New Delhi, Aug. 26 -- Gaja Alternative share price slipped sharply after making a strong stock market debut on Wednesday. Gaja Alternative Asset Management shares listed at a premium of nearly 16% over the IPO price of Rs.160 apiece.

On the BSE, the stock debuted at Rs.185.20, representing a 15.75% gain over the issue price. On the NSE, it was listed at Rs.185 per share, up 15.62%.

However, the Gaja Alternative share price failed to sustain its bumper listing gains and subsequently declined by more than 8% from its listing price. Despite the post-listing correction, Gaja Alternative Asset Management shares continued to trade more than 5% above the IPO price.

The Gaja Alternative Asset Management IPO witnessed strong investor demand, wi...