Gaja Alternative Asset Management Shares List at 16% Premium

Gaja Alternative Asset Management made its stock market debut on Wednesday, August 26, 2026, with its shares listing at a 15.63% premium on the NSE. The stock opened at ₹185 apiece on the NSE against its IPO issue price of ₹160 per share. On the BSE, the shares debuted at ₹185.20 per share, representing a 15.75% premium over the issue price.

The company’s ₹550.00 crore IPO was open for subscription from August 19 to August 21, 2026, and witnessed strong investor interest. The issue was subscribed 31.33 times by the end of the bidding period.

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 Mart IPO Overall Subscription Status

[August 21, 2026, 7:00 P.M.]

About Gaja Alternative Asset Management Limited

Incorporated in 1999, 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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