IPO
Gaja Capital’s Rs.550-Cr IPO subscribed 15x
Bengaluru-based Gaja Alternative Asset Management’s INR 550 crore public issue was subscribed 14.77 times on its closing day. The offering includes a fresh issue of shares aggregating INR 450 crore and an offer-for-sale of shares worth INR 100 crore. The non-institutional investors portion was subscribed 40.29 times, while the retail and qualified institutional buyers portions were subscribed 7.83 times and 7.76 times, respectively.Operating under the Gaja Capital brand, the firm provides investment management services and converted from a private limited entity to a public limited company in January 2025. The company plans to use the proceeds from the fresh issue for the repayment of debt, seeding new funds.Prior to the public issue, the firm raised INR 165 crore from anchor investors, including Nippon India Mutual Fund, Invesco Mutual Fund, HDFC Life, and SBI Life.
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