DAM Capital Advisors IPO GMP: Today is the last day to bid for Dam Capital Advisors IPO. Bids can be placed till 5 pm today. According to exchange data, the company’s IPO has so far received about 11.89 times bids from investors. This IPO was open for bidding on 19 December.
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DAM Capital Advisors IPO GMP Price Band
The price band of this Capital Advisors IPO GMP is Rs 269 -283. The company’s shares are trading with huge premiums in the gray market which shows the interest of investors in this IPO.
DAM Capital Advisors IPO GMP Subscription Status
The public issue of the DAM Capital Advisors public issue has received a 34.20x subscription. Investors have bid for 71,14,94,790 shares, compared to the 2,08,04,632 shares on offer. The NII portion is leading the bidding round on the final day with a 66.82x subscription so far.
The retail portion of the DAM Capital Advisors IPO GMP has been subscribed 19.05 times, the Non-Institutional Investors (NII) segment has been booked 64.78 times, and the Qualified Institutional Buyers (QIBs) portion has been subscribed 26.36 times so far.
DAM Capital Advisors IPO GMP Details
- Issue opens: -19 December
- Issue closes: – 23 December
- Share allotment – 24 December
- Issue price: Rs 269-283.
- Offer for sale: Rs 840.25 crore.
- Fresh issue: Nil.
- Total issue size: Rs 840.25 crore.
- Lot size: Minimum 53 shares, and then in multiples thereof.
- Nuvama Wealth Management Ltd. is the book-running lead manager for the issue, whereas Link Intime India Pvt. is the registrar.
- Multiples Alternate Asset Management Pvt. is set to offload 88 lakh shares, followed by Narotam Satyanarayan Sekhsaria offloading 70.69 lakh shares.
- RBL Bank Ltd. with 68.31 lakh shares, and Easyaccess Financial Services Ltd. with 51.24 lakh shares.
DAM Capital Advisors IPO GMP Demand
today is also showing a positive trend for the stock led by strong demand.
As of 23 December, the grey market premium (GMP) for the public issue stands at ₹160. With the upper price band at ₹283, the shares are expected to be listed on the stock exchanges at ₹443, a premium of 56.54%, a premium to the upper end of the price band.
DAM Capital Advisors IPO is entirely an OFS, proceeds from the offer will go directly to the selling shareholders. Dharmesh Anil Mehta is offloading 42.41 lakh shares, as per the draft red herring prospectus.
Financial Performance of the Company
DAM Capital Advisors reported a six-fold rise in net profit at Rs 70.52 crore in the last financial year from Rs 8.67 crore in the previous fiscal. Revenue was up 11% to Rs 478 crore. Operating income, or earnings before interest, taxes, depreciation, and amortization, rose four-fold to Rs 92.12 crore in the same period. The EBITDA margin expanded to 51.2% from 21.4%.
📢 Final Call DAM Capital Advisors Limited IPO:
— IPO Money (@IpoMoney) December 23, 2024
🔥 GMP: ₹160 (+56.54%)
A solid IPO with promising returns as indicated by the GMP. Make your move before the clock runs out! 🚀#DAMCapitalIPO #IPOAlert #StockMarket #IPOUpdate #nifty
📊 Subscription Status: Given below👇 pic.twitter.com/i2r5caNE05
About the Company
- DAM Capital is one of the leading merchant banks in India with a market share of 12.1%, based on the number of initial public offerings and qualified institutional placements undertaken, as per Crisil.
- The company provides a range of financial solutions in areas of merchant banking, comprising equity capital markets, mergers and acquisitions, private equity, and structured finance advisory and institutional equities comprising broking and research.
- Services 263 active clients, including registered FPIs spread across geographies such as India, USA, UK, Europe, Hong Kong, Singapore, Australia, Taiwan, South Korea, the Middle East, and South Africa.
Jay Chavda He is the Founder and Writer of businesspulsecare.com. He is an I.T Engineer, Freelancer, Businessman. He posts Business, Stock/Share Market, Finance Related News and updates on the website. 🔗