DAM Capital Advisor Limited is popular as an investment bank in India, where the company provides a wide range of financial solutions in various areas. This company launches its IPO to subscribe on Thursday, December 19, 2024 and is open for subscription till today Monday, December 23, 2024.
Within three days of its IPO, It showed strong demand in the market, it has been subscribed to 56.21 times. In this subscription, the Retail category held 22.16 times, Qualified Institutional Buyers (QIBs) subscribed 91.23 times, and Non-Institutional Investors (NII) showed interest of 89.34 times subscription by December 23, 2024, at 3:19:13 PM (Day 3). In this, oversubscription of over 116 crore shares is demanded while the company has offered just over 2 crore shares.
As the subscription has shown a robust performance it is natural to have a strong GMP on this IPO. DAM Capital Advisory Limited IPO GMP is playing at a high of Rs 160 as per the last update on December 24, 2024, at 12:26 PM. Issue price is set at Rs 283, So the estimated listing price would be Rs 443 which includes Issue price and Current GMP. GMP in percentage is buzzing around 56.54% which is a gain/loss rate as well.
This IPO is raising Rs 840.25 crore from the public which solely depends on Offer for Sale (OFS) with 2,96,90,900 shares. The price band is set between Rs 269 to Rs 283 per share. The lot size includes a of total 53 shares. Retail Investors will require a minimum and Maximum investment capital of Rs 14,999 and Rs 1,94,987 respectively because min 1 lot and max 13 lots are allowed, HNI will need min and man capital of Rs 2,09,986 and Rs 9,89,934 respectable as 14 to 66 lots are allowed.
This IPO will be listed on the exchanges BSE and NSE on Friday, December 27, 2024. In this IPO QIBs can participate in 59,24,182 shares out of 2,96,90,900 total shares, NII in 44,43,135 shares, Retail investors 1,03,67,315, Employees in 70,000 shares and Anchor investors in 88,86,268 shares which is 19.95%, 14.96%, 34.92%, 0.24%, and 29.93% respectively.
DAM Capital Advisory Limited is India’s renowned investment bank which provides a wide range of financial solutions in areas of: investment banking comprising equity capital markets (ECM), mergers and acquisitions (M&A), private equity (PE), Structured financial advisory, and institutional equities comprising broking and research.
DAM Capital Advisors Limited is fastly growing venture where this company showed a robust revenue increase of 144% in the Financial Year 2023, with Profit After Tax (PAT) rising extremely surprisingly by 713% with the financial year ending 31 March 2024 and March 31, 2024. The robust performance of DAM Capital Advisors Limited’s finances has played a key role in the IPO’s strong performance.
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