The highly anticipated DAM Capital Advisors IPO, valued at ₹840.25 crore, opened for subscription on December 19 and is scheduled to list on the NSE and BSE on December 27. This IPO, entirely an offer-for-sale (OFS) of 2.97 crore shares, has generated significant interest in the market. The DAM Capital IPO allotment status is expected to be finalized on December 24, following the successful closure of the public offering.
Strong Demand for DAM Capital Advisors IPO
As of December 23, the DAM Capital IPO subscription status showcased overwhelming demand, with the issue subscribed 57.95 times. Investors applied for over 120 crore shares against the 2.08 crore shares on offer. Key highlights of the subscription include:
- Non-Institutional Investors (NIIs): Subscribed 92.33 times, with 41.02 crore shares applied.
- Retail Investors: Subscribed 22.41 times.
- Qualified Institutional Buyers (QIBs): Subscribed 94.65 times, with 56.07 crore shares applied.
- Employees’ Quota: Subscribed 32.75 times.
How to Check Allotment Status on NSE, BSE, and Link Intime
Investors can check the DAM Capital Advisors IPO allotment status on the official websites of the NSE, BSE, or the registrar, Link Intime India Pvt Ltd. Here’s a step-by-step guide:
To Check Allotment Status on NSE:
- Visit the NSE IPO allotment status page.
- Log in using your credentials or register as a new user.
- Select “DAM Capital Advisors IPO” from the dropdown list.
- Enter your application number and PAN details.
- Click ‘Submit’ to view your allotment status.
To Check Allotment Status on Link Intime:
- Visit the Link Intime IPO allotment status page.
- Select “DAM Capital Advisors Limited” from the dropdown.
- Choose an identification method: PAN, Application Number, DP ID, or Account Number.
- Enter the required details and click ‘Submit’.
- Your IPO allotment status will be displayed.
Key Details of DAM Capital Advisors IPO
- Offer Type: Offer-for-sale of 2.97 crore shares.
- Price Band: ₹269 to ₹283 per share.
- Minimum Application: Retail investors could apply for 53 shares (₹14,999).
- sNIIs: Minimum investment of ₹2,09,986 for 742 shares.
- bNIIs: Minimum investment of ₹10,04,933 for 3,551 shares.
- Lead Manager: Nuvama Wealth Management Limited.
Use of Proceeds
Since the IPO is a complete offer-for-sale, the company will not receive any proceeds. Instead, the funds will go to the selling shareholders.
DAM Capital Advisors: Company Overview
DAM Capital Advisors Ltd specializes in investment banking services, including equity capital markets, mergers and acquisitions, private equity, and structured finance advisory. The company also offers institutional equities services such as broking and research. Between November 2019 and October 2024, DAM Capital Advisors completed 72 ECM transactions and advised on 23 M&A and private equity transactions.
Financial Highlights
- FY24 Revenue: ₹180 crore (up from ₹85 crore in FY23).
- FY24 PAT: ₹70.5 crore (up from ₹8.67 crore in FY23).
- For the six months ended September 30, 2024, revenue stood at ₹107 crore, with a profit of ₹43.7 crore.
Shareholding Pre- and Post-IPO
- Promoters’ Stake Before IPO: 45.88%.
- Promoters’ Stake After IPO: 41.5%.
Conclusion
The DAM Capital Advisors IPO has captured significant attention in the market, with its strong IPO subscription status and robust demand across investor categories. Investors eagerly await the allotment on December 24, with the stock set to debut on the NSE and BSE on December 27. Stay updated with the latest IPO subscription details and allotment status to make informed decisions.
FAQ Section
What is the price band for DAM Capital Advisors IPO?
The price band is ₹269 to ₹283 per share.
When will the allotment status be finalized?
The allotment status will be finalized on December 24, 2024.
How can I check my allotment status?
You can check your allotment status on the official websites of NSE, BSE, or Link Intime India Pvt Ltd.
When is the IPO listing date?
The IPO is scheduled to list on the NSE and BSE on December 27, 2024.
read more about IPO Updates on niftynews