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Market News

Gaja Alternative Asset Management IPO Day 3: Check subscription status, allotment date and steps

Journalist Kamal Joshi, former Republic TV and latestly news editor, currently associated with Upstox as senior ipo writer.
By Kamal Joshi

3 min read | Updated on August 21, 2026, 10:14 IST

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SUMMARY

The ₹550 crore Gaja Alternative Asset Management IPO is a mix of a fresh issuance of shares aggregating up to ₹450 crore and an offer-for-sale (OFS) component of shares aggregating to ₹100 crore.

Gaja Alternative Asset Management, founded in 2004, is a private equity and alternative asset management company.

Gaja Alternative Asset Management, founded in 2004, is a private equity and alternative asset management company.

The initial public offering of Gaja Alternative Asset Management will conclude on Friday, August 21. The subscription details will be available post 10 am.

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As of day 2, the issue was booked 2.43 times. It bids for 6,16,66,998 shares compared to 2,53,28,946 shares on offer, according to NSE data.

The quota reserved for retail investors was subscribed 3.13 times, while the non-institutional investors part was booked 3.93 times. The portion for qualified institutional buyers was subscribed 10%.

The ₹550 crore public issue is a mix of a fresh issuance of shares aggregating up to ₹450 crore and an offer-for-sale (OFS) component of shares aggregating to ₹100 crore.

Under the OFS, Imran Jafar, Sudesh Jain jointly held with Gopal Jain, Ranjit Jayant Shah jointly held with Mona Ranjit Shah, Sanjay Hiralal Patel, Sushane Chopra, Anshuman Goyal, Abhinav Jain and Suparna Kumar will divest their stake.

Proceeds from the fresh issue will be utilised for debt clearance, seeding new funds and corporate general purposes.

With a price band of ₹152 to ₹160 per share, a lot consists of 93 shares.

Gaja Alternative Asset Management, which operates under the Gaja Capital brand, is a private equity and alternative asset management firm, providing growth capital to entrepreneurs. The company has invested across sectors, including education, consumer and financial services.

Gaja Alternative Asset Management IPO allotment and listing date

Gaja Alternative Asset Management IPO allotment status is expected to be finalised on Monday, August 24. The stock will hit the bourses on Wednesday, August 26.

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Disclaimer: This article is written purely for informational purposes and should not be considered investment advice from Upstox. Securities mentioned are illustrative and not recommendations. Please consult a financial advisor before making any investment decisions.

About The Author

Journalist Kamal Joshi, former Republic TV and latestly news editor, currently associated with Upstox as senior ipo writer.
Kamal Joshi is a business journalist who covers markets and IPOs. He places a special focus on in-depth analysis of DRHPs, RHPs and public-issue documents to produce data-driven stories. He covers trends across mainboard and SME IPOs, anchor allocations, subscription status and post-listing performance. He is passionate about breaking news and enjoys playing pickleball, especially flexing his net play. He was previously associated with Republic TV and LatestLY.

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