New Delhi: DAM Capital Advisors IPO will open for public subscription on December 19, 2024. The investment bank company has fixed the price band at Rs 269-283 per share. The initial public offering will close for bidding on December 23 while anchor investors will be allowed to bid for a day on December 18.
DAM Capital Advisors IPO, a book built issue of Rs 840.25 crore, is entirely an offer for sale of 2.97 crore shares. The sellers in OFS category include promoter Dharmesh Anil Mehta, investors Multiples Alternate Asset Management, RBL Bank, Easyaccess Financial Services and Narotam Satyanarayan Sekhsaria. The proceeds from the IPO will go directly to the selling shareholder.
DAM Capital IPO GMP
According to investorgain, DAM Capital Advisors IPO GMP was recorded at Rs 108 early December 16 morning. The grey market premium indicates listing price at Rs 391 and probable listing gain of around 38 per cent. With the price band of Rs 283 DAM Capital shares are predicted to be listed at Rs 391, indicating 38.16 per cent gain.
In its draft papers filed with the Sebi, the company mentioned that it is going ahead with the IPO with an aim to achieve the benefit of listing equity shares on the stock exchanges and allow shareholders to sell their shares through the OFS.
The half of the IPO has been reserved for qualified institutional buyers, 35 per cent for and the remaining 15 per cent for non-institutional investors.
DAM Capital Advisors IPO allotment, listing dates
DAM Capital Advisors IPO Allotment expected on December 24
Refunds process likely to begin on December 26
The shares will be credited to the demat accounts of the successful bidders on December 26
The stock will list on BSE and NSE on December 27
DAM Capital Advisors is in the business of providing 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 finance advisory
Institutional equities comprising broking and research
According to a CRISIL report, DAM Capital Advisors is the fastest growing investment bank in India by revenue CAGR (compound annual growth rate) of 38.77 per cent from fiscals 2022 to 2024.
(Disclaimer: This article is only meant to provide information. News9 does not recommend buying or selling shares or subscriptions of any IPO and Mutual Funds.)
DAM Capital Advisors IPO GMP indicates the stock is expected to list with around 38 per cent gains. The price band of the IPO is fixed at Rs 269-283 per share. DAM Capital IPO opens for subscription on December 19 and closes on 23 December. Markets Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
