Gaja Alternative Asset Management Shares Surge Nearly 16% In Debut Trade, Delivering Strong Listing Gains

New Delhi witnessed a significant surge in the share price of Gaja Alternative Asset Management Ltd (Gaja ALT) upon its debut trade on the BSE and NSE. The company's shares opened at Rs 185.20 on the BSE, marking a remarkable 15.75 per cent increase from its issue price of Rs 160. Similarly, on the NSE, the stock debuted at Rs 185, reflecting a 15.62 per cent rise from the issue price.

The initial public offering (IPO) of Gaja ALT was highly subscribed, with a subscription rate of 31.33 times on the final bidding day, indicating strong investor interest. The IPO had a price band ranging from Rs 152 to Rs 160 per equity share. The company's market valuation was pegged at Rs 2,481.07 crore following the successful listing.

Gaja ALT, established in 2004, is a private equity and alternative asset management firm specializing in providing growth capital to entrepreneurs. The firm's investment portfolio spans various sectors, including education, consumer goods, and financial services. Notable investments include companies like TeamLease, Lighthouse Learning, RBL Bank, John Distilleries, Xpressbees, Educational Initiatives, LeadSquared, and Signzy.

In January 2025, Gaja ALT underwent a transformation, transitioning from a private limited entity to a public limited company, rebranding itself as Gaja Alternative Asset Management Ltd. The proceeds from the fresh issue are earmarked for debt repayment, infusion of new capital, and general corporate purposes.