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DAM Capital Advisor IPO booked 2x
Dec 19 2024 5:46PM
The IPO was subscribed to a total of 2.10 times. The retail portion was booked more than thrice while the employee section was subscribed 4.26 times, as per NSE’s data. The NII portion was booked 2.44 times. However, the QIBs haven’t shown interest in the issue as of now. 

As part of its growth strategy, the company plans to enter additional fee-based businesses to capitalize on emerging market trends. Additionally, a strategic partnership with a global merchant bank will strengthen its ability to handle cross-border transactions and broaden its international presence.

DAM Capital Advisors is an investment banking firm that provides a diverse array of financial services. It is a leading investment bank in India, with a 12.1% market share in FY24 based on the number of IPOs and QIPs it managed as a book-running lead manager. The company focuses on two main business areas: merchant banking and institutional equities. Its ability to deliver customized research insights and ensure seamless trade execution through its sales trading team positions it as a trusted partner for institutional clients. 

DAM Capital Advisors IPO opened on December 19. It will be closed on December 23. The company’s IPO price band was fixed from Rs 269 to Rs 283 per equity share. The company aims to raise Rs 840.25 crore The allotment of shares is expected to be finalised on December 24. The company’s shares will likely be listed 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.