Gaja Alternative Asset Management IPO Gets 86% Subscription On First Day Of Bidding
New Delhi, Aug 19: The initial public offering of Gaja Alternative Asset Management Ltd was subscribed 86 per cent on the first day of bidding on Wednesday. IPO receives strong retail response The IPO received bids for 2,16,60,258 shares against 2,53,28,946 shares on offer, as per NSE data. The category for retail investors was subscribed 1.20 times, while the quota for non-institutional…
New Delhi, Aug 19: Gaja Alternative Asset Management Ltd's share offering had a 86% subscription rate on the first day of bidding, according to NSE data. The IPO saw more than 2.16 crore shares subscribed, while 2.53 crore shares were offered. Retail investors accounted for 1.20 times the quota, non-institutional investors took up 1.06 times, and Qualified Institutional Buyers (QIBs) received 9% of the subscription.
The issue price ranged from Rs 152 to 160 per share, potentially resulting in a market capitalization of Rs 2,256 crore at the upper limit.
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