Gaja Capital launches India’s first listed private equity firm IPO
Gaja Capital is launching a stock sale to become the first private equity firm to be listed on the Indian stock market.
What is happening
Gaja Capital is offering an Initial Public Offering, which is when a private company sells shares of its business to the regular public on the stock market. Their share price is set between 152 rupees and 160 rupees. People who want to buy must purchase them in sets of 93 shares.
Why this matters
This is a big moment for the Indian business world. Gaja Capital will become the very first private equity firm, which is a company that invests money into other growing businesses, to be officially listed on the public stock exchange in India.
- The price band is set from 152 to 160 rupees per share.
- Buyers must purchase lots of 93 shares.
- It makes history as India's first listed private equity firm.
What happens next
Investors can now place their bids to buy a piece of the company. Once the sale closes, the shares will start trading publicly on the stock market for anyone to buy and sell.