Shares of Gaja Alternative Asset Management Ltd <a href="https://www.mid-day.com/business/stock-market/article/milky-mist-dairy-food-shares-debut-with-nearly-18-per-cent-premium-23645341" target="_blank" rel="none noopener">listed with a premium</a> of nearly 16 per cent against the issue price of Rs 160 on Wednesday.
The stock started trading at Rs 185.20, registering a jump of 15.75 per cent from the issue price on the BSE. On the NSE, it listed at Rs 185, up 15.62 per cent.
The company's market valuation stood at Rs 2,481.07 crore.
<a href="https://www.mid-day.com/business/business-news/article/ipo-a-guide-to-understanding-how-companies-get-listed-on-the-stock-exchanges-23644953" target="_blank" rel="none noopener">The initial public offering</a> of Gaja Alternative Asset Management Ltd was subscribed 31.33 times on the last day of bidding on Friday.
The Rs 550-crore IPO had a price band of Rs 152-160 per equity share.
The public issue had a fresh issuance of equity shares aggregating up to Rs 450 crore, and an offer-for-sale (OFS) of shares worth up to Rs 100 crore.
Proceeds from the fresh issue will be used for repayment of debt, seeding new funds and general corporate purposes.
Founded in 2004, Gaja Capital is a private equity and alternative asset management firm focused on providing growth capital to entrepreneurs. The firm has invested across sectors, including education, consumer and <a href="https://www.mid-day.com/business/business-news/article/sebi-disposes-proceedings-against-max-financial-max-life-axis-entities-in-rs-3911-crore-case-23646556" target="_blank" rel="none noopener">financial services</a>.
Its investment portfolio includes companies such as TeamLease, Lighthouse Learning, RBL Bank, John Distilleries, Xpressbees, Educational Initiatives, LeadSquared and Signzy.
In January 2025, the company converted from a private limited entity into a public limited company. It was renamed Gaja Alternative Asset Management Ltd.
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The company`s IPO was  31.33 times on the last day of bidding on Friday

Gaja Alternative Asset Management shares list at a premium of nearly 16 per cent

Consumer electronics brand boAt's FY 26 net profit rises 38 per cent to Rs 84.5 crore

The initial public offering of Gaja Alternative Asset Management Ltd was subscribed 31.33 times on the last day of bidding on Friday

Gaja Alternative Asset Management stock rises nearly 16 per cent in debut trade

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Home / Business / Business News / Article / Gaja Alternative Asset Management stock rises nearly 16 per cent in debut trade