New Delhi, Dec. 5 -- Gaja Alternative Asset Management Ltd, the homegrown private equity (PE) platform behind investments in Teamlease, Xpressbees and LeadSquared, has filed its updated draft red herring prospectus (DRHP) for a Rs.656-crore initial public offering, becoming the first Indian private equity firm to seek a public listing.

Gaja Capital had used the confidential pre-filing route for its IPO documents in June.

According to the updated document, the IPO will comprise a Rs.549 crore fresh issue and a Rs.107 crore offer for sale by promoters and early shareholders. The IPO is being managed by JM Financial Ltd and IIFL Capital Services Ltd.

The IPO's primary proceeds will be used to strengthen the firm's platform and for general...