Gaja Alternative IPO Details
| IPO Open Date | 2026 |
| IPO Close Date | 2026 |
| Face Value | ā¹5 Per Equity Share |
| IPO Price Band | ā¹[.] to ā¹[.] Per Share |
| Issue Size | Approx ā¹656 Crores |
| Fresh Issue | Approx ā¹549 Crores |
| Offer for Sale: | Approx [.] Equity Shares |
| Issue Type | Book build Issue |
| IPO Listing | BSE, NSE |
| DRHP Draft Prospectus |  |
| RHP Draft Prospectus | |
Gaja Alternative IPO Review & Key Points
- Review:
Gaja Alternative Asset Management IPO Market Lot
The Gaja Alternative IPO minimum market lot is [.] shares with ā¹[.] application amount. The retail investors can apply up-to 13 lots with [.] shares of ā¹[.] amount.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | – | – | ā¹- |
| Retail Maximum | – | – | ā¹- |
| S-HNI Minimum | – | – | ā¹- |
| S-HNI Maximum | – | – | ā¹- |
| B-HNI Minimum | – | – | ā¹- |
IPO Reservation
| Investor Category | Share Offered | -% Shares |
| Anchor Investor | – Shares | -% |
| QIB (Ex. Anchor) | – Shares | 50% |
| NII Shares Offered | – Shares | 15% |
| Retail Shares Offered | – Shares | 35% |
Gaja Alternative Asset Management IPO Anchor Investors
| Anchor Bidding Date | 2026 |
| Anchor Investors List | |
| Shares Offered | [.] Shares |
| Anchor Size | [.] Cr. |
| lock-in period end date 50% shares (30 Days) | 2026 |
| lock-in period end date 50% shares (90 Days) | 2026 |
Gaja Alternative Asset Management IPO Dates
The Gaja Alternative Asset Management IPO date is 2026 and the close date is 2026. The Gaja Alternative IPO allotment will be finalized on 2026 and the IPO listing on 2026.
| IPO Open Date: | 2026 |
| IPO Close Date: | 2026 |
| Basis of Allotment: | 2026 |
| Refunds: | 2026 |
| Credit to Demat Account: | 2026 |
| IPO Listing Date: | 2026 |
| IPO Bidding Cut-off Time: | 2026 – 5 PM |
Promoters and Holding Pattern
The promoters of the company are Mr. Gopal Jain, Mr. Ranjit Jayant Shah, Mr. Imran Jafar, Ms. Chitra Jain And Ms. Mona Ranjit Shah.
| Particular | Shares | % Share |
| Promoter Holding Pre Issue | 11,28,85,230 | -% |
| Promoter Holding Post Issue | – | -% |
Objects of the Issue & Utilisation of proceeds
| Purpose | Crores |
| Investing towards our Sponsor Commitments to certain existing funds, new funds and for repayment of the Bridge Loan Amount as follows: | ā¹387.00 |
| (a) investing towards our balance Sponsor Commitment to the following constituent funds of Fund IV and Bridge Loan Amount (i) Gaja Capital India Fund 2020 LLP; (ii) Gaja Capital India Fund 2020; and (iii) Bridge Loan Amount# | ā¹- |
| (b) investing towards our Sponsor Commitment to the proposed Fund V; and | ā¹- |
| (c) investing towards our Sponsor Commitment to the Secondaries Fund | ā¹- |
| Pre-payment/re-payment of, in part or full, certain outstanding borrowings of our Company; and | ā¹24.91 |
| General corporate purposes. | ā¹- |
About Gaja Alternative Asset Management IPO
Gaja Alternative Asset Management, founded in 2004, is one of the growing alternative management companies with over 20 years of experience. They are an experienced, independent, and home-grown alternative asset management company (āAMCā) that operates under the brand name āGaja Capitalā. The company manages 2 types of alternative investment funds (Category I and II). Moreover, the firm also helps foreign investors who invest in Indian companies.
As an independent, home-grown brand, the company runs its business itself with no control by any big organization. Its main income comes from 3 sources: management fees, carried interest, and returns from the money invested as a sponsor. Financially, the company has stayed profitable with profit growing immensely between FY2023 and FY2025.
Gaja Alternative Asset Management IPO Company Financial Report
Amount ā¹ in Crores
| Period Ended | Revenue | Expense | PAT | Assets |
| 2023 | ā¹113.63 | ā¹55.66 | ā¹62.09 | ā¹339.82 |
| 2024 | ā¹103.96 | ā¹48.98 | ā¹61.95 | ā¹388.60 |
| 2025 | ā¹123.31 | ā¹64.47 | ā¹44.74 | ā¹451.87 |
| Sep 2025 | ā¹110.38 | ā¹41.64 | ā¹41.26 | ā¹677.09 |
Gaja Alternative Asset Management IPO Valuation – FY2025
Check Gaja Alternative Asset Management IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| KPI | Values |
| ROE: | 17.19% |
| ROCE: | -% |
| EBITDA Margin: | -% |
| PAT Margin: | 50.24% |
| Debt to equity ratio: | 0.01 |
| Earning Per Share (EPS): | ā¹5.71 (Basic) |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 15.31% |
| Net Asset Value (NAV): | ā¹37.33 |
Peer Group Comparison
| Company | EPS | PE Ratio | RoNW (%) | NAV | Income |
| 360 One WAM Limited | 27.14 | 44.59 | 14.37 | 179.74 | 3295.09 Cr. |
| Aditya Birla Sun Life AMC Limited | 32.26 | 22.6 | 24.97 | 129.19 | 1684.78 Cr. |
| Anand Rathi Wealth Limited | 36.17 | 80.86 | 44.49 | 81.18 | 939.10 Cr. |
| HDFC Asset Management Company Limited | 115.16 | 45.3 | 30.26 | 380.27 | 3498.44 Cr. |
| Nippon Life India Asset Management Limited | 20.34 | 41.83 | 30.53 | 66.38 | 2230.69 Cr. |
| Nuvama Wealth Management Limited | 276.66 | 27.07 | 28.26 | 970.18 | 4158.27 Cr. |
| UTI Asset Management Company Limited | 57.35 | 20.12 | 15.9 | 359.37 | 1851.09 Cr. |
IPO Lead Managers aka Merchant Bankers
- JM Financial Ltd.
- IIFL Capital Services Ltd.
Company Address
Gaja Alternative Asset Management Ltd.
302, 3rd Floor, Kanchenjunga Building,
18, Barakhamba Road,
Connaught Place, Central Delhi,
New Delhi, New Delhi, 110001
Phone: +91 91368 89894
Email: [email protected]
Website: http://www.gajacapital.com/
IPO Registrar
MUFG Intime India Pvt. Ltd.
Phone: +91-22-4918 6270
Email: [email protected]
Website: https://in.mpms.mufg.com/Initial_Offer/public-issues.html
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Note: The Gaja Alternative Asset Management IPO price band and date are officially announced. The (Gaja Alternative Asset Management IPO grey market premium) will be added to the IPO GMP page as it will start).
