Gaja Alternative Asset Management made a strong debut on the stock exchanges on Wednesday, with its shares listing at nearly a 16% premium to the IPO price and rising further to ₹191.65 on the NSE within minutes of listing.

Gaja Alternative Asset Management IPO allotment is expected today, August 24, after its Rs 550 crore issue was subscribed 31.33 times. QIBs led demand at 43.58 times, while NIIs…

The IPO, which was open for subscription from August 19 to August 21, drew a strong response, with the issue subscribed 31.33 times overall.