Gaja Alternative IPO Details
Gaja Alternative IPO Review & Key Points
- Review:
Gaja Alternative Asset Management IPO Market Lot
The Gaja Alternative IPO minimum market lot is 93 shares with ā¹14,880 application amount. The retail investors can apply up-to 13 lots with 1,209 shares of ā¹1,93,440Ā amount.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 93 | ā¹14,880 |
| Retail Maximum | 13 | 1,209 | ā¹1,93,440 |
| S-HNI Minimum | 14 | 1,302 | ā¹2,08,320 |
| S-HNI Maximum | 67 | 6,231 | ā¹9,96,960 |
| B-HNI Minimum | 68 | 6,324 | ā¹10,11,840 |
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 | August 18, 2026 |
| Anchor Investors List | |
| Shares Offered | [.] Shares |
| Anchor Size | [.] Cr. |
| lock-in period end date 50% shares (30 Days) | Sep 17, 2026 |
| lock-in period end date 50% shares (90 Days) | Nov 16, 2026 |
Gaja Alternative Asset Management IPO Dates
The Gaja Alternative Asset Management IPO date is August 19 and the close date is August 21. The Gaja Alternative IPO allotment will be finalized on August 24 and the IPO listing on August 26.
| IPO Open Date: | August 19, 2026 |
| IPO Close Date: | August 21, 2026 |
| Basis of Allotment: | August 24, 2026 |
| Refunds: | August 25, 2026 |
| Credit to Demat Account: | August 25, 2026 |
| IPO Listing Date: | August 26, 2026 |
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 | Pre IPO Shares | Pre IPO % Shares | Post IPO Shares | Post IPO % Shares |
| Promoter and Promoter Group | 80,179,559 | 71.03% | ā | 54.23% |
| Others* | 32,705,671 | 28.97% | ā | 45.77% |
| Total | 11,28,85,230 | 100% | 14,10,10,230 | 100% |
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: | ā¹372.00 |
| (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- |
| 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 |
| 2024 | ā¹103.96 | ā¹48.98 | ā¹44.74 | ā¹388.60 |
| 2025 | ā¹123.31 | ā¹64.47 | ā¹61.95 | ā¹451.87 |
| 2026 | ā¹157.80 | ā¹70.39 | ā¹81.96 | ā¹706.49 |
Gaja Alternative Asset Management IPO Valuation – FY2026
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: | 16.47% |
| ROCE: | -% |
| EBITDA Margin: | -% |
| PAT Margin: | 51.94% |
| Debt to equity ratio: | 0.07 |
| Earning Per Share (EPS): | ā¹7.17 (Basic) |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 13.13% |
| Net Asset Value (NAV): | ā¹53.73 |
Peer Group Comparison
| Company | EPS | PE Ratio | RoNW (%) | NAV | Income |
| 360 One WAM Limited | 30.16 | 40.01 | 12.37 | 242.17 | 4361.62 Cr. |
| Aditya Birla Sun Life AMC Limited | 33.76 | 30.28 | 24.13 | 139.94 | 1845.03 Cr. |
| Anand Rathi Wealth Limited | 47.87 | 91.50 | 39.64 | 120.23 | 1148.83 Cr. |
| HDFC Asset Management Company Limited | 66.77 | 37.82 | 30.97 | 215.42 | 4122.16 Cr. |
| ICICI Prudential Asset Management Company Limited | 66.73 | 45.38 | 79.07 | 84.39 | 5764.63 |
| Nippon Life India Asset Management Limited | 24.05 | 49.57 | 32.83 | 73.01 | 2708.74 Cr. |
| Nuvama Wealth Management Limited | 57.59 | 30.44 | 25.26 | 226.37 | 4630.69 Cr. |
| SBI Funds Management Limited | 15.08 | 37.80 | 51.44 | 29.28 | 4389.49 |
| UTI Asset Management Company Limited | 31.51 | 28.84 | 8.97 | 350.50 | 1698.05 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: compliance@gajacapital.com
Website: http://www.gajacapital.com/
IPO Registrar
MUFG Intime India Pvt. Ltd.
Phone: +91-22-4918 6270
Email: gajaalternative.ipo@in.mpms.mufg.com
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).



