

The Gaja Alternative Asset Management Ltd. IPO is priced at ₹152–160 per share. bids must fall within this , against a of ₹5 per share.

The for the Gaja Alternative Asset Management Ltd. IPO is 93 shares, which is also the minimum order quantity — you have to apply for at least 93 shares, and in multiples of 93 beyond that.

The minimum investment in the Gaja Alternative Asset Management Ltd. IPO is about ₹14,136 — one lot of 93 shares, calculated at the lower end of the .

Bidding at the cut-off or upper price raises the amount blocked in your account.

The Gaja Alternative Asset Management Ltd. opens on 19 Aug 2026 and closes on 21 Aug 2026.

Applications have to be in before 5:00 PM IST on the closing day, and your UPI mandate needs to be approved by then as well.

Gaja Alternative Asset Management Ltd. shares were listed on 26 Aug 2026 on BSE and NSE.

MUFG Intime India Pvt Ltd. is the for the Gaja Alternative Asset Management Ltd. IPO.

The registrar processes the , refunds and the credit of shares to your demat account, so allotment-status queries go to them — phone +91 810 811 8484 and email rnt.helpdesk@in.mpms.mufg.com.

Gaja Alternative Asset Management Ltd. IPO shares are listed on BSE and NSE.

Each Gaja Alternative Asset Management Ltd. share has a of ₹5.

Face value is the nominal value recorded in the company's books and is separate from the issue price you pay.

held 74.13% of Gaja Alternative Asset Management Ltd. before the IPO, which falls to 54.23% after the issue.

2,53,28,946 shares of Gaja Alternative Asset Management Ltd. are being offered to the public in this issue.

The Gaja Alternative Asset Management Ltd. IPO has been subscribed 31.33x overall — 43.58x, 62.35x and 11.04x.

figures update through the issue period until it closes.

  1. 1.Investing towards our Sponsor Commitments to certain existing and new funds and for repayment of the Bridge Loan Amount in the manner set forth below:a) Investing towards our balance Sponsor Commitment to the following constituent funds of Fund IV and for repayment of the Bridge Loan Amount:(i) Gaja Capital India Fund 2020 LLP;(ii) Gaja Capital India Fund 2021 (formerly known as Gaja Capital India Fund 2020); and(iii) Bridge Loan Amount.b) Investing towards our Sponsor Commitment to the proposed Fund V; andc) Investing towards our Sponsor Commitment to the Secondaries Fund
  2. 2.General corporate purposes

JM Financial Ltd. and IIFL Capital Services Ltd. are the for the Gaja Alternative Asset Management Ltd. IPO.

Pre-apply means placing your Gaja Alternative Asset Management Ltd. application before the subscription window actually opens. The bid is held and forwarded to the exchange on the opening day, so you don't have to submit it in the rush of the first morning.

Applying early doesn't improve your chances — when an issue is oversubscribed, the for investors is decided by a lottery, not by who applied first. Your money is only blocked once the application reaches the exchange.

You can apply in the Gaja Alternative Asset Management Ltd. IPO online using either UPI or ASBA as the payment method. ASBA applications are made through the net banking of a bank account that supports IPO applications — the bank blocks the amount in your account instead of debiting it. UPI applications are offered by brokers that don't provide banking services: you enter your UPI ID and then approve the mandate request in your UPI app.

Either route needs a demat account. You bid for at least one lot, at a price within the or at the cut-off price, and the money stays blocked in your bank account until the is finalised.

Your broker or bank confirms the bid once it has been submitted to the exchange, usually within a few minutes during the bidding window. A UPI application only goes live after you approve the mandate request — ignore it and the bid lapses, even though it looks placed.

You can check the Gaja Alternative Asset Management Ltd. bid independently on the NSE or BSE IPO bid-verification page a day after applying. An ASBA application also shows up as a blocked amount in your bank statement.