Gaja Alternative Asset Management IPO Details Details

Gaja Alternative Asset Management IPO is a book-built issue worth ₹550 crore, comprising a fresh issue of 2.81 crore shares aggregating to ₹450 crore and an Offer for Sale (OFS) of 0.63 crore shares worth ₹100 crore. The IPO will open for subscription on August 19, 2026, and close on August 21, 2026. The basis of allotment is expected to be finalized on August 24, 2026, while the shares are tentatively scheduled to list on both BSE and NSE on August 26, 2026. The company has fixed the price band at ₹152–₹160 per share. The minimum application size for retail investors is 93 shares, requiring an investment of ₹14,880 at the upper price band of ₹160 per share. JM Financial Ltd. is the Book Running Lead Manager (BRLM) to the issue, while MUFG Intime India Pvt. Ltd. is the registrar.

IPO Details

IPO Date 19 Aug 26
Listing Date 26 Aug 26
Face Value ₹5 per share
Price Band ₹152 to ₹160
Lot Size 93
Sale Type Fresh capital cum OFS
Issue Type Bookbuilding IPO
Listing At NSE, BSE
Total Issue Size ₹550 Cr
Fresh Issue
₹450 Cr
Offer for Sale
Share Holding Pre Issue 11,28,85,230 shares
Share Holding Post Issue 14,10,10,230 shares

IPO DRHP Status

Description Details

IPO Reservation

Investor Category Shares Offered
QIB Shares Offered Not more than 50% of the Net Offer
Retail Shares Offered Not less than 35% of the Net Offer
NII Shares Offered Not less than 15% of the Net Offer

About Gaja Alternative Asset Management IPO Details.


Incorporated in April 1999, Gaja Alternative Asset Management Limited is an independent, home-grown alternative asset management company with more than two decades of experience in managing and advising India-focused investment funds. Its portfolio includes Category I and Category II Alternative Investment Funds (AIFs) as well as offshore funds investing in India. The company follows a differentiated mid-market investment strategy, targeting opportunities across sectors such as education, energy & environment, financial services, consumer businesses, and digital technology. Over the years, Gaja Alternative Asset Management has established a strong track record across multiple investment cycles. Its Gaja Capital Funds — Fund II, Fund III and Fund IV — are backed by long-standing relationships with investors across more than 20 countries. As of March 31, 2026, the company had committed approximately ₹274 crore as Sponsor Commitment, representing 6.41% of the aggregate size of the Gaja Capital Funds. This significant commitment helps align the company’s interests with those of its investors. The company earns revenue primarily through management fees, carried interest, and gains from its sponsor commitments, allowing it to participate in the economic value created by the funds it manages and advises. A key element of its strategy is its “invest-and-collaborate” approach, under which Gaja Capital works closely with portfolio companies to support growth and operational improvement across areas such as product development, sales, human resources, and financial management. As of March 31, 2026, Gaja Alternative Asset Management had a team of 37 personnel, comprising 23 permanent employees and 14 contractual professionals. Key Strengths 20+ years of experience in India’s alternative asset management industry. Established track record across multiple Gaja Capital fund cycles. Strong positioning in India’s growing alternative investment market. Differentiated mid-market investment strategy across multiple high-growth sectors. Invest-and-collaborate model focused on creating long-term value in portfolio companies. Strong alignment with investors through a substantial Sponsor Commitment of approximately ₹274 crore. Experienced promoters and management team with deep investment and industry expertise. Long-standing relationships with a diversified investor base across more than 20 countries. Multiple revenue streams through management fees, carried interest and sponsor investment gains. Strong financial growth and balance sheet, supporting the company’s future expansion.

Company Financials (Restated)

Period Ended 31 Mar 2026 31 Mar 2025 31 Mar 2024
Assets 706.49 451.87 388.60
Total Income 157.80 123.31 103.96
Profit After Tax 81.96 61.95 44.74
EBITDA - - -
Net Worth 606.52 388.97 331.88
Amount in ₹ Crore

IPO Objects of the Issue

The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:

# Issue Objects Est Amt (₹ Cr.)
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 372.00
2 General Corporate Purposes 0.00

Key Performance Indicator (KPI)

KPI Mar 31, 2026 Mar 31, 2025
ROE 16.47%% 17.19%%
ROCE -% -%
Debt/Equity - -
RoNW 13.13%% 15.31%%
PAT Margin 51.94%% 50.24%%
EBITDA Margin -% -%

Key Performance Indicator (KPI)

Pre IPO Post IPO
EPS Rs 7.26 5.81
The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2026 available in RHP. The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of March 31, 2026 available in RHP.

IPO Registrar

  • MUFG Intime India Pvt.Ltd.
  • 022-49186000
  • gajaalternative.ipo@in.mpms.mufg.com
  • Visit Website

IPO Lead Manager(s)

Contact Details

Gaja Alternative Asset Management Ltd. Address
302, 3rd Floor, Kanchenjunga Building, 18, Barakhamba Road, Connaught Place, Central Delhi, New Delhi, New Delhi, 110001

IPO FAQs

  • What is the Aureate Tradde IPO?

    Aureate Tradde IPO is a SME IPO of 38,98,000 equity shares of the face value of ₹10 aggregating up to ₹[.] Crores. The issue is priced at To be declared. The minimum order quantity is . The Aureate Tradde IPO open and close dates are not available as of now. MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.

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