The DAM Capital Advisors IPO subscription status Day 2 highlights strong investor interest, with the issue being subscribed 6.98 times by December 20, 2024. Non-Institutional Investors (NIIs) led the demand with a subscription of 11.49 times, followed by Retail Individual Investors (RIIs) at 8.96 times, while Qualified Institutional Buyers (QIBs) subscribed 0.07 times. The robust response underscores investor confidence in DAM Capital Advisors’ market position and growth potential.
DAM Capital Advisors IPO subscription status : Day2
| Investor Category | Subscription (Times) |
|---|---|
| Non-Institutional Investors (NIIs) | 11.49 |
| Retail Individual Investors (RIIs) | 8.96 |
| Qualified Institutional Buyers (QIBs) | 0.07 |
| Overall | 6.98 |
DAM Capital Advisors IPO GMP
| Date | GMP (₹) | What It Indicates |
|---|---|---|
| December 18, 2024 | ₹150 | A strong start, showing initial enthusiasm from investors. |
| December 19, 2024 | ₹160 | Demand continues to grow as the IPO opens for subscription. |
| December 21, 2024 | ₹170 | Investor confidence is surging, with high expectations for listing gains. |
DAM Capital Advisors IPO Overview
The IPO, which opened on December 19 and will close on December 23, 2024, is an entirely Offer for Sale (OFS) of 2.97 crore equity shares, aiming to raise ₹840.25 crore at the upper price band of ₹283 per share.
| Detail | Information |
|---|---|
| Price Band | ₹269 to ₹283 per share |
| Lot Size | 53 shares |
| Minimum Investment | ₹14,999 |
| Issue Size | ₹840.25 crore (OFS) |
| IPO Dates | December 19 to 23, 2024 |
| Expected Listing Date | December 27, 2024 |
DAM Capital Advisors IPO GMP
| Date | GMP (₹) | What It Indicates |
|---|---|---|
| December 18, 2024 | ₹150 | A strong start, showing initial enthusiasm from investors. |
| December 19, 2024 | ₹160 | Demand continues to grow as the IPO opens for subscription. |
| December 21, 2024 | ₹170 | Investor confidence is surging, with high expectations for listing gains. |
About DAM Capital Advisors
DAM Capital Advisors is a leading investment bank in India, known for offering a wide range of financial services, including equity capital markets, mergers and acquisitions, private equity, and structured finance advisory. With its robust business model and reputation, the company has attracted significant interest from retail and non-institutional investors.
The strong subscription numbers underscore the market’s confidence in DAM Capital Advisors’ growth potential and industry position. Investors are now looking forward to the allotment of shares on December 24, 2024, with the company expected to make its stock market debut on December 27, 2024.
Pravin Bhosale
Since stepping into the world of trading in 2019, i have gained valuable experience navigating the markets, have knowldge in indices like Bank Nifty, Nifty IT, Sensex, Bankex, and Finifty. Also have sound knowldge about IPO industry & ipo process. our blog aims to make finance approachable, offering practical insights for readers to better understand and act on market trends.