GAJA replaces asset management company with SEBI confidential IPO file confidentiality
GAJA Alternative Asset Management Ltd, operated under the brand Gaja Capital, has submitted the draft documents to the Securities and Exchange Commission of India (SEBI) for a potential initial public offering (IPO).
On Monday (June 30), the company announced that it had submitted a pre-grazed Red Herring Prospectus (DRHP) with SEBI and proposed a stock exchange for stocks on the head board.
However, it stressed that this submission does not guarantee that the company will continue to conduct an IPO.
Profit utilization
According to sources familiar with the matter, the IPO proceeds are expected to be used to provide new funding and capital to expand Indian and international distribution capabilities. These funds will also support diversification into new investment strategies.
In addition to supporting growth plans, IPOs may also provide increased visibility and brand awareness such as Gaja Capital.
Earlier this month, Gaja Capital raised Rs 125 crore in the previous round of the IPO, bringing the company to Rs 1625 crore.
What is the role of GAJA replacement asset management?
Founded in 2004, Gaja Capital is a well-known Indian private equity and alternative asset management company that provides growth capital for entrepreneurs. The company has invested in areas such as education, consumer goods and financial services.
In January 2025, the company converted from a private limited entity to a public limited entity and renamed it to GAJA Alternative Asset Management Co., Ltd.
If completed, this will be the IPO of India-Royal Independent Private Equity Company managing alternative assets.
Internationally, major private equity firms such as Blackstone, KKR, Apollo Global Management, Carlyle Group and TPG have been listed and have been expanded into various asset classes. In India, listed asset management companies such as HDFC, Nippon, UTI and Aditya Birla also manage alternative funds as part of their extensive operations.
