Gaja Alternative Asset Management Ltd IPO Listing: Shares List At A Premium Of Over 15% To Issue Price
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Gaja Alternative Asset Management shares made a solid debut on stock exchanges. They listed at a premium of over 15% to their issue price. Read more.
Gaja Alternative Asset Management Limited shares began trading on a positive note on the domestic stock exchanges. The stock opened at ₹185.20 apiece on the Bombay Stock Exchange (BSE), a 15.75% premium over its issue price, and at ₹185 on the National Stock Exchange (NSE), representing a 15.63% gain.
Gaja Alternative Asset Management Ltd IPO And Subscription Details
Gaja Alternative Asset Management initial public offering (IPO) was open for subscription from 19 August to 21 August. It had fixed the IPO price band at ₹152–160 per share. The ₹550 crore issue comprised a fresh issue of 2.81 crore shares worth ₹450 crore and an offer for sale (OFS) of 63 lakh shares valued at ₹100 crore.
Gaja Alternative Asset Management IPO received a strong response from investors, with the issue subscribed 31.33 times overall. Investors placed bids for a total of 2.53 crore shares on offer. Among investor categories, the retail portion was subscribed 11.04 times. The non-institutional investors (NII) segment was subscribed 62.35 times. The qualified institutional buyers (QIB) category witnessed the highest demand, with the issue subscribed 43.58 times.
About Gaja Alternative Asset Management
Incorporated in April 1999, Gaja Alternative Asset Management Limited is an independent, home-grown alternative asset management company with over two decades of experience in managing and advising India-focused funds. Its portfolio includes Category I and Category II Alternative Investment Funds (AIFs), as well as offshore funds investing in India.
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This article is for informational purposes only and should not be considered investment advice from Kotak Neo. For compliance T&C and disclaimers, Visit www.kotakneo.com/disclaimer
Vishwa has spent 10+ years across fintech and FMCG doing what most people miss, connecting the dots, catching trends before they trend, and finding the angle nobody else thought to ask about.
At Kotak Neo, she drives content strategy for neoshorts, Kotak News Desk, and Investing Guide, turning market noise into something worth reading.
When she's not decoding markets, she trades charts for canvases, chasing art, painting, and architecture across cities she's yet to explore.
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