Gaja Alternative Asset Management Limited’s Initial Public Offer to open on Wednesday, August 19, 2026
FinTech BizNews Service
Mumbai, 12 August, 2026: Gaja Alternative Asset Management Limited (The “Company”), shall open the Bid/Offer in relation to its Initial Public Offer of Equity shares on Wednesday August 19, 2026.
The Price Band of the Offer has been fixed at Rs 152 to Rs 160 per Equity Share. (“Price Band”).
(L to R):: Khushal Shah, JM Financial; Imran Jafar, Executive Director - Gaja Alternative Asset Management; Gopal Jain , MD and EOr- Gaja Alternative Asset; Ranjit Jayant Shah, Executive Vice-Chairman, Gaja Alternative Asset; Prithvi Haldea – Director on the Board, Chairman CSR and IPO Committee and Member of the Risk Management Committee
The Anchor Investor Bidding Date shall be Tuesday, August 18, 2026. The Bid/Offer shall open on Wednesday August 19, 2026 and Bid /Offer shall close on Friday, August 21, 2026.
The total offer size of equity shares with face value of Rs5 each aggregating up to Rs 550 crore, comprises of a fresh issue of equity shares aggregating up to Rs 450 crore and an Offer for sale of equity shares aggregating up to Rs 100 crore .
The company proposes to utilize the net proceeds from the fresh issue by Investing towards balance Sponsor Commitment to the following constituent funds of Fund IV and for repayment of the Bridge Loan Amount: (i) Gaja Capital India Fund 2020 LLP; (ii) Gaja Capital India Fund 2021 (formerly known as Gaja Capital India Fund 2020); and (iii) Bridge Loan Amount. Investing towards its Sponsor Commitment to the proposed Fund V; and investing towards its Sponsor Commitment to the Secondaries Fund and general corporate purposes.
The Equity Shares to be offered through this Red Herring Prospectus are proposed to be listed on the BSE Limited (“BSE”) and National Stock Exchange of India Limited (“NSE” and together with BSE, the “Stock Exchanges”). For the purposes of the Offer, NSE is the Designated Stock Exchange.
JM Financial Limited and IIFL Capital Services Limited (formerly known as IIFL Securities Limited) are the book running lead managers to the issue.
Gaja Capital partners with entrepreneurs to build leading businesses in India's mid-market. With its extensive experience, Gaja Capital has developed a differentiated alpha-oriented strategy focused on high-growth sectors such as digital technology, consumer, financial services and education.
Incorporated in 1999, the firm is led by a group of experienced professionals with established track record in alternative asset management in India. A mix of investing and operational experience enables the company to deliver tangible value beyond capital to our partner entrepreneurs.
