Data sourced from BSE & NSE · Compiled by IPO Ji · IPO subscription data last updated
Total 32.98x·QIB 45.87x·NII 65.63x·Retail 11.61x
Based on retail subscription by applications (10.39×), approximately 1 in 10 retail applications may receive an allotment. Final allotment is decided by the registrar’s computerised lottery.
Gaja Alternative Asset Management Limited Mainboard IPO was subscribed 32.98x in total when bidding closed on Aug 21, 2026, with 45.87x in the QIB category, 65.63x in NII, 11.61x in retail across BSE and NSE. This represents a strong oversubscription, reflecting heavy investor demand; a high subscription figure does not guarantee listing gains, and allotment follows the applicable category and exchange rules. The issue ran from Aug 19, 2026 to Aug 21, 2026 at a price band of ₹152–₹160 per share. Allotment was finalised on Aug 24, 2026.
| Category | Offer | Applied | Times |
|---|---|---|---|
| QIBs | 6875000 | 315382716 | 45.87 |
| NIIs | 5156250 | 338415375 | 65.63 |
| BNIIs (>10L) | 3437280 | 261336138 | 76.03 |
| SNIIs (<10L) | 1718640 | 77079237 | 44.85 |
| Retail | 12031250 | 139734825 | 11.61 |
| Total | 24062500 | 793532916 | 32.98 |
| Total Applications14,51,798 approx. |
|||
| Category | Reserve | Applied | Times |
|---|---|---|---|
| BNIIs (>10L) | 2,640 | 40,783 | 15.45 |
| SNIIs (<10L) | 1,320 | 57,427 | 43.51 |
| Retail | 1,29,368 | 13,44,340 | 10.39 |
| Total Applications14,51,798 approx. |
|||
| Category | Offered | Demand | Times |
|---|---|---|---|
| QIBs | 110 | 5046.12 | 45.87 |
| FIIs | - | 1435.80 | - |
| DIIs | - | 1843.23 | - |
| Mutual Funds | - | 226.02 | - |
| Others | - | 1541.08 | - |
| NIIs | 82.5 | 5414.65 | 65.63 |
| BNIIs (>10L) | 55 | 4181.38 | 76.03 |
| SNIIs (<10L) | 27.5 | 1233.27 | 44.85 |
| Retail | 192.5 | 2235.76 | 11.61 |
| TOTAL | 385 | 12696.53 | 32.98 |
| As on | QIB |
NII
bHNI
sHNI
|
Retail | Total |
|---|---|---|---|---|
|
Day 1
19 Aug 2026
5:00 PM
|
0.10x |
1.12x
0.83x
1.70x
|
1.27x | 0.90x |
|
Day 2
20 Aug 2026
5:00 PM
|
0.10x |
4.14x
3.29x
5.83x
|
3.30x | 2.56x |
|
Day 3
21 Aug 2026
5:00 PM
|
45.87x |
65.63x
76.03x
44.85x
|
11.61x | 32.98x |
|
Day 4
24 Aug 2026
5:00 PM
|
45.87x |
65.63x
76.03x
44.85x
|
11.61x | 32.98x |
Anticipated subscription based on the number of applications received (an alternative to the shares-based figures above), sourced from BSE & NSE.
| Category | Times (by applications) |
|---|---|
| bHNI | 15.45x |
| sHNI | 43.51x |
| Retail | 10.39x |
Because Gaja Alternative Asset Management closed oversubscribed, applicants were not guaranteed full allotment. In oversubscribed issues, shares are allotted according to the applicable category and exchange rules, so applicants are not guaranteed full allotment once an issue is oversubscribed. The number of times each category is subscribed is one indicator of demand, alongside the company's fundamentals and the broader market.
A high subscription figure reflects strong demand but does not guarantee a premium listing, and a low figure does not guarantee a discount. This page is for information only and is not investment advice. Investors should read the company's prospectus and consult a SEBI-registered adviser before making any decision.
IPO subscription status shows how many times an issue has been applied for, compared with the shares on offer, broken down by Qualified Institutional Buyers (QIB), Non-Institutional Investors (NII), and the Retail or SME Individual Investor category. A figure of "2x" means investors applied for twice the shares available. See how IPO subscription works and track all live IPOs →
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