Gaja Alternative IPO GMP Signals 8.75% Listing Premium
· Business · LiveMint, Economic Times, Moneycontrol
The Gaja Alternative Asset Management IPO, priced between ₹152 and ₹160 per share, has reached a subscription level of 16.57x as of its third day. With a current grey market premium of ₹14, the expected listing price is ₹174, representing an 8.75% premium over the upper price band. The issue includes a fresh share offering of ₹450 crore and an offer-for-sale of ₹100 crore, with final allotment scheduled for 24 August. Shares are set to debut on the NSE and BSE on 26 August.
Why it matters
The IPO's performance provides a benchmark for investor sentiment toward alternative asset management firms in India's current market climate.
Read the original report — LiveMint
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