Gaja Alternate Asset Management IPO
Finance • ₹550 Cr
Medium risk because:
- 5 material risk factors disclosed in DRHP
- Regulatory or legal risks cited in DRHP
- The company’s total income is dependent on the performance of the funds managed and advise…
IPOFins risk score from DRHP risk factors, subscription demand & issue structure
Price Band
₹160
Lot Size
93 shares
Issue Size
₹550 Cr
Open
19 Aug 2026
Close
21 Aug 2026
Subscription
31.2×
IPO Schedule
| Issue Open Date | 19 Aug 2026 |
| Issue Close Date | 21 Aug 2026 |
| Allotment Date | 24 Aug 2026 |
| Listing Date | 25 Aug 2026 |
About Gaja Alternate Asset Management
Gaja Alternative Asset Management Limited is an alternative asset management company that acts as an investment manager to India-focused funds, including Category I and Category II Alternative Investment Funds (AIFs), and as an advisor to offshore funds that provide capital to companies in India. The company provides fund management and advisory services and earns income through management fees, carried interest, and income from sponsor commitments. Its investment activities have focused on sectors including education, employment and employability (EEE), financial services, consumer and digital technology. The company follows an investment approach focused on the mid-market segment and considers areas such as product, sales, human resources, and financial management of portfolio companies. It has managed and advised multiple funds, including Fund II, Fund III, and Fund IV. The company was incorporated in 1999 as View Advisors Private Limited and subsequently rebranded as Gaja Capital. As of March 31, 2026, it had committed approximately Rs 274 crore as a sponsor commitment to the Gaja Capital Funds.
Company Details
Founders / Promoters
Mr Gopal Jain
Founded
1999
Registrar
LINK
Documents
DRHP / RHP Document (PDF)
View official prospectus →
Investment Analysis
Gaja Alternate Asset Management — IPOFins Verdict
QuantitativeDriven by QIB demand at 43.6x and moderate disclosed risk (5/10), Gaja Alternate Asset Management listed at a premium of 15.6% to its issue price. The signals lean constructive — still confirm valuation against listed peers and read the DRHP before applying beyond one lot.
- The company claims that it has a track record across multiple investment cycles. It has over two decades of experience in alternative asset management and states that it has navigated events including
- The company’s funds have delivered multiple realised investments with reported returns. As of March 31, 2026, its Prior Investments had been fully realised with a Multiple on Invested Capital (MOIC) o
- The company has a significant sponsor commitment in the funds it manages and advises. As of March 31, 2026, it had committed approximately Rs 274 crore as Sponsor Commitment to the Gaja Capital Funds,
- The company follows an invest-and-collaborate approach with its portfolio companies. It claims to provide support beyond capital infusion through board-level participation and operational engagement i
- The company has a diversified global investor base. Its limited partners are spread across more than 20 countries, with 63.42% of the total capital commitments in the Gaja Capital Funds raised from ou
Score breakdown — what drove this verdict
Moderate risk from DRHP → score +0.0
Institutional subscription → score +2.0
Strong retail interest → score +0.5
Actual listing outcome → score +0.5
Base score: 5.0 · Final score = base + all factor adjustments, capped 1–10. Full methodology →
IPOFins Score is a quantitative signal from subscription demand, disclosed risk, and listing data — not investment advice. Not SEBI-registered.
Listing Performance
Issue Price
₹160
Listing Price
₹185
Listing Gain/Loss
+15.63%
Listing Date
25 Aug 2026
Price Since Listing
Returns are measured against the ₹160 issue price.
Listing
₹185
+15.6%
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FAQ
What is the price band of Gaja Alternate Asset Management IPO?
The price band is ₹160 per share with a lot size of 93 shares. Minimum investment: ₹14,880.
What does Gaja Alternate Asset Management do?
Gaja Alternative Asset Management Limited is an alternative asset management company that acts as an investment manager to India-focused funds, including Category I and Category II Alternative Investment Funds (AIFs), and as an advisor to offshore funds that provide capital to companies in India. The company provides fund management and advisory services and earns income through management fees, carried interest, and income from sponsor commitments. Its investment activities have focused on sectors including education, employment and employability (EEE), financial services, consumer and digital technology. The company follows an investment approach focused on the mid-market segment and considers areas such as product, sales, human resources, and financial management of portfolio companies. It has managed and advised multiple funds, including Fund II, Fund III, and Fund IV. The company was incorporated in 1999 as View Advisors Private Limited and subsequently rebranded as Gaja Capital. As of March 31, 2026, it had committed approximately Rs 274 crore as a sponsor commitment to the Gaja Capital Funds.
Should I apply for Gaja Alternate Asset Management IPO?
Gaja Alternate Asset Management listed at ₹185 (+15.6% premium to the ₹160 issue price) after 31.2x subscription. IPOFins Score 8/10: Driven by QIB demand at 43.6x and moderate disclosed risk (5/10), Gaja Alternate Asset Management listed at a premium of 15.6% to its issue price. The signals lean constructive — still confirm valuation against listed peers and read the DRHP before applying beyond one lot.
Who founded Gaja Alternate Asset Management?
Gaja Alternate Asset Management was founded by Mr Gopal Jain in 1999.