The DAM Capital Advisors IPO has generated significant interest, with the issue being subscribed over 20 times as of Day 3 of the subscription period. The IPO opened on December 19, 2024, and will close on December 23, 2024. The price band for the shares is set between ₹269 and ₹283, with a minimum bid requirement of 53 shares. As of December 23, the Grey Market Premium (GMP) has surged to 55%, indicating strong demand, with unlisted shares trading at approximately ₹160 [867a8ee7].
The total subscription figures reveal a robust participation across different investor categories, with Qualified Institutional Buyers (QIBs) subscribing at 1.66 times, Non-Institutional Investors (NIIs) at 98.47%, Retail Individual Investors (RIIs) at 26.80%, and Employee Reserved shares at 40.09%. This diverse interest highlights the confidence investors have in the company’s growth potential [867a8ee7].
DAM Capital Advisors has reported a revenue compound annual growth rate (CAGR) of 38.8% and holds a market share of 12.1% in the IPO and Qualified Institutional Placement (QIP) segments. The company is targeting a market capitalization of ₹2,000 crore, with a projected price-to-earnings (P/E) ratio of 22.8x for FY25 [867a8ee7].
The allotment of shares is expected to be finalized on December 24, 2024, with the listing scheduled for December 27, 2024, on both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) [867a8ee7].