Investor demand for DAM Capital Advisors’ IPO was high when it opened. Within hours of its launch, the IPO was completely subscribed for. The subscription count for the issue was 1.52 until Thursday at 01.45 p.m.
Consolidated data on the NSE website indicates that 2,16,56,595 shares were bid on during the first share sale, out of the 2,08,04,632 shares that were up for grabs.
Consolidated data on the NSE website indicates that 2,16,56,595 shares were bid on during the first share sale, out of the 2,08,04,632 shares that were up for grabs.
Subscription across categories
With bids for 1,68,92,372 shares against 1,03,67,315 shares set aside for retail investors, the portion that was allocated to them was subscribed 1.63 times.
With 44,57,406 bids from non-institutional investors and 44,43,135 shares available, the subscription was 1.03 times.
Anchor invetors
Anchor investors such as Nomura, HSBC, Societe Generale, Goldman Sachs, Nippon India Mutual Fund (MF), Aditya Birla Sun Life MF, Kotak MF, and HDFC MF contributed Rs 251.48 crore to investment bank DAM Capital Advisors.
33 funds received 88.86 lakh equity shares from the company at a price of Rs 283 each.
Offer size and structure
There is no fresh issue component to this offer-for-sale of 2.97 crore shares, valued at Rs 840.25 crore.
Qualified institutional buyers will receive half of the net issue, followed by Non instituttional Invetors (NIIs) 15 per cent and 35 per cent of total issue is reserved for retail investors.
Price band and minimum bids
The price range for DAM Capital Advisors’ IPO is Rs 269 to Rs 283 per share. 53 is the minimum lot size required for an application.
Retail investors are required to invest a minimum of Rs 14,999. For both sNII and bNII, the minimum lot size investment is 14 lots comprising of 742 shares, amounting Rs 2,09,986, and 67 lots comprising of 3,551 shares, for Rs 10,04,933.
Subscription and listing dates
The subscription period for DAM Capital Advisors’ initial public offering (IPO) began on December 19, 2024, and it will end on December 23, 2024.
On Tuesday, December 24, 2024, the allocation for the DAM Capital Advisors IPO is anticipated to be finalized. The tentative listing date for DAM Capital Advisors’ initial public offering (IPO) is set for Friday, December 27, 2024, on the BSE and NSE.
About company
Investment banking, including equity capital markets, private equity, mergers and acquisitions, and structured finance advisory, as well as institutional equities, including broking and research, are among the financial solutions offered by DAM Capital Advisors.
