Gaja Alternative Asset Management Ltd. makes a strong debut on the bourses with scrip got listed at Rs 185.20 on the Bombay Stock Exchange, a 15.75 per cent premium to its issue price of Rs 160.00. On the National Stock Exchange, the stock was listed at Rs 185.00.
The company, which raised 3.44 Cr from initial public offering, was subscribed 0 times, receiving bids for 0 lakhs shares against the total issue size of 343.75 lakhs shares.
The company, listed under B Group Securities post its IPO, opened for subscription from Aug 19 to Aug 21.
Following a strong opening, the scrip touched an intraday high of Rs [BSEHighPrice] and a low of Rs [NSEHighPrice], before closing the session [UpDown] by [ChangePer] per cent to its listing price at Rs [ClosingPriceBSE] on the BSE.
The company anticipates using the proceeds of the issue for (i) Gaja Capital India Fund LLP(ii) Gaja Capital India Fund (formerly known as Gaja Capital India Fund )(iii) Bridge Loan Amountb) Investing towards our Sponsor Commitment to the proposed Fund Vc) Investing towards our Sponsor Commitment to the Secondaries Fund General corporate purposes.
JM Financial Limited,IIFL Capital Services Limited as lead managers & MUFG Intime India Pvt. Ltd. is the registrar, to the issue.
Meanwhile, the broader benchmark BSE Sensex closed trade at 77,656.09, up 286.98 points, or 0.37 per cent.