Gaja Alternative Asset Management Limited
Closed19–21 Aug 2026
Updated 2026-08-27 (IST)
What Gaja Alternative Asset Management Limited does
We are a well-established alternative asset management company, in terms of vintage, with 20 years of experience. We act as an investment manager to India focused funds, including category II and category I alternative investment funds ('AIFs') and also act as advisors to offshore funds, which provide capital to companies in India.
Gaja Alternative Asset Management Limited financials
Rs crore · AnnualLatest year highlighted in green. Sparklines show the trend.
| FY24 | FY25 | FY26 | ||
|---|---|---|---|---|
| Sales | 96 | 122 | 136 | |
| Operating Profit | 49 | 61 | 72 | |
| OPM % | — | — | — | |
| Net Profit | 45 | 62 | 82 | |
| Total Debt | 4 | 4 | 42 |
Gaja Alternative Asset Management Limited IPO offer structure
Total: ₹550 cr. Fresh issue proceeds go to the company; OFS proceeds go to selling shareholders.
Use of proceeds- Investing towards our Sponsor Commitments to certain existing and new funds and for repayment of the Bridge Loan Amount: ₹372 cr
- General corporate purposes
Gaja Alternative Asset Management Limited promoters and holding
- Mr. Gopal Jain: Managing Director and Chief Executive Officer
- Mr. Ranjit Jayant Shah: Executive Vice-Chairman
- Mr. Imran Jafar: Executive Director
- Ms. Chitra Jain: Promoter
- Ms. Mona Ranjit Shah: Promoter
Gaja Alternative Asset Management Limited strengths and risks
Company-stated strengths and disclosed risk factors from the offer document.
- Well-established alternative AMC with a differentiated business model focused on driving the enterprise value of our Company (p.222)
- Proven track-record of delivering consistent performance across the Gaja Capital Funds (p.223)
- Focus on the high-growth alternative asset management industry in India with significant headroom to scale (p.225)
- Invest-and-collaborate approach with a key focus on value addition to portfolio companies of the Gaja Capital Funds (p.225)
- Experienced Promoters and management team (p.226)
- Our total income is dependent on the performance of the funds managed and advised by us. (p.24)
- The historical returns attributable to the funds managed and advised by us should not be considered as indicative of the future results. (p.25)
- The timing and receipt of Carried Interest from the funds managed and advised by us are unpredictable and will contribute to the volatility of our cash flows. (p.27)
- Valuation methodologies for certain assets of the funds managed and advised by us can be susceptible to significant subjectivity. (p.27)
- Our inability to raise sufficient capital from Limited Partners or their inability to honor capital calls could adversely affect our results of operations. (p.28)
Gaja Alternative Asset Management Limited peer comparison: DRHP median P/E 37.8x
DRHP data only| Company | CMP | P/E | OPM% | ROE% | Source |
|---|---|---|---|---|---|
| 360 One WAM Limited | — | 40.0x | — | — | DRHP |
| Aditya Birla Sun Life AMC Limited | — | 30.3x | — | — | DRHP |
| Anand Rathi Wealth Limited | — | 91.5x | — | — | DRHP |
| HDFC Asset Management Company Limited | — | 37.8x | — | — | DRHP |
| ICICI Prudential Asset Management Company Limited | — | 45.4x | — | — | DRHP |
| Nippon Life India Asset Management Limited | — | 49.6x | — | — | DRHP |
| Nuvama Wealth Management Limited | — | 30.4x | — | — | DRHP |
| SBI Funds Management Limited | — | 37.8x | — | — | DRHP |
P/E from offer document where live data unavailable. Not a fair-value judgement.
Gaja Alternative Asset Management Limited market and competition
We are an experienced, independent and home-grown alternative asset management company ('AMC'). With over two decades of experience in alternative asset management, we have navigated various investment cycles across the funds managed and advised by us.
Gaja Alternative Asset Management Limited outlook, as the document states it
We aim to leverage our established track-record to launch new funds under our flagship private equity strategy. We intend to build a diversified business platform by identifying new strategies and business opportunities with long-term prospects in India's mid-market segment. We also plan to leverage our expertise to progress on new growth strategies by launching a new fund in the secondaries investment class.
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Gaja Alternative Asset Management Limited IPO: common questions
When does the Gaja Alternative Asset Management Limited IPO open and close?
The Gaja Alternative Asset Management Limited IPO is open from 19 Aug 2026 to 21 Aug 2026.
What is the Gaja Alternative Asset Management Limited IPO price band?
The price band is ₹152–₹160 per share.
How much is the Gaja Alternative Asset Management Limited IPO subscribed?
As of 27 Aug 2026 the total subscription is 31.16×.
When does the Gaja Alternative Asset Management Limited IPO list?
The listing date is 26 Aug 2026.
How do I check the Gaja Alternative Asset Management Limited IPO allotment status?
On the allotment status page published by MUFG Intime India, this issue's registrar, and on the exchange's basis of allotment. Those are the primary sources. If the issue was oversubscribed, retail allotment was decided by lottery, so a valid application does not mean shares. We do not hold allotment data and cannot look yours up. How allotment is actually decided →
Sources & method
Subscription and issue data come from the NSE and BSE exchange feeds, with the third-party aggregator, clearly labelled, where an exchange feed is unreachable. DRHP analysis is extracted from the offer document itself, every figure cited to its page. Each figure on the page carries its source and its timestamp.
Grey-market premium (GMP) is unregulated.
Every GMP figure is a self-reported grey-market estimate. No exchange, regulator or clearing body records or audits it, and there is no settlement guarantee or recourse. Shown for context only; never decide on GMP alone. New to GMP? The 30-second explainer → All live GMP, and its record →
Gaja Alternative Asset Management Limited IPO allotment status
Listed 26 Aug 2026. Allotment is decided and published by the registrar, not by us. This issue's registrar is MUFG Intime India.
Check your allotment on the registrar's own page ↗
We do not hold allotment data and cannot look yours up. If the issue was oversubscribed, retail allotment was decided by lottery, so a valid application does not mean shares. How allotment is actually decided →