Gaja Alternative Asset Management to launch Rs 550 crore IPO on Aug 19; sets price band at Rs 152-160
Among its recent investments, Gaja Capital participated in Sarvam AI's latest funding round, part of the company's proposed $74 million (around Rs 700 crore) raise led by NVIDIA Corporation. Its portfolio also includes Fractal Analytics, an AI company serving global enterprises, consumer brands such as toxin-free kitchenware startup The Indus Valley, and branded eggs company Eggoz, as well as…
Alternative asset management firm Gaja is poised to make its debut on the public stock market with a Rs 550 crore IPO slated for August 19. The offering comprises a fresh issuance of Rs 450 crore and an offer for sale (OFS) of Rs 100 crore, closing on August 21. Shares are slated to debut on the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) on August 26.
Gaja, known for its multi-sector investments, recently backed Sarvam AI in its $74 million funding round led by NVIDIA. The company's portfolio also boasts Fractal Analytics, The Indus Valley, Eggoz, and electronics manufacturer Amber. Over its history, Gaja has invested in over 30 firms across technology, consumer goods, financial services, healthcare, and education.
The alternative asset industry in India is expected to grow significantly as institutional capital flows into these markets. Gaja's management attributes this growth to the firm's focused investment strategy and seasoned team. The firm plans to expand its investment platform with a fifth flagship fund targeting Rs 2,500 crore and a Rs 1,250 crore secondaries fund, as outlined in its red herring prospectus.
In FY26, Gaja reported a 33.8% year-on-year increase in profit to Rs 79.6 crore, with revenue from operations growing 11% to Rs 135.5 crore. Prior to the IPO, the firm raised Rs 125 crore in a pre-IPO round from investors such as SBI Life, HDFC Life, Enam, and Jagdish Master, valuing the company at Rs 1,625 crore. Retail investors will need to invest a minimum of 93 shares, or Rs 14,880 at the upper end of the price band, to participate in the IPO.
JM Financial will serve as the book-running lead manager for the issue, while MUFG Intime India will act as the registrar.
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- Gaja Alternative Asset Management’s ₹550-crore IPO to open on Aug 19; price band fixed at ₹152-160 thehindubusinessline.com
