Gaja Alternative Asset Management allotment expected today; GMP at 11% — Here’s how to check status online

Gaja Alternative Asset Management IPO allotment is expected to be finalised today, Monday, August 24, bringing the wait to an end for investors. Once the allotment status is released, applicants can check it online through the IPO registrar’s website, as well as the allotment sections of the BSE and NSE. The grey market premium (GMP) is currently around 11%, signalling expectations of a reasonably strong listing.

The IPO was open for subscription from August 19 to August 21 and received an overwhelming response, with the issue subscribed 31.33 times overall. Investors placed bids for a substantial portion of the 2.53 crore shares on offer. Among investor categories, the retail portion was subscribed 11.04 times, while the Non-Institutional Investors (NII) segment saw 62.35 times subscription. The Qualified Institutional Buyers (QIB) category recorded the highest demand, with the issue subscribed 43.58 times.

Gaja Alternative Asset Management had fixed the IPO price band at Rs 152–160 per share. The Rs 550 crore issue comprises a fresh issue of 2.81 crore shares worth Rs 450 crore and an offer for sale (OFS) of 63 lakh shares valued at Rs 100 crore.


The company’s shares are expected to list on both the NSE and BSE on August 26, 2026.

JM Financial Ltd. is the book-running lead manager for the IPO, while MUFG Intime India Pvt. Ltd. is acting as the registrar.

Investors can verify their allotment through either of the following platforms:

1. Registrar’s Website

• Visit the MUFG Intime India IPO allotment page (https://in.mpms.mufg.com/Initial_Offer/public-issues.html)
• Select Gaja Alternative Asset Management from the drop-down menu.
• Enter your PAN, application number, or DP/Client ID.
• Click Submit to view your allotment status.

2. NSE Website (https://www.nseindia.com/invest/check-trades-bids-verify-ipo-bids)

• Go to NSE IPO Allotment page
• Select Equity
• Choose Gaja Alternative Asset Management
• Enter your application number and PAN.

3. BSE Website ( https://www.bseindia.com/investors/appli_check)

• Select Equity under issue type.
• Select Gaja Alternative Asset Management from the dropdown.
• Enter your application number OR PAN number.
• And fill the captcha and click search to view allotment.

Gaja Alternative Asset Management IPO GMP Today

The Gaja Alternative Asset Management IPO GMP currently stands at Rs 17, indicating an 11% premium over the upper end of the IPO price band of Rs 160 per share. At the current GMP, the estimated listing price is around Rs 177 per share.

Investors should note that the Grey Market Premium (GMP) is unofficial and only serves as an indicative measure of market sentiment. It is neither regulated nor guaranteed and may fluctuate before the shares are listed.

Objects of the Issue

Gaja Alternative Asset Management intends to use the net proceeds from the fresh issue primarily to strengthen its investment commitments across its fund portfolio.

Of the total proceeds, Rs 372 crore has been allocated towards sponsor commitments to select existing and proposed funds, along with repayment of the bridge loan. This includes meeting the remaining sponsor commitments to Gaja Capital India Fund 2020 LLP and Gaja Capital India Fund 2020, repaying the bridge loan, and making sponsor commitments to the proposed Fund V and the Secondaries Fund.

Gaja Alternative Asset Management Financial Performance

Gaja Alternative Asset Management reported strong financial growth in FY26, building on the momentum recorded in the previous financial year. The company’s total income increased from Rs 123.31 crore in FY25 to Rs 157.80 crore in FY26, representing a 28% year-on-year growth.

Profitability also improved significantly during the year. Profit After Tax (PAT) rose from Rs 61.95 crore in FY25 to Rs 81.96 crore in FY26, registering a 32% year-on-year increase.

About Gaja Alternative Asset Management

Incorporated in April 1999, Gaja Alternative Asset Management Limited is an independent, home-grown alternative asset management company with more than two decades of experience in managing and advising India-focused funds. Its portfolio includes Category I and Category II Alternative Investment Funds (AIFs), along with offshore funds investing in India.

The company focuses on alternative investments across sectors including education, energy and environment, financial services, consumer businesses and digital technology. Its investment strategy is primarily focused on the mid-market segment.

Gaja Alternative Asset Management has developed its track record across multiple fund cycles through the Gaja Capital Funds, including Fund II, Fund III and Fund IV. The company has also built long-standing relationships with investors across more than 20 countries. As of March 31, 2026, Gaja Alternative Asset Management had a total workforce of 37 personnel, comprising 23 permanent employees and 14 contractual employees.

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