More sections

Other pages for this IPO

Gaja Alternative Asset Management IPO Subscription Status

Q: 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.

Q: 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.

Q: 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%.

Q: 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.

Q: 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.

Q: 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.

Q: 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.

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.

Full Details Check GMP

Live Subscription Data
Day-wise Subscription History
Allotment Probability
What Does This Subscription Data Mean?
Frequently Asked Questions

Total Subscription

31.33 x

14,06,864 applications

QIB 43.58x

BHNI 72.22x

SHNI 42.61x

Retail 11.04x

Live Bidding

Category	Offered	Applied	Amount (Cr)	Bid Details	TIMES
QIB	72,36,840	31,53,82,716	5,046.12 Cr	31,53,82,716 of 72,36,840 62 applications 5,046.12 Cr	43.58x
1(a) Foreign Institutional Investors (FIIs)		8,97,37,188	1,435.80 Cr	8,97,37,188 1,435.80 Cr
1(b) Domestic Financial Institutions (Banks/FIs/Insurance)		11,52,02,169	1,843.23 Cr	11,52,02,169 1,843.23 Cr
1(c) Mutual Funds		1,41,26,049	226.02 Cr	1,41,26,049 226.02 Cr
1(d) Others		9,63,17,310	1,541.08 Cr	9,63,17,310 1,541.08 Cr
NII	54,27,632	33,84,17,979	5,414.69 Cr	33,84,17,979 of 54,27,632 98,008 applications 5,414.69 Cr	62.35x
2.1 Big NII — bid amount above ₹10 Lakh	36,18,422	26,13,36,138	4,181.38 Cr	26,13,36,138 40,696 applications 4,181.38 Cr	72.22
2.1(a) Corporates		44,70,789	71.53 Cr	44,70,789 71.53 Cr
2.1(b) Individuals (other than RIIs)		24,52,38,396	3,923.81 Cr	24,52,38,396 3,923.81 Cr
2.1(c) Others		1,16,26,953	186.03 Cr	1,16,26,953 186.03 Cr
2.2 Small NII — bid amount ₹2–10 Lakh	18,09,210	7,70,81,841	1,233.31 Cr	7,70,81,841 57,312 applications 1,233.31 Cr	42.61
2.2(a) Corporates		3,44,658	5.51 Cr	3,44,658 5.51 Cr
2.2(b) Individuals (other than RIIs)		7,34,17,269	1,174.68 Cr	7,34,17,269 1,174.68 Cr
2.2(c) Others		33,19,914	53.12 Cr	33,19,914 53.12 Cr
Retail	1,26,64,474	13,97,59,656	2,236.15 Cr	13,97,59,656 of 1,26,64,474 13,08,794 applications 2,236.15 Cr	11.04x
TOTAL	2,53,28,946	79,35,60,351	12,696.97 Cr	79,35,60,351 14,06,864 applications 12,696.97 Cr	31.33x

Last Updated: 08 Sep 2026, 01:37 PM

Gaja Alternative Asset Management IPO Basis of Allotment

Final figures published by the registrar, after technical rejections. Allotment price ₹160.

FINAL

Applications

14,06,884

Allottees

1,33,410

Overall Odds

1 in 11

Amount Collected

₹12,814 Cr

Category	AppsApplications	Shares Applied	Shares Allotted	GotAllottees	Odds
QIB 18.93x subscribed	82	32,53,77,519 ₹5,206 Cr	1,71,87,500 18.93x subscribed	82	AllAll allotted
Ex. Anchor Ex. Anchor	62	31,38,15,108	68,75,000 · 45.65x	62	AllAll allotted
Anchor Anchor Investors	20	1,15,62,411	1,03,12,500 · 1.12x	20	AllAll allotted
NII (HNI) 65.63x subscribed	98,008	33,83,90,079 ₹5,414 Cr	51,56,250 65.63x subscribed	3,960	1 in 251 in 25
bNII >₹10L bNII — above ₹10 Lakh	40,696	26,15,49,945	34,37,500 · 76.09x	2,640	1 in 151 in 15
sNII <₹10L sNII — below ₹10 Lakh	57,312	7,68,40,134	17,18,750 · 44.71x	1,320	1 in 431 in 43
Retail 11.40x subscribed	13,08,794	13,71,21,432 ₹2,193 Cr	1,20,31,250 11.40x subscribed	1,29,368	1 in 101 in 10
TOTAL 23.30x subscribed	14,06,884	80,08,89,030	3,43,75,000 23.30x subscribed	1,33,410	1 in 111 in 11

Subscription Insights

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

Subscription trends over the last 3 days

Date	Total	QIB	BHNI	SHNI	Retail
21 Aug 2026 DAY 3	31.33x	43.58x	72.22x	42.61x	11.04x
QIB 43.58x BHNI 72.22x SHNI 42.61x Retail 11.04x
20 Aug 2026 DAY 2	2.43x	0.1x	3.13x	5.54x	3.13x
QIB 0.1x BHNI 3.13x SHNI 5.54x Retail 3.13x
19 Aug 2026 DAY 1	0.86x	0.09x	0.78x	1.62x	1.2x
QIB 0.09x BHNI 0.78x SHNI 1.62x Retail 1.2x

IPO Guru on Android

Get live GMP alerts, subscription updates, and allotment status directly on your phone. Fast, Free, and Secure.

Get it on

Google Play

Anchor Investor Allocation

Breakdown of shares allotted to anchor investors before the IPO opening

#	Anchor Investor	Group Entity	Shares Allotted	Amt (₹ cr.)	% Allocated	% of Issue
1	NIPPON INDIA BANKING & FINANCIAL SERVICES FUND	NIPPON INDIA MUTUAL FUND	1875066	₹30.00 Cr	18.18%	5.45%
2	INVESCO INDIA FINANCIAL SERVICES FUND	INVESCO MUTUAL FUND	1687578	₹27.00 Cr	16.36%	4.91%
3	HDFC LIFE INSURANCE CO.LTD.	HDFC LIFE INSURANCE	780642	₹12.49 Cr	7.57%	2.27%
4	SBI LIFE INSURANCE CO.LTD.	SBI LIFE INSURANCE	625053	₹10.00 Cr	6.06%	1.82%
5	HELIOS SMALL CAP FUND	HELIOS MUTUAL FUND	625053	₹10.00 Cr	6.06%	1.82%
6	TRUST MF FLEXI CAP FUND	TRUST MUTUAL FUND	625053	₹10.00 Cr	6.06%	1.82%
7	SANSHI FUND-I	SANSHI	625053	₹10.00 Cr	6.06%	1.82%
8	BENGAL FINANCE & INVESTMENT PVT.LTD.	BENGAL FINANCE & INVESTMENT	625053	₹10.00 Cr	6.06%	1.82%
9	JM SMALL CAP FUND	JM FINANCIAL MUTUAL FUND	374976	₹6.00 Cr	3.64%	1.09%
10	GROWW MULTICAP FUND	GROWW MUTUAL FUND	348378	₹5.57 Cr	3.38%	1.01%
11	WINRO COMMERCIAL (INDIA) LTD.	WINRO COMMERCIAL	312582	₹5.00 Cr	3.03%	0.91%
12	BAJAJ LIFE INSURANCE LTD.	BAJAJ LIFE INSURANCE	312573	₹5.00 Cr	3.03%	0.91%
13	SAMCO ACTIVE MOMENTUM FUND	SAMCO MUTUAL FUND	312573	₹5.00 Cr	3.03%	0.91%
14	SOCIETE GENERALE-ODI	SOCIETE GENERAL	312573	₹5.00 Cr	3.03%	0.91%
15	JM MIDCAP FUND	JM FINANCIAL MUTUAL FUND	218643	₹3.50 Cr	2.12%	0.64%
16	SUMMIT EQUITY LONG-SHORT FUND	INVESCO MUTUAL FUND	187488	₹3.00 Cr	1.82%	0.55%
17	GROWW SMALL CAP FUND	GROWW MUTUAL FUND	151497	₹2.42 Cr	1.47%	0.44%
18	GROWW BANKING & FINANCIAL SERVICES FUND	GROWW MUTUAL FUND	125178	₹2.00 Cr	1.21%	0.36%
19	JM MULTI ASSET ALLOCATION FUND	JM FINANCIAL MUTUAL FUND	125085	₹2.00 Cr	1.21%	0.36%
20	JM VALUE FUND	JM FINANCIAL MUTUAL FUND	62403	₹1.00 Cr	0.61%	0.18%
	Total		10,312,500	₹164.98 Cr	99.99%

Gaja Alternative Asset Management IPO Allotment Probability

Retail (up to ₹2 L)

1 in 10

~10.4% chance per PAN — 1,308,794 applicants for 136,177 allotment slots. Winners get exactly 1 lot (₹14,880) by SEBI lottery, however many lots you bid.

Small HNI (₹2–10 L)

1 in 42

~2.4% chance — 57,312 applicants for 1,389 allotment slots. Lottery allots the minimum S-HNI application of 14 lots (₹2.1 L) per winner; bidding bigger doesn't improve odds.

Big HNI (above ₹10 L)

1 in 72

~1.4% chance — 40,696 applicants for 572 allotment slots. Lottery allots the minimum B-HNI application of 68 lots (₹10.1 L) per winner; the rest is proportionate.

QIB (institutions)

43.58x

Proportionate allotment — at 43.58x, institutions receive ~2.3% of their bid. No lottery; not open to individual investors. Strong institutional endorsement.

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:

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.
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.
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.
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 Questions

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.