Gaja Alternative Asset Management IPO Day 2: GMP at 14%, Subscribed 86%: Should you subscribe?

The Rs 550 crore Gaja Alternative Asset Management IPO entered Day 2 with an 86% subscription rate and a 14% grey market premium. Brokerage Anand Rathi Research assigned a Subscribe - Long Term rating, citing the firm's strong profitability and long-standing track record.