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Gaja Alternative Asset Management IPO GMP signals about a 12% pop
The IPO was subscribed more than 30 times, and grey market pricing implies a premium of ₹19 over the ₹152 to ₹160 issue band.
Gaja Alternative Asset Management’s IPO allotment is in focus after bidding for the deal ended on 21 August 2026, according to LiveMint Markets. The public issue was subscribed to over 30 times during three days of bidding, shifting attention to when share allocation results will be published and when the stock is expected to list.
Grey market activity continues to point to a strong trading debut, with the IPO grey market premium (GMP) indicating the shares are available at a premium of ₹19, the outlet said. That premium is about 12% higher than the upper end of the company’s IPO price band of ₹160 per equity share.
Because India’s T+3 listing rule requires listing within three working days of the end of bidding, the listing could not extend beyond 26 August, LiveMint Markets added. Market expectations also point to finalisation of share allocation on Monday, 24 August 2026.
Investors can check allotment status online by logging in via the BSE website or MUFG Intime India, the IPO registrar. LiveMint Markets noted that the direct BSE allotment link and the MUFG Intime India public-issues page are available for applicants to view their status.