Gaja Alternate Asset Management Share Price & Stock Analysis

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What is the Gaja Alternate Asset Management share price today? Gaja Alternate Asset Management is currently listed and trading. Check our charts for the latest listing performance.

Is Gaja Alternate Asset Management a good stock to buy? Review our AI forensic scores and fundamental analysis for Gaja Alternate Asset Management to understand the underlying financial health.

Key Stock Information

ViewIPO AI Analysis Score

The Gaja Alternate Asset Management Stock scored 58/100 (High Risk) in our deep analysis.

Frequently Asked Questions

What is the primary business of Gaja Alternative Asset Management Limited?

Gaja Alternative Asset Management Limited is an alternative asset management company that acts as an investment manager to India-focused Category I and II Alternative Investment Funds (AIFs) and as an advisor to offshore funds that provide capital to companies in India.

What were the key financial highlights for Gaja Alternative Asset Management in FY2026?

In FY2026, the company reported total income of ₹95.64 crore, profit after tax of ₹70.64 crore, and a PAT margin of 51.94%, with management fees contributing ₹75.85 crore (72.96%) of total income.

What is the sponsor commitment of Gaja Alternative Asset Management as of March 31, 2026?

As of March 31, 2026, Gaja Alternative Asset Management had committed approximately ₹274 crore as sponsor commitment to the Gaja Capital Funds, representing 6.41% of their total fund size.

How has the company's profitability trended over the past three years?

Profit after tax increased at a CAGR of 35.34% from FY2024 to FY2026, rising from ₹58.53 crore in FY2024 to ₹70.64 crore in FY2026, while PAT margin expanded from 43.04% to 51.94% over the same period.

What are the main risks associated with Gaja Alternative Asset Management's business model?

Key risks include volatility in carried interest income, negative operating cash flows in recent years, concentration in limited partners (top 10 contributing 63.42% of Fund IV), geographic concentration of portfolio companies in Western and Southern India, and dependence on third-party distributors for capital raising.

What is the issue size and price band for the Gaja Alternative Asset Management IPO?

The IPO has an issue size of ₹550 crore (approximately USD 654.76 million) and a price band of ₹152–₹160 per share (approximately USD 1.81–USD 1.90).

What is the lot size and minimum investment for the Gaja Alternative Asset Management IPO?

The lot size is 93 shares, and the minimum investment is ₹14,136 (based on the lower price band of ₹152).

What is the tentative listing date for the Gaja Alternative Asset Management IPO?

The tentative listing date for the Gaja Alternative Asset Management IPO is August 26, 2026.

How experienced is the management team at Gaja Alternative Asset Management?

As of March 31, 2026, the core team comprised 15 professionals, with senior leadership averaging 17 years of tenure and promoters having between 19 and 27 years of experience in alternative asset management and related sectors.

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Gaja Alternate Asset ManagementNSE / BSE:

Analyzed by ViewIPO Financial Research Team
Alternative Asset ManagementIndiaFiled 2026-08-19Listed 2026-08-26Size ₹550.29Cr
Lot Size 93
Listing Price ₹178.5
Listing Return
₹18.50 (+11.56%)
Live Subscription
32.98x Total
Check Allotment
Status Link

Is Gaja Alternate Asset Management a Good Stock? Quick Verdict

Gaja Alternate Asset Management IPO scored 58/100 (High Risk) in our deep analysis. The strongest pillar is Governance at 70/100, while Competition is the primary concern at 45/100. Gaja Alternative Asset Management Limited presents a compelling IPO with strong historical profitability, experienced management, and significant sponsor commitment, though operating cash flow volatility and concentration risk in limited partners warrant caution.

Stock Score
58/100
High Risk

Quick Verdict

Profit after tax grew at a CAGR of 35.34% from FY2024 to FY2026, reaching ₹70.64 crore in FY2026.
Maintained a net cash position with ₹41.56 crore borrowings against ₹71.07 crore cash and ₹24.15 crore liquid mutual funds as of March 31, 2026.
Sponsor commitment of ₹274 crore represents significant skin-in-the-game, aligning interests with fund investors.
Operating cash flow was negative in FY2026 (₹14.98 crore) and FY2025 (₹8.75 crore), primarily due to working capital changes.
Top 10 Limited Partners contributed 63.42% of Fund IV commitments, creating concentration risk in capital raising.

Company Snapshot

Revenue (TTM)
₹95.64Cr↑ -21.61% YoY
Profitability
PositiveNet Income ₹70.64Cr
Gross Margin
— 
Market Cap
₹1488CrAt upper band ₹160
Issue Size
₹550.29Cr 
Industry
Alternative Asset Management 
P/E Ratio
—Pending Data
Debt to Equity
0.29xLeverage

Risk Breakdown

Governance
70
Moderate
Financial
55
Expensive
Valuation
50
Expensive
Competition
45
Expensive
Dilution
65
Moderate
Promoter / Mgmt
60
Moderate

AI Summary

Gaja Alternative Asset Management Limited is an India-focused alternative asset manager with over two decades of experience managing Category I and II AIFs and advising offshore funds. The company has demonstrated strong financial performance, with profit after tax growing at a CAGR of 35.34% from FY2024 to FY2026 and PAT margin expanding to 51.94% in FY2026. As of March 31, 2026, it held Rs 274 crore in sponsor commitments across its funds and reported a net cash position with borrowings of Rs 41.56 crore against cash and liquid assets of Rs 95.22 crore. However, the company faces risks including volatile carried interest income, negative operating cash flows in recent years, geographic and investor concentration in its funds, and regulatory oversight by SEBI and other authorities.

Overall Verdict: Gaja Alternative Asset Management Limited presents a compelling IPO with strong historical profitability, experienced management, and significant sponsor commitment, though operating cash flow volatility and concentration risk in limited partners warrant caution.

Key Highlights

  • •Incorporated in 1999 as View Advisors Private Limited, rebranded to Gaja Capital, with over 25 years in alternative asset management.
  • •Managed and advised multiple funds including Fund II, Fund III, and Fund IV, with prior investments fully realised at 5.61x MOIC.
  • •As of March 31, 2026, total income comprised management fees (72.96%), carried interest (17.69%), and sponsor commitment income (6.67%) in FY2026.
  • •Limited partner base spans over 20 countries, with 63.42% of capital commitments sourced from outside India.
  • •Core team of 15 professionals with senior leadership averaging 17 years tenure; promoters have 19–27 years of industry experience.
  • •Reported PAT margin expansion from 43.04% in FY2024 to 51.94% in FY2026, reflecting improving profitability.
  • •Fund IV received commitments from 72 domestic limited partners, indicating broadening domestic investor participation.

Financial Performance

Revenue (Annual)

↓ -21.6% YoY

INR in Crores

Net Income (Annual)

↑ +9.9% YoY

INR in Crores

EBITDA vs PAT

EBITDA YoY

INR in Crores

EBITDA
PAT

Listing Timeline

IPO Opens2026-08-19
IPO Closes2026-08-21
Basis of Allotment2026-08-24
Refunds & Demat2026-08-23
Listing Date2026-08-26

Valuation Analysis

Issue Price₹160
Estimated Fair Value
Pending Data
Valuation Premium
Pending
vs Fair Value

Stock DNA

Growth
50
Governance
70
Profitability
55
Valuation
50
Competition
45
Execution
60

Pros vs Cons

Pros

  • Profit after tax increased at a CAGR of 35.34% between FY2024 and FY2026.
  • PAT margin expanded from 43.04% in FY2024 to 51.94% in FY2026.
  • As of March 31, 2026, borrowings stood at ₹41.56 crore against cash and cash equivalents of ₹71.07 crore and liquid mutual funds of ₹24.15 crore.
  • Sponsor commitment of ₹274 crore represents 6.41% of total fund size, indicating strong alignment of interests.
  • Management team has an average tenure of 17 years, with promoters possessing 19–27 years of industry experience.

Cons

  • Operating cash flow was negative in FY2026 (₹14.98 crore) and FY2025 (₹8.75 crore), primarily due to increases in financial assets and trade receivables.
  • Carried interest income is volatile and unpredictable, contributing 47.79% of FY2026 income but only 17.69% in FY2024.
  • Top 10 Limited Partners contributed 63.42% of Fund IV commitments, creating concentration risk in capital raising.
  • Portfolio companies are geographically concentrated, with 44.44% in Western India and 33.33% in Southern India as of March 31, 2026.
  • Reliance on third-party distributors for capital raising exposes the company to relationship and compliance risks.

Financial Health

Revenue Growth
-16.1% (FY24-FY26) (Weak)
Debt Level
Debt-to-equity of 0.29x (Excellent)
Cash & Equivalents
Cash and liquid assets of ₹95.22 crore vs debt of ₹41.56 crore (Excellent)

Institutional Signals

Anchor Investors
Undisclosed
VC Backing Tier
Not Applicable
Strategic Partners
Established global LP base across 20+ countries

Gaja Alternate Asset Management IPO Reddit Pulse & Sentiment

Real-time Reddit discussions & retail sentiment

No Public Data Available

We couldn't find any significant public discussions or retail sentiment threads for this IPO at the moment.

Disclaimer: These are raw community discussions aggregated from public forums. The AI summary and Reddit comments do not constitute financial advice. Always conduct your own independent research.

Gaja Alternate Asset Management Stock — Frequently Asked Questions

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Market Terminology Explained

Confused by terms like GMP, Kostak, or Subject to Sauda? Read our detailed guides in the IPO Glossary to understand the terminology before you invest.

Grey Market Premium (GMP)Subject to SaudaASBAOffer for Sale (OFS)
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Source Citation: All financial data and risk metrics are derived from the official prospectus filed with the regulator (SEBI DRHP/RHP). ViewIPO algorithms process this public data for informational purposes. Not financial advice.

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Frequently Asked Questions about Gaja Alternate Asset Management

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