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Gaja Cap to raise up to ₹600 cr in IPO, hires bankers

Mint Ahmedabad

|

February 01, 2025

Gaja Capital has appointed JM Financial and IIFL Securities for the planned IPO, two people told Mint

- Priyamvada C & Ranjani Raghavan

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.

MEER VERHALEN VAN Mint Ahmedabad

Mint Ahmedabad

Will Mahavatar Narsimha’s ₹300-cr success reshape Indian cinema?

The success of Mahavatar Narsimha, an animated mythological epic that was released without promotions or marketing this July and eventually grossed ₹300 crore, has proven to be a turning point, given animation’s long history of poor theatrical performance in the country.

time to read

2 mins

December 02, 2025

Mint Ahmedabad

Gold soars ₹3,040 on global cues

Gold prices surged by ₹3,040 to ₹1,33,200 per 10 gm in the national capital on Monday, tracking strong global trends and a weak US dollar, according to the All India Sarafa Association.

time to read

1 min

December 02, 2025

Mint Ahmedabad

India's industrial output slows to 14-month low in October

India’s industrial production grew 0.4% year-on-year in October, its slowest pace of expansion in 14 months, as manufacturing decelerated, and mining and electricity output contracted, provisional data released by the Ministry of Statistics and Programme Implementation (MoSPI) showed on Monday.

time to read

1 mins

December 02, 2025

Mint Ahmedabad

Mint Ahmedabad

IT growth trails global clients amid shifting tech spending

Automation, product spends, in-house tech centre investments contributed to decoupling

time to read

2 mins

December 02, 2025

Mint Ahmedabad

Mint Ahmedabad

Are gifts from NRIs to residents taxable?

I am an NRI who is living in Dubai for the past six years. I had acquired shares of an unlisted Indian firm using surplus fund from my NRO account in India. I wish to gift the shares to my father, who is a resident of India. Will this transfer attract any tax in India?

time to read

1 mins

December 02, 2025

Mint Ahmedabad

Mint Ahmedabad

Mandatory app may trigger pushback

misuse of mobile phones in various scams.

time to read

2 mins

December 02, 2025

Mint Ahmedabad

With health in mind, Indians are rethinking their 'kadais'

New research and rising awareness are driving households to switch to safer options like cast iron and tri-ply cookware

time to read

3 mins

December 02, 2025

Mint Ahmedabad

Top weapon firms' revenue up 6%

The world’s biggest weapons-producing companies saw a 5.9% increase in revenue from sales of arms and military services last year as demand was fed by the wars in Ukraine and Gaza as well as countries’ rising military spending, according to a report released Monday.

time to read

1 min

December 02, 2025

Mint Ahmedabad

Mint Ahmedabad

FinMin rejects Post's claims of influence on LIC investments in Adani cos

The finance ministry does not issue any advisory or direction to Life Insurance Corp. of India (LIC) on matters related to investments, finance minister Nirmala Sitharaman told Parliament on Monday, reiterating that the state-run insurer operates independently.

time to read

2 mins

December 02, 2025

Mint Ahmedabad

GST growth cools, but Indians are spending more

government's strategy that cheaper essentials and mass-use items will raise demand as predicted by the Laffer Curve theory, the second official said, referring to the economic idea that moderate tax rates can boost economic activity and tax revenue.

time to read

1 mins

December 02, 2025

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