World · India Bureau
Gaja Alternative IPO allotment set for August 24 after blockbuster subscription
Gaja Alternative Asset Management's initial public offering received overwhelming investor response, with the issue oversubscribed more than 31 times. Allotment of shares is scheduled to be finalized on August 24.
LSN India ·
The initial public offering from Gaja Alternative Asset Management has generated significant investor interest, drawing subscriptions exceeding 31 times the offered shares. The strong response underscores robust market appetite for the company's listing.
Allotment of shares to successful bidders in the IPO is expected to be completed on August 24, according to the offering timeline. Investors can verify their allotment status through multiple channels following the official announcement.
Eligible investors will be able to check their allotment results on the BSE and NSE platforms, as well as through MUFG Intime India, the designated registrar for the offering. Detailed instructions on accessing allotment information through each platform have been provided to market participants.
Following successful allotment, investors will proceed to credit of shares into their demat accounts. The company's listing on both exchanges is anticipated in the coming trading sessions, subject to regulatory approvals and standard procedures.