DAM Capital Advisors IPO top open on December 19. The IPO closes on December 23. DAM Capital Advisors is an investment bank, offering a wide range of financial solutions. The company provides financial solutions in the area of investment banking comprising equity capital markets, mergers and acquisitions (M&A), private equity, and structured finance advisory. It also provides services on institutional equities comprising broking and research.
DAM Capital Advisors IPO GMP
The company’s shares were fetching a premium of more than 38% to the issue price in the grey market. This indicates that the stock might list at a price of around Rs 391. The grey market is an irregulated place where shares change hands illegally ahead of listing. Investors keep an eye on GMP to track the listing gains.
DAM Capital Advisors IPO Details
The company’s IPO price band ranges from Rs 269 to Rs 283 per equity share. The IPO is a book-built issue of Rs 840.25 crore selling 2.97 crore shares of promoters and other selling shareholders. The allotment of shares is expected to be finalised on December 24. DAM Capital Advisors will likely list on BSE and NSE on December 27, as per the tentative schedule. A retail investor can bid for a minimum of 53 shares in a lot which amounts to Rs 14,999. Nuvama Wealth Management is the sole book-running lead manager of the IPO, while Link Intime India is the registrar for the issue.
Selling shareholders
Multiples Alternate Asset Management: It is a private equity firm more commonly known as Multiples PE, floated by Renuka Ramnath. The firm will sell up to 8.71 million shares, which it acquired for a value of Rs 12.75 crore.
RBL Bank: The bank will sell up to 5.77 million shares for Rs 8.44 crore.
Easyaccess Financial Services: The firm will sell up to 5.064 million shares that it acquired for a price of Rs 7.41 crore.
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