Gaja Capital will become the first Indian PE company, which is open publicly with the IPO of 500 rupees

The company has appointed merchant bankers JM Financial and IIFL Securities as a planned IPO. Two people familiar with this matter told the matterMintRequire anonymous.

A person said that the company is expected to submit a draft of the Red Modern Prospectus in the next few months and plans to conduct an IPO by June 2025. IPO may be a problem of new shares.

Gaja spokesman refused to comment on the incident. Emails sent to IIFL and JM Financial at the time of issuance have not been answered.

According to the documents submitted to the company registrar, at the beginning of January, the investment company transformed from a private company to a public limited company. This is a public pioneer, because private limited entities can only have 200 investors. On January 1, the company’s name was GAJA Alternative Asset Management Co., Ltd., and it changed it from GAJA’s replacement asset management PVT LTD..

A person said that although PE company will continue to raise third -party capital for its subsequent stock funds, the IPO will help Gaja Capital Build Build Build Stabor, deepen the continuous changes in the global distribution network and use the global limited partner base. The second person added that this will also help the company to diverse its business, develop its brand and hire better talents.

Most private equity companies are established as limited liability partnerships, so that partners can bring their annual profits in a higher tax effective way. If the company wants to make it public, it needs to change its company structure.

People say, but Gaja is set as AMC and can be viewed the final list. It is said that this enables the company’s asset management entities to accumulate fund profits and management fees within 20 years, thereby increasing its net assets, and over time.

Public AMC

Other asset management companies, such as HDFC, Nippon, UTI, and Aditha Birla, which have alternative funds as part of their investment portfolio, are already public. Last year, Edelweiss’s EAAA submitted a draft to publicize it publiclyMint Report.

Companies with private equity departments are part of the holding entity, including NUVAMA and 360ONE, which have been listed on Bourses.

Globally, large private equity companies Blackstone, KKR, Apollo Global Management, Carlyle Group and TPG have been made public. In addition to private equity, they can also diversify other asset categories.

Gaja Capital was founded by Gopal Jain, IMRAN JAFAR and RANJIT ShaH in 2004 to provide growth capital for companies including education, consumers and financial service departments. It manages about 500 million US dollars in 4 funds and 23 investment.

GAJA’s investment portfolios include Signzy, Leadsquared, XPressBees, RBL Bank, Chumbak, Avendus and Bakers Circle. Some of its outstanding exports include Eurokids, Carnations, John Distilleries, Haldia Coke, and Chemicals and Teamelease.