Gaja Capital IPO: Price band set at ₹152- ₹160 per share; check key dates, issue details | Stock Market News

Gaja Capital IPO price band: Gaja Alternative Asset Management, which operates commercially as Gaja Capital, has set its IPO price band in the range of ₹152 to ₹160 per equity share of the face value of ₹5.

The Gaja Capital IPO date of subscription is scheduled for Wednesday, 19 August and will close on Friday, 21 August. The allocation to anchor investors for the Gaja Capital IPO is scheduled to take place on Tuesday, 18 August.

The Gaja Capital IPO lot size is 93 equity shares and in multiples of 93 equity shares thereafter.

Gaja Capital IPO has reserved not more than 50% of the shares in the public issue for qualified institutional buyers (QIB), not less than 15% for non-institutional Institutional Investors (NII), and not less than 35% of the offer is reserved for retail investors.

Tentatively, Gaja Capital IPO basis of allotment of shares will be finalised on Monday, 24 August and the company will initiate refunds on Tuesday, 25 August, while the shares will be credited to the demat account of allottees on the same day following refund. Gaja Capital share price is likely to be listed on BSE and NSE on Wednesday, 26 August.

The IPO comprises a fresh issue of ₹450 crore and an offer-for-sale (OFS) of up to ₹100 crore by existing shareholders, including promoters. According to the red herring prospectus (RHP), Gopal Jain-promoted Gaja Capital has trimmed the size of both the fresh issue and the OFS from ₹549.2 crore and ₹107 crore, respectively. This brought the total IPO size to ₹656.2 crore when the company announced the issue in its updated draft red herring prospectus filed in December 2025.

At the upper end of the price band, Gaja Alternative Asset Management is expected to command a post-listing market capitalisation of ₹2,256.16 crore.

The company plans to utilise ₹372 crore of the net proceeds from the fresh issue towards sponsor commitments to certain existing and new funds and repayment of a bridge loan. The remaining proceeds will be used for general corporate purposes.

JM Financial and IIFL Financial Services have been appointed as merchant bankers for the Gaja Capital IPO.

With over two decades of experience in alternative asset management, Gaja Capital serves as an investment manager for India-focused funds, including Category I and Category II alternative investment funds (AIFs). The company also acts as an adviser to offshore funds that invest in Indian businesses.

The company reported a strong financial performance in FY26. Profit rose 33.8% year-on-year to ₹79.6 crore, compared with ₹59.5 crore in FY25. Revenue from operations increased 11% to ₹135.5 crore, from ₹122 crore a year earlier, while total income climbed 28% year-on-year to ₹157.8 crore.

As of the latest shareholding pattern, promoters own a 71.03% stake in Gaja Capital, while public shareholders hold the remaining 28.97%. The public shareholder base includes HDFC Life Insurance, SBI Life Insurance and Wealthwave Capital.

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Dhanya Nagasundaram works as a Content Producer at LiveMint, specializing in news related to financial markets, stocks, and business. With over eight years of experience in journalism and content creation, she has honed her skills in data-driven reporting and market analysis. Her focus is on monitoring stock trends, initial public offerings (IPOs), corporate news, policy shifts, and larger economic trends that affect investors and market players. <br><br> At LiveMint, Dhanya consistently writes and produces articles that make complex financial topics accessible to readers. She keeps a close eye on equity markets, commodities, and macroeconomic indicators, assisting audiences in comprehending how global and domestic events influence investment perspectives. Her stories frequently underscore emerging trends within sectors, the IPO market, company earnings results, and market strategies pertinent to both retail and institutional investors. <br><br> Before her tenure at LiveMint, Dhanya accumulated a wealth of professional experience at various companies, including MintGenie, Informist, Cogenics, Chary Publications, KPMG, and the Royal Bank of Scotland. These positions allowed her to establish a solid foundation in financial research, reporting, and content creation. <br><br> Throughout her career, she has explored numerous subjects such as trading strategies, commodities, IPOs, wealth generation, corporate profits, and macroeconomic indicators. Her background in both financial journalism and corporate settings has given her the ability to tackle stories with analytical rigor while ensuring clarity for her audience. Through her contributions, Dhanya strives to deliver insightful, trustworthy, and investor-centric financial content.

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