Gaja Alternative Asset Management

Gaja Capital IPO

Upcoming

MainboardOpens 19 August 2026Closes 21 August 2026

Gaja Alternative Asset Management Limited (incorporated in 1999 as View Advisors Private Limited) operates under the brand name 'Gaja Capital' and is one of India's leading private equity and alternative asset…

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Price band
₹152 - ₹160
Issue size
₹550 Cr
Lot size
93 shares
Type
Mainboard
GMP
₹0 (0.0%)
Est. listing
₹160
Est. profit / app
Retail quota
35%

Key ratios

As per RHP / filings
Face value
₹5
EPS
7.17
P/E ratio
22.31
RoNW
13.13%
ROE
16.47%
Debt / Equity
0.07
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Timeline

IPO Opens

19 Aug

IPO Closes

21 Aug

Allotment

24 Aug

Listing

26 Aug

IPO Timeline & Listing Details

EventDate
IPO Open Date19 August 2026
IPO Close Date21 August 2026
Allotment Date24 August 2026
Listing Date26 August 2026

Investment Categories

CategoryLotsAmount
Retail (Min)
1₹14,880
Retail (Max)Just less than ₹2,00,000
13₹1,93,440
SHNI (Min)Just above ₹2,00,000
14₹2,08,320
SHNI (Max)Below ₹10,00,000
67₹9,96,960
BHNIAbove ₹10,00,000
68₹10,11,840

IPO Reservation Details

CategoryReservation
QIB (Qualified Institutional Buyer)50%
NII (Non-Institutional Investor)15%
SHNI (Small Non-Institutional Investor)5%
BHNI (Big Non-Institutional Investor)10%
Retail35%
Total100.00%

IPO Objectives

  • Investing towards balance Sponsor Commitment to constituent funds of Fund IV (Gaja Capital India Fund 2020 LLP and Gaja Capital India Fund 2021) and repayment of Bridge Loan Amount.
  • Investing towards Sponsor Commitment to the proposed Fund V.
  • Investing towards Sponsor Commitment to the Secondaries Fund.
  • General Corporate Purposes.

Strengths

  • Well-established alternative AMC operating under the 'Gaja Capital' brand with a differentiated, value-add business model.
  • Proven track record of delivering strong and consistent performance across Gaja Capital Funds.
  • Focus on India's rapidly growing alternative asset management industry with substantial room for expansion.
  • Hands-on 'invest-and-collaborate' strategy driving operational and strategic value for portfolio companies.

Weaknesses

  • Total income depends heavily on fund performance, with Carried Interest and Sponsor Commitment returns being variable and unpredictable.
  • High concentration of capital commitments from top Limited Partners (top 10 LPs accounted for 63.42% of Fund IV commitments).
  • Illiquidity of underlying private equity investments in unlisted portfolio companies.
  • Exposure to international operational and regulatory risks via offshore subsidiaries in Mauritius and Cayman Islands.
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Financial Performance

Period Ended31 Mar 202631 Mar 202531 Mar 2024
Assets (₹ Cr.)706.49451.87388.6
Revenue (₹ Cr.)157.8123.31103.96
PAT (₹ Cr.)81.9661.9544.74
Net Worth (₹ Cr.)606.52388.97331.88

Peer Comparison

CompanyP/B RatioP/E RatioRONW (%)Net Worth (₹ Cr.)
Gaja Alternative Asset2.9822.3113.13%606.52
UTI Asset Management2.622310.67%350.49
SBI Funds Management19.4437.7951.44%8,297.53

Subscription Details

No daily bids available.

No subscription statistics available.

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Company Details

  • Gaja Alternative Asset Management Limited
  • 302, 3rd Floor, Kanchenjunga Building, 18, Barakhamba Road, Connaught Place, New Delhi 110 001, India
  • +91 91368 89894
  • compliance@gajacapital.com
  • https://www.gajacapital.com/

Registrar Details

Frequently Asked Questions

What does Gaja Alternative Asset Management Limited do?
Gaja Alternative Asset Management Limited, operating under the brand 'Gaja Capital', is an alternative asset management firm managing Category I and II AIFs and advising offshore funds investing in Indian middle-market companies.
What are the IPO dates for Gaja Alternative Asset Management IPO?
The Gaja Alternative Asset Management IPO opens for subscription on August 19, 2026, and closes on August 21, 2026.
What is the price band and minimum investment for Gaja Alternative Asset Management IPO?
The price band is set at ₹152 to ₹160 per share. Retail investors can apply for a minimum lot of 93 shares, requiring an investment of ₹14,880 at the upper price band.
What is the total issue size of Gaja Alternative Asset Management IPO?
The total issue size is ₹550.00 Crores, comprising a Fresh Issue of ₹450.00 Crores and an Offer for Sale of ₹100.00 Crores.
What is the listing date of Gaja Alternative Asset Management IPO?
The equity shares of Gaja Alternative Asset Management Limited are tentatively scheduled to list on the BSE and NSE on August 26, 2026.

Gaja Capital IPO News & Updates

Follow the latest updates for Gaja Capital IPO, including grey market moves and allotment news.

Gaja Capital IPO IPO Pages

Open related pages for this IPO: details, GMP, subscription, allotment, review, FAQ, registrar, timeline, and news.

Sources

We match Gaja Capital IPO IPO numbers with official sources. For final dates and allotment results, double-check the registrar or exchange.

  • SEBIRules for IPO allotment and disclosures in India
  • NSEExchange notices, bidding data, and listing updates
  • BSEExchange notices and IPO allotment check tools
  • RHP / Offer DocumentCheck the company RHP on NSE/BSE or the IPO detail page
  • MUFG Intime India Private LimitedOfficial site to check allotment status for this IPO

Also read our Editorial Policy, How GMP is calculated, and How allotment chances work.

Reviewed by

Dinesh Agrawal · Lead IPO Analyst

15+ years in Indian markets and IPO research. He reviews IPO dates and key details before they go live.

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