Markets / IPO / Gaja Alternative Asset Management

Gaja Alternative Asset Management IPO

Updated 17:56

Mainboard IPO on NSE and BSE · Asset Management Company

Status
Listed
Price band
₹152–160
Lot size
93 shares · ₹14,880
Subscribed
31.33×

How it listed

Issue price
₹160
Listing price (open)
₹185.00 +15.63%
First-day close
₹168.67 +5.42%
Price now
₹134.31 -16.06%
Listing day26 Aug 2026
Open / high / low / close₹185.00 / ₹191.65 / ₹165.40 / ₹168.67
Shares traded on NSE6,47,73,158
Market value at the listing-day close₹1,904 cr

Closing prices since listing: 26 Oct ₹120.42, 27 Oct ₹126.49, 28 Oct ₹132.26, 29 Oct ₹126.74, 30 Oct ₹123.02, 2 Nov ₹125.47, 3 Nov ₹127.53, 4 Nov ₹142.83, 5 Nov ₹139.47, 6 Nov ₹133.90.

Gaja Alternative Asset Management share price, live chart and technicals →

Key dates

Bidding opens19 Aug 2026
Bidding closes21 Aug 2026
Allotment24 Aug 2026
Refunds and shares in demat25 Aug 2026
Listing26 Aug 2026

Issue reservation

Investor groupShares% of issueMost applicants allotted
Institutions (QIB)72,36,84028.57%–
HNI / NII54,27,63221.43%–
  HNI, above ₹10 lakh36,18,42214.29%572
  HNI, ₹2–10 lakh18,09,2107.14%1,389
Retail1,26,64,47450.00%1,36,177

Shares NSE lists as offered to each group, plus the anchor portion. "Most applicants allotted" is how many people can get the minimum application in that group when it is oversubscribed.

Lot size by investor type

ApplicationLotsSharesAmount
Retail (minimum)193₹14,880
Retail (maximum)131,209₹1,93,440
Small HNI (minimum)141,302₹2,08,320
Small HNI (maximum)676,231₹9,96,960
Big HNI (minimum)686,324₹10,11,840

At ₹160 a share. Retail bids go up to ₹2 lakh, small HNI from ₹2 lakh to ₹10 lakh, big HNI above ₹10 lakh.

Chance of getting shares (retail)

Chance
At least 1 in 11
Retail allotments available
1,36,177 × one lot
Retail portion subscribed
11.04×

An estimate from the times the retail portion was subscribed, as if every applicant bid for the minimum. Many bid for more lots, so the real chance is usually better. Winners are picked by lottery and each gets the minimum (one lot).

Subscription

Investor categoryShares offeredShares bid forTimes subscribed
Institutions (QIB)72,36,84031,53,82,71643.58×
HNI / NII54,27,63233,84,17,97962.35×
  HNI, above ₹10 lakh36,18,42226,13,36,13872.22×
  HNI, ₹2–10 lakh18,09,2107,70,81,84142.61×
Retail1,26,64,47413,97,59,65611.04×
Total2,53,28,94679,35,60,35131.33×

NSE and BSE bids together, as of 21 Aug 2026 19:00.

Demand at each price

Top price ₹1606,777.79 lakh shares85.3%
Cut-off final price, whatever it is; mostly retail1,167.92 lakh shares14.7%
Lower prices ₹152–1593.14 lakh shares0.0%

Shares bid on NSE and BSE at each price in the band. Most bids at the top price, and little at lower prices, means buyers were keen.

Anchor investors

Anchor bid date18 Aug 2026
Lock-in ends for the first 50% (30 days)22 Sept 2026
Lock-in ends for the remaining 50% (90 days)21 Nov 2026 (in 15 days)

Anchor investors are large funds that buy the day before the IPO opens. SEBI locks in half their shares for 30 days from the allotment and the rest for 90 days; they can sell from the next trading day. Traders watch these dates because extra selling can come in.

Financials and valuation

At issue priceNow
Market value₹1,806 cr₹1,516 cr
P/E (last 12 months' profit)––
Revenue, last 12 months–
Profit, last 12 months–
Return on equity–
Debt to equity–

From results the company filed with NSE (latest period to 30 Jun 2026). Twelve-month figures need four quarters of results, so they fill in over the first year after listing.

Other recent IPOs: Asset Management Company

CompanyListedSubscribedOn listingSince IPO
EAAA India Alternatives 2 Nov5.25×+0.63%+1.03%
SBI Funds Management 21 Jul41.66×+6.85%-12.97%
ICICI Prudential Asset Management Company 19 Dec39.17×+20.09%+35.60%
Canara Robeco Asset Management Company 16 Oct9.74×+5.36%-15.74%

IPO details

Price band₹152–160
Final issue price₹160
Lot size93 shares
Minimum investment₹14,880 (1 lot)
MarketNSE mainboard
Issue type100% Book Building
Face value₹5 per Equity Share
IndustryAsset Management Company
Issue size₹550.00 crore (about 3.44 crore shares) · Fresh issue + offer for sale: fresh ₹450.00 cr, offer for sale ₹100.00 cr
ISININE18UN01038
RegistrarMUFG Intime India Private Limited
Helpline: +91 810 811 4949, gajaalternative.ipo@in.mpms.mufg.com
Lead managersJM Financial Limited and IIFL Capital Services Limited
ProspectusRed herring prospectus (NSE)

Check allotment status

Allotment was finalised on 24 Aug 2026. Check it on the registrar's page (MUFG Intime India Private Limited), NSE or BSE with your PAN or application number.

← All IPOs: open, upcoming and recently listed

From NSE's official IPO data. Expected dates follow SEBI's T+3 timetable; the exchange confirms them. Information only, not investment advice.

What is the Gaja Alternative Asset Management IPO price band and lot size?

The price band is ₹152–160 per share, and one lot is 93 shares (₹14,880 at the upper price).

When is the Gaja Alternative Asset Management IPO allotment date?

Allotment was finalised on 24 Aug 2026, the next working day after bidding closed on 21 Aug 2026.

How many times was the Gaja Alternative Asset Management IPO subscribed?

In total 31.33 times, on NSE and BSE together; retail 11.04 times.

What is the Gaja Alternative Asset Management IPO listing date?

It listed on 26 Aug 2026 on NSE and BSE.

What is the chance of getting Gaja Alternative Asset Management IPO shares?

At least 1 in 11 retail applicants got the minimum lot: 1,36,177 retail allotments with the retail portion subscribed 11.04 times. Winners are picked by lottery.

When does the Gaja Alternative Asset Management anchor lock-in end?

The 30-day lock-in on half of the anchor investors' shares ends on 22 Sept 2026 and the 90-day lock-in on the rest ends on 21 Nov 2026; they can sell from the next trading day.

What was the Gaja Alternative Asset Management listing gain?

It opened at ₹185.00 against an issue price of ₹160, a gain of 15.63%. It is now down 16.06% from the issue price.