Gaja Alternative Asset Management IPO Day 2 LIVE: GMP, review – apply or not?
"We believe the Indian Alternative Investment industry is at a nascentstage with long runway for expansion, underpinned by positive stance from the regulators and climbed alternatives adoption among domestic institutional, HNI and UHNI investors. GAJA earns higher management fees (190…
What happened
"We believe the Indian Alternative Investment industry is at a nascentstage with long runway for expansion, underpinned by positive stance from the regulators and climbed alternatives adoption among domestic institutional, HNI and UHNI investors. GAJA earns higher management fees (190 bps in FY26) than MF players (52-37 bps), showcasing superior unit economics of the business model. It successfully monetizes alternative strategies and longterm capital commitments. At the upper cost band, GAJA is valued at FY26 P/E multiple of 22.0x and P/B multiple of 3.0x. We believe GAJA is attractively priced for the underlying business model and industry tailwinds. We recommend investors to SUBSCRIBE to the matter for long-term investment horizon, " the firm stated.
The bottom line
Taken together, the developments around gaja Alternative Asset Management IPO Day 2 LIVE: GMP, review point to a situation that is still moving, and the coming days should bring more clarity.
