Gaja Alternative Asset Management IPO received a strong response from investors, with the issue getting subscribed 31.33 times by the end of the subscription period, according to NSE data. In the grey market, the company’s shares are reportedly commanding a premium of around 11%, lower than the earlier 19%, but still suggesting the potential for moderate listing gains.
On Day 2, the IPO was subscribed 2.44 times overall, against the 2.53 crore shares on offer, meaning investors placed bids for a significantly higher number of shares. The retail portion saw particularly strong demand.
