Gaja Alternative Asset Management, a home-grown alternative asset management company, entered the second day of its IPO bidding with strong investor interest. In the grey market, the company’s shares are reportedly trading at a 14 per cent premium, down from the earlier 19 per cent, still indicating the possibility of decent listing gains.
On Day 1, the IPO was subscribed 86 per cent overall, with 2.53 crore shares on offer. The retail portion was fully subscribed, receiving bids for 1.20 times the 1.26 crore shares reserved for retail investors.
