Gaja Alternative Asset Management IPO: GMP, Price Band and Key Details

Gaja Alternative Asset Management IPO Opens on August 19

Gaja Alternative Asset Management IPO is set to open for public subscription on Wednesday, August 19, 2026.

The mainboard IPO will remain open for three days and will close on Friday, August 21, 2026.

The public issue has a total size of approximately ₹550 crore, comprising a fresh issue and an Offer for Sale (OFS).

Ahead of the IPO opening, the latest grey market activity indicates a relatively modest premium, with the reported GMP at around ₹7 per share.

Gaja Alternative Asset Management IPO Highlights

IPO Price Band: ₹152–₹160 per share

IPO Size: ₹550 crore

Fresh Issue: 2.81 crore shares worth ₹450 crore

Offer for Sale: 63 lakh shares worth ₹100 crore

IPO Opens: August 19, 2026

IPO Closes: August 21, 2026

Lot Size: 93 shares

Minimum Retail Investment: ₹14,880

Maximum Retail Investment: ₹1,93,440

Latest GMP: ₹7

GMP-Based Estimated Listing Price: ₹167

Indicative Premium: Approximately 4.4%

Expected Allotment Date: August 24, 2026

Expected Listing Date: August 26, 2026

Gaja Alternative Asset Management IPO GMP Today

The latest reported Gaja Alternative Asset Management IPO GMP is ₹7 per share.

At the upper end of the IPO price band of ₹160, the GMP indicates an estimated listing price of:

₹160 + ₹7 = ₹167

This implies a potential premium of approximately 4.4% over the upper issue price.

The relatively small GMP suggests that grey-market participants are currently indicating a modest premium rather than a significant listing gain.

However, GMP is an unofficial market indicator and can change before the IPO closes and ahead of the actual listing.

Gaja Alternative Asset Management IPO Price Band

The company has fixed the IPO price band at ₹152 to ₹160 per share.

Investors can apply for the IPO in lots of 93 shares.

At the upper price band of ₹160, one lot requires an investment of:

93 × ₹160 = ₹14,880

Retail investors can apply for up to 13 lots, requiring a maximum investment of approximately ₹1,93,440.

Gaja Alternative Asset Management IPO Size

The IPO has a total issue size of approximately ₹550 crore.

The issue consists of

Fresh Issue: 2.81 crore shares to raise approximately ₹450 crore.

Offer for Sale: 63 lakh shares worth approximately ₹100 crore.

The fresh issue proceeds will be used for the company's stated business requirements, while proceeds from the OFS will go to the selling shareholders.

Gaja IPO Reservation Details

The IPO has reserved shares across different investor categories.

Qualified Institutional Buyers (QIBs): Up to 50% of the net issue

Non-Institutional Investors (NIIs): 15% of the net issue

Retail Investors: 35% of the net issue

The allocation structure provides participation opportunities across institutional, non-institutional and retail investors.

Gaja Alternative Asset Management IPO Important Dates

The IPO is scheduled to open on August 19, 2026.

The subscription window will remain open until August 21, 2026.

The allotment is expected to be finalised on August 24, 2026.

Successful applicants are expected to receive shares in their demat accounts on August 25, 2026, while refunds for unsuccessful applicants are also expected around the same date.

The shares are expected to list on the NSE and BSE on August 26, 2026.

Gaja IPO Lot Size and Investment

The minimum retail application is one lot of 93 shares.

At the upper price band of ₹160, the minimum investment works out to ₹14,880.

Retail investors can apply for a maximum of 13 lots.

The maximum application value at the upper price band would be

13 × 93 × ₹160 = ₹1,93,440

Book-Running Lead Managers and Registrar

JM Financial Limited and IIFL Capital Services Limited are the book-running lead managers for the IPO.

MUFG Intime India Private Limited is the registrar of the issue.

Use of Gaja IPO Proceeds

According to the company's offer documents, the net proceeds from the fresh issue are planned to be used for several corporate purposes.

The company intends to use the proceeds to sponsor commitments to certain existing and new funds.

A portion of the proceeds is also planned to be used for repayment of the bridge loan amount.

The remaining funds will be used for general corporate purposes.

About Gaja Alternative Asset Management

Gaja Alternative Asset Management operates in the alternative asset management industry.

The company acts as an investment manager for India-focused funds, including Category I and Category II Alternative Investment Funds (AIFs).

It also acts as an advisor to offshore funds that provide capital to companies in India.

The company's business is therefore closely linked to the alternative investment and asset management ecosystem.

Gaja Alternative Asset Management Financial Performance

The company has reported growth in revenue from operations over the past three financial years.

FY24 Revenue: ₹95.64 crore

FY25 Revenue: ₹122 crore

FY26 Revenue: ₹135.53 crore

Profit attributable to the owners of the company also increased during the same period.

FY24 Profit: ₹44.52 crore

FY25 Profit: ₹59.53 crore

FY26 Profit: ₹79.66 crore

The reported financial figures indicate growth in both revenue and profitability over the three-year period.

What to Watch for Gaja IPO

The IPO is entering the market at a time when broader equity markets are experiencing consolidation.

For investors tracking the issue, the movement in GMP during the subscription period will be one factor to watch.

Other important factors include subscription levels across QIB, NII and retail categories, the overall market environment and the company's financial performance.

The actual listing price on August 26 could differ from the current GMP-based estimate of ₹167.

Key Takeaways

Gaja Alternative Asset Management IPO will open for subscription on August 19, 2026, and close on August 21, 2026.

The IPO has a total size of approximately ₹550 crore, comprising a ₹450 crore fresh issue and a ₹100 crore OFS.

The price band has been fixed at ₹152–₹160 per share.

The IPO lot size is 93 shares, with a minimum retail investment of ₹14,880 at the upper price band.

The latest reported GMP of ₹7 indicates an estimated listing price of around ₹167, representing an indicative premium of approximately 4.4%.

The expected listing date is August 26, 2026, on the NSE and BSE.

Investors should remember that GMP is unofficial and may change before listing. The actual listing price will be determined by market demand and supply.

Disclaimer

This article is published solely for educational and informational purposes.

TrendRipperX is not registered with the Securities and Exchange Board of India (SEBI) as an Investment Adviser or Research Analyst.

The information presented in this article is based on publicly available information and is intended only for general market awareness and educational purposes.

Nothing in this article should be interpreted as a buy, sell, hold, entry or exit recommendation from TrendRipperX.

Grey Market Premium is an unofficial market indicator and may change rapidly. The actual listing price and subsequent market performance may differ significantly from the GMP indication.

Readers should conduct their own independent research and consult a SEBI-registered financial professional before making any investment decision.