Gaja Alternative Asset Management Ltd IPO

Gaja Alternative Asset Management Ltd IPO

We are a well-established alternative asset management company, in terms of vintage, with 20 years of experience. We act as an investment manager to India focused funds, including category II and category I alternative investment funds (AIFs) and also act as advisors to offshore funds, which provide capital to companies in India. We are an experienced, independent and home-grown alternative asset management company (AMC). With over two decades of experience in alternative asset management, we have navigated various investment cycles across the funds managed and advised by us. As an independent alternative AMC, we are not sponsored or owned by any financial institution, corporate group, or global firm and our ownership structure is predominantly held by our leadership team. The home-grown character of our Company is rooted in the backgrounds of our Promoters and senior management, all of whom have developed their careers in India and are Indian citizens.

Gaja Alternative Asset Management Ltd IPO Details

Total Shares Offered

TBA

Offer to Public

TBA

Retail Max (Shares)

TBA

Pre Issue Promoters Holding

TBA

Exchange

BSE

Issue size

₹ 550 Cr

IPO Open Date

Aug 19, 2026

Close Date

Aug 21, 2026

Lot Size

93

Min Investment

₹ 14,136

Issue Type

Book Building

Listing Date

Aug 26, 2026

Gaja Alternative Asset Management Ltd IPO Dates

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Aug 19, 2026
Opening date
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Aug 21, 2026
Closing date
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Aug 24, 2026
Basis of Allotment
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Aug 25, 2026
Initiation of Refunds
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Aug 25, 2026
Credit of Shares
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Aug 26, 2026
Listing date

Details

SectorType
SectorFinance & Investments
Sub SectorNA
Issue TypeBook Building

Subscription Status

*Values are in Lakhs

Investor Type

QIB

NII

Retail

Employee

Total

Gaja Alternative Asset Management Ltd Financial Status

Income Statement

Particulars (In Rs. Crores)

Balance Sheet

Particulars (In Rs. Crores)
Particulars (in Rs. Crores)FY23FY22FY21
Revenue from operations95.6455.810.66
EBITDA21.9858.580.92
PAT10.8540.321.26
Total Assets28.3226.5736.20
Share Capital0.020.020.02
Total Borrowings12.2221.7315.70
Operating Activities (Net Cash)12.3541.911.52
Investing Activities (Net Cash)227.61220.5591.24
Financing Activities (Net Cash)12.2221.7315.70
Net Cashflow3.583.1015.23

About Gaja Alternative Asset Management Ltd

Our Company was incorporated on April 9, 1999 in New Delhi, India as `View Advisors Private Limited', a private limited company under the Companies Act, 1956 and was granted a certificate of incorporation by the Registrar of Companies, N.C.T. of Delhi and Haryana at New Delhi. Subsequently, pursuant to a special resolution passed by our Shareholders dated May 18, 2006, the name of our Company was changed to `Gaja Advisors Private Limited' and a fresh certificate of incorporation dated June 8, 2006 was issued by the Registrar of Companies, National Capital Territory of Delhi and Haryana at New Delhi. Thereafter, pursuant to a special resolution passed by our Shareholders dated May 25, 2022, the name of our Company was changed to `Gaja Alternative Asset Management Private Limited' and a fresh certificate of incorporation dated July 5, 2022 was issued by the Registrar of Companies, Delhi and Haryana at New Delhi. Our Company was then converted into a public limited company under the Companies Act pursuant to a special resolution adopted by our Shareholders on December 9, 2024, consequent to which, the name of our Company was changed to `Gaja Alternative Asset Management Limited' and a fresh certificate of incorporation was issued to our Company by the Registrar of Companies, Central Processing Centre on January 1, 2025.

Alternative investment products are among the fastest growing managed investment products in India and over the past few years alternative investment funds have become one of the key segments in private markets in India. Between Fiscals 2019 and 2025, alternative investment fund commitments have grown at a steady pace, registering approximately 30% CAGR, with a total commitment of ?13.49 trillion as of March 31, 2025. The AIF segment is expected to remain one of the fastest growing managed products categories over the next few years as more institutional investors, ultra-high net worth individuals and high net worth individuals seek out differentiated products that provide them an option to generate better returns on their investments. Looking ahead, the AUM for alternative investments in India is projected to grow substantially, with estimates suggesting a 31-33% increase between March 2025 and March 2030, potentially reaching ?53-56 trillion by 2030. This growth surpasses that of traditional asset classes such as mutual funds and deposits, underscoring the attractiveness of alternative investments in the Indian market.

We are a well-established alternative asset management company, in terms of vintage, with 20 years of experience. We act as an investment manager to India focused funds, including category II and category I alternative investment funds (AIFs) and also act as advisors to offshore funds, which provide capital to companies in India. We are an experienced, independent and home-grown alternative asset management company (AMC). With over two decades of experience in alternative asset management, we have navigated various investment cycles across the funds managed and advised by us. As an independent alternative AMC, we are not sponsored or owned by any financial institution, corporate group, or global firm and our ownership structure is predominantly held by our leadership team. The home-grown character of our Company is rooted in the backgrounds of our Promoters and senior management, all of whom have developed their careers in India and are Indian citizens.

Peer Comparison:

  • 360 One WAM Limited
  • Aditya Birla Sun Life AMC Limited
  • Anand Rathi Wealth Limited
  • HDFC Asset Management Company Limited
  • ICICI Prudential Asset Management Company Limited
  • Nippon Life India Asset Management Limited
  • Nuvama Wealth Management Limited
  • SBI Funds Management Limited
  • UTI Asset Management Company Limite

Gaja Alternative Asset Management Ltd Key Points

Strengths

Well established alternative AMC with a differentiated business model focused on driving the enterprise value of our Company.

Proven track-record of delivering consistent performance across the Gaja Capital Funds.

Focus on the high-growth alternative asset management industry in India with significant headroom to scale.

Invest-and-collaborate approach with a key focus on value addition to portfolio companies of the Gaja Capital Funds.

Ensuring skin-in-the game and alignment of interest with the investors of the Gaja Capital Funds.

Risk

Our total income is dependent on the performance of the funds managed and advised by us. We derive our total income from Management Fee, Carried Interest and Income from Sponsor Commitment and our total income during Fiscals 2026, 2025, and 2024 included Management Fee from the funds managed and advised by us and was 38.07%, 46.65% and 72.96% of our total income, respectively.

The historical returns attributable to the funds managed and advised by us should not be considered as indicative of the future results of such funds or of the future funds and the returns we may generate may be prolonged on account of the nature of these funds and may not be similar to what we may have generated historically.

The timing and receipt of Carried Interest from the funds managed and advised by us are unpredictable and will contribute to the volatility of our cash flows. Our Carried Interest was Rs.754.11 million and 47.79% of our total income for Fiscal 2026 and Rs.644.26 million and 52.25% of our total income in Fiscal 2025.

Strategy

Drive growth in the enterprise value of our Company by leveraging our business model and delivering on key value drivers.

Capitalize on the growth of the AIF segment and deepen our focus on high-growth sectors in the mid-market segment in the Indian economy.

Continue to focus on delivering sustained growth and investment performance in our flagship private equity strategy.

Leverage our expertise to progress on new growth strategies.

Strengthen our employee value proposition to continue to attract and retain talent.

How To Apply for Gaja Alternative Asset Management Ltd IPO Online?

Step 1:

Log in to the BlinkX stock market app and click ‘IPO’ in the Xplore section.

Step 2:

From the list of open IPOs, select the IPO you want to invest.

Step 3:

Go through the IPO details like lot size, price band, about the company, etc.

Step 4:

Click ‘Apply IPO’ to apply and enter the number of lots and bidding price along with your UPI ID.

Step 5:

Confirm your bid and accept the payment mandate sent to your UPI App for completing the IPO application.

FAQs on IPO (Initial Public Offering)

What is the issue size of the Gaja Alternative Asset Management Ltd IPO?

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Gaja Alternative Asset Management Ltd's IPO offers shares for up to 0 It begins on Aug 19, 2026 and ends on Aug 21, 2026.

What is the price of the Gaja Alternative Asset Management Ltd IPO?

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The price of Gaja Alternative Asset Management Ltd IPO ranges between ₹152 to ₹160 per share.

What are the open and close dates for the Gaja Alternative Asset Management Ltd IPO?

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The Gaja Alternative Asset Management Ltd IPO opens on Aug 19, 2026 and closes on Aug 21, 2026.

When will the Gaja Alternative Asset Management Ltd IPO be allotted?

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The allotment for the Gaja Alternative Asset Management Ltd IPO will be finalised on Aug 24, 2026. The shares will be listed on BSE and NSE on Aug 26, 2026.

What is the minimum lot size required for Gaja Alternative Asset Management Ltd IPO?

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The minimum lot size for Gaja Alternative Asset Management Ltd IPO is 93 shares, priced between ₹152 to ₹160 per share.

What is the GMP of Gaja Alternative Asset Management Ltd IPO?

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The GMP (Grey Market Premium) of Gaja Alternative Asset Management Ltd IPO fluctuates based on market demand and sentiment.

How do you check the allotment status of Gaja Alternative Asset Management Ltd IPO?

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To check the allotment status of Gaja Alternative Asset Management Ltd IPO, visit the registrar's website, select the IPO, enter your PAN Card number, Application Number, or DP Client ID, and click 'search.'

Where is the Gaja Alternative Asset Management Ltd IPO getting listed?

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The Gaja Alternative Asset Management Ltd IPO is getting listed on the BSE and NSE. Bidding opens on Aug 19, 2026, and closes on Aug 21, 2026. The allotment is finalised on Aug 24, 2026.

How do you apply for the Gaja Alternative Asset Management Ltd IPO?

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To apply for the Gaja Alternative Asset Management Ltd IPO, download the BlinkX app, complete KYC, select the IPO, enter bid details, and submit. Verify UPI payment for shares allotment.

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