The DAM Capital Advisors IPO, which closed for subscription on December 23, 2024, received an overwhelming response from investors, underscoring its strong market appeal. With the allotment of shares expected to be finalized on December 24, all eyes are now on the listing of this highly anticipated public offering.
Record-Breaking Subscription Numbers
The IPO was subscribed a staggering 81.88 times overall by the close of Day 3, showcasing immense investor enthusiasm.
- Retail Investors: Subscribed 26.8 times the shares allocated.
- Qualified Institutional Buyers (QIBs): Led the charge with a phenomenal 166.33 times subscription.
- Non-Institutional Investors (NIIs): Subscribed an impressive 98.47 times.
IPO Details
The DAM Capital Advisors IPO is a book-built issue worth ₹840.25 crore, comprising a complete Offer for Sale (OFS) of 2.97 crore shares by the selling shareholders. Since it is an OFS, the company will not directly benefit from the funds raised.
- Price Band: ₹269–₹283 per share.
- Lot Size: Minimum of 53 shares, requiring a minimum investment of ₹14,999 for retail investors.
Grey Market Buzz and Estimated Listing Gains
As of December 24, 2024, the IPO’s Grey Market Premium (GMP) stands at ₹170 per share. Based on this GMP, the estimated listing price is around ₹453, offering a potential gain of 60.07% above the upper price band of ₹283.
Allotment and Listing Timeline
Investors who applied for the IPO can check their allotment status starting December 24. The shares are set to debut on both the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) on December 27, 2024.
How to Check Allotment Status
Via the BSE Website
- Visit the BSE allotment page.
- Select “Equity” and choose “DAM Capital Advisors Limited” from the dropdown.
- Enter your application number and PAN details.
- Verify the captcha and click “Search” to view your status.
Via Link Intime India
- Visit the Link Intime allotment page.
- Choose “DAM Capital Advisors Limited” from the dropdown menu.
- Enter your application number, PAN, or demat details.
- Complete the captcha and click “Submit” to see your allotment status.
IPO Manager and Registrar
- Book-Running Lead Manager: Nuvama Wealth Management Limited.
- Registrar: Link Intime India Private Ltd.
What’s Next for DAM Capital Advisors?
As the IPO prepares for listing, its strong grey market performance and exceptional subscription figures highlight investor confidence. The shares are poised to make a robust debut, aligning with the success of other recent IPOs in the financial services sector.
Stay tuned for the latest updates on the listing and performance of DAM Capital Advisors shares.
