The upcoming DAM Capital Advisors IPO has generated significant interest among investors, as the Grey Market Premium (GMP) climbed to ₹108 on December 16, reflecting positive market sentiment. The IPO will open for subscription on December 19, 2024, and close on December 23, 2024.
Key IPO Details:
- IPO Size: ₹840.25 crore (entirely an offer for sale of 2.97 crore shares).
- Price Band: ₹269 to ₹283 per share.
- Lot Size: Minimum 53 shares; investment starts at ₹14,999 for retail investors.
- GMP: ₹108, indicating an estimated listing price of ₹391 (a premium of 38.16%).
- Listing Date: Scheduled for December 27, 2024, on the BSE and NSE.
IPO Timeline:
- Basis of Allotment: December 24, 2024
- Refund Initiation: December 26, 2024
- Demat Credit: December 26, 2024
DAM Capital Advisors, a leading investment bank, has demonstrated strong credentials, successfully executing 72 ECM transactions since November 2019. This IPO has already attracted attention for its robust performance and rising GMP, signaling strong demand from investors ahead of its listing.
