- Share.Market
- 6 min read
- 20 Aug 2026
Gaja Alternative Asset Management IPO Allotment Status – Updated 17 August 2026: Allotment is scheduled for Monday, 24 August 2026. This guide explains when allotment should be visible, where to check it, and what happens after allotment.
Key Takeaways
- Allotment date: expected to be finalised on 24 August 2026, since the 22–23 August weekend pushes the T+1 date to the next working Monday.
- Registrar: MUFG Intime India Pvt. Ltd. – check status there first, or via BSE/NSE.
- Listing date: tentatively set for 26 August 2026 on both BSE and NSE.
- Price band and lot size: ₹152–₹160 per share, in lots of 93 shares.
- Use of proceeds: most of the ₹450 crore fresh issue goes toward sponsor commitments to Gaja Capital’s funds and repaying a bridge loan; the separate ₹100 crore offer-for-sale goes to the promoters and other selling shareholders, not the company.
Gaja Alternative Asset Management IPO: Key Details at a Glance
| IPO Name | Gaja Alternative Asset Management Limited |
| Issue Type | Mainboard |
| Listing At | BSE & NSE |
| Price Band | ₹152 – ₹160 per share |
| Face Value | ₹5 per share |
| Lot Size | 93 shares |
| Minimum Retail Investment | ₹14,880 (at upper price band) |
| Issue Size | ₹550 crore (fresh issue of ₹450 crore plus an offer for sale of ₹100 crore) |
| Offer for Sale By | Promoters Ranjit Jayant Shah and Imran Jafar, together with other existing shareholders |
| Lead Managers | JM Financial, IIFL Capital Services |
| Registrar | MUFG Intime India Pvt. Ltd. |
What Is the Gaja Alternative Asset Management IPO Timeline?
| Anchor Bidding | 18 August 2026 |
| Bid Opens | 19 August 2026 |
| Bid Closes | 21 August 2026 |
| Basis of Allotment (Expected) | 24 August 2026 |
| Refund Initiation (Non-Allottees) | 25 August 2026 |
| Credit of Shares to Demat | 25 August 2026 |
| Listing Date (Tentative) | 26 August 2026 |
When Will Gaja Alternative Asset Management IPO Allotment Be Out?
IPO allotment in India follows a fixed regulatory timeline. The registrar finalises the basis of allotment on T+1 — one working day after the issue closes. For Gaja Alternative Asset Management, with bidding closing on Friday, 21 August, allotment is expected to be finalised on Monday, 24 August 2026, since 22–23 August falls on a weekend. Refunds and demat credit should follow by 25 August, with listing tentatively set for 26 August 2026 on both BSE and NSE.
How to Check Gaja Alternative Asset Management IPO Allotment Status
Method 1: Via MUFG Intime (Registrar)
MUFG Intime is the official registrar for this IPO and the fastest source for allotment data, since it manages the process directly.
- Visit the MUFG Intime IPO allotment status page.
- Select “Gaja Alternative Asset Management Limited” from the company dropdown.
- Choose your verification method – PAN, Application Number, or DP/Client ID.
- Enter the details and submit to view your allotment status.
Method 2: Via BSE
- Visit the BSE Application Status Check page.
- Select “Gaja Alternative Asset Management Limited” as the issue name.
- Enter your Application Number and PAN.
- Submit to view your status. Data stays available on BSE for about a week after issue closure.
Method 3: Via NSE
- Visit NSE’s bid verification page.
- Complete one-time registration with your PAN if you haven’t already.
- Select “Gaja Alternative Asset Management Limited” and view your application status.
How Is the Basis of Allotment Decided?
The basis of allotment follows SEBI’s standard framework and is the same across mainboard IPOs, including Gaja Alternative Asset Management. In the retail category, if the issue is oversubscribed, allotment is done through a computerised lottery (draw of lots), so each successful applicant gets at least one full lot rather than a partial allocation. In the NII and QIB categories, allotment is proportionate to the shares bid for, subject to the rounding rules the registrar applies when a category is oversubscribed.
What Happens If You’re Not Allotted Shares?
If you don’t receive an allotment, the amount blocked through ASBA is unblocked automatically, and refunds for other application modes are processed by 25 August 2026. You’ll also get an email/SMS update from the registrar and your depository.
What Will Gaja Alternative Asset Management Do With the IPO Proceeds?
Of the ₹450 crore fresh issue, about ₹372 crore is earmarked for sponsor commitments to Gaja Capital’s existing and upcoming funds (including Fund V and a secondaries fund) and repayment of a bridge loan, with the remainder for general corporate purposes. The separate ₹100 crore offer-for-sale is the sale of existing shares by promoters Ranjit Jayant Shah and Imran Jafar, together with other existing shareholders — that money goes to them personally, not to the company.
Who Is Gaja Alternative Asset Management Limited?
Gaja Alternative Asset Management Limited, operating under the Gaja Capital brand, is a home-grown, independent alternative asset manager that has run a mid-market private equity strategy in India since 2004, investing through successive Gaja Capital Funds. It acts as an investment manager to India-focused Category I and II AIFs and as an adviser to offshore funds investing in India, earning management fees and carried interest. The company’s promoters are Gopal Jain (Managing Director & CEO), Ranjit Jayant Shah (Executive Vice-Chairman), and Imran Jafar (Executive Director), together with Chitra Jain and Mona Ranjit Shah. Its portfolio has included companies such as TeamLease, Lighthouse Learning, RBL Bank, John Distilleries, Xpressbees, and LeadSquared. This IPO is notable as one of the first standalone Indian private-equity/alternative-asset-management firms to list on the public markets.
Related Reading on Share.Market
Gaja Alternative Asset Management is one of several IPOs currently open or upcoming. Track live and upcoming mainboard and SME IPOs on the Share.Market IPO page, and read our related guides on how to check IPO allotment status, how to invest in an IPO, and how many lots to apply for to improve your chances of allotment.
Don’t want to miss the next IPO? Open a free demat account on Share.Market in minutes and apply the moment bidding opens.
FAQs
Allotment is expected to be finalised on 24 August 2026, since the 22–23 August weekend pushes the T+1 date after bidding closes on 21 August.
You can check using your PAN alone on the MUFG Intime registrar portal, or via NSE after one-time PAN registration.
MUFG Intime India Pvt. Ltd. is the official registrar handling allotment for this issue.
JM Financial Limited and IIFL Capital Services Limited are the book-running lead managers.
The IPO is tentatively scheduled to list on 26 August 2026, on both the BSE and NSE.
Your blocked application amount is released automatically for ASBA applications, or refunded by 25 August 2026.
Retail allotment is decided by a computerised lottery when the category is oversubscribed, so each successful applicant gets at least one lot. NII and QIB allotment is proportionate to the shares bid for, subject to the registrar’s rounding rules.
About ₹372 crore of the ₹450 crore fresh issue funds sponsor commitments to Gaja Capital’s funds and repays a bridge loan; the rest is for general corporate purposes. The ₹100 crore offer-for-sale goes to the selling promoters and other shareholders, not the company.
The promoters are Gopal Jain, Ranjit Jayant Shah, Imran Jafar, Chitra Jain, and Mona Ranjit Shah. The minimum retail investment is one lot of 93 shares, which comes to ₹14,880 at the upper price band.
It is one of the first standalone Indian private-equity/alternative-asset-management firms to go public — most PE and AMC listings in India to date have been through subsidiaries of larger financial groups rather than independent PE firms.
