
Gaja Alternative Asset Management Ltd.
IPOIssue Details
Issue Size
₹550 Cr
Fresh Issue
– Cr
OFS
– Cr
Price Band
₹152 – ₹160
Lot Size
93
₹14,880
Face Value
₹5
Important Dates
Open Date
19 Aug 2026
Close Date
21 Aug 2026
Allotment
24 Aug 2026
Refund
25 Aug 2026
Listing
26 Aug 2026
About Company
Gaja Alternative Asset Management Limited is an alternative investment management company focused on managing and advising private equity and alternative investment funds in India.
Operating under the "Gaja Capital" brand, the company has established itself as a recognized player in India's alternative asset management industry, with a focus on identifying and supporting high-growth businesses.
The company serves as the investment manager for India-focused funds, including Category I and Category II Alternative Investment Funds (AIFs). It also provides advisory services to offshore investment funds that deploy capital into Indian businesses.
Gaja Capital follows a diversified investment strategy, with exposure across multiple sectors such as education, financial services, consumer-focused businesses, and digital technology. Through its managed and advised funds, the company seeks to partner with businesses that demonstrate strong growth potential and long-term value creation opportunities.
As of September 30, 2025, the company had a workforce of 38 employees, comprising both permanent and contractual personnel.
Key Competitive Advantages
Established alternative asset management platform with a differentiated approach centered on enhancing enterprise value.
Strong track record of generating consistent investment performance across the Gaja Capital fund portfolio.
Well-positioned to benefit from the expanding alternative investment landscape in India, offering significant growth opportunities.
Collaborative investment philosophy focused on actively supporting and creating value within portfolio companies.
Alignment of interests with investors through meaningful participation and commitment to the funds managed by the company.
Objects of the Issue
| # | Description | Amount (₹ Cr) |
|---|---|---|
| 1 | Investing towards Sponsor Commitments to certain existing funds, new funds and for repayment of the Bridge Loan Amount as follows: (a) investing towards 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 (iii) Bridge Loan Amount (b) investing towards Sponsor Commitment to the proposed Fund V (c) investing towards Sponsor Commitment to the Secondaries Fund | ₹372 |
| 2 | General Corporate Purposes | ₹44.25 |
| 3 | Issue Expenses | ₹42.6 |
Financial Performance
Share Reservations
QIB
68,75,000
Anchor
1,03,12,500
NII
51,56,250
Retail
1,20,31,250
Employee
0
Total
3,43,75,000
Gaja Alternative Asset Management Ltd. IPO Peer Comparison
The table below shows peer comparison from DRHP/RHP.
| Company | EPS Basic | EPS Diluted | NAV | P/E(x) | RoNW | Financial statements |
|---|---|---|---|---|---|---|
| Gaja Alternative Asset Management Limited | 7.17 | 7.17 | 53.73 | – | 13.13 | Consolidated |
| 360 One Wam Limited | 30.16 | 29.19 | 242.17 | 40.01 | 12.37 | Consolidated |
| Aditya Birla Sun Life Amc Limited | 33.76 | 33.68 | 139.94 | 30.28 | 24.13 | Consolidated |
| Anand Rathi Wealth Limited | 47.87 | 47.17 | 120.23 | 91.5 | 39.64 | Consolidated |
| Hdfc Asset Management Company Limited | 66.77 | 66.5 | 215.42 | 37.82 | 30.97 | Consolidated |
| Icici Prudential Asset Management Company Ltd | 66.73 | 66.73 | 84.39 | 45.38 | 79.07 | Consolidated |
| Nippon Life India Asset Management Ltd | 24.05 | 23.63 | 73.01 | 49.57 | 32.83 | Consolidated |
| Nuvama Wealth Management Ltd | 57.59 | 56.06 | 226.37 | 30.44 | 25.26 | Consolidated |
| Sbi Funds Management Ltd | 15.08 | 15.04 | 29.28 | 37.8 | 51.44 | Consolidated |
| Uti Asset Management Company Ltd | 31.51 | 31.41 | 350.5 | 28.84 | 8.97 | Consolidated |
Gaja Alternative Asset Management Ltd. - Documents & Links
Registrar
Company contact
Gaja Alternative Asset Management Ltd.
Address: 302, 3rd Floor, Kanchenjunga Building, 18, Barakhamba Road, Connaught Place, Central Delhi, New Delhi
compliance@gajacapital.comhttps://www.gajacapital.com/