Gaja Alternative Asset Management Ltd. logo

Gaja Alternative Asset Management Ltd.

IPO
MainboardBSE, NSEAsset Management Company
Opens
19 Aug 2026
Closes
21 Aug 2026
Listing
26 Aug 2026
Issue Size
₹550 Cr
Price Band
₹152₹160

Issue 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

#DescriptionAmount (₹ Cr)
1Investing 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
2General Corporate Purposes₹44.25
3Issue 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.

CompanyEPS BasicEPS DilutedNAVP/E(x)RoNWFinancial statements
Gaja Alternative Asset Management Limited7.177.1753.7313.13Consolidated
360 One Wam Limited30.1629.19242.1740.0112.37Consolidated
Aditya Birla Sun Life Amc Limited33.7633.68139.9430.2824.13Consolidated
Anand Rathi Wealth Limited47.8747.17120.2391.539.64Consolidated
Hdfc Asset Management Company Limited66.7766.5215.4237.8230.97Consolidated
Icici Prudential Asset Management Company Ltd66.7366.7384.3945.3879.07Consolidated
Nippon Life India Asset Management Ltd24.0523.6373.0149.5732.83Consolidated
Nuvama Wealth Management Ltd57.5956.06226.3730.4425.26Consolidated
Sbi Funds Management Ltd15.0815.0429.2837.851.44Consolidated
Uti Asset Management Company Ltd31.5131.41350.528.848.97Consolidated

Gaja Alternative Asset Management Ltd. - Documents & Links

Registrar

MUFG Intime India Pvt.Ltd.

Contact: 022-49186000

gajaalternative.ipo@in.mpms.mufg.comWebsite

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/

Lead managers

JM Financial Ltd.IIFL Capital Services Ltd.