FY26
Assets706.49
Net Worth606.52
Total Debt41.56
RevenueAnnualised basis135.51
EBITDAAnnualised basis72.05
PATAnnualised basis81.96
EBITDA Margin (%)53.17
At a glance
Updated 2026-08-31 23:53:32Gaja Alternative Asset Management is a Mainboard IPO with an issue size of ₹550.00 crore, proposed for listing on BSE, NSE. The issue structure includes a fresh issue of ₹450.00 crore and an offer-for-sale component of ₹100.00 crore.
Issue details
Listing atNSE EMERGE
Issue typeBook Build Issue
Issue size₹550.00 Cr
Fresh issue₹450.00 Cr
Offer for sale₹100.00 Cr
Face value₹5
Price band₹152.00–₹152.00
Allotment24 Aug 2026
Listing26 Aug 2026
Listing performance
Full performance ↗Issue price₹160.00
Listing price₹185.00
Current price₹158.66
Listing gain15.63%
Current return-0.84%
Price progressionIssue → Listing → Current
Grey market
GMP page ↗Latest GMP₹15.00
GMP / upper price9.87%
Est. listingNO DATA
GMP is unofficial sentiment data, not an exchange price.
Timeline
Opens19 Aug 2026
Closes21 Aug 2026
Allotment24 Aug 2026
Listing26 Aug 2026
Subscription demand
Full bidding ↗QIB45.87×
sHNI44.85×
bHNI76.03×
NII / HNI76.03×
Retail11.62×
Total31.33×
Lot size
| Investor | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 93 | ₹14,880 |
| Retail (Max) | 13 | 1209 | ₹193,440 |
| S-HNI (Min) | 14 | 1302 | ₹208,320 |
| S-HNI (Max) | 67 | 6231 | ₹996,960 |
| B-HNI (Min) | 68 | 6324 | ₹1,011,840 |
Reservation
Issue mix
QIB50.00%1,71,87,500 shares
− Anchor Investor30.00%1,03,12,500 shares
− QIB (Ex. Anchor)20.00%68,75,000 shares
NII (HNI)15.00%51,56,250 shares
− bNII > ₹10L10.00%34,37,500 shares
− sNII < ₹10L5.00%17,18,750 shares
Retail35.00%1,20,31,250 shares
Total100.00%3,43,75,000 shares
Company
Use of proceeds
| Object | Amount |
|---|---|
| Investing towards Sponsor Commitments to certain existing funds, new funds and for repayment of the Bridge Loan Amount | ₹372.00 Cr |
| General Corporate Purposes | — |
Financial performance
Year-wise operating scale, profitability and balance-sheet context.Assets339.82₹ Cr · -12.6% vs prior year
Net Worth289.20₹ Cr · -13.4% vs prior year
FY25
Assets451.87
Net Worth393.46
Total Debt4.00
RevenueAnnualised basis122.00
EBITDAAnnualised basis60.81
PATAnnualised basis61.95
EBITDA Margin (%)49.84
FY24
Assets388.60
Net Worth333.95
Total Debt3.52
RevenueAnnualised basis95.64
EBITDAAnnualised basis[●]
PATAnnualised basis44.74
EBITDA Margin (%)[●]
FY23
Assets339.82
Net Worth289.20
Total Debt4.23
RevenueAnnualised basis55.81
EBITDAAnnualised basis[●]
PATAnnualised basis41.26
EBITDA Margin (%)[●]
KPIs
| KPI | Mar 31, 2025 | Mar 31, 2026 |
|---|---|---|
| ROE | 17.19% | 16.47% |
| Debt / Equity | 0.01% | 0.07% |
| RoNW | 15.31% | 13.13% |
| PAT Margin | 50.24% | 51.94% |
| Price to Book Value | 4.29 | 2.98 |
Valuation & shareholding
Pre-IPO EPS7.26
Post-IPO EPS5.81
Pre-IPO P/E22.04
Post-IPO P/E27.54
Promoter holding pre71.03%
Promoter holding post54.23%
Market cap₹2256.16 Cr.
Peer comparison
| Company | EPS | P/E | RoNW | NAV |
|---|---|---|---|---|
| Gaja Alternative Asset Management IPO | — | 27.54 x | — | — |
| Turtlemint Fintech IPO | — | - | — | — |
| Onemi Technology IPO | — | 10.84 x | — | — |
| Aye Finance IPO | — | 24.64 x | — | — |
Issue expenses
| Expense | Amount |
|---|---|
| Investing towards Sponsor Commitments to certain existing funds, new funds and for repayment of the Bridge Loan Amount as follows: (a) investing towards balance Sponsor Commitment to the following constituent funds of Fund IV and Bridge Loan Amount (i) Gaja Capital India Fund 2020 LLP; (ii) Gaja Capital India Fund 2020 (iii) Bridge Loan Amount (b) investing towards Sponsor Commitment to the proposed Fund V (c) investing towards Sponsor Commitment to the Secondaries Fund | ₹372.00 Cr |
| General Corporate Purposes | ₹44.25 Cr |
| Issue Expenses | ₹42.60 Cr |
| Total | ₹458.85 Cr |
Registrar & lead managers
Registrar
MUFG Intime India Pvt.Ltd.Lead managers
- Location
Offer documents
Data is reconciled from multiple public IPO sources. Official exchange filings and offer documents remain the source of truth. Last verified 2026-08-31 23:53:32.
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