Gaja Capital IPO Subscribed 31x: Grey Market Premium Signals Double-Digit Listing Gain

The mainboard initial public offering (IPO) of Gaja Alternative Asset Management Limited, operating under the established Gaja Capital brand, closed with widespread investor participation, achieving an overall subscription of 31.33 times. Bidding data from the National Stock Exchange (NSE) showed heavy bids across institutional, non-institutional, and retail investor categories, with the grey market premium (GMP) pointing to positive listing-day gains.

Massive Subscription Driven by Non-Institutional Investors