The highly anticipated Gaja Alternative Asset Management Initial Public Offering (IPO) is set to finalize its share allotment on Monday, August 24. Investors who successfully bid for shares will be able to verify their application status across multiple platforms. The company's equity shares are scheduled to list on both the BSE and NSE on Wednesday, August 26.
The IPO, which saw robust demand from all investor categories, was offered in a price band of Rs 152 to Rs 160 per equity share. Applicants placed bids for a lot size of 93 shares or multiples thereof, with the offering aiming to raise Rs 550 crore.
How to Check Gaja Alternative Assets IPO Allotment Status
Applicants eager to confirm their Gaja Alternative Assets IPO allotment status have three primary methods available:
Via MUFG Intime (Official Registrar)
As MUFG Intime India Limited is the official registrar for the Gaja Alternative Assets IPO, their web portal will host the definitive allotment status. Follow these steps:
- Visit the official MUFG Intime India Limited IPO allotment page.
- From the dropdown menu, select "Gaja Alternative Asset Management Limited" once the allotment is finalized.
- Choose one of three verification modes: Application Number, Demat Account Number, or PAN ID.
- Specify your application type (ASBA or non-ASBA).
- Enter the required details corresponding to your chosen verification mode.
- Complete the security captcha accurately.
- Click "Submit" to view your allotment status.
Via NSE Website
The National Stock Exchange (NSE) also provides a facility to check IPO allotment status:
- Navigate to the NSE's dedicated IPO allotment status page.
- Select "Equity & SME IPO Bid details."
- Under "Select Symbol," choose "GAJA."
- Input your PAN Number and Application Number.
- Click "Submit" to proceed with the check.
Via BSE Website
The Bombay Stock Exchange (BSE) offers another option for checking your IPO status:
- Go to the BSE's investor application check page (https://www.bseindia.com/investors/appli_check.aspx).
- Under "Issue Type," select "Equity."
- From the "Issue Name" dropdown, find and select "Gaja Alternative Asset Management Limited."
- Enter your application number.
- Provide your PAN card ID.
- Check the "I am not a Robot" box and click "Search."
IPO Subscription Details and Allotment Odds
The Gaja Alternative Asset Management IPO witnessed significant oversubscription, totaling 31.33 times across all categories, attracting over 14.36 lakh applications and bids worth more than Rs 12,700 crore. Individual category subscriptions were as follows:
- Non-Institutional Investors (NIIs): Subscribed 62.35 times.
- Qualified Institutional Buyers (QIBs): Subscribed 43.58 times.
- Retail Investors: Subscribed 11.04 times.
Given the strong demand, the odds of allotment for various investor categories were:
- Big HNI category (bNII): Approximately 1 in 15 investors received 1,302 shares (6.67% probability).
- Small HNI category (sNII): Roughly 1 in 43 investors received 1,302 shares (2.33% probability).
- Retail category: About 1 in 10 investors received 93 shares (10% probability).
Grey Market Premium (GMP) and Listing Outlook
Following the robust subscription figures, the Grey Market Premium (GMP) for Gaja Alternative Assets has shown an upward trend. The latest reported GMP was around Rs 19-20 per share, indicating a potential listing gain of approximately 12 percent for investors. This is an increase from the Rs 15 GMP observed during the bidding period.
Key Dates and Managers
The IPO was open for subscription from August 19 to August 21. Refunds for unsuccessful bids are expected to be processed on Tuesday, August 25. JM Financial Ltd and IIFL Capital Services served as the book-running lead managers for the issue, with MUFG India Intime acting as the official registrar.