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Gaja Alternative Asset Management IPO GMP today suggests positive listing, check listing date

Today is the last day of the three-day subscription window for the initial share sale of Gaja Alternative Asset Management. The Rs 550-crore public issue received 2.43 times subscription on the second day of bidding on Thursday. At the time of writing the report, the subscription status stood at 2.89 times. According to data available on the National Stock Exchange (NSE), the IPO received bids for 7,31,04,324 shares against 2,53,28,946 shares on offer. The non-institutional investors bid for 5.28 times the shares reserved for them. The retail quota was subscribed 3.45 times, and qualified institutional buyers (QIBs) received 10 per cent subscription. Today is the last day to subscribe to the IPO, and the issue price band has been fixed at Rs 152-160 per equity share.