The timing is bold. India’s private equity space is no longer under the radar, it’s crowded, competitive, and teeming with both global giants and ambitious domestic outfits. Gaja’s listing will likely be read as both a capital-raising move and a credibility test.

Gaja Alternative Asset Management Limited, freshly rebranded as a public limited company in January 2025, has quietly filed a draft red herring prospectus (DRHP) with SEBI, signaling its intent to list, sources tell CNBC-TV18. The private equity firm, better known as Gaja Capital, is looking to raise fresh capital through the IPO, after a Rs 125 crore pre-IPO round that pegged its valuation at Rs 1,625 crore.
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