Gaja Capital has renewed its push toward a public listing by submitting updated draft papers for an initial public offering valued at Rs. 656 crore. The revised documentation reflects the firm’s strategic intent to strengthen its financial position, broaden its investor base, and reinforce governance standards at a time when India’s private equity ecosystem is maturing rapidly. The filing outlines a mix of fresh issuance and an offer for sale, enabling both capital infusion and partial investor exit.