2 weeks ago
Gaja Capital IPO price band ₹152-₹160; subscription opens August 19
A company called Gaja Capital wants to raise money by selling parts of itself to investors.
Doing this for the first time is called an IPO.
Gaja Capital is an investment manager that helps people invest in Indian businesses.
The company has decided that each share will cost between ₹152 and ₹160.
People can buy shares starting on August 19, and the sale closes on August 21.
Big investors called anchor investors get their turn one day earlier.
If everything goes well, the shares will start trading on the stock market on August 26.
The money raised will be used to support the company's investment funds and to pay back a loan.
The company is doing well financially, because its profit grew by almost 34% in the last year.
Gaja Capital has set its IPO price band at ₹152-₹160 per equity share of face value ₹5, with subscription open from August 19 to August 21.
The IPO comprises a fresh issue of ₹450 crore and an offer-for-sale of up to ₹100 crore, reduced from the ₹656.2 crore total announced in its December 2025 updated draft red herring prospectus.
Anchor investor allocation is scheduled for August 18, allotment finalisation on August 24, refunds on August 25, and listing on BSE and NSE expected on August 26.
The company plans to use ₹372 crore of fresh-issue proceeds for sponsor commitments to existing and new funds and bridge loan repayment, with the remainder for general corporate purposes.
In FY26, Gaja Capital's profit rose 33.8% year-on-year to ₹79.6 crore and revenue from operations grew 11% to ₹135.5 crore, while promoters hold a 71.03% stake.
- Who
- Gaja Capital (Gaja Alternative Asset Management), an investment manager promoted by Gopal Jain.
- What
- An IPO priced at ₹152-₹160 per share, combining a ₹450 crore fresh issue and an offer-for-sale of up to ₹100 crore.
- Where
- India — the company manages India-focused funds, and its shares will list on BSE and NSE.
- When
- Subscription runs from Wednesday, August 19 to Friday, August 21; listing is expected on Wednesday, August 26.
- Why
- To raise funds for sponsor commitments to existing and new funds, repayment of a bridge loan, and general corporate purposes.
Key facts
- Company
- Gaja Capital (Gaja Alternative Asset Management), promoted by Gopal Jain
- Price band
- ₹152–₹160 per share (face value ₹5)
- Lot size
- 93 shares
- Issue size
- Fresh issue of ₹450 crore and offer-for-sale of up to ₹100 crore
- Subscription dates
- August 19–21; anchor allocation on August 18
- Listing
- Expected August 26 on BSE and NSE
- Post-listing market cap
- ₹2,256.16 crore at the upper end of the price band
- FY26 financials
- Profit ₹79.6 crore (up 33.8% YoY); revenue from operations ₹135.5 crore (up 11%)
Sources
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