Gaja Alternative Asset Management IPO
Gaja Alternative Asset Management IPO Details
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Open Date
19 Aug 2026
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Close Date
21 Aug 2026
- IPO Price Range
₹ 152 to ₹160
- IPO Size
₹ 550 Cr
Gaja Alternative Asset Management IPO Timeline
Last Updated: 17 August 2026 4:25 PM by 5paisa
Gaja Alternative Asset Management Limited is an independent Indian alternative asset manager focused on mid-market investments across education, energy, financial services, consumer and digital technology. With over two decades of experience, it manages and advises domestic and offshore funds. Its income comprises management fees, carried interest and sponsor investment gains. Gaja follows an invest-and-collaborate approach, actively supporting portfolio companies across key business functions.
Established in: 1999
Managing Director: Mr. Gopal Jain
Peers:
| Metric | Gaja Alternative Asset Management Limited |
360 One WAM Limited |
Aditya Birla Sun Life AMC Limited |
Anand Rathi Wealth Limited |
|---|---|---|---|---|
|
Revenue from operations |
1355.31 | 43616.20 | 18450.30 | 11488.25 |
| Face Value | 5 | 1 | 5 | 5 |
|
Closing price on August 11, 2026 |
NA | 1168 | 1019.70 | 2158 |
| EPS Basic | 7.17 | 30.16 | 33.76 | 47.87 |
| EPS Diluted | 7.17 | 29.19 | 33.68 | 47.17 |
| NAV | 53.73 | 242.17 | 139.94 | 120.23 |
| P/E | NA | 40.01 | 30.28 | 91.50 |
| RoNW(%) | 13.13 | 12.37 | 24.13 | 39.64 |
Gaja Alternative Asset Management Objectives
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
2. General Corporate Purposes
Gaja Alternative Asset Management IPO Size
| Types | Size |
|---|---|
| Total IPO Size | ₹550Cr |
| Offer For Sale | ₹100 Cr |
| Fresh Issue | ₹450Cr |
Gaja Alternative Asset Management IPO Lot Size
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 93 | ₹14,136 |
| Retail (Max) | 13 | 1,209 | ₹1,93,440 |
| S-HNI (Min) | 14 | 1,302 | ₹1,97,904 |
| S-HNI (Max) | 67 | 6,231 | ₹9,96,960 |
| B-HNI (Min) | 68 | 6,324 | ₹9,61,248 |
| Particulars (In ₹ Crores) | FY24 | FY25 | FY26 |
| Revenue | 95.64 | 121.10 | 135.53 |
| EBITDA | 49.25 | 60.81 | 72.05 |
| PAT | 44.74 | 61.95 | 81.96 |
| Particulars (In ₹ Crores) | FY24 | FY25 | FY26 |
| Total Assets | 388.60 | 451.87 | 706.49 |
| Share Capital | 0.02 | 0.02 | 56.44 |
| Total Liabilities | 54.64 | 58.41 | 93.14 |
| Particulars (In ₹Crores.) | FY24 | FY25 | FY26 |
| Net Cash Generated From / (used in) Operating Activities | 20.89 | -8.75 | -14.98 |
| Net Cash Generated From / (used in) Investing Activities | -6.19 | 14.20 | -108.73 |
| Net Cash Generated From / (used in) Financing Activities | -5.59 | -6.76 | 151.62 |
| Net Increase (Decrease) in Cash and Cash Equivalents | 9.12 | -1.32 | 27.91 |
Strengths
1. Over two decades of alternative investment experience
2. Proven track record across multiple fund cycles
3. Diversified global investor base across multiple countries
4. Active collaboration supports portfolio company value creation
Weaknesses
1. Income significantly depends on underlying fund performance
2. Carried interest timing creates cash flow volatility
3. Dependence on promoters and senior management personnel
4. Limited partners concentration increases fundraising dependency risks
Opportunities
1. Growing Indian alternative investment management industry prospects
2. Mid-market segment offers significant investment growth potential
3. New fund strategies could diversify revenue streams
4. Expanding alternative investments creates fundraising growth opportunities
Threats
1. Regulatory changes may affect fund management operations
2. Market volatility could impact portfolio asset valuations
3. Economic downturns may constrain profitable investment exits
4. Competition could pressure fundraising and investment opportunities
1. Over two decades of alternative investment experience
2. Established track record across multiple fund cycles
3. Diversified exposure across several growth-oriented Indian sectors
4. Global investor relationships support future fundraising potential
India’s alternative investment industry is expanding, supported by rising participation from institutional and high-net-worth investors seeking diversified investment opportunities. AIF commitments reached approximately ₹16.94 trillion by March 2026, with Category II AIFs accounting for a significant share. Gaja Alternative Asset Management operates within this evolving landscape, focusing on mid-market businesses across multiple sectors, positioning it to participate in India’s expanding private capital and alternative investment ecosystem.
- Companies
- Type
- Opening On
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Shankesh Jewellers
- Mainboard
- 18th Aug
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Sunshine Pictures
- Mainboard
- 18th Aug
- Pre-Book
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FAQs
Gaja Alternative Asset Management opens from August 19, 2026 to August 21, 2026.
The size of Gaja Alternative Asset Management is ₹550 Cr.
The price band of Gaja Alternative Asset Management IPO is fixed at ₹152 to ₹160.
Once the Gaja Alternative Asset Management IPO is officially open, one can simply follow the process to apply for the IPO:
To apply for Gaja Alternative Asset Management IPO, follow the steps given below:
● Login to your 5paisa account and select the issue in the current IPO section
● Enter the number of lots and the price at which you wish to apply for the Gaja Alternative Asset Management IPO
● Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange
You will receive a mandate notification to block funds in your UPI app.
The minimum lot size of Gaja Alternative Asset Management is of 93 shares and the investment required is ₹14,136.
The share allotment date of Gaja Alternative Asset Management IPO is August 24, 2026
The Gaja Alternative Asset Management IPO will likely be listed on August 26, 2026.
JM Financial Ltd is the book running lead managers for Gaja Alternative Asset Management IPO.
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
2. General Corporate Purposes