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Finance · Listed on BSE , NSE · 19 Aug 2026 - 21 Aug 2026
Jagat JoshiGaja 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 (“AMC”) that operates under the brand name ‘Gaja Capital’. 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.
| Date & Time | GMP (₹) | Est. Listing Price | Est. Gain (%) | Est. Profit / Lot (₹) |
|---|---|---|---|---|
| 26-Aug-2026 12:00 AM | +₹18 | ₹178 | +11.25% | ₹1,674 |
| 25-Aug-2026 12:00 AM | +₹15 | ₹175 | +9.38% | ₹1,395 |
| 24-Aug-2026 12:00 AM | +₹17 | ₹177 | +10.63% | ₹1,581 |
| 22-Aug-2026 12:00 AM | +₹17 | ₹177 | +10.63% | ₹1,581 |
| 21-Aug-2026 12:00 AM | +₹12 | ₹172 | +7.50% | ₹1,116 |
| 20-Aug-2026 12:00 AM | +₹15 | ₹175 | +9.38% | ₹1,395 |
| 19-Aug-2026 12:00 AM | +₹30 | ₹190 | +18.75% | ₹2,790 |
| 18-Aug-2026 12:00 AM | +₹7 | ₹167 | +4.38% | ₹651 |
| 17-Aug-2026 12:00 AM | +₹10 | ₹170 | +6.25% | ₹930 |
| Category | Subscription (x) | Shares Offered | Shares bid for | Total Amount (₹ Cr) |
|---|---|---|---|---|
| Anchor | 1.00x | 1,03,12,500 | 1,03,12,500 | ₹165.00 Cr |
| QIB (Ex. Anchor) | 45.87x | 68,75,000 | 31,53,82,716 | ₹5,046.12 Cr |
| NII | 65.63x | 51,56,250 | 33,84,20,583 | ₹5,414.73 Cr |
| bNII > ₹10L | 76.03x | 34,37,500 | 26,13,36,138 | ₹4,181.38 Cr |
| sNII < ₹10L | 44.85x | 17,18,750 | 7,70,84,445 | ₹1,233.35 Cr |
| Retail | 11.62x | 1,20,31,250 | 13,97,47,287 | ₹2,235.96 Cr |
| Total | 23.39x | 3,43,75,000 | 80,38,63,086 | ₹12,861.81 Cr |
| Period Ended | 31 MAR 2026 | 31 MAR 2025 | 31 MAR 2024 |
|---|---|---|---|
| Total Income | 157.80 | 123.31 | 103.96 |
| Profit After Tax | 81.96 | 61.95 | 44.74 |
| EBITDA | 72.05 | 60.81 | 49.25 |
| NET Worth | 606.52 | 388.97 | 331.88 |
| Reserves and Surplus | 525.33 | 381.75 | 325.79 |
| Total Borrowing | 41.56 | 4.00 | 3.51 |
| Company Name | EPS (₹) | P/E (x) | NAV (₹) | RoNW (%) | Income (₹ Cr) |
|---|---|---|---|---|---|
| UTI Asset Management Company Limited | 31.51 | 28.84 | 350.50 | 8.97 | 1,698.05 |
| SBI Funds Management Limited | 15.08 | 37.80 | 29.28 | 51.44 | 4,389.49 |
| Nuvama Wealth Management Limited | 57.59 | 30.44 | 226.37 | 25.26 | 4,630.69 |
| Nippon Life India Asset Management Limited | 24.05 | 49.57 | 73.01 | 32.83 | 2,708.74 |
| ICICI Prudential Asset Management Company Limited | 66.73 | 45.38 | 84.39 | 79.07 | 5,764.63 |
| HDFC Asset Management Company Limited | 66.77 | 37.82 | 215.42 | 30.97 | 4,122.16 |
| Anand Rathi Wealth Limited | 47.87 | 91.50 | 120.23 | 39.64 | 1,148.83 |
| Aditya Birla Sun Life AMC Limited | 33.76 | 30.28 | 139.94 | 24.13 | 1,845.03 |
| 360 One WAM Limited | 30.16 | 40.01 | 242.17 | 12.37 | 4,361.62 |
Gopal Jain, Ranjit Jayant Shah, Imran Jafar, Chitra Jain and Mona Ranjit Shah. is the company's promoter of Gaja Alternative Asset Management.
| Particular | Pre IPO | Post IPO |
|---|---|---|
| Promoter and Promoter Group | 71.03% | 54.23% |
| Others* | 28.97% | 45.77% |
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