31 Mar 2024
Assets388.60
Total Income103.96
EBITDA49.25
Profit After Tax44.74
NET Worth331.88
Reserves and Surplus325.79
Total Borrowing3.51
At a glance
Updated 2026-08-24Gaja 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 atBSE, NSE
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–₹160.00
Grey market
GMP page ↗Latest GMPNO GMP
GMP / upper priceNO DATA
Est. listingNO DATA
GMP is unofficial sentiment data, not an exchange price.
Subscription demand
Full bidding ↗NO DATAWaiting for a verified live exchange update.
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 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 |
Financials
Full financials ↗31 Mar 2025
Assets451.87
Total Income123.31
EBITDA60.81
Profit After Tax61.95
NET Worth388.97
Reserves and Surplus381.75
Total Borrowing4.00
31 Mar 2026
Assets706.49
Total Income157.80
EBITDA72.05
Profit After Tax81.96
NET Worth606.52
Reserves and Surplus525.33
Total Borrowing41.56
Trend chart₹ crore
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.
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
- JM Financial Ltd.
Offer documents
Data is reconciled from multiple public IPO sources. Official exchange filings and offer documents remain the source of truth. Last verified 2026-08-24.