1 week ago
Gaja Alternative IPO Set for Listing With 12% Upside
Gaja Alternative Asset Management is preparing to sell its shares on the stock market.
Its shares are scheduled to begin trading on 26 August 2026 at 10:00 in the morning.
They will be listed on both the BSE and NSE exchanges.
The IPO price was ₹160 per share.
In unofficial grey-market trading, the shares are being valued at about ₹19 more than that price.
This suggests a possible listing price of ₹179.
An analyst expects the shares could rise by about 10–12% when trading begins.
The company reported higher income and profit and operates in the alternative investment business.
Gaja Alternative Asset Management shares are scheduled to list on BSE and NSE at 10:00 IST on Wednesday, 26 August 2026.
The shares will debut in a special pre-open session and trade under the B Group of Securities on BSE.
The IPO was allotted on Monday, 24 August, after the issue was priced at ₹160 per share.
The grey market premium stands at ₹19, implying an estimated listing price of ₹179 and an 11.88% premium.
Analyst Mahesh M. Ojha expects potential listing gains of around 10–12%, citing strong growth, profitability and alternative-investment industry prospects.
- Who
- Gaja Alternative Asset Management Limited; analyst Mahesh M. Ojha of Kantilal Chagganlal Securities Pvt Ltd.
- What
- The company’s IPO shares are scheduled to list and begin trading, with grey-market indicators suggesting a possible premium.
- Where
- On the BSE and NSE exchanges.
- When
- Wednesday, 26 August 2026, at 10:00 IST; allotment was finalised on Monday, 24 August.
- Why
- The reported listing optimism is attributed to the company’s financial performance, diversified revenue streams, asset-light model, profitability and expected growth in India’s alternative-investment industry.
Key facts
- IPO price
- ₹160 per share
- Estimated listing price
- ₹179 per share, based on the reported grey-market premium
- Current GMP
- ₹19, implying an estimated 11.88% premium
- FY26 total income
- ₹157.8 crore, up 28% year on year
- FY26 profit after tax
- ₹82 crore, up 32.2% year on year
- EBITDA margin
- Around 60%
- Expected listing gains
- Around 10–12%, according to Mahesh M. Ojha
Quotes
Mahesh M. Ojha
Vice President of Research and Business Development at Kantilal Chagganlal Securities Pvt Ltd
“Unlike traditional asset managers, Gaja Capital benefits from multiple revenue streams, including management fees, carried interest and income from sponsor commitments, providing significant scope for earnings growth and operating leverage.”
livemint.com
“At 23.4 times EV/EBITDA and 27.5 times P/E, the valuation appears reasonable, considering the company’s strong growth outlook, superior margins and asset-light business model.”
livemint.com
Sources
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