Gaja Alternative IPO
Alternative Asset Management (AIF/PE Fund Manager) - Listed on 26 August 2026
Gaja Alternative IPO listing summary
Gaja Alternative (Alternative Asset Management (AIF/PE Fund Manager)) closed its IPO window in 2026 and listed on NSE and BSE on 26 August 2026 at an upper band issue price of Rs 160, opening at Rs 185 for a listing gain of +15.6% and closing day one at Rs 168.67 (+5.4% on closing basis). The IPO was subscribed 32.98x overall - QIB 45.87x, HNI/NII 65.63x, Retail 11.62x. The total issue size was Rs 550 Cr (Fresh Issue Rs 450 Cr, OFS Rs 100 Cr). IPO GMP data, subscription trends across Day 1 - Day 3 and Nifty performance around the listing window are detailed below.
Listing day performance
Subscription breakdown
Final (Day 3) subscription
Number of times each investor category subscribed by close of Day 3.
Day-wise overall subscription
How overall subscription built up across the three-day issue window.
Gaja Alternative IPO GMP history
Grey market premium (GMP) tracked day-by-day across the IPO window. Absolute GMP is the premium in rupees over the upper issue price; GMP % is that premium as a percent of the issue price.
| Day | GMP (Rs) | GMP % |
|---|---|---|
| Day 1 | Rs 14 | +8.75% |
| Day 2 | Rs 17 | +10.63% |
| Day 3 | Rs 11 | +6.90% |
| Day 4 | Rs 18 | +11.25% |
| Day 5 | Rs 20 | +12.50% |
GMP Prediction vs IPOGyani AI Prediction
Comparison between market-based GMP prediction and IPOGyani's AI-powered listing gain prediction.
Prediction Accuracy: 4.0 pp (Reasonably accurate)
Issue & financials
Market context at listing
How the broader market moved around the Gaja Alternative IPO window. Helpful for isolating how much of the listing gain came from company fundamentals vs. market tailwind.
Gaja Alternative IPO - FAQs
What was the listing gain of Gaja Alternative IPO?
Gaja Alternative IPO listed at +15.6% versus the upper issue price of Rs 160 on 26 August 2026.
How many times was Gaja Alternative IPO subscribed?
Gaja Alternative IPO was subscribed 32.98x overall. QIB portion was subscribed 45.87x, HNI / NII 65.63x and Retail 11.62x.
What was the IPO GMP for Gaja Alternative?
IPO GMP started at Rs 14 on Day 1 and moved to Rs 20 by the close of the issue window. See the day-by-day GMP table above for the full trajectory.