DAM Capital Advisors IPO Allotment Highlights: Check GMP price, listing date, and other key details

The DAM Capital Advisors IPO saw impressive demand across investor segments. QIBs led the charge with 166.33 times subscription, followed by NIIs at 98.47 times, retail investors at 26.8 times, and employees’ category at 40 times. This robust participation highlights the IPO’s appeal.

DAM Capital Advisors shares are set to list on both the BSE and NSE on December 27. Investors and market watchers eagerly anticipate this debut, given the IPO’s oversubscription and strong grey market performance.

Nuvama Wealth Management acted as the book-running lead manager for the DAM Capital Advisors IPO, ensuring smooth execution. Link Intime India served as the registrar, handling administrative aspects of the IPO process, including allotment and investor queries.

The Rs 840.25 crore DAM Capital Advisors IPO was entirely an Offer for Sale (OFS), involving the sale of 2.97 crore shares. The proceeds from the IPO will not benefit the company but will go directly to selling shareholders. The price band was set at Rs 269 to Rs 283 per share.

DAM Capital Advisors demonstrated impressive financial growth, with revenue increasing by 114% and profit after tax (PAT) surging 713% between FY 2023 and FY 2024. This robust performance likely played a role in the overwhelming response to its IPO.

Investors in DAM Capital Advisors’ IPO can verify their share allotment status starting December 24. The process is accessible via the official websites of BSE, NSE, or the IPO’s registrar, Link Intime. This ensures transparency and allows participants to track their allotment seamlessly.

The DAM Capital Advisors IPO received a remarkable subscription of 81.88 times. Retail investors subscribed 26.8 times, while the employees’ category saw 40 times oversubscription. The Non-Institutional Investors (NII) segment followed with 98.47 times, but the Qualified Institutional Buyers (QIBs) dominated, subscribing at an impressive 166.33 times, showcasing robust institutional interest.

DAM Capital Advisors shares are trading at a grey market premium (GMP) of Rs 170, hinting at a listing price of Rs 453. This represents a potential 60.07% gain over the issue price. However, investors are cautioned that the GMP is unofficial and may not reflect the actual listing price when the shares debut on December 27.

The DAM Capital Advisors IPO witnessed robust interest during its bidding phase from December 19 to December 23, with the share allotment expected to be finalized on December 24. Priced between Rs 269 and Rs 283 per share, the IPO is slated to list on BSE and NSE on December 27. By close, the IPO was oversubscribed 81.88 times, reflecting strong demand from Qualified Institutional Buyers (166.33x), Non-Institutional Investors (98.47x), and retail investors (26.8x).

Investors who took part in the IPO can check the status of their share allotment on the websites of NSE, BSE, or the registrar, Link Intime.

As per recent trends, DAM Capital Advisors shares in the grey market are trdinga premium of Rs 170, with an estimated listing price of Rs 453, reflecting a 60.07% gain. However, the GMP is not the official price and may not reliably reflect the actual listing price.

Since the offering is an Offer for Sale (OFS), the company will not receive any proceeds. All funds raised will go directly to the selling shareholders.

DAM Capital Advisors’ IPO is a book-built offering worth Rs 840.25 crore, entirely comprising an offer for sale of 2.97 crore shares. The IPO opened for bidding on December 19 and concluded on December 23. The price band for the issue was set between Rs 269 and Rs 283 per share.

The book running lead manager for the DAM Capital Advisors IPO is Nuvama Wealth Management , while Link Intime India serves as the registrar for the issue.

DAM Capital Advisors IPO received an overall subscription of 81.88 times. Retail investors portion received a subscription of 26.8 times, while employees booked their portion 40 times. Non-Institutional Investors (NIIs) subscriptions reached 98.47 times. However, it was the Qualified Institutional Buyers (QIBs) who dominated the issue, with their subscription rate soaring to an impressive 166.33 times.

As per recent trends, DAM Capital Advisors shares in the grey market are commanding a premium of Rs 170, indicating an estimated listing price of Rs 453, a 60.07% increase. However, the GMP is not the official price and may not reliably reflect the actual listing price.

Here is how to check the status through registrar- Link Intime

1. Visit the official Link Intime registrar page: Link Intime IPO status.

2. Select “DAM Capital Advisors” from the dropdown menu.

3. Enter your PAN, application number, or DP client ID to check your allotment status.

4. Click “Submit” and your allotment status will appear on the screen.

If you have subscribed to the DAM Capital IPO and want to check your allotment status on BSE, follow these steps:

1. Visit the BSE website.

2. Click on the “Investors” section.

3. Under “Investor Services,” select “Status of Issue Application.”

4. Choose “Equity” as the issue type, enter your PAN number, and click “Search” to view your allotment status.

To check the DAM Capital Advisors IPO allotment status on NSE, follow these 4 simple steps:

1. Visit the NSE website using this link: NSE IPO Status.

2. Register by entering your details and submit.

3. Select “DAM Capital Advisors” from the dropdown menu.

4. Enter your IPO application number and click “Submit” to view your allotment status.

DAM Capital Advisors is set to finalise the basis of share allotment today, December 24. Investors who participated in the IPO can check their allotment status on the official website of BSE, NSE as well as the registrar, Link Intime India website.

DAM Capital Advisors IPO has raised Rs 251.48 crore from anchor investors, with the anchor bidding taking place on December 18.

The Financial performance of DAM Capital Advisors showed a notable growth , with revenue surging by 114 per cent and profit after tax (PAT) skyrocketing by 713 per cent between the financial years ending March 31, 2023, and March 31, 2024.

The allotment for the DAM Capital Advisors IPO is likely to be finalised today (December 24). The company’s shares are scheduled to be listed on both BSE and NSE on Friday, December 27.

DAM Capital Advisors is an investment bank in India, providing financial solutions across key areas. Its services include investment banking, specialising in equity capital markets (ECM), mergers and acquisitions (M&A), private equity (PE), and structured finance advisory. Additionally, the company offers institutional equities services, encompassing broking and in-depth research.