Gaja Alternative Asset Management Limited will open its Initial Public Offer (IPO) for subscription on Wednesday, August 19, 2026. The Anchor Investor bidding will take place on Tuesday, August 18, while the issue will close on Friday, August 21, 2026.
The company has fixed the IPO price band at ₹152 to ₹160 per equity share, with a face value of ₹5 per share. Investors can bid for a minimum of 93 equity shares and in multiples of 5 shares thereafter.
The total offer size is up to ₹550 crore, comprising a fresh issue of equity shares aggregating up to ₹450 crore and an Offer for Sale (OFS) of equity shares worth up to ₹100 crore.
Gaja Alternative Asset Management plans to utilise the net proceeds from the fresh issue towards its Sponsor Commitment to constituent funds of Fund IV, repayment of the Bridge Loan Amount, Sponsor Commitment to the proposed Fund V and Sponsor Commitment to the Secondaries Fund, besides general corporate purposes.
The equity shares are proposed to be listed on BSE and NSE, with NSE acting as the Designated Stock Exchange.
Not more than 50% of the offer will be available for allocation to Qualified Institutional Buyers (QIBs), while not less than 15% will be available for Non-Institutional Bidders and not less than 35% for Retail Individual Bidders, subject to applicable SEBI regulations.
JM Financial Limited and IIFL Capital Services Limited are the Book Running Lead Managers to the issue.
The IPO will follow the Book Building Process, with eligible investors required to apply through the ASBA process.
