Gaja Alternative Asset Management IPO Subscription Status
Gaja Alternative Asset Management IPO was subscribed 31.33 times when bidding closed on 21 Aug 2026: QIB 43.58x, NII 62.35x, Retail 11.04x.
The Gaja Alternative Asset Management IPO has been subscribed 31.33x times overall. Retail investors have shown interest with bids for 11.04x the shares available. The Non-Institutional Investor (NII) category has been subscribed 62.35x. Within NII, Big HNI (B-HNI) subscribed 72.22x and Small HNI (S-HNI) subscribed 42.61x. Qualified Institutional Buyers (QIBs) have subscribed 43.58x. Data last updated on 08 Sep, 01:37 PM.
The IPO subscription period has ended. Given the strong demand, the allotment process is expected to be highly competitive. The issue opened on 19 Aug, 2026 and closes on 21 Aug, 2026. The shares are expected to list on stock exchanges on 26 Aug, 2026.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
Live bidding
Shares bid against shares offered, category by category, as published by the exchanges. Switch to Detailed for the exchange's own sub-category rows.
| Category | Bid details | Times |
|---|---|---|
| QIB | 31,53,82,716 of 72,36,840 62 applications 5,046.12 Cr | 43.58x |
| NII | 33,84,17,979 of 54,27,632 98,008 applications 5,414.69 Cr | 62.35x |
| Retail | 13,97,59,656 of 1,26,64,474 13,08,794 applications 2,236.15 Cr | 11.04x |
| TOTAL | 79,35,60,351 14,06,864 applications 12,696.97 Cr | 31.33x |
Gaja Alternative Asset Management IPO Basis of Allotment
Final Final figures published by the registrar, after technical rejections. Allotment price ₹160.
| Category | AppsApplications | GotAllottees | Odds |
|---|---|---|---|
| QIB 18.93x subscribed | 82 | 82 | AllAll allotted |
|
Ex. Anchor
Ex. Anchor
|
62 | 62 | AllAll allotted |
|
Anchor
Anchor Investors
|
20 | 20 | AllAll allotted |
| NII (HNI) 65.63x subscribed | 98,008 | 3,960 | 1 in 251 in 25 |
|
bNII >₹10L
bNII — above ₹10 Lakh
|
40,696 | 2,640 | 1 in 151 in 15 |
|
sNII <₹10L
sNII — below ₹10 Lakh
|
57,312 | 1,320 | 1 in 431 in 43 |
| Retail 11.40x subscribed | 13,08,794 | 1,29,368 | 1 in 101 in 10 |
| TOTAL 23.30x subscribed | 14,06,884 | 1,33,410 | 1 in 111 in 11 |
Subscription insights
What the current book is saying, read off the category numbers above.
Retail Allotment
Subscription is above 1x. While a lottery is guaranteed, your probability of allotment is approximately 9.1% for a single lot.
Institutional Backing
Massive institutional interest with QIBs subscribing 43.58x. This often signals long-term confidence from professional funds.
Day-wise subscription history
End-of-day subscription across the 3-day bidding window. On phones, tap a day for the category split.
| Date | Total | ||
|---|---|---|---|
|
21 Aug 2026
Day 3 |
31.33x | ▼ | |
|
QIB43.58x
BHNI72.22x
SHNI42.61x
Retail11.04x
|
|||
|
20 Aug 2026
Day 2 |
2.43x | ▼ | |
|
QIB0.1x
BHNI3.13x
SHNI5.54x
Retail3.13x
|
|||
|
19 Aug 2026
Day 1 |
0.86x | ▼ | |
|
QIB0.09x
BHNI0.78x
SHNI1.62x
Retail1.2x
|
|||
Gaja Alternative Asset Management IPO dates
From the bidding window to listing. Today is 28 September.
- Open 19 Aug 2026
- Close 21 Aug 2026
- Allotment 24 Aug 2026
- Refund/credit 25 Aug 2026
- Listing 26 Aug 2026
Anchor investor allocation
Shares allotted to anchor investors the working day before the issue opened.
Gaja Alternative Asset Management IPO allotment probability
Your odds of an allotment in each category at the current subscription.
Odds marked with applicant counts are computed from the exchange's actual application data (applicants ÷ allotment slots); others assume minimum-size bids at the current subscription multiple. Retail and HNI allotment is by SEBI-mandated lottery of the minimum application when oversubscribed; QIB allotment is proportionate. Numbers move until subscription closes. This is not investment advice.
What does this subscription data mean?
IPO subscription data tells you how much demand exists for the shares being offered, broken down by investor category. Understanding each category helps you gauge the real sentiment behind the numbers:
- 01 QIB (Qualified Institutional Buyers) — includes mutual funds, FIIs, insurance companies, and banks. QIBs do deep due diligence before bidding. A QIB subscription above 10x is a strong institutional endorsement. Watch QIB numbers closely on the final day — they often hold back and flood in after 3 PM.
- 02 NII / HNI (Non-Institutional Investors) — high-net-worth individuals bidding above ₹2 lakh. NII allotment is proportionate (not lottery), so higher NII subscription means smaller per-lot allotment. Big HNI (B-HNI) bids above ₹10 lakh; Small HNI (S-HNI) bids ₹2–10 lakh.
- 03 Retail — individual investors bidding up to ₹2 lakh. When retail is below 1x, everyone who applied gets full allotment. When oversubscribed, SEBI mandates a computerised lottery — only 1 lot per successful applicant regardless of how many lots you apply for.
- 04 Overall Subscription — a blended multiple across all categories. A total subscription above 10x is considered strong; above 50x is exceptional and usually predicts strong listing gains.
Data sourced from BSE/NSE. Subscription numbers are updated during market hours (10 AM – 5 PM IST) on active subscription days.
Frequently asked
What is the current subscription status of Gaja Alternative Asset Management IPO?
As of IPO close date (21 Aug, 2026), the Gaja Alternative Asset Management IPO is subscribed 31.33x times. Retail category is 11.04x, and NII is 62.35x subscribed.
When is the allotment date for Gaja Alternative Asset Management IPO?
The allotment for Gaja Alternative Asset Management IPO is expected to be finalized on 24 August, 2026.
What is the GMP of Gaja Alternative Asset Management?
The Grey Market Premium (GMP) for Gaja Alternative Asset Management is currently ₹18.5, indicating a potential listing gain of 11.56%.
When will Gaja Alternative Asset Management IPO list on the stock market?
Gaja Alternative Asset Management is scheduled to list on BSE and NSE on 26 August, 2026.
What are the chances of getting allotment in Gaja Alternative Asset Management IPO?
The retail category is oversubscribed at 11.04x, meaning allotment is by lottery. Statistically, approximately 1 in 12 applicants will receive allotment. Applying with multiple family member accounts (each at minimum lot size) improves your cumulative odds.
What does QIB subscription of 43.58x mean for Gaja Alternative Asset Management IPO?
Strong — QIBs (mutual funds, FIIs, insurance companies) have subscribed 43.58x, indicating high institutional conviction. Heavy QIB demand is historically one of the strongest predictors of a positive listing.
How to check Gaja Alternative Asset Management IPO allotment status?
After the allotment date (24 Aug, 2026), you can check your Gaja Alternative Asset Management IPO allotment status on IPO Guru's allotment checker, on the BSE/NSE website using your PAN or application number, or through your broker's app.
Explore Gaja Alternative Asset Management IPO further
Track every stage of this IPO, from subscription to listing.
It has listed — go back to the fundamentals.
Live grey market premium, Kostak and Subject to Sauda, with the day-wise trend.
What brokers and analysts are saying about this issue, in one place.
Check with your PAN whether shares were credited to your demat account.
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Not investment advice. Subscription figures are as published by BSE/NSE and change until bidding closes.
