Fund News
PE firm Gaja Capital to get listed; IIFL Capital to advise on IPO
Gaja Capital is planning to be the first standalone domestic private equity franchise in India to get listed via an initial public offering (IPO). It could target the filing of a draft red herring prospectus as early as December. The firm has engaged IIFL Capital to advise on the potential offering.The listing route is being considered to create a pool of permanent capital for use by the firm’s general partners (GPs) for objectives such as seeding new funds.Gaja Capital was founded by IIT Delhi alumnus Gopal Jain in 2004. Since its inception, Gaja Capital has raised upwards of USD 500 million through four funds and deployed it across 24 investments.Gaja Capital’s successful investment bets include CL Educate (formerly Career Launcher), Teamlease, RBL Bank and John Distilleries.
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