Gaja Alternative Asset Management IPO Day 1 Subscription Status: Issue Subscribed 0.25x So Far

Mumbai, August 19: Gaja Alternative Asset Management IPO opened for subscription on Wednesday, with the ₹550 crore issue drawing bids across retail and non-institutional investor categories during the first day of bidding. The IPO will remain open until August 21, 2026.

The bookbuilding issue has a price band of ₹152 to ₹160 per share. Investors can bid for a minimum of 93 shares in one lot, putting the minimum retail investment at ₹14,880 at the upper end of the price band.

As of 11:19:16 AM on August 19, the issue had received bids for 60,99,914 shares against 2,40,62,500 shares offered to public investors. The overall subscription stood at 0.25 times.

Gaja Alternative Asset Management IPO Day 1 Subscription Status

Retail investors accounted for the largest share of bids among the public categories during the opening session. Their portion was subscribed 0.38 times, while the NII segment stood at 0.30 times.

The QIB portion, excluding the anchor allocation, had received 7,812 bids against 68,75,000 shares at the time of the update.

A total of 42,445 applications had been received by the time of the update. The retail category had attracted bids for 45,33,192 shares, compared with 1,20,31,250 shares reserved for retail investors.

The NII category received bids for 15,68,910 shares against its allocation of 51,56,250 shares.

Category-wise Gaja Alternative Asset Management IPO Subscription Status

Within the NII segment, the sNII portion recorded a subscription of 0.44 times, while the bNII portion stood at 0.24 times.

The IPO has an anchor investor allocation of 1,03,12,500 shares. The anchor portion is excluded from the public subscription calculation.

Gaja Alternative Asset Management Day-Wise Subscription Summary

The IPO started with an overall subscription of 0.25 times on Day 1. Retail investors were at 0.38 times, while the NII category was at 0.30 times in the latest available update.

Gaja Alternative Asset Management IPO Timeline

Brief Overview Of The IPO

Gaja Alternative Asset Management IPO has a total issue size of ₹550 crore. The issue combines a fresh issue of 2.81 crore shares, aggregating to ₹450 crore, with an offer for sale of 62.50 lakh shares worth ₹100 crore.

The company has fixed the price band at ₹152 to ₹160 per share. One lot consists of 93 shares. At the upper price of ₹160, a retail investor applying for one lot would need ₹14,880.

Of the total issue, 50% of the shares are reserved for QIBs, 15% for NIIs and 35% for retail investors. The QIB allocation includes 30% of the total issue reserved for anchor investors, with the remaining 20% available to QIBs excluding the anchor portion.

JM Financial Ltd. is the book running lead manager for the issue, while MUFG Intime India Pvt. Ltd. is the registrar.

The subscription window will remain open for two more days following the Day 1 update. Bidding is scheduled to close on August 21, with the basis of allotment expected on August 24. Refunds and credit of shares are scheduled for August 25, followed by the proposed listing on NSE and BSE on August 26, 2026.

Source:

• https://www.nseindia.com/market-data/issue-information?symbol=GAJA&series=EQ&type=Active