Gaja Alternative Asset Management Limited Announced it’s Initial Public Offer (IPO) to open on Wednesday, August 19, 2026Price Band has been fixed from ₹ 152 to ₹ 160 per Equity Share

Photo 1: (From left to Right) –
• Mr. Imran Jafar, Executive Director – Gaja Alternative Asset Management Limited
• Mr. Gopal Jain , Managing Director and Chief Executive Officer- Gaja Alternative Asset Management Limited
• Mr. Ranjit Jayant Shah, Executive Vice-Chairman -Gaja Alternative Asset Management Limited

Photo 2: (From left to Right)-
• Mr. Khushal Shah, Director- JM Financial Limited
• Mr. Imran Jafar, Executive Director – Gaja Alternative Asset Management Limited
• Mr. Gopal Jain , Managing Director and Chief Executive Officer- Gaja Alternative Asset Management Limited
• Mr. Ranjit Jayant Shah, Executive Vice-Chairman -Gaja Alternative Asset Management Limited
• Mr. Prithvi Haldea – Director on the Board, Chairman CSR and IPO Committee and Member of the Risk Management Committee
• Mr. Pinak Bhattacharya, President, IIFL Capital Services Limited

Gaja Alternative Asset Management Limited’s Initial Public Offer to open on Wednesday, August 19, 2026

Price Band has been fixed from ₹ 152 to ₹ 160 per Equity Share
The Floor Price is 30.40 times and the Cap Price is 32.00 times of the face value (₹5 per share) of the Equity shares
Bid/Offer will open on Wednesday, August 19, 2026 and close on Friday, August 21, 2026 (“Bid Dates”)
The Anchor investor Bid/Offer Period shall be on Tuesday, August 18, 2026
Bids can be made for a minimum of 93 Equity Shares and in multiples of ₹5 Equity Shares thereafter (“No. of Bids”)

RHP Link : https://live.jmfl.com/od/UploadedFiles/16BC4ED1-5363-4ADF-8CA2-0EDA83C83E1F.pdf

National, August 13, 2026 (GNI) : Gaja Alternative Asset Management Limited (The “Company”), shall open the Bid/Offer in relation to its Initial Public Offer of Equity shares on Wednesday August 19, 2026.
The Price Band of the Offer has been fixed at ₹ 152 to ₹ 160 per Equity Share. (“Price Band”).
Bids can be made for a minimum of 93 Equity Shares and in multiples of ₹5 Equity Shares thereafter. (“Minimum Bid Lot”).
The Anchor Investor Bidding Date shall be Tuesday, August 18, 2026. The Bid/Offer shall open on Wednesday August 19, 2026 and Bid /Offer shall close on Friday, August 21, 2026.
The total offer size of equity shares with face value of ₹5 each aggregating up to ₹ 550 crore, comprises of a fresh issue of equity shares aggregating up to ₹ 450 crore and an Offer for sale of equity shares aggregating up to ₹ 100 crore .

The company proposes to utilize the net proceeds from the fresh issue by Investing towards balance Sponsor Commitment to the following constituent funds of Fund IV and for repayment of the Bridge Loan Amount: (i) Gaja Capital India Fund 2020 LLP; (ii) Gaja Capital India Fund 2021 (formerly known as Gaja Capital India Fund 2020); and (iii) Bridge Loan Amount. Investing towards its Sponsor Commitment to the proposed Fund V; and investing towards its Sponsor Commitment to the Secondaries Fund and general corporate purposes.
The Equity Shares to be offered through this Red Herring Prospectus are proposed to be listed on the BSE Limited (“BSE”) and National Stock Exchange of India Limited (“NSE” and together with BSE, the “Stock Exchanges”). For the purposes of the Offer, NSE is the Designated Stock Exchange.
JM Financial Limited and IIFL Capital Services Limited (formerly known as IIFL Securities Limited) are the book running lead managers to the issue.
The Offer is being made through the Book Building Process, in terms of Rule 19(2)(b) of the Securities Contract (Regulation) Rules, 1957 as amended (the “SCRR”), read with Regulation 31 of the SEBI ICDR Regulations and in compliance with Regulation 6(1) of the SEBI ICDR Regulations, wherein not more than 50% of the Offer shall be available for allocation on a proportionate basis to Qualified Institutional Buyers (“QIBs”, and such portion, the “QIB Portion”), provided that our Company may, in consultation with the BRLMs, allocate up to 60% of the QIB Portion to Anchor Investors on a discretionary basis, in accordance with the SEBI ICDR Regulations (the “Anchor Investor Portion”), of which 40% shall be reserved for allocation in the following manner (i) 33.33% of the Anchor Investor Portion shall be reserved for domestic Mutual Funds; and (ii) 6.67% of the Anchor Investor Portion shall be reserved for Life Insurance Companies and Pension Funds, subject to valid Bids being received from domestic Mutual Funds, Life Insurance Companies and Pension Funds, as applicable, at or above the Anchor Investor Allocation Price. Any under-subscription in the portion for Life Insurance Companies and Pension Funds as specified in (ii) above, may be allocated to domestic Mutual Funds, in accordance with the SEBI ICDR Regulations. In the event of under-subscription or non-allocation in the Anchor Investor Portion, the balance Equity Shares shall be added to the remaining QIB Portion (“Net QIB Portion”).

Further, 5% of the Net QIB Portion shall be available for allocation on a proportionate basis only to Mutual Funds, and the remainder of the Net QIB Portion shall be available for allocation on a proportionate basis to all QIBs, including Mutual Funds, subject to valid Bids being received at or above the Offer Price. However, if the aggregate demand from the Mutual Funds is less than 5% of the Net QIB Portion, the balance Equity Shares available for allocation will be added to the remaining QIB Portion for proportionate allocation to QIBs. Further, not less than 15% of the Offer shall be available for allocation on a proportionate basis to Non-Institutional Bidders in accordance with the SEBI ICDR Regulations, subject to valid Bids being received at or above the Offer Price, out of which (a) one-third of such portion shall be reserved for Bidders with application size of more than ₹200,000 and up to ₹1,000,000; and (b) two-thirds of such portion shall be reserved for Bidders with application size of more than ₹1,000,000, provided that the unsubscribed portion in either of such sub-categories may be allocated to Bidders in the other sub-category of Non-Institutional Bidders; and not less than 35% of the Offer shall be available for allocation to Retail Individual Bidders in accordance with the SEBI ICDR Regulations, subject to valid Bids being received at or above the Offer Price.
All potential Bidders (except Anchor Investors) are mandatorily required to utilize the Application Supported by Blocked Amount (“ASBA”) process by providing details of their respective ASBA accounts and UPI ID in case of UPI Bidders using the UPI Mechanism, as applicable, pursuant to which their corresponding Bid Amount will be blocked by the Self Certified Syndicate Banks (“SCSBs”) or by the Sponsor Banks under the UPI Mechanism, as the case may be, to the extent of the respective Bid Amounts. Anchor Investors are not permitted to participate in the Offer through the ASBA process.

fined above and has filed the RHP with RoC and the Stock Exchanges on August 12, 2026. The RHP is available on the website of the SEBI at www.sebi.gov.in, the websites of the Stock Exchanges at www.bseindia.com and www.nseindia.com, respectively, the website of the Company at www.gajacapital.com and on the websites of the Book Running Lead Managers (“BRLMs”), i.e. JM Financial Limited and IIFL Capital Services Limited (formerly known as IIFL Securities Limited) at www.jmfl.com and www.iiflcapital.com, respectively.ends GNI