DAM Capital Share Price, IPO listing Highlights: The IPO is all set to make its debut on the exchanges – NSE and BSE – on December 27. The IPO allotment was finalised on December 24. The issue was subscribed to a total of 81.88 times. The retail portion was booked 26.8 times and the employee section 40 times. The QIBs dominated the bidding by subscribing to the issue 166.33 times.
DAM Capital Advisors raised Rs 840.25 crore by selling 2.97 crore shares of promoters and other selling shareholders. The IPO bidding started on December 19 and ended on December 23. The price band was set at Rs 269 to Rs 283 per equity share. Nuvama Wealth Management was the sole book-running lead manager of the issue, while Link Intime India worked as the registrar.
DAM Capital Advisors Share Price Today, IPO Listing Highlights: Check GMP price, listing price, subscription, allotment status
DAM Capital IPO Share Price Live Updates: Shares Surge by Over 5% on BSE and NSE
DAM Capital Advisors' stock ended the day at Rs 415.05 on the BSE, up by 5.64%, and at Rs 416 on the NSE, up by 5.85%.
DAM Capital IPO Share Price Live Updates: IPO Objectives
The proceeds from the Offer for Sale will not be received by DAM Capital Advisors, as they are being directed to the selling shareholders.
DAM Capital IPO Share Price Live Updates: Prashanth Tapse's take on DAM Capital IPO post-listing
"Despite being entirely an OFS, DAM Capital Advisors listing was in line with our expectation. The heathy listing gain is on the back of reasonable valuations. Considering market sentiments and all other parameters, we recommend conservative allotted investors to book profits above our expectations. While long term investors considering taking risk on the post listing trend on the company can HOLD IT FOR LONG TERM despite knowing short term volatility & risk in the markets. For non-allotted investors, we advise to accumulate if we get dips post listing due to profit booking attempts. Dam Capital has demonstrated a strong market leadership, holding a 12.1% share in IPOs and QIPs in Fiscal 2024, With a strategic approach to emerging investment themes, we believe DAM Capital is well-positioned to capitalize on India’s vibrant equity markets,” said Prashanth Tapse, Senior VP (Research), Mehta Equities.
DAM Capital IPO Share Price Live Updates: About the issue
DAM Capital Advisors had set its IPO price band between Rs 269 and Rs 283 per share. Retail investors needed a minimum investment of Rs 14,999 for one lot of 53 shares. For small non-institutional investors (sNII), the minimum investment was 14 lots (742 shares) worth Rs 2,09,986, while large non-institutional investors (bNII) required a minimum of 67 lots (3,551 shares), amounting to Rs 10,04,933.
DAM Capital IPO Share Price Live Updates: Financial Highlights
The company showed strong financial growth between March 2023 and March 2024, with its revenue jumping by 114% and profit after tax (PAT) skyrocketing by 713%.
DAM Capital IPO Share Price Live Updates: Issue list at a premium of 39%
DAM Capital Advisors IPO made its debut on the stock market, listing at a premium of 39 per cent at Rs 393 on NSE over the issue price upper band of Rs 283.
The shares of the company on the BSE opened at Rs 392.90.
DAM Capital IPO Share Price Live Updates: Subscriptions numbers
DAM Capital Advisors IPO saw an overwhelming response from investors, with the total subscription reaching 81.88 times by the final day of bidding.
Breaking it down by investor category:
- Retail investors showed strong interest, subscribing 26.8 times.
- Qualified Institutional Buyers (QIBs) were the biggest contributors, subscribing 166.33 times.
- Non-Institutional Investors (NIIs) also participated heavily, subscribing 98.47 times.
DAM Capital IPO Share Price Live Updates: Anchor investors
DAM Capital Advisors garnered Rs 251.48 crore from anchor investors ahead of the opening of the public issue.
DAM Capital IPO Share Price Live Updates: About the company
DAM Capital Advisors is a prominent investment bank in India, offering a diverse range of financial services. Its expertise spans investment banking solutions such as equity capital markets, mergers and acquisitions, private equity advisory, and structured finance. Additionally, the firm excels in institutional equities, providing top-notch broking and research services to support informed investment decisions.
DAM Capital IPO Share Price Live Updates: GMP update
The stocks of DAM Capital Advisors were fetching a premium of 50% in the grey market. This suggests that the stock might list at a price of Rs 426 per equity share. The grey market is an unofficial place to trade shares ahead of listing.