Gaja Alternative Asset Management IPO To Open on Aug 19; Price Band Fixed at Rs 152–160

New Delhi: Gaja Alternative Asset Management Ltd, which operates under the Gaja Capital brand, on Thursday fixed a price band of Rs 152-160 per equity share for its upcoming Rs 550-crore Initial Public Offering (IPO).

At the upper price band, the company will have a market capitalisation of around Rs 2,256 crore.

The company’s IPO will open for public subscription on August 19 and close on August 21, while bidding by anchor investors will take place on August 18, according to a public announcement.

The public issue comprises a fresh issue of equity shares aggregating up to Rs 450 crore and an Offer For Sale (OFS) of shares worth up to Rs 100 crore.

The company has trimmed the IPO size to Rs 550 crore from the earlier proposed issue of a little over Rs 656 crore.

Funds raised through the fresh issues would be utilised for payment of debt, seed new funds and general corporate purposes.

Founded in 2004, Gaja Capital is one of India’s leading private equity and alternative asset management firms, focused on providing growth capital to entrepreneurs. The firm has invested across key sectors such as education, consumer, and financial services.

In January 2025, the company transitioned from a private limited company to a public limited company and was renamed Gaja Alternative Asset Management Ltd.

Gaja has built a strong investment portfolio over the years, with investments in companies such as Teamlease, Lighthouse Learning, RBL Bank, John Distilleries, Xpressbees, Ei, Leadsquared, and Signzy.

Of the total offer, 50 per cent has been reserved for Qualified Institutional Buyers (QIBs), 15 per cent for Non-Institutional Investors (NIIs) and 35 per cent for retail investors.

The equity shares are proposed to be listed on both the BSE and NSE on August 26.

JM Financial and IIFL Capital Services Ltd are the book-running lead managers to the issue, while MUFG Intime India Pvt Ltd is the registrar.

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