DAM Capital Advisors IPO – The Initial Public Offering (IPO) of DAM Capital Advisors Limited has been generating significant buzz in the market as it nears the end of its subscription period today, December 23, 2024. With its shares commanding a strong premium in the grey market, investors are optimistic about the potential listing gains.
Key Details About DAM Capital Advisors IPO
Grey Market Premium (GMP)
Unlisted shares of DAM Capital Advisors are trading at a premium of ₹108, or 38.16%, above the upper price band of ₹283 per share. This suggests a market price of ₹391 in the grey market and indicates strong investor sentiment.
Subscription Status
The three-day IPO, which opened on December 19, 2024, has already garnered a subscription of 6.98 times by the end of the second day. Here’s a breakdown:
- Non-Institutional Investors (NII): Subscribed 11.49 times
- Retail Individual Investors (RII): Subscribed 8.96 times
- Qualified Institutional Buyers (QIBs): Subscribed 7% of the offer
Anchor Investors
Ahead of the IPO, DAM Capital Advisors IPO Advisors secured ₹251 crore from anchor investors, including major financial entities such as Nomura, Goldman Sachs, HSBC, and Societe Generale. Prominent mutual funds, including Nippon India Mutual Fund, HDFC Mutual Fund, Kotak Mutual Fund, and Aditya Birla Sun Life Mutual Fund, also participated.
Price Band and Lot Size
- Price Band: ₹269 to ₹283 per equity share
- Lot Size: 53 shares (Minimum investment: ₹7,542)
Listing Date
The shares are expected to debut on December 27, 2024, on both the NSE and BSE exchanges.
Allotment Status
Investors can check their allotment status on the registrar’s website, Link Intime India Private Limited, or through the official portals of NSE and BSE.
About DAM Capital Advisors
DAM Capital Advisors IPO Advisors IPO Capital Advisors is a well-established investment bank offering a diverse range of financial services. These include:
- Investment Banking: Equity capital markets, mergers and acquisitions, private equity, and structured finance advisory.
- Institutional Equities: Broking and research services.
Investor Outlook
The robust demand and grey market premium highlight the market’s confidence in DAM Capital Advisors’ growth potential. With the IPO closing today, prospective investors are making their final decisions, buoyed by strong subscription rates and a promising grey market performance.
For investors eyeing a long-term stake in a growing financial services firm, or those seeking short-term gains from listing day, this IPO remains a compelling opportunity.
Stay tuned for more updates, including allotment results and the company’s debut performance on the stock exchanges
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