The much-anticipated DAM Capital Advisors IPO has caught the attention of investors, with its strong performance in the grey market and high demand across investor categories. Here is a detailed breakdown of everything you need to know about the DAM Capital Advisors IPO.
DAM Capital Advisors IPO GMP Today
As of December 23, 2024, the unlisted shares of DAM Capital Advisors IPO were trading at Rs 391 per share in the grey market. This represents a premium of Rs 108 or 38.16% over the upper price band of Rs 283. Such a robust grey market premium indicates strong investor confidence in the IPO.
| Detail | Value |
|---|---|
| Grey Market Premium (GMP) | Rs 108 |
| IPO Price Band | Rs 269 – Rs 283 |
| Current Grey Market Price | Rs 391 |
| Percentage Premium | 38.16% |
DAM Capital Advisors IPO Review
Prominent brokerages such as SBI Securities and Bajaj Broking have given positive reviews of the DAM Capital Advisors IPO, encouraging investors to subscribe with a long-term perspective. The company’s reputation as a leading investment bank and its diversified financial services portfolio make it an attractive proposition for investors.
Key Highlights of DAM Capital Advisors
- Specializes in equity capital markets, mergers and acquisitions, private equity, and structured finance advisory.
- Offers institutional equities services, including brokerage and research.
- Strong track record in the financial services sector.
DAM Capital Advisors IPO Subscription Status
The IPO, valued at Rs 840.25 crore, has witnessed strong demand across all investor categories. By the second day of subscription, the IPO was subscribed 6.98 times. Below is the detailed subscription breakdown:
| Category | Subscription (as of Dec 20) |
| Non-Institutional Investors (NIIs) | 11.49 times |
| Retail Individual Investors (RIIs) | 8.96 times |
| Qualified Institutional Buyers (QIBs) | 0.07 times |
| Employee Quota | 13.06 times |
DAM Capital Advisors IPO Allotment and Listing Dates
Investors eagerly awaiting the allotment results and listing dates can refer to the following timeline:
| Event | Date |
| Basis of Allotment Finalized | December 24, 2024 |
| Shares Credited to Demat | December 26, 2024 |
| Listing on BSE & NSE | December 27, 2024 |
IPO Details at a Glance
| Attribute | Detail |
| Total Issue Size | Rs 840.25 crore |
| Offer-for-Sale (OFS) | 2,96,90,900 equity shares |
| Price Band | Rs 269 – Rs 283 |
| Lot Size | 53 shares |
| Listing Exchanges | BSE and NSE |
Why Invest in DAM Capital Advisors IPO?
- Established Reputation: DAM Capital Advisors is a trusted name in investment banking in India.
- Growth Potential: With a comprehensive suite of financial solutions, the company is well-positioned for future growth.
- Positive Market Sentiment: The strong grey market premium reflects high investor interest.
- Brokerage Recommendations: Positive reviews from reputed brokerages add to the IPO’s credibility.
The DAM Capital Advisors IPO offers a compelling opportunity for investors looking for long-term growth in the financial services sector. With a strong grey market performance and robust demand across categories, this IPO stands out as one of the key offerings in 2024. Investors are advised to evaluate the company’s fundamentals and consider subscribing to this promising public issue.
Stay tuned for further updates on the DAM Capital Advisors IPO listing and post-listing performance.
My name is Akash Yadav, and I am passionate about the world of stock market trading. With over three years of hands-on experience in trading, I have gained a wealth of knowledge and insights into the ever-evolving financial markets.
As a B.Com graduate with a Post Graduate Diploma in Computer Applications (PGDCA), I have combined my educational background with practical trading skills to navigate the complexities of the stock market successfully. My journey in trading has been filled with learning, growth, and numerous experiences that have shaped my understanding of the market dynamics.