Gaja Alternative Asset Management IPO

Gaja Alternative Asset Management Ltd, operating under the Gaja Capital brand, has fixed a price band of Rs 152-160 per share for its Rs 550 crore initial public offering (IPO). The issue opens on August 19 and closes on August 21, with anchor bidding on August 18. The IPO comprises a fresh issue of Rs 450 crore and an offer for sale of up to Rs 100 crore by existing shareholders. The company trimmed the issue size from an earlier proposed Rs 656 crore. At the upper price band, the market capitalization is expected to be around Rs 2,256 crore. Proceeds will be used for debt repayment, seeding new funds, and general corporate purposes. The company, founded in 2004, is a private equity and alternative asset management firm focused on growth capital. It has investments in companies such as TeamLease, Lighthouse Learning, RBL Bank, John Distilleries, Xpressbees, Ei, LeadSquared, and Signzy. The IPO has received SEBI approval and is expected to list on the BSE and NSE on August 26. For FY2026, the company reported a net profit of Rs 79.7 crore, up 33.8% year-on-year, and revenue of Rs 135.5 crore.