GAJA ALTERNATIVE ASSET MANAGMENT LIMITED
₹ 152 - ₹ 160
19-Aug-2026 - 21-Aug-2026
₹ 14880.00

/ 93 Shares

GAJA ALTERNATIVE ASSET MANAGMENT LIMITED

19-Aug-2026 - 21-Aug-2026

₹ 152 - ₹ 160

Price Band

₹ 14880.00

Minimum Investment

93

Bid Lot

34,375,000

Shares

IPO Details

Fresh Issue of Equity Shares aggregating up to RS 450 Cr and Offer for Sale of Equity Shares aggregating up to RS 100 Cr

Category % Shares/Amount
QIB 50% 17,187,500 Shares RS.275.00 CR
HNI 1 5% 1,718,750 Shares RS.27.50 CR @ 1320 FORM 1X
HNI 2 10% 3,437,500 Shares RS.55.00 CR @ 2640 FORM 1X
Retail 35% 12,031,250 Shares RS.192.50 CR @ 129368 FORM 1X

BRLMs: JM Financial, IIFL Capital Services Ltd

Application Require for 1 Time

Retail (Upto 2 Lakh) HNI (2 Lakh to 10 Lakh) HNI (Above 10 Lakh)
129368 FORM 1X 1320 FORM 1X 2640 FORM 1X

IPO Lot Size

Category Lots Shares Amount
Retail (Upto 2 Lakh) 1 93 ₹ 14,880
Retail (Upto 2 Lakh) 13 1209 ₹ 193,440
S-HNI (2 Lakh to 10 Lakh) 14 1302 ₹ 208,320
S-HNI (2 Lakh to 10 Lakh) 67 6231 ₹ 996,960
B-HNI (Above 10 Lakh) 68 6324 ₹ 1,011,840

IPO Timeline

  • Open Date

    19-Aug-2026

  • Close Date

    21-Aug-2026

  • Basis of Allotment Date

    24-Aug-2026

  • Initiation of Refunds

    25-Aug-2026

  • Credit Shares to Demat A/c

    25-Aug-2026

  • IPO Listing Date

    26-Aug-2026

Subscription as on
19-Aug-2026 11:39

Category Book Size Subscription No. of Times
QIB 6,875,000 ₹ 110.00 Cr. 15,438 ₹ 0.25 Cr. 0.00x
HNI (<10 LAKH) 1,718,750 ₹ 27.50 Cr. 881,268 ₹ 14.10 Cr. 0.51x
HNI2 (>10 LAKH) 3,437,500 ₹ 55.00 Cr. 904,239 ₹ 14.47 Cr. 0.26x
RETAIL 12,031,250 ₹ 192.50 Cr. 5,474,259 ₹ 87.59 Cr. 0.46x
Total 24,062,500 7,275,204 0.30x
Category Book Size Subscription No. of Times
QIB 6,875,000 ₹ 110.00 Cr. 15,438 ₹ 0.25 Cr. 0.00x
HNI (<10 LAKH) 1,718,750 ₹ 27.50 Cr. 881,268 ₹ 14.10 Cr. 0.51x
HNI2 (>10 LAKH) 3,437,500 ₹ 55.00 Cr. 904,239 ₹ 14.47 Cr. 0.26x
RETAIL 12,031,250 ₹ 192.50 Cr. 5,474,259 ₹ 87.59 Cr. 0.46x
Total 24,062,500 7,275,204 0.30x

*Excluding Anchor

Total No. of Application Approx : ~50514 (0.39 Appwise)

Appwise Subscription
Category Total App App wise
HNIBT 616.63 1320 (For 1x) 0.47x
HNIAT 138.55 2640 (For 1x) 0.05x
RETAIL 42559.00 129368 (For 1x) 0.33x

Disclaimer: The above-mentioned information / data are sourced from the websites of National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) and are subject to change on real time basis. For updated information / data you can visit their respective website. The information / data provided herein above are for information purpose only and provided "AS IS" and "AS AVAILABLE" basis and without warranty, express or implied. We do not guarantee or warrant the accuracy, adequacy or completeness of the information received through the said websites. “We” hold not responsibility of any kind as regard to any discrepancies, errors, omissions, losses or damages. “We” including its affiliates and any of its officers, directors, personnel and employees, shall not liable for any loss, damage of any nature, including but not limited to direct, indirect, punitive, special, exemplary, consequential, as also any loss of profit in any way arising from the use of information / data received through the said websites. The recipient alone shall be fully responsible / are liable for any decision taken on the basis of such information / data. All recipients should before acting upon the said information make their own investigation, seek appropriate professional advice.

About Company

  • q  Incorporated in 1999 as View Advisors Private Limited and subsequently rebranded as “Gaja Capital”, the company is a well-established alternative asset management company with a track record of over 20 years, acting as an investment manager to India-focused funds, including Category I and Category II AIFs, and as an advisor to offshore funds investing in India
  • q  The company is an experienced, independent and home-grown alternative asset management company. The Company is not sponsored or owned by any financial institution, corporate group or global firm, and its ownership is predominantly held by the leadership team.
  • q  The Company’s investment portfolio across the funds managed and advised by it has been focused on a diversified range of sectors, including energy, environment and efficiency (EEE), financial services, consumer, and digital technology sectors.
  • q  The company derives its income primarily from three income streams (i) Management Fee; (ii) Carried Interest; and (iii) Income from Sponsor Commitment.
  • q  The Company has established multiple fund vintages, supported by long-standing relationships with LPs across more than 20 countries, including India, the United States, Europe and the Middle East.
  • q  The company’s commitment to the Gaja Capital Funds is reflected in its Sponsor Commitment of approximately ?274 crore, representing 6.41% of the total fund size as of March 31, 2026, significantly higher than the minimum threshold prescribed under the SEBI AIF Regulations.
  • q  As of March 31, 2026, the Gaja Capital Funds and Prior Investments had completed 28 investments, including fully realized investments. The Prior Investments, aggregating ?21.09 crore, were fully realized with an MOIC of 5.61x. Fund II delivered an MOIC of 3.81x, with fully realized investments in 5 of its 8 portfolio companies and partially realized investments in the remaining 3, including exits through 3 IPOs and 2 strategic and financial sale transactions.
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Strengths

Competitive Strength 

  • Well-established alternative AMC with a differentiated business model focused on driving the enterprise value of the 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

Business Strategies 

  • Drive growth in the enterprise value of the Company by leveraging its business model and delivering on key value drivers
  • Capitalize on the growth of the AIF segment and deepen the focus on high-growth sectors in the mid-market segment in the Indian economy
  • Continue to focus on delivering sustained growth and investment performance in the flagship private equity strategy
  • Leverage its expertise to progress on new growth strategies
  • Strengthen the employee value proposition to continue to attract and retain talent
  • Enhance investor reach in India and globally and strengthen industry relationships

Company Promoters

Company Financials

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

Objects of the Issue

# Issue Objects Est Amt (? Cr.)
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 372.00
2 General Corporate Purposes  
  Total 372.00

How to Apply

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    Once you create your account, Login to InvestoYard.

  • Step 02 :

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  • Step 03 :

    Add quantity of shares to apply – Maximum 3 bids are allowed (For retail category – max amount Rs.2,00,000/-).

  • Step 04 :

    Enter your UPI ID and you will receive mandate on your UPI App.

  • Step 05 :

    Once you accept the mandate, Application is submitted successful.

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Frequently Asked Questions

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