DAM Capital Advisors IPO, which was open for subscription from December 19 to December 23, 2024, made it debut on the stock market today (December 27), listing with a 39 per cent premium.
The company shares on BSE was opened at 392.90 per share, a 38.83 per premium to the issue price of Rs 283 per share and on NSE, it was listed at Rs 393.
The price band for the issue was set between the range of Rs 269 to Rs 283 per share.
Here’s a closer look at its performance, key highlights, and financial details.
DAM Capital Advisors – GMP Ahead of Listing
Prior to the official listing of the company on the Indian bourses, DAM Capital Advisors was trading at a Grey Market Premium (GMP) of Rs 155. This indicated an estimated listing price of Rs 438 per share, with a 54.77 per cent premium over the issue price of Rs 283.
Also Read: 6 IPOs debuting on the stock market today: Check out the complete list and latest GMP ahead of their listing
DAM Capital Advisors IPO Highlights
The IPO garnered immense attention from investors, receiving a total subscription of 81.88 times. Here is how different investor categories participated:
Retail Investors – Subscribed 26.8 times.
Qualified Institutional Buyers (QIBs) – Subscribed 166.33 times.
Non-Institutional Investors (NIIs) – Subscribed 98.47 times.
The DAM Capital Advisors IPO had an issue size of Rs 840.25 crore, entirely offered for sale (OFS). This structure indicates that the proceeds were directed towards the selling shareholders rather than the company itself.
Anchor Investor Allotment
Ahead of the public subscription, DAM Capital Advisors raised Rs 251.48 crore through anchor investors.
Also Read: DAM Capital Advisors IPO Vs Mamata Machinery IPO: Which issue will list with higher gains?
Financial Growth
Talking of the financial performance, the company has reported a positive momentum between the fiscal years ending March 2023 and March 2024. During this period, the revenue of the company increased by 114 per cent and profit after tax (PAT) surged by 713 per cent.
Lead Manager and Registrar
The IPO was managed by Nuvama Wealth Management as the book-running lead manager, while Link Intime India Private Ltd acted as the registrar for the issue Link Intime India acted as the registrar for the issue.
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