Gaja Alternative Asset Management IPO GMP Today: Check Expected Listing Price, Day 3 Subscription Number

Gaja Alternative Asset Management IPO is attracting investor attention on the final day of its subscription where the IPO was subscribed around 1.39 times overall.

The grey market premium for the Gaja Alternative Asset Management IPO was around Rs. 24 to Rs. 25 per share on August 21st according to investorgain website.

Gaja Alternative Asset Management IPO Subscription Status

The IPO has received a mixed response across investor categories. As of the latest available figures, the Gaja Alternative Asset Management IPO was subscribed around 1.39 times overall. The retail investor portion was subscribed around 1.93 times, while the NII category received bids for approximately 1.86 times the shares on offer. Within the NII segment, the small NII category was subscribed around 2.83 times. The QIB portion subscribed around 0.10 times at the latest reading.

Investors will be watching the final subscription figures closely as the Gaja Alternative Asset Management IPO closes on August 21.

Gaja Alternative Asset Management IPO GMP

At the upper IPO price of Rs. 160 per share, a GMP of Rs. 24 indicates an estimated listing price of around Rs.184, shows a potential premium of about 15% over the issue price.

The Gaja Alternative Asset Management IPO grey market premium has, however, been volatile. The GMP was around Rs. 0 during the initial days before climbing to nearly Rs. 30 on August 18. It subsequently eased towards the Rs. 23-25 range.

Gaja Alternative Asset Management IPO Price Band

The Gaja Alternative Asset Management IPO price band has been fixed at Rs. 152 to Rs. 160 per share.

The IPO is valued at around Rs. 550 crore, comprising a fresh issue of Rs. 450 crore and an offer for sale (OFS) of Rs. 100 crore.

The IPO is aimed at providing investors with exposure to the alternative asset management business, a segment that has been gaining attention amid rising interest in alternative investment products in India.

Gaja Alternative Asset Management IPO Listing Date

The Gaja Alternative Asset Management IPO opened for subscription on August 19th and closes today, August 21st.
The Gaja Alternative Asset Management IPO allotment date is expected to be August 24, while the company's shares are likely to be listed on NSE and BSE on August 26th

Investors who apply for the IPO should therefore watch for the allotment status after the basis of allotment is finalised.

Should You Apply?

Anand Rathi has reportedly assigned a 'Subscribe Long Term' rating to the IPO. The brokerage's positive view is based on the company's exposure to India's alternative asset management industry, which is considered a growth segment as investors increasingly look beyond traditional investment products.