Gaja Various Asset Administration recordsdata confidential IPO papers with SEBI

Gaja Various Asset Administration Ltd, working below the model title Gaja Capital, has submitted draft paperwork to the Securities and Alternate 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 principle board.

Nevertheless, it emphasised that this submission doesn’t assure that the corporate will proceed with the IPO.

Proceeds utilisation

In response to sources accustomed to the matter, the IPO proceeds are anticipated for use to supply 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 progress plans, the IPO is prone to supply advantages corresponding 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 Various Asset Administration do?

Established in 2004, Gaja Capital is a distinguished Indian personal fairness and various asset administration agency that gives progress capital to entrepreneurs. The agency has made investments in sectors like training, shopper items, and monetary companies.

In January 2025, the corporate was transformed from a non-public restricted to a public restricted entity and renamed Gaja Various Asset Administration Ltd.

If accomplished, this is able to be the primary public itemizing of an Indian-origin standalone personal fairness agency managing various belongings.

Internationally, main personal fairness companies 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 corporations corresponding to HDFC, Nippon, UTI, and Aditya Birla additionally handle various funds as a part of their broader operations.