Gaja Alternative Asset Management IPO opens with 19% GMP. Should you subscribe?

Gaja Alternative Asset Management has launched its IPO, offering shares priced between Rs 152 and Rs 160, with a total issue size of Rs 550 crore. Subscription is open until August 21, 2026. The funds raised will be used to enhance investment strategies, bolstered by a notable 28% income growth and a 32% increase in profit after tax for FY26.