Subscription status
- Qualified institutional buyers (QIB)43.58x
- Non-institutional investors (NII)62.35x
- NII: bids above ₹10 lakh (big NII)72.22x
- NII: bids of ₹2–10 lakh (small NII)42.61x
- Retail investors11.04x
- Total31.33x
Shares offered and bid for, by category
| Category | Shares offered | Shares bid for |
|---|---|---|
| Qualified institutional buyers (QIB) | 72,36,840 | 31,53,82,716 |
| Foreign institutions (FII) | – | 8,97,37,188 |
| Banks, financial institutions and insurers | – | 11,52,02,169 |
| Mutual funds | – | 1,41,26,049 |
| Other institutions | – | 9,63,17,310 |
| Non-institutional investors (NII) | 54,27,632 | 33,84,17,979 |
| NII: bids above ₹10 lakh (big NII) | 36,18,422 | 26,13,36,138 |
| Corporates | – | 44,70,789 |
| Individuals(Other than RIIs) | – | 24,52,38,396 |
| Others | – | 1,16,26,953 |
| NII: bids of ₹2–10 lakh (small NII) | 18,09,210 | 7,70,81,841 |
| Corporates | – | 3,44,658 |
| Individuals(Other than RIIs) | – | 7,34,17,269 |
| Others | – | 33,19,914 |
| Retail investors | 1,26,64,474 | 13,97,59,656 |
| Cut Off | – | 11,66,29,998 |
| Price bids | – | 2,31,29,658 |
| Total | 2,53,28,946 | 79,35,60,351 |
Lot size and investment
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (minimum) | 1 | 93 | ₹14,880 |
| Retail (maximum) | 13 | 1,209 | ₹1,93,440 |
| Small NII / sHNI (minimum) | 14 | 1,302 | ₹2,08,320 |
| Small NII / sHNI (maximum) | 67 | 6,231 | ₹9,96,960 |
| Big NII / bHNI (minimum) | 68 | 6,324 | ₹10,11,840 |
IPO details
| Company | Gaja Alternative Asset Management Limited |
|---|---|
| Board | Mainboard (NSE and BSE) |
| Issue period | Wed, 19 Aug 2026 to Fri, 21 Aug 2026 |
| Price band | ₹152 – ₹160 |
| Face value | ₹5 per share |
| Lot size | 93 shares |
| Cut-off time for UPI Mandate Confirmation | 21-Aug-2026 (upto 5:00 PM) The new cut-off time for UPI mandate acceptance is 05:00 PM on last day of IPO bidding. |
| Issue Size | Initial Public Offer comprising of Fresh Issue aggregating up to Rs. |
| Issue Type | 100% Book Building |
| Tick Size | Re.1 |
| Maximum Subscription Amount for Retail Investor | Rs. 2,00,000 |
| Maximum Bid Quantity for QIB Investors | 2,53,28,922 Equity Shares in multiple of 93 Equity Shares (Calculated at Lower Price band) |
| Maximum Bid Quantity for NIB Investors | 1,80,92,034 Equity Shares in multiple of 93 Equity Shares (Calculated at Lower Price band) |
| IPO Market Timings | 10.00 a.m. to 5.00 p.m. |
| Sponsor Bank | HDFC Bank Limited and ICICI Bank Limited |
| Contact person name number and Email id | Shanti Gopalkrishnan, +91 810 811 4949, gajaalternative.ipo@in.mpms.mufg.com |
| Registrar | MUFG Intime India Private Limited |
| Lead managers | JM Financial Limited and IIFL Capital Services Limited |
Offer documents
Frequently asked questions
When does the Gaja Alternative Asset Management IPO open and close?
It opens on Wed, 19 Aug 2026 and closes on Fri, 21 Aug 2026.
What is the price band of the Gaja Alternative Asset Management IPO?
₹152 – ₹160 per share, with a face value of ₹5.
What is the lot size and minimum investment?
One lot is 93 shares. The minimum application is one lot, which costs ₹14,880 at the top of the price band.
When is the allotment and listing date?
Allotment was on Mon, 24 Aug 2026 and the shares listed on Wed, 26 Aug 2026.
What was the Gaja Alternative Asset Management IPO listing gain?
It listed at ₹185 on Wed, 26 Aug 2026, a gain of +15.6% on the issue price of ₹160.
How do I check the Gaja Alternative Asset Management IPO allotment status?
On the registrar's website (MUFG Intime India Private Limited) or the NSE and BSE allotment pages, using your PAN or application number, from the allotment date.
For information only. Not investment advice. SmartFigure is not registered with SEBI as an investment adviser or research analyst. GMP is an unofficial, unregulated grey-market figure, averaged from public websites; it is not a prediction of the listing price. Rely on the offer documents.