Gaja Alternative Asset Management IPO Day 1: Subscription Status, Timeline & Key Issue Details

Gaja Alternative Asset Management’s ₹550.00 crore initial public offering (IPO) opened for public subscription today, August 19, 2026, with a price band of ₹152 to ₹160 per share. As of 10:05 A.M on the first day of bidding, the issue had been subscribed 0.05 times.

The IPO will remain open for subscription until August 21, 2026. The basis of allotment is expected to be finalised on August 24, 2026, while the shares are tentatively scheduled to be listed on the NSE and BSE on August 26, 2026.

Gaja Alternative Asset Management IPO - Issue Details

• Issue Type: Book Built Issue (Fresh Issue + OFS)
• Total Issue Size: Up to ₹550.00 crore
• Fresh Issue: Up to ₹450.00 crore
• Offer for Sale (OFS): Up to ₹100.00 crore
• Face Value: ₹5 per equity share
• Price Band: ₹152 to ₹160 per share
• Lot Size: 93 shares
• Minimum Investment Amount (Retail Investor): ₹14,880 (93 shares at the upper price)
• Listing: BSE, NSE
• Book Running Lead Managers: JM Financial Limited, IIFL Capital Services Limited

• Registrar: MUFG Intime India Private Limited

Gaja Alternative Asset Management IPO Timeline (Tentative)

The expected IPO schedule is as follows:

Note: The allotment and listing dates are tentative and may be revised.

Explore other Upcoming IPOs on BSE and NSE.

Gaja Alternative Asset Management IPO Day 1 Subscription Status

[August 19, 2026, 10:15 A.M.]

Utilisation of IPO Proceeds

The company intends to utilise the net proceeds from the fresh issue towards:

• Investing towards sponsor commitments to certain existing and new funds and for repayment of the Bridge Loan Amount in the manner set forth below:
• investing towards our balance Sponsor Commitment to the following constituent funds of Fund IV and for repayment of the Bridge Loan Amount: 
• Gaja Capital India Fund 2020 LLP 
• Gaja Capital India Fund 2021 (formerly known as Gaja Capital India Fund 2020)
• Bridge Loan Amount
• investing towards our Sponsor Commitment to the proposed Fund V
•  investing towards our Sponsor Commitment to the Secondaries Fund
• General corporate purposes.

About Gaja Alternative Asset Management Limited

Gaja Alternative Asset Management Limited is an independent, India-focused alternative asset management company with more than two decades of experience. It manages Category I and Category II Alternative Investment Funds (AIFs) focused on India and provides advisory services to offshore funds investing in Indian businesses. The company is primarily owned by its leadership team and operates independently without backing from any financial institution, corporate group or global firm.

Its investment portfolio covers sectors including engineering, energy and infrastructure, financial services, consumer businesses and digital technology. The company generates revenue mainly through management fees, carried interest and returns from sponsor commitments.

Key Financial Highlights 

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