New Delhi, Aug. 18 -- Gaja Alternative Asset Management, an alternative asset management company, is set to open its initial public offering (IPO) for public subscription on Wednesday, 19 August. The book build issue of Rs.550 crore combines a fresh issue of shares and an offer for sale (OFS).

Gaja Alternative Asset Management IPO is hitting the primary market at a time when the stock market is in consolidation mode amid persisting concerns over the US-Iran conflict and crude oil price volatility.

Meanwhile, grey market trends on Tuesday reflected tepid demand for the stock, signalling the stock could list at a nominal premium.

Gaja Alternative Asset Management IPO grey market premium (GMP) on Tuesday morning was Rs.7, suggesting the s...