New Delhi: DAM Capital Advisors IPO will open for subscription on Thursday, December 19 and close on December 23, 2024. A day ahead of the launch of its initial share-sale for public subscription, the company raised Rs 251 crore from anchor investors. Anchor investors included, Nippon India Mutual Fund (MF), HDFC, Aditya Birla Sun Life MF, HSBC, Societe Generale, Nomura, Goldman Sachs, MF, and Kotak MF.
As per the circular on BSE website, DAM Capital allotted 88.86 lakh shares to 33 funds at Rs 283 apiece. The DAM IPO has a price band of Rs 269-283 per share. The public offer is a book built issue of Rs 840.25 crore, solely an offer-for-sale (OFS) of 2.97 crore equity shares.
Promoter Dharmesh Anil Mehta, investors RBL Bank, Easyaccess Financial Services, Narotam Satyanarayan Sekhsaria and Multiples Alternate Asset Management are selling their shares in the OFS. The entire proceeds of DAM Capital IPO will go directly to the selling shareholder, rather than to the company.
DAM Capital IPO GMP soars; allotment date
DAM Capital Advisors IPO expected allotment date: December 24
Refunds process likely to begin on: December 26
Shares predicted to be credited to successful applicants on December 26
The shares will list on NSE and BSE with a tentative date December 27.
According to investorgain, the DAM Capital Advisors IPO GMP was recorded at Rs 148 on December 19, 2024 early morning. At this level, grey market premium price indicated a listing price of Rs 431 and an expected listing gain of 52.30 per cent. Notably, the GMP has jumped since December 18 when it was recorded at 108 indivcating a gain of around 38 per cent. Important note: GMP is an unofficial figure and does not guarantee anything.
(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 will remain open for subscription from December 19 to 3. The DAM Capital IPO GMP signals bumper listing shares. The allotment date is expected to be fixed on December 24, 2024. Markets Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
