Mumbai-based DAM Capital Advisors, a prominent investment bank in India, has finalized the IPO allotment for its equity shares on Tuesday, December 24, 2024. Investors who participated in the IPO bidding process can expect notifications regarding fund debits or IPO mandate revocations by Thursday, December 26, 2024.
Key IPO Details
- Issue Period: December 19-23, 2024
- Price Band: Rs 269-283 per share
- Lot Size: 53 shares
- IPO Size: Rs 840.25 crore (entirely Offer-for-Sale)
- Oversubscription:
- QIBs: 166.33x
- NIIs: 98.62x
- Retail Investors: 27.13x
- Employees: 40.55x
- Listing Date: December 27, 2024 (tentative)
- Exchanges: NSE and BSE
Grey Market Premium (GMP)
The GMP for DAM Capital Advisors is stable at Rs 170, indicating a potential listing gain of 60% for investors based on current market sentiment and strong bidding.
How to Check Allotment Status
On BSE Website
- Visit the BSE Allotment Page.
- Select “Equity” under the issue type.
- Choose DAM Capital Advisors Limited from the dropdown menu.
- Enter your application number and PAN.
- Complete the captcha verification and click “Search.”
On Link Intime India Portal
- Visit Link Intime India Portal.
- Select the IPO from the dropdown (visible after allotment finalization).
- Choose your identification mode: Application Number, Demat Account Number, or PAN.
- Enter the details and select ASBA or non-ASBA.
- Fill in the captcha and click “Submit.”
About DAM Capital Advisors
- Incorporated: Mumbai-based, specialized in financial solutions.
- Specialization: Investment banking, institutional equities, and successful ECM transactions.
- Achievements: Execution of 72 ECM transactions to date.
- IPO Managers:
- Book Running Lead Manager: Nuvama Wealth Management
- Registrar: Link Intime India
Key Data
| Parameter | Details |
|---|---|
| Issue Period | December 19-23, 2024 |
| Price Band | Rs 269-283 |
| Lot Size | 53 shares |
| Oversubscription | 82.08x overall |
| GMP | Rs 170 |
| Listing Date | December 27, 2024 (tentative) |
| Registrar | Link Intime India |
Conclusion
With robust investor interest and a stable grey market premium, DAM Capital Advisors IPO has garnered significant attention. Investors can now check their allotment status and prepare for the listing day.
Disclaimer
This article is for informational purposes only and does not constitute financial or investment advice. Readers are advised to consult with a financial advisor before making any investment decisions.
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