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Gaja Cap to raise up to ₹600 cr in IPO, hires bankers
Mint Bangalore
|February 01, 2025
Gaja Capital has appointed JM Financial and IIFL Securities for the planned IPO, two people told Mint
Gaja Capital plans to raise ₹500-600 crore through an initial public offering, making it the first standalone Indian private equity firm to list its shares on the exchanges.
The firm has appointed merchant bankers JM Financial and IIFL Securities for the planned IPO, two people familiar with the matter told Mint, asking to remain anonymous.
The company is expected to file a draft red herring prospectus in the next few months, with the IPO planned by June 2025, the first person said. The IPO is likely to be an issue of fresh shares.
A spokesperson for Gaja declined to comment on the matter. Emails sent to IIFL and JM Financial remained unanswered till press time.
This story is from the February 01, 2025 edition of Mint Bangalore.
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