Gaja Alternative Asset Management’s IPO opened for subscription today and has received a decent response in the early hours. The issue has been subscribed 31%, with 2.53 crore shares on offer. The retail portion has seen stronger demand, with 47% of the 1.26 crore shares reserved for retail investors subscribed.
The IPO has also attracted attention in the grey market, where its shares are reportedly trading at a premium of 19%, indicating the possibility of strong listing gains.
