- Q1. What is the business of Gaja Alternative Asset Management Limited?
It is a private equity firm providing growth capital and management services to mid-market Indian businesses. - Q2. Why is the company raising funds via IPO?
Gaja Capital is raising funds via IPO to fulfill sponsor commitments for existing and new funds, repay debt, and support general corporate purposes. - Q3. What is the size of the issue and where will it list?
The issue size of the IPO is ₹656.20 crore. It will be listed on BSE and NSE platform. - Q4. What are the key risks to an investor?
Key risks are portfolio valuations and revenue are highly vulnerable to stock market volatility and economic downturns. - Q5. What are the potential upsides?
Potential upsides include pioneer listing status, strong profit margins, and exposure to India’s high-growth AIF sector. - Q6. How to apply for the IPO?
Investors can apply for the IPO through ASBA via net banking or using UPI through registered stock brokers once the IPO opens for subscription.
Upcoming
Gaja Alternative Asset Management Limited
0
IPO Score
0
*Score varies on actual price
Gaja Alternative Asset Management Limited (operating as Gaja Capital) is a premier Indian private equity firm specializing in growth-stage investments for mid-market businesses. As an investment manager for SEBI-registered Category I and II Alternative Investment Funds (AIFs), it focuses on high-impact sectors including education, consumer goods, and financial services. The company is now launching an IPO worth ₹656.20 crore, consisting of a fresh issue of ₹549.20 crore and an Offer for Sale (OFS) of ₹107 crore. The proceeds are primarily earmarked for fulfilling sponsor commitments in existing and upcoming funds, as well as debt repayment. This listing is significant as it represents one of the first standalone Indian private equity firms to enter the public markets, highlighting the growing maturity of India’s alternative asset landscape.
Gaja Alternative Asset Management Limited was incorporated on April 9, 1999 .The company is currently led by Gopal Jain.
Gaja Alternative Asset Management Limited specializes in managing Category I and II Alternative Investment Funds (AIFs). Their core offerings include providing growth capital and buyout expertise to mid-market Indian firms. They focus on four high-growth pillars: education, financial services, consumer goods, and digital technology, while providing hands-on operational support to help portfolio companies scale.As a private equity firm, Gaja Capital operates a capital-light model without physical stores, managing assets from offices in Mumbai and Delhi. Its market share is defined by its leadership in mid-market PE, managing over ₹4,200 crore across multiple funds. Its indirect reach is massive, spanning thousands of locations through portfolio companies like Lighthouse Learning (education) and Xpressbees (logistics), which cover nearly every Indian pin code.
Subscription date to apply for Gaja Alternative Asset Management Limited is yet to be announced. Price band for the IPO is yet to be declared.
Revenue, PAT, EBITDA
Year |
2025 |
|---|---|
Networth
|
₹ 388.96
|
Revenue
|
₹121.99Cr
|
EBITDA
|
₹ 60.80 Cr
|
PAT
|
₹ 61.95 Cr
|
EBITDA Margin
|
~49.84%
|
PAT Margin
|
~50.77%
|
Face Value
|
Rs.05 per Equity Share
|
IPO Important Dates
# |
Date |
|---|---|
Open Date
|
TBA
|
Close Date
|
TBA
|
Anchor Investor Bidding
|
TBA
|
Allotment Date
|
TBA
|
Refunds& Demat Credit
|
TBA
|
Tentative Listing Date
|
TBA
|
Use Of Proceeds
Purpose |
Amount |
|---|---|
Borrowing payment
|
~ ₹ 24.91 Cr
|
Investing towards our Sponsor Commitments
|
~ ₹ 387 Cr
|
-
|
-
|
-
|
-
|
-
|
-
|
General Corporate Purpose
|
Balance
|
Financial Data
# |
2023 |
2024 |
2025 |
|---|---|---|---|
Revenue (₹ Cr)
|
55.81
|
95.64
|
121.9
|
PAT (₹ Cr)
|
41.26
|
44.74
|
61.95
|
Asset (₹ Cr)
|
339.81
|
388.59
|
451.87
|
Net Worth (₹ Cr)
|
287.35
|
331.8
|
388.96
|
IPO Grey Market Premium
Date |
IPO Price |
IPO GMP |
Profit Per Lot |
|---|---|---|---|
23-Aug
|
₹ –
|
₹ –
|
₹ –
|
22-Aug
|
₹ –
|
₹ –
|
₹ –
|
21-Aug
|
₹ –
|
₹ –
|
₹ –
|
20-Aug
|
₹ –
|
₹ –
|
₹ –
|
19-Aug
|
₹ –
|
₹ –
|
₹ –
|
Promoters – Pre offer equity (Approx)
Promoters |
% Shares |
|---|---|
Mr. Gopal Jain
|
~22.41%
|
Ms. Mona Ranjit shah + Jayant Shah (Jointly)
|
~18.61%
|
Ms. Chitra Jain + Mr. Gopal Jain (Jointly)
|
~11.25%
|
Mr. Imran Jafar
|
~9.13%
|
-
|
-
|
-
|
-
|
Lot Size details
Application Type |
Lot Size |
No. of Lot |
No. of Shares |
Investment Amount |
|---|---|---|---|---|
Retail (Min)
|
–
|
1
|
–
|
₹ –
|
Retail (Max)
|
–
|
13
|
–
|
₹ –
|
HNI (Min)
|
–
|
14
|
–
|
₹ –
|
HNI (Max)
|
–
|
66
|
–
|
₹ –
|
Big HNI (Min)
|
–
|
67
|
–
|
₹ –
|
Key Performance Index (KPI)
ROE |
00 |
|---|---|
ROCE
|
00
|
RoNW
|
00
|
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