DAM Capital Advisors IPO allotment will be finalised on December 24. The issue was subscribed to a total of 81.88 times. The retail investors booked the IPO 26.8 times. The employee portion was booked 40 times. The NIIs subscribed to the issue 98.47 times. The QIBs dominated the issue by booking it 166.33 times.
Here’s how you can check the allotment online on Link Intime India:
Step 1
Go to the registrar’s website and navigate to the public issues. Link Intime India is working as the registrar.
Step 2
You need to fill in all your details such as your company name and PAN card number
Step 3
You’re all set to go. Just hit the search button to check the allotment status.
The investors who would not have been allotted shares will receive a refund from the registrar, which will appear in the bank account. The registrar of the issue is responsible for the refund and IPO allotment. The refund is expected to be initiated on December 26.
About DAM Capital Advisors IPO
DAM Capital Advisors is a leading investment bank in India with a 12.1% market share in Fiscal 2024 based on the number of IPOs and QIPs where it acted as the book-running lead manager. The company operates in two primary segments: Merchant Banking and Institutional Equities. It offers a wide range of financial solutions, including equity capital markets (ECM), M&A advisory, private equity, structured finance, broking and research, positioning itself as a comprehensive financial services provider in India.
DAM Capital Advisors IPO review
“We believe DAM Capital Advisors’ IPO gives investors an opportunity to invest in a leading and rapidly growing merchant bank in India. The company has demonstrated strong market leadership, holding a 12.1% share in IPOs and QIPs in Fiscal 2024, with consistent improvement from 8.2% in Fiscal 2021. With a strategic approach to emerging investment themes, we believe DAM Capital is well-positioned to capitalise on India’s vibrant equity markets. Hence, looking at all attributes we recommend investors to “Subscribe” the DAM Capital Advisors IPO for listing gain perspective only,” said Mehta Equities in an IPO note.
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