The current numbers translate into a monthly flow of around $2.5 billion, which is on the upper end of broad market expectations of a monthly flow of $2-2.5 billion hitting the market due to index inclusion. Given the recent commencement of a US monetary easing cycle – which increases the appeal of emerging market assets for global investors – that flow is expected to rise in the next three months.
Gaja Alternative Asset Management IPO opens today: GMP at 19% — Should You Subscribe?
The three-day IPO will remain open until August 21, 2026, with the company offering shares in a price band of Rs 152–160 apiece.