Gaja Alternative Asset Management IPO Subscription Status
Last updated: 24 Aug 2026, 3:00 am IST
| Category | Subscription |
|---|---|
| QIB | 45.87x |
| NII | 65.63x |
| sNII (₹2L–₹10L) | 44.85x |
| bNII (above ₹10L) | 76.03x |
| Retail (RII) | 11.61x |
| Total | 32.98x |
Bidding day 3
Day-wise subscription
| Day | QIB | sNII | bNII | Retail | Total |
|---|---|---|---|---|---|
| Day 1 | 0.1x | 1.7x | 0.83x | 1.27x | 0.9x |
| Day 2 | 0.1x | 5.83x | 3.29x | 3.3x | 2.56x |
| Day 3 | 45.87x | 44.85x | 76.03x | 11.61x | 32.98x |
Times subscribed per category (bids vs shares offered, anchor portion excluded). Figures update through the bidding window.
How the book filled
Day-by-day demand
Demand in the Gaja Alternative Asset Management IPO accumulated over 3 days of bidding: overall subscription stood at 0.9× at the close of day 1, read 2.56× at the end of day 2, and finished at 32.98× on day 3. On the final day it was non-institutional investors (NII) driving the book, at 65.63× of the shares set aside for the category. More than half of the final demand arrived after day 1 — a late-building book. The largest single-day addition came on day 3, when the overall multiple moved from 2.56× to 32.98×.
Category detail
The QIB portion ended at 45.87×. Non-institutional investors came in at 65.63×, split 44.85× in the small-NII bucket (bids under ₹10 lakh) and 76.03× among big NIIs (above ₹10 lakh). Within the NII book, the bigger ₹10-lakh-plus bids outpaced the smaller applications. Retail investors put in bids for 11.61× the shares reserved for them. That puts non-institutional investors (NII) at the top of the book at 65.63× and retail investors at the bottom at 11.61×.
What the multiple means for allotment
Retail bids ran to about 11.61 times the shares earmarked for the category. When a retail book is oversubscribed, the registrar does not allot proportionately — allotment runs as a computerised lottery among all valid applications, with each successful application receiving at least one lot of 93 shares — ₹14,880 of stock at the upper band. The multiple above is the data point that determines how thinly that draw is spread; it describes the final book, not the outcome of any single application.
Frequently asked questions
- When does the Gaja Alternative Asset Management IPO open and close?
- The Gaja Alternative Asset Management IPO opens on 19 Aug 2026 and closes on 21 Aug 2026.
- How many times was the Gaja Alternative Asset Management IPO subscribed?
- The Gaja Alternative Asset Management IPO was subscribed 32.98 times in total across all investor categories.
- What is the reservation split in the Gaja Alternative Asset Management IPO?
- Of the total shares offered, retail investors get 35%, QIBs 20% (plus 30% anchor), non-institutional investors 15%.