New Delhi, Aug. 21 -- The initial public offering (IPO) of Gaja Alternative Asset Management Ltd, which operates under the Gaja Capital brand, opened for public subscription on 19 August and will close on 21 August. The Gaja Alternative Asset Management IPO price band has been fixed at Rs.152- Rs.160 per equity share.

Gaja Alternative Asset Management IPO GMP today or Gaja Capital IPO GMP is +18.5. Considering the upper end of the IPO price band and the current premium in the grey market, the estimated listing price of the Gaja Alternative Asset Management share price was Rs.178.5 apiece, which is 11.56% higher than the IPO price of Rs.160.

According to grey market trends observed over the past nine sessions, the IPO's grey market premi...