Gaja Alternative Asset Management IPO Day 3: Subscription Status, Timeline & Key Issue Details

Gaja Alternative Asset Management’s ₹550.00 crore initial public offering (IPO) entered its final day of public subscription today, August 21, 2026, with a price band of ₹152 to ₹160 per share. As of 10:45 A.M on the third day of bidding, the issue had been subscribed 3.85 times.

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 3 Subscription Status

[August 21, 2026, 10:45 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 over two decades of experience. It manages Category I and Category II AIFs and advises offshore funds investing in Indian businesses.

The company invests across sectors including engineering, infrastructure, financial services, consumer, and digital technology. Its revenue is primarily generated from management fees, carried interest, and returns on sponsor capital.

Key Financial Highlights 

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