The share allotment process for Gaja Alternative Asset Management IPO is expected to be finalised by today itself. So, in case you placed a bid for Gaja Alternative Asset Management IPO, which opened on August 19 and closed its bidding window on August 21, your wait is nearly over.

The price band for the IPO was set at Rs 152 to Rs 160

Here’s a quick and easy guide to check your IPO allotment status online.

How to check IPO allotment status

Via BSE Website

Go to the BSE IPO allotment status page.

Select ‘Equity’ as the issue type.

From the dropdown, choose ‘Gaja Alternative Asset Management Limited’.

Enter your application number or PAN.

Complete the captcha by ticking ‘I’m not a robot’ and click on Search.

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Via NSE Website

Visit the NSE IPO application tracking page.

Then, click on ‘Equity and SME IPO Bid Details’.

Select ‘Gaja Alternative Asset Management’ from the list.

Provide the details such as your application number and PAN.

Submit to view your allotment status.

Via the Registrar’s Website

Go to the official site of the registrar MUFG Intime India.

Select ‘Gaja Alternative Asset Management’ from the dropdown.

Choose any of the following: PAN, Application Number, DP ID/Client ID, or Bank Account Number.

Fill in the necessary details and press Search to check your status.

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Subscription snapshot

The Gaja Alternative Asset Management’s IPO saw healthy investor participation, as by the end of the bidding window, it was subscribed 31.33 times. Here

Qualified Institutional Buyers (QIBs): 43.58 times

Non-Institutional Investors (NIIs): 62.35 times

Retail Investors: 11.04 times

Grey Market

The AMC’s shares are trading at a grey market premium of 8.75%, suggesting a likely listing price of Rs 174. This translates to a potential gain of Rs 14 per share, from the upper end of the price band, and a profit of Rs 1,302 per lot. 

However, GMP is an unofficial metric to estimate the listing price and does not guarantee profit. 

IPO details

The public issue of Gaja Alternative Asset Management was open for subscription from August 19 to August 21, with the company aiming to raise Rs 550 crore through the initial public offering. The price band for the issue was fixed between Rs 152 and Rs 160 per share.

The issue is being managed by JM Financial, while MUFG Intime India is acting as the registrar. Once the allotment process is completed, the shares are scheduled to be listed on NSE and BSE on August 26.