Gaja Alternative Asset Management IPO Subscribed 32.98 Times on Final Day
Last Updated: 24th August 2026 - 10:03 am
Gaja Alternative Asset Management IPO was subscribed 32.98 times by 5:24 PM on Day 3, August 21, 2026. The public issue received bids for 79,35,34,218 shares against 2,40,62,500 shares available for subscription. The Non-Institutional Investors (NIIs) category recorded the highest subscription at 65.63 times, followed by Qualified Institutional Buyers (QIBs) at 45.87 times. Retail Individual Investors subscribed 11.61 times.
Subscription Status of Gaja Alternative Asset Management IPO
| Date | QIB | NII | Retail | Total |
|---|---|---|---|---|
| Day 1 (August 19) | 0.10 | 1.12 | 1.27 | 0.90 |
| Day 2 (August 20) | 0.10 | 4.14 | 3.30 | 2.56 |
| Day 3 (August 21) | 45.87 | 65.63 | 11.61 | 32.98 |
Here are the subscription details for Gaja Alternative Asset Management IPO Day 3, as of 5:24 PM:
| Investor Category | Subscription (times) | Shares Offered | Shares bid for | Total |
|---|---|---|---|---|
| Anchor | 1 | 1,03,12,500 | 1,03,12,500 | 165.00 |
| QIB | 45.87 | 68,75,000 | 31,53,82,716 | 5,046.12 |
| NII | 65.63 | 51,56,250 | 33,84,15,375 | 5,414.65 |
| Retail | 11.61 | 1,20,31,250 | 13,97,36,127 | 2,235.78 |
| Total | 32.98 | 2,40,62,500 |
79,35,34,218 |
12,696.55 |
Key Highlights – Day 3
- Overall subscription stood at 32.98 times on Day 3 (August 21, 2026).
- Qualified Institutional Buyers (QIBs) subscribed 45.87 times.
- Non-Institutional Investors (NIIs) subscribed 65.63 times, recording the highest subscription among investor categories.
- Retail Individual Investors subscribed 11.61 times.
Key Highlights – Day 2
- Overall subscription stood at 2.56 times on Day 2 (August 20, 2026).
- Qualified Institutional Buyers (QIBs) subscribed 0.10 times.
- Non-Institutional Investors (NIIs) subscribed 4.14 times, recording the highest subscription.
- Retail Individual Investors subscribed 3.30 times.
Key Highlights – Day 1
- Overall subscription stood at 0.90 times on Day 1 (August 19, 2026).
- Qualified Institutional Buyers (QIBs) subscribed 0.10 times.
- Non-Institutional Investors (NIIs) subscribed 1.12 times.
- Retail Individual Investors subscribed 1.27 times, recording the highest subscription among investor categories.
About Gaja Alternative Asset Management Limited
Incorporated in April 1999, Gaja Alternative Asset Management Limited is an independent, home-grown alternative asset management company with over two decades of experience in managing and advising India-focused funds, including Category I and Category II AIFs, as well as offshore funds investing in India. The Company focuses on alternative investments across sectors such as education, energy and environment, financial services, consumer and digital technology, with a differentiated investment approach focused on the mid-market segment.
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