DAM Capital Advisors, a prominent investment bank in India, recently concluded its initial public offering (IPO) on December 23, 2024. The IPO, valued at ₹840.25 crores, was entirely an offer for sale of 2.97 crore shares, with a price band set between ₹269 and ₹283 per share. The allotment of shares is expected to be finalized today, December 24, 2024, and the company’s shares are scheduled to list on the BSE and NSE on December 27, 2024.
Subscription Details:
The IPO received an overwhelming response, being oversubscribed 82.08 times. The breakdown of subscriptions is as follows:
- Qualified Institutional Buyers (QIBs): 166.33 times
- Non-Institutional Investors (NIIs): 98.62 times
- Retail Individual Investors (RIIs): 27.13 times
- Employees’ Category: 40.55 times
Checking Allotment Status:
Investors can check their allotment status through the following methods:
- On the BSE Website:
- Visit the BSE IPO allotment page.
- Select ‘Equity’ as the issue type.
- Choose ‘DAM Capital Advisors’ from the dropdown menu.
- Enter your application number or PAN.
- Complete the captcha verification.
- Click ‘Search’ to view your allotment status.
- On the NSE Website:
- Visit the NSE IPO bid verification page.
- Register if you are a new user.
- Select ‘DAM Capital Advisors’.
- Enter your application number.
- Click ‘Get Data’ to view your status.
- Through the Registrar, Link Intime India:
- Visit the Link Intime India IPO allotment page.
- Select ‘DAM Capital Advisors’ from the list of IPOs.
- Choose the identification method: Application Number, DP/Client ID, PAN, or Account Number/IFSC.
- Enter the required details and click ‘Submit’ to view your allotment status.
Grey Market Premium (GMP):
As of December 24, 2024, shares of DAM Capital Advisors are trading at a premium of ₹170 in the grey market, indicating a potential listing price of around ₹453, which is approximately 60% above the upper end of the IPO price band.
Please note that grey market premiums are speculative and may not accurately reflect the actual listing price.
Company Overview:
DAM Capital Advisors Limited is recognized as one of India’s fastest-growing investment banks, securing a 12.1% market share in IPOs and Qualified Institutional Placements (QIPs) during the fiscal year 2024. Formed following the acquisition of IDFC Securities in 2019, the company offers a wide array of services, including investment banking—spanning equity capital markets, mergers and acquisitions (M&A), and private equity advisory—as well as institutional equities, which includes broking and research. Backed by a team of 115 professionals, many with over 18 years of industry experience, DAM Capital has successfully managed a range of transactions, completing 67 equity capital market deals and 20 advisory mandates since its establishment. Additionally, through its subsidiary, DAM Capital (USA) Inc., the company serves US institutional investors, further broadening its global presence and client reach.
Disclaimer: This information is for educational purposes only and should not be construed as investment advice. Please consult with a financial advisor before making any investment decisions.