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Gaja Alternative Asset Management IPO GMP Today: Date, Price, and Listing Date

Gaja Alternative Asset Management IPO opens on August 19 with a ₹550 crore issue. Check the latest GMP, price band, allotment date, lot size and expected listing date.

Revati Krishna
Published: 19 Aug 2026, 10:30 AM IST (2 hours ago)
Last Updated: 19 Aug 2026, 10:56 AM IST (1 hour ago)
3 min read
Quick Summary

Gaja Alternative Asset Management IPO GMP: The ₹550 crore IPO will open for subscription from 19 August to 21 August 2026. Gaja Alternative Asset Management's allotment is expected on 24 August, and the shares are likely to be listed on BSE and NSE on 26 August 2026. The price band for the Gaja Alternative Asset Management IPO has been fixed between ₹152 and ₹160 per share.

Gaja Alternative Asset Management IPO: Gaja Alternative Asset Management is an independent alternative asset management company with more than two decades of experience in managing and advising India-focused funds. 

The company is launching a ₹550 crore IPO, comprising a fresh issue of ₹450 crore and an Offer for Sale of ₹100 crore. Here are the key details investors should know about the upcoming IPO.

Gaja Alternative Asset Management IPO Details

Here are the important dates and IPO details investors should know before applying.

  • Gaja Alternative Asset Management IPO is worth ₹550 crore and consists of a fresh issue of 2.81 crore shares aggregating to ₹450 crore and an Offer for Sale of 0.63 crore shares aggregating to ₹100 crore.

  • Gaja Alternative Asset Management IPO will open for subscription on 19 August 2026 and close on 21 August 2026. The price band has been fixed between ₹152 and ₹160 per share.

  • The IPO allotment is expected on 24 August 2026, and the shares are likely to be listed on BSE and NSE on 26 August 2026.

  • The promoter and promoter group held 71.03% before the IPO, their post-IPO holding is expected to decline to 54.23% after the issue. 

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

Parameter

Detail

IPO Open Date

19 August 2026

IPO Close Date

21 August 2026

Expected Allotment Date

24 August 2026

Expected Listing Date

26 August 2026 (BSE & NSE)

Price Band

₹152 - ₹160 per share

Lot Size

93 shares

Minimum Investment

₹14,880

Fresh Issue

₹450 crore

Offer for Sale (OFS)

₹100 crore

Total Issue Size

₹550 crore

Gaja Alternative Asset Management IPO GMP Today

Gaja Alternative Asset Management IPO GMP stands at ₹5 as of 18 August 2026, indicating an estimated listing gain of around 3.12% over the upper price band of ₹160.

The Grey Market Premium (GMP) changes based on investor sentiment and demand for the IPO. GMP figures are provided for informational purposes only. We do not recommend trading in the grey market.

Investors should note that Grey Market Premium (GMP) is unofficial and is not regulated by SEBI. It reflects informal market sentiment and should not be considered a reliable indicator of listing performance or future returns.

About Gaja Alternative Asset Management IPO

Gaja Alternative Asset Management was incorporated in April 1999 and is an independent, home-grown alternative asset management company with more than two decades of experience.

The company manages and advises India-focused funds, including Category I and Category II Alternative Investment Funds (AIFs), as well as offshore funds investing in India.

Gaja Alternative Asset Management focuses on alternative investments across sectors such as education, energy and environment, financial services, consumer and digital technology. Its investment strategy focuses primarily on the mid-market segment.

The company has built its track record through multiple fund cycles, with Gaja Capital Funds comprising Fund II, Fund III and Fund IV. It also has long-standing relationships with investors across more than 20 countries.

The company generates income through management fees, carried interest and gains from sponsor commitments. Its investment approach involves working closely with portfolio companies across areas such as product, sales, human resources and financial management.

Gaja Alternative Asset Management IPO Reservation

For the Gaja Alternative Asset Management IPO, the allocation has been divided among Qualified Institutional Buyers (QIBs), Non-Institutional Investors (NIIs), and Retail Individual Investors (RIIs).

Investor Category

Shares Offered

QIB Investors

Not more than 50% of the Net Offer

Retail Investors

Not less than 35% of the Net Offer

NII (HNI) Investors

Not less than 15% of the Net Offer

READ THIS ALSO: Sunshine Pictures IPO GMP Today

Gaja Alternative Asset Management IPO Lot Size

Retail investors can apply for a minimum of 1 lot, comprising 93 shares, requiring an investment of ₹14,880 at the upper price band of ₹160. The maximum retail application is 13 lots.

Application

Lots

Shares

Amount (₹)

Retail (Min)

1

93

₹14,880

Retail (Max)

13

1,209

₹1,93,440

S-HNI (Min)

14

1,302

₹2,08,320

S-HNI (Max)

67

6,231

₹9,96,960

B-HNI (Min)

68

6,324

₹10,11,840

Gaja Alternative Asset Management IPO Financial Performance

Gaja Alternative Asset Management reported strong financial growth during FY26. Here are the important financial details:

Period Ended

31 Mar 2026

31 Mar 2025

31 Mar 2024

Total Income (₹ Cr)

157.80

123.31

103.96

EBITDA (₹ Cr)

72.05 

60.81

49.25

PAT (₹ Cr)

81.96 

61.95 

44.74 

PAT Margin (%)

51.94

50.24

43.04

ROE (%)

16.47

17.19

14.45

Debt to Equity

0.07

0.01

0.01

Source: RHP

Conclusion

Gaja Alternative Asset Management IPO is a ₹550 crore book-built issue comprising a ₹450 crore fresh issue and a ₹100 crore Offer for Sale. The company has more than two decades of experience in alternative asset management and focuses on India-focused funds across sectors such as financial services, consumer, digital technology, education, energy and environment.

The company reported strong financial growth in FY26, with total income rising to ₹157.80 crore and PAT increasing to ₹81.96 crore. Its PAT margin stood at 51.94%, while ROE and RoNW stood at 16.47% and 13.13%, respectively.

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