Gaja Alternative Asset Management Raises ₹165 Crore From Anchor Investors, Secures Funding Ahead Of IPO Launch
New Delhi: Gaja Alternative Asset Management Ltd, which operates under the Gaja Capital brand, on Tuesday raised Rs 165 crore from anchor investors, ahead of its initial public offering (IPO) opening on Wednesday. The company allotted around 1.03 crore equity shares to anchor investors at Rs 160 per share, the upper end of the price band, according to a notice uploaded on the BSE website. Nippon…
Gaja Alternative Asset Management Ltd has successfully raised ₹165 crore from anchor investors ahead of its planned IPO launch on August 19. The company, which operates under the Gaja Capital brand, allocated around 1.03 crore equity shares to these anchor investors at Rs 160 per share, the upper end of the price band. Nippon India Mutual Fund and Invesco Mutual Fund led the anchor book with investments of Rs 30 crore each, while other institutional investors such as HDFC Life and SBI Life also participated.
Following the anchor allocation, the company's IPO of Rs 550 crore will open for public subscription on August 19 and close on August 21, with a price band fixed at Rs 152-160 per equity share. The proceeds from the IPO will be used for debt repayment, new fund seeding, and general corporate purposes.
Brief written by urgent.news from Free Press Journal's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
Also reported by 1 other outlet
- Can Gaja Alternative Asset Management IPO deliver long-term growth for high-risk investors? economictimes.indiatimes.com
