Home
IPOCurrent section
NewsInsights
Calculators
Options
Mock TestsCommodities
Investments
Career

CAPITA1 brings together IPO information, current business news, and global commodity prices in one focused public experience. Educational, not investment advice.

Follow CAPITA1

support@capita1.in

Platform

  • IPO
  • News
  • Insights
  • Calculators
  • Commodities
  • Community

Markets

  • Companies
  • Indices
  • Glossary
  • Mock Tests

Company

  • About
  • Careers
  • Editorial & AI Policy
  • Contact
  • Disclaimer
  • Privacy Policy
  • Terms of Use
  • Send Feedback

Disclaimer: CAPITA1 provides market information and educational content only. We are not a SEBI-registered investment adviser or research analyst, and nothing on this site is investment advice, a buy/sell recommendation, or a solicitation. Figures come from publicly available sources, may be delayed, and are not guaranteed accurate, complete or current. Investing in securities carries risk — consult a qualified financial adviser before making any investment decision. Using this site means you accept our Terms.

Back to IPO Center
GA

Gaja Alternative Asset Management Limited IPO

ListedMainboard

— · ₹152 – ₹160 · ₹550 Cr

Last updated: 25 Sept 2026, 06:50 am · 3d ago
Price Band₹152 – ₹160
Lot Size93 shares
Issue Size₹550 Cr
GMP (Unofficial)+16.88%
  • Overview
  • Timeline
  • Subscription
  • Financials
  • Valuation
  • Documents
Grey Market Premium₹27(+16.88%)Unofficial grey-market estimate — not an exchange price.
  1. 19 Aug 2026Open Date
  2. 21 Aug 2026Close Date
  3. 24 Aug 2026Allotment Date
  4. 26 Aug 2026Listing Date

Check your allotment

MUFG Intime India — allotment statusBSE allotment statusNSE allotment status

These open the registrar's and the exchanges' own websites. Gaja Alternative Asset Management Limited is not affiliated with CAPITA1, and we never ask for your PAN or application number.

IPO Snapshot
37/ 100
Opportunity Score
🟡 Fairly Valued
Broker Consensus
Avoid
GMP %
+16.88%
Subscription
N/A
P/E
22.32x
ROE
16.47%
ROCE
N/A
DRHP RHP — N/A

“Broker Consensus” is CAPITA1's algorithmic verdict from GMP, subscription, fundamentals & valuation — broker recommendations aren't in our data feed. GMP is an unofficial grey-market estimate. Not investment advice.

Gaja Alternative Asset Management Limited IPO valuation · at upper band ₹160

🟡 Fairly Valued
Market Cap (Post-IPO)
Not Available
Market Cap (Pre-IPO)
Not Available
Enterprise Value
Not Available
Earnings Per Share (EPS)
₹7.17
Net Asset Value per Share (NAV)
₹53.73
Price to Earnings (P/E) at upper band
22.32x
Price to Book (P/B)
2.98x
EV / EBITDA
Not Available
Return on Net Worth (RoNW)
13.13%
Return on Equity (ROE)
16.47%
Return on Capital Employed (ROCE)
Not Available
Debt / equity
0.07
Formulas used (all at upper price band)
  • Market Cap (Post-IPO) = Upper Price × Post-issue Shares (Shares = Latest FY PAT ÷ EPS)
  • Market Cap (Pre-IPO) = Post-IPO Market Cap − Fresh Issue
  • Enterprise Value = Market Cap + Total Debt − Cash (cash assumed nil)
  • Total Debt = Debt/Equity × Net Worth
  • Net Worth = NAV (Book Value/Share) × Post-issue Shares
  • P/E Ratio = Upper Price ÷ EPS
  • P/B Ratio = Upper Price ÷ NAV
  • EV / EBITDA = Enterprise Value ÷ EBITDA

Company financials (EPS, NAV, ratios) from Issuer DRHP figures, compiled from public IPO listings. Ratios computed at the upper price band; not investment advice.

AI IPO AnalysisAI

DRHP / RHP IntelligenceAI

Generate an AI read of the offer document — business, risks, promoters, use of funds and an educational verdict, with citations back into the filing.

Listing Performance

Issue Price (upper band)
₹160
Listed At
₹185.00
Listing Gain
+15.63%

Opening price on the first trading day. Not the current price, and not a return — what happened after listing is not shown here.

GMP (Grey Market Premium)

₹27+16.88%

CAPITA1 desk — unofficial grey-market estimate — No exchange publishes a grey-market premium; this is not investment advice. Updated 22 Aug 2026, 04:56 pm.

Trend · 3 readings+20 since 18 Aug
  1. 18 Aug ₹7
  2. 21 Aug ₹17
  3. 22 Aug ₹27

Subscription

Subscription figures are not available for this issue.

Timeline

Open Date
19 Aug 2026
Close Date
21 Aug 2026
Allotment
24 Aug 2026
Refund
25 Aug 2026
Demat Credit
25 Aug 2026
Listing
26 Aug 2026

Lot Size & Offer

Lot Size
93 shares
Min Investment
₹14,880
Fresh Issue
₹450 Cr
Offer for Sale
₹100 Cr

Issue Structure

Issue Type
100% Book Building
Face Value
₹5
Fresh Issue
₹450 Cr

New shares — the money goes to the company.

Offer for Sale
₹100 Cr

Existing shares — the money goes to the selling shareholders.

Retail Application Cap
₹2,00,000

Regulatory maximum for one retail application.

As stated in the issue information filed with NSE.

Reservation

QIB
50%
NII / HNI
15%
Retail
35%
Employee
Not Available

Objectives of the Issue

  • Investing towards our Sponsor Commitments to certain existing funds, new funds and for repayment of the Bridge Loan Amount as follows:
  • (a) investing towards our 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; and (iii) Bridge Loan Amount#
  • (b) investing towards our Sponsor Commitment to the proposed Fund V; and
  • (c) investing towards our Sponsor Commitment to the Secondaries Fund
  • General corporate purposes.

Financial Highlights (₹ Cr)

Not Available

Revenue Growth
Not Available
PAT Growth
Not Available
EBITDA
Not Available
EBITDA Margin
Not Available
ROE
16.47%
ROCE
Not Available
Debt / equity
0.07
Net Worth
Not Available

Promoter Holding

Pre-Issue
Not Available
Post-Issue
Not Available

Registrar & Managers

Registrar
MUFG Intime India Private Limited
Contact Person
Shanti Gopalkrishnan
Email
gajaalternative.ipo@in.mpms.mufg.com
Phone
+91 810 811 4949
Address
C101, Embassy 247, LBS Marg, Vikhroli (West), Mumbai 400 083, Maharashtra, India
Book Running Lead Managers
  • JM Financial Limited and IIFL Capital Services Limited

Offer Documents

RHP DRHP Basis of Issue Price Anchor Allocation Bidding Centres

Market data: NSE (official calendar, issue filing and subscription) · CAPITA1 desk (GMP) · updated 25 Sept 2026, 06:50 am

Fundamentals: Issuer DRHP figures, compiled from public IPO listings · fetched 14 Sept 2026, 09:10 am

IPO calendar, issue details and subscription from NSE. Any grey-market premium shown is CAPITA1’s own unofficial estimate, collected daily from grey-market sources — not investment advice, and no exchange publishes one. Company fundamentals (financials, peers) are not part of the live feed.

Other IPOs open now

  • A-One Steels India LimitedMainboard · ₹385–405
  • Moneyview LimitedMainboard · ₹32–34
  • AceVector LimitedMainboard · ₹30–32
  • German Green Steel and Power LimitedMainboard · ₹132–139
Compare this IPO with another

Understanding the terms

  • Seven IPOs listed on 17 September 2026: how Rentomojo, Karamtara Engineering and the rest openedSeven companies — Rentomojo, Karamtara Engineering and 5 more — came to market on 17 September 2026. How each…
  • IPO listings on 16 September 2026: Kanohar Electricals, Prasol Chemicals and Glass Wall SystemsKanohar Electricals, Prasol Chemicals and Glass Wall Systems came to market on 16 September 2026. How each ope…
  • IPO Listing Gains ExplainedListing gain is a single subtraction: the first traded price minus the issue price, read as a percentage. This…