Gaja Alternative Asset Management Limited (“Gaja Capital”) has raised ₹550 crore from an initial public offering of equity shares, comprised of a fresh issue and an offer for sale by certain shareholders of the company.
S&R Associates advised Gaja Capital on this IPO.
Trilegal advised the book running lead managers, JM Financial Limited and IIFL Capital Services Limited, on the IPO.
The transaction was led by Richa Choudhary (Partner) and Murtaza Zoomkawala (Partner), with support from Rainika Malhotra (Senior Associate), and Associates Yatin Shikarpuri and Rajat Chauksey.
Gaja Capital is an independent, home-grown alternative asset management company with over two decades of experience in managing and advising India-focused funds, including category I and category II alternative investment funds, as well as offshore funds investing in India. Gaja focuses on alternative investments across digital technology, deep tech, financial services, education and consumer sectors with a differentiated investment approach in the mid-market segment.
The IPO was oversubscribed more than 32.80 times overall. The net proceeds from the fresh issue are proposed to be utilised towards sponsor commitments to certain existing and proposed funds, repayment of bridge financing, and general corporate purposes.
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