• IPO Open Date
  • 19th Aug 2026
  • IPO Close Date
  • 21st Aug 2026
  • Allotment date
  • 24th Aug 2026
  • Listing date
  • 26th Aug 2026
  • Issue Size
  • ₹ 550 Cr.
  • Issue Price Band
  • ₹ 152 to 160
  • Lot Size
  • 93 Share
  • Minimum Investment
  • ₹ 14880

Disclaimer: IPO details, GMP, subscription figures, and other related information are for informational purposes only and may not always be accurate or up to date. Please verify the latest details from official sources before investing.

About Gaja Alternative Asset Management Limited

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.

Fund Track Record

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.

Business Model

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.

Workforce

As of March 31, 2026, the Company had 37 personnel, including 23 permanent and 14 contractual employees.

Competitive Strengths

  • Well-established alternative asset management company with over 20 years of experience
  • Proven track record of consistent performance across Gaja Capital Funds
  • Focus on the high-growth alternative asset management industry in India
  • Differentiated invest-and-collaborate approach focused on value creation
  • Strong alignment of interests with investors through significant Sponsor Commitment
  • Experienced promoters and management team with deep industry expertise
  • Long-standing relationships with a diverse global investor base
  • Robust financial growth and strong balance sheet
Read More

IPO Subscription Details

Category Shares Offered Shares Applied Subscription Times (x)
Updated on N/A

Grey Market Premium (GMP)

GMP Date IPO Price GMP Estimated Listing Price Estimated Profit* Last Updated
Disclaimer: Grey Market Premium (GMP) is an unofficial market indicator provided for informational purposes only. It may change at any time and should not be considered investment advice or a guarantee of listing gains. Please evaluate company fundamentals, financials, valuation, and subscription data, and consult a SEBI-registered financial advisor before making any investment decision.

Financials of Gaja Alternative Asset Management Limited

A quick overview of the key financial performance of Gaja Alternative Asset Management Limited.

Total Assets (₹ Cr)

Revenue (₹ Cr)

Profit after Tax (₹ Cr)

*All values are in Rs. Cr

Company Financials

Revenue increased by 28%, Profit after Tax (PAT) increased by 32%, Total Assets increased by 56% between FY2025 and FY2026.

Period Ended FY2024 FY2025 FY2026
Revenue 103.96 123.31 157.80
Assets 388.60 451.87 706.49
Total Income 103.96 123.31 157.80
Profit After Tax 44.74 61.95 81.96
EBITDA 49.25 60.81 72.05
Net Worth 331.88 388.97 606.52
Reserves & Surplus 331.86 388.95 550.07
Total Borrowings 3.51 4.00 41.56
Amount in ₹ Crore

IPO Lot Size

Application Lots Shares Amount
Retail (Min) 1 93 ₹ 14,880
Retail (Max) 13 1,209 ₹ 1,93,440
S-HNI (Min) 14 1,302 ₹ 2,08,320
S-HNI (Max) 67 6,231 ₹ 9,96,960
B-HNI (Min) 68 6,324 ₹ 10,11,840

Key Performance Indicators (KPI)

KPI Latest
ROE (%) 16.47
Debt / Equity 0.07
RoNW (%) 13.13
PAT Margin (%) 51.94
Pre IPO
Post IPO
EPS (₹)
7.26
5.81
P/E (x)
22.04
27.54
Promoter Holding (%)
61.4
-
Market Cap 1806
Disclaimer: KPI values are based on information disclosed in the IPO prospectus and are provided for informational purposes only.

IPO Lead Manager(s)

Lead Manager Details

  • JM Financial Limited

Lead Manager Details

  • IIFL Capital Services Limited (formerly known as IIFL Securities Limited)
  • Contact Person: Mansi Sampat/ Pawan Kumar Jain
  • SEBI Registration Number: INM000010940
  • Investor Grievance Email: ig.ib@iiflcap.com
  • Website: https://www.iiflcap.com
  • Email: gaja.ipo@iiflcap.com
  • Phone: +91 22 4646 4728
  • Address: 24th Floor, One Lodha Place, Senapati Bapat Marg, Lower Parel (West), Mumbai 400 013, Maharashtra, India

IPO Registrar

  • Registrar Name
  • MUFG Intime India Private Limited (Formerly Link Intime India Private Limited)
  • Phone
  • +91 810 811 4949
  • Contact Person
  • Shanti Gopalkrishnan
  • SEBI Registration Number
  • INR000004058
  • Address
  • C-101, 1st Floor, 247 Park, Lal Bahadur Shastri Marg, Vikhroli (West), Mumbai 400 083, Maharashtra, India

Company Contact Details

  • Company Name
  • Gaja Alternative Asset Management Limited
  • Phone
  • +91 91368 89894
  • Contact Person
  • Ms. Ishu Jain
  • Corporate Identity Number
  • U67190DL1999PLC099260
  • Address
  • 302, 3rd Floor, Kanchenjunga Building, 18, Barakhamba Road, Connaught Place, New Delhi 110 001, India

Latest News

Gaja Alternative Asset Management IPO to Open on 19 August

2026-08-13

Gaja Alternative Asset Management IPO to Open on 19 August

Gaja Alternative Asset Management Limited FAQs

The Gaja Alternative Asset Management Limited IPO is a MAIN IPO with a total issue size of ₹ 550 crores. The IPO price band is fixed at ₹152 to ₹ 160 per share, and the minimum lot size is 93 Shares. The Gaja Alternative Asset Management Limited IPO will open on 19th Aug 2026, and will close on 21st Aug 2026. MUFG Intime India Private Limited (Formerly Link Intime India Private Limited) has been appointed as the registrar for the issue. The equity shares are proposed to be listed on NSE.

The Gaja Alternative Asset Management Limited IPO opens on 19th Aug 2026 and closes on 21st Aug 2026.

The Gaja Alternative Asset Management Limited IPO lot size is 93 Share, and the minimum amount required for application is ₹ 14880.

You can apply for the Gaja Alternative Asset Management Limited IPO through your bank account using the ASBA facility or via your online trading and Demat account. To apply online, log in to your broker’s platform, select Gaja Alternative Asset Management Limited IPO, enter the number of lots, choose your price within the price band, and submit the application. After submitting, approve the UPI mandate to block the required amount in your bank account. Once the IPO allotment is finalised, shares will be credited to your Demat account if allotted. If not allotted, the blocked amount will be released automatically.

The Gaja Alternative Asset Management Limited IPO listing date is 26th Aug 2026.
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