December 23, 2024
New Delhi, India
DAM Capital Advisors IPO
The initial public offering (IPO) of DAM Capital Advisors Ltd concluded with significant investor interest, being oversubscribed 12.22 times by the end of the third and final day of bidding on December 23.
Key IPO Highlights:
- Issue Size: ₹840.25 crore, entirely an offer-for-sale (OFS) of 2.97 crore equity shares.
- Price Band: ₹269 to ₹283 per share.
- Demand Breakdown:
- Retail Investors: Subscribed 12.67 times.
- Non-Institutional Investors (NIIs): Subscribed 25.64 times.
- Qualified Institutional Buyers (QIBs): Subscribed 1.30 times.
Subscription Data:
By 11:15 AM on the final day, the IPO received bids for 25.43 crore shares against 2.08 crore shares available, as per NSE data.
GMP and Market Sentiment:
The IPO’s Grey Market Premium (GMP) has shown a positive trend, reflecting strong demand and favorable investor sentiment for the issue.
Investor Insights:
DAM Capital Advisors IPO witnessed the highest demand from Non-Institutional Investors, followed by Retail Investors, with robust oversubscription across categories.
Disclaimer:
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