Gaja Different Asset Administration Ltd, working below the model identify Gaja Capital, has submitted draft paperwork to the Securities and Change Board of India (SEBI) for a possible preliminary public providing (IPO).
On Monday (June 30), the corporate introduced that it has filed a pre-draft pink herring prospectus (DRHP) with SEBI and the inventory exchanges for the proposed itemizing of its fairness shares on the primary board.
Nonetheless, it emphasised that this submission doesn’t assure that the corporate will proceed with the IPO.
Proceeds utilisation
In keeping with sources conversant in the matter, the IPO proceeds are anticipated for use to offer capital for launching new funds and increasing distribution capabilities in India and internationally. The funds may even help diversification into new funding methods.
Past supporting development plans, the IPO is more likely to supply advantages comparable to elevated visibility and model recognition for Gaja Capital.
Earlier this month, Gaja Capital raised Rs 125 crore in a pre-IPO spherical, valuing the corporate at Rs 1,625 crore.
What does Gaja Different Asset Administration do?
Established in 2004, Gaja Capital is a outstanding Indian non-public fairness and different asset administration agency that gives development capital to entrepreneurs. The agency has made investments in sectors like training, client items, and monetary companies.
In January 2025, the corporate was transformed from a personal restricted to a public restricted entity and renamed Gaja Different Asset Administration Ltd.
If accomplished, this could be the primary public itemizing of an Indian-origin standalone non-public fairness agency managing different property.
Internationally, main non-public fairness corporations like Blackstone, KKR, Apollo International Administration, Carlyle Group, and TPG are already listed and have expanded into numerous asset courses. In India, listed asset administration firms comparable to HDFC, Nippon, UTI, and Aditya Birla additionally handle different funds as a part of their broader operations.
