Gaja Alternative Asset Management IPO Details
Gaja Alternative Asset Management IPO Summary
Gaja Alternative Asset Management IPO opens for subscription on 19 Aug 2026 and closes on 21 Aug 2026.The IPO will be listed on NSE, BSE with the tentative listing date set for 26 Aug 2026.
Gaja Alternative Asset Management IPO price band has been fixed at ₹152 – ₹160 per share. The face value is ₹5 per share with a lot size of 93.
Gaja Alternative Asset Management IPO total issue size comprises 3,43,75,000 shares (aggregating up to ₹550.00 Cr). This includes a fresh issue of 2,81,25,000 shares (aggregating up to ₹450.00 Cr). Offer for Sale consists of 62,50,000 shares (aggregating up to ₹100.00 Cr). Pre-issue shareholding stands at 11,28,85,230, which will increase to 14,10,10,230 post-issue.
Gaja Alternative Asset Management IPO carries a ₹18.5 (11.56%) GMP, reflecting investor sentiment.
Gaja Alternative Asset Management IPO Lot Size :Retail Minimum is 1 lot (93 shares) amounting to ₹14,880. Retail Maximum is 13 lots (1,209 shares) amounting to ₹1,93,440. SHNI Minimum is 14 lots (1,302 shares) amounting to ₹2,08,320. SHNI Maximum is 67 lots (6,231 shares) amounting to ₹9,96,960. BHNI Minimum is 68 lots (6,324 shares) amounting to ₹10,11,840.
Gaja Alternative Asset Management IPO Details
Gaja Alternative Asset Management IPO Subscription
Gaja Alternative Asset Management IPO Application Wise Breakup (Approx)
Gaja Alternative Asset Management IPO Dates
- 19 Aug 2026Opening dateOpen
- 21 Aug 2026Closing dateClose
- 24 Aug 2026Allotment Date Allotment
- 25 Aug 2026Initiation of RefundsRefund
- 25 Aug 2026Credit of SharesCredit
- 26 Aug 2026Listing dateListing
Gaja Alternative Asset Management IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 93 | ₹14,880 |
| Retail Maximum | 13 | 1209 | ₹1,93,440 |
| SHNI Minimum | 14 | 1302 | ₹2,08,320 |
| SHNI Maximum | 67 | 6231 | ₹9,96,960 |
| BHNI Minimum | 68 | 6324 | ₹10,11,840 |
Gaja Alternative Asset Management IPO Reservation
Promoter Holding
Documents
Gaja Alternative Asset Management IPO Valuations
Gaja Alternative Asset Management Financial Information
| Period Ended | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Assets | 706.49 | 451.87 | 388.60 |
| Total Income | 157.80 | 123.31 | 103.96 |
| Profit After Tax | 81.96 | 61.95 | 44.74 |
| NET Worth | 606.52 | 388.97 | 331.88 |
| Reserves and Surplus | 525.33 | 381.75 | 325.79 |
| Total Borrowing | 41.56 | 4.00 | 3.51 |
| Amount in ₹ Crore | |||
About Gaja Alternative Asset Management IPO
p>Incorporated in April 1999, Gaja Alternative Asset Management Limited is an independent, home-grown alternative asset management company with over two decades of experience in managing and advising India-focused funds, including Category I and Category II AIFs, as well as offshore funds investing in India. The Company focuses on alternative investments across sectors such as education, energy and environment, financial services, consumer and digital technology, with a differentiated investment approach focused on the mid-market segment.
Gaja Alternative Asset Management has built a strong track record through multiple fund cycles, with the Gaja Capital Funds comprising Fund II, Fund III and Fund IV, supported by long-standing relationships with investors across more than 20 countries. The Company had committed approximately ₹274 crore as Sponsor Commitment, representing 6.41% of the total size of the Gaja Capital Funds as of March 31, 2026.
The Company generates income through management fees, carried interest and gains from sponsor commitments, with a focus on capturing the economic value generated by the funds managed and advised by it. Gaja Capital follows an invest-and-collaborate approach, working closely with portfolio companies across areas such as product, sales, human resources and financial management. As of March 31, 2026, the Company had 37 personnel, including 23 permanent and 14 contractual employees.
Strength Of Gaja Alternative Asset Management IPO
- Well established alternative AMC with a differentiated business model focused on driving the enterprise value of our Company.
- Proven track-record of delivering consistent performance across the Gaja Capital Funds.
- Focus on the high-growth alternative asset management industry in India with significant headroom to scale.
- Invest-and-collaborate approach with a key focus on value addition to portfolio companies of the Gaja Capital Funds.
- Ensuring skin-in-the game and alignment of interest with the investors of the Gaja Capital Funds.
- Experienced Promoters and management team.
- Long-standing and well-established industry relationships with a diverse global investor base across the Gaja Capital Funds.
- Proven track record of delivering robust financial growth and a strong balance sheet.
Risk Of Gaja Alternative Asset Management IPO
- Our total income is dependent on the performance of the funds managed and advised by us. We derive our total income from Management Fee, Carried Interest and Income from Sponsor Commitment and our total income during Fiscals 2026, 2025, and 2024 included Management Fee from the funds managed and advised by us and was 38.07%, 46.65% and 72.96% of our total income, respectively.
- The historical returns attributable to the funds managed and advised by us should not be considered as indicative of the future results of such funds or of the future funds and the returns we may generate may be prolonged on account of the nature of these funds and may not be similar to what we may have generated historically.
- The timing and receipt of Carried Interest from the funds managed and advised by us are unpredictable and will contribute to the volatility of our cash flows. Our Carried Interest was Rs.754.11 million and 47.79% of our total income for Fiscal 2026 and Rs.644.26 million and 52.25% of our total income in Fiscal 2025.
- Valuation methodologies for certain assets of the funds managed and advised by us can be susceptible to significant subjectivity and the derived values of assets may not be realized, which could result in significant losses for such funds. The fair market value of Sponsor Commitments in Gaja Capital Funds was Rs.2,436.23 million, Rs.2,015.42 million and Rs.2,204.75 million for Fiscals 2026, 2025 and 2024, respectively.
- Our inability to raise sufficient capital from Limited Partners or their inability to honor capital calls in relation to the funds managed and advised by us could adversely affect our results of operations, financial condition and cash flows.
- We, along with the funds managed and advised by us, are subject to securities regulation and any failure to comply with these regulations could subject us to penalties or sanctions.
- The auditor's report to the standalone financial statements of our Company as of and for the Fiscals ended March 31, 2026 and March 31, 2025 makes reference to certain matters of emphasis and the auditor's report to the consolidated financial statements of our Company as of and for the Fiscals ended March 31, 2026, March 31, 2025 and March 31, 2024, make reference to an adverse remark. We cannot assure that our financial information for future periods will not contain such adverse remarks.
- We have operations in foreign countries through our Subsidiaries in Cayman Islands and Mauritius, which exposes us to risks inherent to operations in foreign jurisdictions.
- We enter into certain related party transactions in the ordinary course of our business and we cannot assure you that such transactions will not adversely affect our financial condition and results of operations.
- One of the members of our Promoter Group, Mr. Johrilal Jain, has not provided his consent to be identified as a member of our Promoter Group and has not provided any information in respect of himself and his relevant entities as Promoter Group.
Objectives Gaja Alternative Asset Management IPO
1. Investing towards Sponsor Commitments to certain existing funds, new funds and for repayment of the Bridge Loan Amount as follows: (a) investing towards balance Sponsor Commitment to the following constituent funds of Fund IV and Bridge Loan Amount (i) Gaja Capital India Fund 2020 LLP; (ii) Gaja Capital India Fund 2020 (iii) Bridge Loan Amount (b) investing towards Sponsor Commitment to the proposed Fund V (c) investing towards Sponsor Commitment to the Secondaries Fund
2. General Corporate Purposes
Company Contact Details
302, 3rd Floor, Kanchenjunga Building, 18, Barakhamba Road, Connaught Place, Central Delhi,
New Delhi, New Delhi , 110001
Phone: 91368 89894
Email: compliance@gajacapital.com
Website: https://www.gajacapital.com/
Registrar Contact Details
Gaja Alternative Asset Management FAQs
The Gaja Alternative Asset Management IPO is a MAINBOARD public issue comprising 34375000 equity shares with a face value of ₹5 each, aggregating to a total issue size of ₹550.00 Cr. The issue price has been fixed at ₹160 per equity share, and the minimum application size is 93 shares.
The IPO opens for subscription on 19 Aug 2026, and closes on 21 Aug 2026.
MUFG Intime India Pvt Ltd has been appointed as the registrar to the issue. The equity shares are proposed to be listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE).
As of now, the current GMP stands at ₹18.5 (11.56%).
Quick Links
Comments
