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(13/08/2026 16:31)

Gaja Alternative AM announces launch of initial public offering

Gaja Alternative Asset Management Ltd. has announced public offering of 34375000 shares at a price of Rs 5.00 each for Cash at a Premium of Rs 155.00 per share. The gross proceeds of the issue are expected to be Rs 55,000.00 lakhs.

The company's initial public offer (IPO) will open on 19 August 2026 and is expected to close on 21 August 2026, subject to customary closing conditions. The price band of the issue has been fixed at Rs 152.00-160.00 per share.

The IPO includes a fresh Issue of 34375000 Equity Shares of the Company at an price of Rs 160.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 93 shares with bids in multiples of 93.

Gaja Alternative Asset Management Ltd. anticipates using the proceeds of the issue for (i) Gaja Capital India Fund LLP(ii) Gaja Capital India Fund (formerly known as Gaja Capital India Fund )(iii) Bridge Loan Amountb) Investing towards our Sponsor Commitment to the proposed Fund Vc) Investing towards our Sponsor Commitment to the Secondaries Fund General corporate purposes.

JM Financial Limited,IIFL Capital Services Limited as lead manager(s) & MUFG Intime India Pvt. Ltd. is the registrar, to the issue.

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