Gaja Alternative Asset Management IPO
The Gaja Alternative Asset Management IPO was a ₹550 crore mainboard issue (fresh issue and offer for sale), open for bidding from 19 Aug to 21 August 2026 at a price band of ₹152 to ₹160. The final issue price was ₹160. It was subscribed 31.33 times overall, and 11.04 times in the retail category. Shares listed on NSE and BSE on 26 August 2026 at ₹185.00, 15.6% above the issue price, and closed the first day at ₹168.67.
- Listing gain at open
- +15.6%₹185.00 vs ₹160
- Issue price
- ₹160Band ₹152 to ₹160
- Lot size
- 93 sharesMinimum ₹14,880
- Issue size
- ₹550 crore
- Subscribed
- 31.33xOverall
- Listed
- 26 Aug 2026NSE, BSE
Price and lots
Gaja Alternative Asset Management IPO details
NSE issue details| Bidding dates | 19 Aug 2026 to 21 Aug 2026 |
| Listing date | 26 August 2026 |
| Price band | ₹152 to ₹160 |
| Final issue price | ₹160 |
| Face value | ₹5 per share |
| Lot size | 93 shares |
| Minimum investment | ₹14,880 (93 shares, our calculation) |
| Retail maximum | 13 lots (₹1,93,440), under ₹2 lakh (our calculation) |
| Issue size | ₹550 crore (our calculation from the NSE issue details) |
| Type of issue | 100% Book Building, Fresh issue and offer for sale |
| Listed on | NSE and BSE |
| NSE symbol | GAJA |
| BSE code | 544885 |
| ISIN | INE18UN01038 |
| Lead managers | JM Financial Limited, IIFL Capital Services Limited |
| Registrar | MUFG Intime India Private Limited |
Subscription and listing
Gaja Alternative Asset Management IPO subscription and listing
NSE and BSEFinal subscription
NSE issue details- QIBs43.58x
- Non-institutional (NII)62.35x
- NII above ₹10 lakh72.22x
- NII ₹2 lakh to ₹10 lakh42.61x
- Retail11.04x
- Total31.33x
Times subscribed at the close of bidding, as published by NSE. It is a fact about demand, not a sign of quality.
Listing day
Our calculation: gains vs issue price| NSE | BSE | |
|---|---|---|
| Open | ₹185.00 | ₹185.20 |
| High | ₹191.65 | - |
| Low | ₹165.40 | - |
| Close | ₹168.67 | ₹168.70 |
| Gain at open | +15.6% | +15.7% |
| Gain at close | +5.4% | +5.4% |
| Shares traded | 6,47,73,158 | - |
Latest: closed at ₹134.31 on NSE on 6 November 2026, −16.1% vs the issue price (our calculation). Past returns say nothing about future returns.
How it compares
How the Gaja Alternative Asset Management IPO compares
Our calculation: 2026 mainboard IPOs on IPO24by7Among 109 mainboard IPOs of 2026 on our tracker, the Gaja Alternative Asset Management IPO's subscription of 31.33 times ranks 50th of 109, and its listing gain of 15.6% at open ranks 37th of 107. By issue size it ranks 54th. The median listing-day gain at open for mainboard IPOs this year is +7.6%. See all 2026 IPOs with listing gains or the IPO calendar for August 2026.
Other mainboard IPOs listed in August 2026
| IPO | Listed | Issue price | Subscribed | Gain at open |
|---|---|---|---|---|
| Augmont Enterprises | 31 Aug 2026 | ₹788 | 105.78x | +22.0% |
| Tempsens Instruments (India) | 28 Aug 2026 | ₹300 | 184.07x | +111.3% |
| Shankesh Jewellers | 25 Aug 2026 | ₹93 | 2.80x | +11.1% |
| Sunshine Pictures | 25 Aug 2026 | ₹360 | 105.81x | +10.0% |
| Horizon Industrial Parks | 24 Aug 2026 | ₹60 | 1.45x | +0.4% |
| Lalithaa Jewellery Mart | 24 Aug 2026 | ₹201 | 62.97x | +31.8% |
Allotment
Gaja Alternative Asset Management IPO allotment status
- Open the registrar's pageMUFG Intime India Private Limited is the registrar. Open its allotment page.
- Select Gaja Alternative Asset Management LimitedOlder issues may move to an archive list on the registrar's site.
- Enter your PAN, application number or DP IDUse the details you applied with.
- Or check your demat accountAllotted shares were credited before the listing day.
Documents
Questions
Gaja Alternative Asset Management IPO FAQs
What was the Gaja Alternative Asset Management IPO price band?
The price band was ₹152 to ₹160 per share and the final issue price was ₹160. The face value is ₹5 per share.
What was the Gaja Alternative Asset Management IPO lot size?
One lot was 93 shares. The minimum investment at the issue price was ₹14,880. Retail investors could apply for up to 13 lots.
How many times was the Gaja Alternative Asset Management IPO subscribed?
It was subscribed 31.33 times overall, as published by NSE. QIBs bid 43.58 times their quota, NIIs 62.35 times and retail investors 11.04 times.
What was the Gaja Alternative Asset Management IPO listing price?
It opened at ₹185.00 on NSE and BSE on 26 August 2026, a gain of 15.6% over the issue price of ₹160 (our calculation). It closed the day at ₹168.67.
How do I check Gaja Alternative Asset Management IPO allotment status?
MUFG Intime India Private Limited is the registrar. Select Gaja Alternative Asset Management Limited on its allotment page and enter your PAN, application number or DP ID. You can also check on the NSE or BSE application status page.
Was the Gaja Alternative Asset Management IPO a fresh issue or an offer for sale?
Fresh issue and offer for sale, as stated in the NSE issue details.
Who were the lead managers of the Gaja Alternative Asset Management IPO?
JM Financial Limited, IIFL Capital Services Limited.
Sources: NSE public issue information and IPO detail pages; NSE and BSE end-of-day bhavcopy files. Gains, issue size and minimum investment are our calculations. This page is information only, not a recommendation.