DAM Capital Advisors IPO is a book-built issue worth ₹840.25 crores. The entire issue is an offer for sale of 2.97 crore shares.
The subscription for the DAM Capital Advisors IPO will open on December 19, 2024, and close on December 23, 2024. The allotment of shares is expected to be finalized on Tuesday, December 24, 2024. The IPO is set to list on both the BSE and NSE, with a tentative listing date scheduled for Friday, December 27, 2024.
DAM Capital Advisors operates in the financial services sector, specifically focusing on investment banking and institutional equities. Their services include equity capital markets (ECM), mergers and acquisitions (M&A) advisory, private equity, structured finance advisory, broking, and research. They cater to a diverse clientele, including institutional investors and high-net-worth individuals (HNIs).
The price band for DAM Capital Advisors IPO is set between ₹269 and ₹283 per share. Investors must apply for a minimum lot size of 53 shares, requiring a minimum investment of ₹14,999 for retail investors. For Small Non-Institutional Investors (sNII), the minimum investment is 14 lots (742 shares), amounting to ₹2,09,986. For Big Non-Institutional Investors (bNII), the minimum investment is 67 lots (3,551 shares), amounting to ₹10,04,933.
Nuvama Wealth Management Limited is the book-running lead manager for this IPO, while Link Intime India Private Ltd serves as the registrar.
DAM Capital Advisors IPO Details:
| Company Name | DAM Capital Advisors Limited |
| Sector | Financial Services |
| IPO Type | Mainboard |
| IPO Open date | 19th Dec 2024 |
| IPO Close date | 23rd Dec 2024 |
| OFS | |
| Listing Exchanges | NSE, BSE |
| Share Holding Pre-issue | |
| DRHP Draft Prospectus | Click to check |
| RHP Draft Prospects | Click to check |
DAM Capital Advisors IPO Lot Size:
| Application | Lot Size | Shares | Amount |
| Retail (Min) | 1 | 53 | 14,999 |
| sHNI (Min) | 14 | 742 | 2,09,986 |
| bHNI (Min) | 67 | 3551 | 10,04,933 |
DAM Capital Advisors IPO Timeline:
| IPO Open Date | 19th Dec 2024 |
| IPO Close Date | 23rd Dec 2024 |
| Basis of Allotment | 24th Dec 2024 |
| Refund Initiation Date | 26th Dec 2024 |
| Shares Credit to Demat | 26th Dec 2024 |
| Listing Date | 27th Dec 2024 |
Things to Consider before applying for an IPO
Financial Performance: Review DAM Capital Advisors’ Financials to understand its revenue, profitability, and growth prospects.
Industry Outlook: Consider the overall health of India’s Financial Services Industry.
Valuation: Compare the price band to similar companies in the industry to see if the IPO is priced fairly.
Management Team: Research the experience and capabilities of the management team.
Our Verdict
This IPO offers a good opportunity to invest in DAM Capital Advisors and be a part of its growth.
FAQ
What is Grey Market Premium (GMP)?
The Grey Market Premium (GMP) represents the price at which an Initial Public Offering (IPO) is traded in the unregulated grey market before its official listing. It serves as an indicator of how the IPO might perform on the listing day. Seeing the latest GMP, investors can estimate the listing performance of the IPO.
