As of December 23, 2024 (12:34 PM IST), DAM Capital Advisors' IPO has witnessed substantial oversubscription, indicating robust investor interest.
Subscription Status
The IPO has been oversubscribed by 12 times, with detailed subscription figures as follows:
Qualified Institutional Buyers (QIBs): Subscribed 9.42 times.
Non-Institutional Investors (NIIs): Subscribed 37.7 times.
Retail Individual Investors (RIIs): Subscribed 16.8 times.
Employees: Subscribed 25.39 times.
Grey Market Premium (GMP)
The Grey Market Premium for DAM Capital Advisors' IPO indicates strong potential listing gains:
Current GMP: ₹161 per share.
Estimated Listing Price: ₹444 per share, suggesting a potential listing gain of approximately 57% over the upper price band of ₹283.
IPO Details
Issue Size: ₹840.25 crore.
Price Band: ₹269 to ₹283 per share.
Lot Size: 53 shares.
IPO Dates: December 19 to December 23, 2024.
Listing Date: Expected on December 27, 2024.
Company Overview
DAM Capital Advisors is a prominent financial services firm specializing in investment banking, advisory services, and capital market solutions. The company has a strong track record of facilitating capital raising and providing strategic advisory services to a diverse clientele.
Conclusion
DAM Capital Advisors' IPO has attracted significant investor interest, as evidenced by the high subscription rates and substantial Grey Market Premium. While the indicators suggest strong potential listing gains, investors should conduct thorough due diligence and consider their investment objectives and risk tolerance before making a decision
Easy & quick
Leave A Comment?