by DAM Capital Advisors IPO: Will you get a profit of ₹160 on every share? Today is the last day to bid, know all the details
DAM Capital Advisors IPO: Today, 23 December is the last date to bid for the Initial Public Offer (IPO) of DAM Capital Advisors. Bidding will close at 5 pm. According to the data available on the exchange, the company’s IPO has so far received about 11.88 times more bids from investors. DAM Capital Advisors’ IPO was open for bidding on 19 December.
DAM Capital Advisors IPO: Today, 23 December is the last date to bid for DAM Capital Advisors’ Initial Public Offer (IPO). Bidding will close at 5 pm. According to the data available on the exchange, the company’s IPO has so far received about 11.88 times more bids from investors. DAM Capital Advisors’ IPO was open for bidding on 19 December. Its price band has been kept at Rs 269 to Rs 283 per share. The company’s shares are trading at a heavy premium in the gray market, which shows investors’ interest in this IPO.
Subscription status of DAM Capital Advisors IPO
According to the data till 12 noon, the company’s IPO has so far received 11.88 times more bids. The highest bid has been received in the category of non-institutional investors (NII), who have subscribed about 24.88 times the shares reserved for them. At the same time, retail investors have bid 12.31 times in their category. While the category of qualified institutional buyers (QIB) has been filled 1.30 times.
This IOP Information
According to experts monitoring the unlisted market, shares of DAM Capital Advisors were trading at Rs 443 in the unlisted market on Monday, December 23. This is a premium of about Rs 160 or 56.54% from its upper price band. This means that the grey market is currently expecting this stock to be listed with a profit of about 56.54%.
About the company
DAM Capital Advisors is an investment bank. This company also offers broking services. It is one of the fastest growing merchant banks in the country. Its growth has been rapid, especially after the acquisition of Dharmesh Mehta in 2019. Its market share in terms of IPO and QIP was 8.2 percent in FY21, which increased to 12.1 percent in FY24. This company mainly operates in two segments – Merchant Banking and Institutional Equities.
Merchant Banking includes Equity Capital Markets, Mergers and Acquisitions, Private Equity and Structured Financial Advisory. They account for 67 per cent of the total income of the company. This is the highest among rival companies. Institutional Equities includes broking and research. They account for 28 per cent of the total income. Dam capitals advisors ipo price nsc.
