Gaja Alternative Asset Debuts at 251 Million
Gaja Alternative Asset Management closed higher in its market debut achieving a valuation of 251 million dollars following its initial public offering. The listing expands retail access to equity alternatives as India experiences a surge in primary market activity.
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Gaja Alternative Asset Management closed 5.4% higher at 168.67 rupees in its trading debut on Wednesday, hitting a valuation of 24 billion rupees ($251.54M). The stock jumped as much as 20% at the open following a $57.5M IPO last week. The listing arrives as India's primary market accelerates, with at least 20 offerings launched or announced this month.
