Gaja Alternative Asset Management IPO allotment is expected to be finalised today, Monday, August 24, bringing the wait to an end for investors. Once the allotment status is released, applicants can check it online through the IPO registrar’s website, as well as the allotment sections of the BSE and NSE. The grey market premium (GMP) is currently around 11%, signalling expectations of a reasonably strong listing.
The IPO was open for subscription from August 19 to August 21 and received an overwhelming response, with the issue subscribed 31.33 times overall. Investors placed bids for a substantial portion of the 2.53 crore shares on offer. Among investor categories, the retail portion was subscribed 11.04 times, while the Non-Institutional Investors (NII) segment saw 62.35 times subscription. The Qualified Institutional Buyers (QIB) category recorded the highest demand, with the issue subscribed 43.58 times.