Gaja Alternative Asset Management Limited

Total Issue Size

₹550 Cr

3,43,75,000 shares

Fresh Issue

₹450 Cr

2,81,25,000 shares

Offer for Sale

₹100 Cr

62,50,000 shares

Face Value

₹5 per share

Issue Type

Book-built IPO

Listing At

BSE, NSE

Shares Pre-Issue

11,28,85,230

Shares Post-Issue

14,10,10,230

1. Offer opens

   19 Aug 2026

2. Offer closes

   21 Aug 2026

3. Allotment

   24 Aug 2026

4. Listing

   26 Aug 2026

• Anchor30.0%1,03,12,500 shares
• QIB20.0%68,75,000 shares
• HNI15.0%51,56,250 shares
• Retail35.0%1,20,31,250 shares

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, including Category I and Category II AIFs, as well as offshore funds investing in India. The Company focuses on alternative investments across sectors such as education, energy and environment, financial services, consumer and digital technology, with a differentiated investment approach focused on the mid-market segment. Gaja Alternative Asset Management has built a strong track record through multiple fund cycles, with the Gaja Capital Funds comprising Fund II, Fund III and Fund IV, supported by long-standing relationships with investors across more than 20 countries. The Company had committed approximately ₹274 crore as Sponsor Commitment, representing 6.41% of the total size of the Gaja Capital Funds as of March 31, 2026. The Company generates income through management fees, carried interest and gains from sponsor commitments, with a focus on capturing the economic value generated by the funds managed and advised by it. Gaja Capital follows an invest-and-collaborate approach, working closely with portfolio companies across areas such as product, sales, human resources and financial management. As of March 31, 2026, the Company had 37 personnel, including 23 permanent and 14 contractual employees. Strengths Well-established alternative asset management company with over 20 years of experience. Proven track record of consistent performance across Gaja Capital Funds. Focus on the high-growth alternative asset management industry in India. Differentiated invest-and-collaborate approach focused on value creation. Strong alignment of interests with investors through significant Sponsor Commitment. Experienced promoters and management team with deep industry expertise. Long-standing relationships with a diverse global investor base. Robust financial growth and strong balance sheet.

• Investing towards Sponsor Commitments to certain existing funds, new funds and for repayment of the Bridge Loan Amount as follows: (a) investing towards balance Sponsor Commitment to the following constituent funds of Fund IV and Bridge Loan Amount (i) Gaja Capital India Fund 2020 LLP; (ii) Gaja Capital India Fund 2020 (iii) Bridge Loan Amount (b) investing towards Sponsor Commitment to the proposed Fund V (c) investing towards Sponsor Commitment to the Secondaries Fund (₹372.00 Cr)
• General Corporate Purposes (₹44.25 Cr)
• Issue Expenses (₹42.60 Cr)

• <p>Gopal Jain
• Ranjit Jayant Shah
• Imran Jafar
• Chitra Jain
• Mona Ranjit Shah</p>

Book running lead managers

• JM Financial Ltd.
• IIFL Capital Services Ltd.

Registered office

302, 3rd Floor, Kanchenjunga Building,, 18, Barakhamba Road,, Connaught Place, Central Delhi,, New Delhi, New Delhi, 110001

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• RHPRed Herring Prospectus
• AnchorAnchor Investor List