Gaja Alternative Asset Management IPO
Gaja Alternative Asset Management IPO closed on 21 Aug 2026. Allotment 24 Aug 2026, listing 26 Aug 2026. Price band ₹152–₹160, lot 93 shares, GMP +₹18 (11.56%). Track allotment on Allotly.
| Status | Closed |
|---|---|
| Category | Mainboard · NSE & BSE |
| Price band | ₹152–₹160 |
| Lot size | 93 shares |
| Minimum investment | ₹14,880 |
| Issue size | ₹550 Cr |
| GMP | +₹18 (11.56%) |
| Open date | 19 Aug 2026 |
| Close date | 21 Aug 2026 |
| Allotment date | 24 Aug 2026 |
| Listing date | 26 Aug 2026 |
| Registrar | LINK |
About Gaja Alternative Asset Management
Gaja Capital is an alternatives AMC/private equity firm that raises capital from wealthy and institutional investors for its funds, which invest in high-risk, high-potential businesses. It invests in interesting themes such as deep tech, AI startups, and transformative management buyouts. Gaja manages multiple alternative investment funds (AIFs) and offshore funds, and earns three streams of income: management fees, share of profits, and returns on its own capital.
Strengths
- Well-established alternative asset management platform with a unique and differentiated business model.
- Proven track record of delivering consistent performance and returns across various Gaja Capital Funds.
- Favorable exposure to the high-growth alternative asset management industry in India with significant scalability.
- The invest-and-collaborate approach is strongly focused on operational value addition for portfolio companies.
- Alignment of interests with investors through high sponsor commitment, ensuring skin in the game.
Risks
- High revenue dependency on the underlying financial performance of the managed and advised funds.
- Historical returns generated by the firm’s prior funds may not be indicative of future fund performance.
- Receipt of carried interest payments from managed funds is inherently uncertain and highly volatile.
- Heavy reliance on management fees, which accounted for the vast majority of total revenue in recent fiscal years.
- Potential pricing volatility and lack of market liquidity, as this is the company’s first public issue.