Investors eagerly waiting for the allotment status of the DAM Capital Advisors IPO are facing delays in updates on Link Intime’s official website, raising concerns about transparency and efficiency. Despite the IPO’s robust subscription numbers and strong investor interest, the delay in status updates has led to frustration among retail and institutional participants alike.
Delay in Allotment Status
The allotment of the DAM Capital Advisors IPO was scheduled for December 24, 2024, as per the official timeline. However, as of now, many investors report that the allotment status has not been updated on Link Intime’s website, the designated registrar for this IPO.
Possible Reasons for the Delay
- High Subscription Numbers: With an oversubscription of 81.88 times, the registrar might be facing challenges in processing the high volume of applications.
- QIBs: Subscribed 166.33 times
- NIIs: Subscribed 98.47 times
- Retail Investors: Subscribed 26.8 times
- Employee Quota: Subscribed 40.09 times
- Technical Issues: Heavy traffic on the registrar’s website could be causing disruptions in the system, delaying the processing and publication of allotment status.
- Regulatory or Compliance Checks: Sometimes, extended verification processes to ensure compliance with regulatory norms can delay the allotment update.
- Processing Errors: In rare cases, errors in application data might require additional checks, further prolonging the timeline.
DAM Capital Advisors IPO Key Details
The DAM Capital Advisors IPO, which opened on December 19, 2024, and closed on December 23, 2024, witnessed strong demand across all investor categories. The IPO offered 2,08,04,632 shares, while receiving bids for 1,70,35,38,349 shares from a total of 47,35,871 applications.
Here’s the complete timeline for the IPO:
- Basis of Allotment: December 24, 2024
- Initiation of Refunds: December 26, 2024
- Credit of Shares to Demat Accounts: December 26, 2024
- Listing Date: December 27, 2024
How to Check IPO Allotment Status
To check the allotment status, investors can follow these steps:
- Visit Link Intime’s IPO Allotment Page.
- Enter your PAN, application number, or DP/Client ID.
- Click on “Submit” to view the status of your allotment.
Investor Sentiment
The delay has led to frustration among investors, particularly retail participants who were keenly awaiting the updates. With expectations riding high on the IPO, a timely resolution to these issues will be crucial to maintaining investor confidence.
Link-NEVER-intime 👎
Allotment still not out for
➡️ Transrail Lighting
➡️ DAM Capital Advisors
➡️ Mamata MachineryCheck here later: https://t.co/tZneXapSWM pic.twitter.com/QwrKEB1qlO
— Amit Arora 🇮🇳 (@GuruShareMarket) December 25, 2024
Transrail Lighting IPO
DAM Capital Advisors IPO
Mamata Machinery IPO
Sanathan Textiles IPO
Allotment Status will be available soonDebit Message Started
Join Telegram For Allotment Status Link
Link In Biohttps://t.co/bpijBnHqdh pic.twitter.com/QGZM38yYVY— EquityBuzz (@TheEquityBuzz) December 25, 2024
#ipoallotement #ipoallotement Ipo Allotment for below IPOs are still awaited
1. Mamata Machinery (GMP at 260)
2. DAM Capital – (GMP at 170)
3. Transrail Lighting (GMP at 190)LINKINTIME is known for delayed allotment#ipoallotement #IPOAlert #IPOGMP #IPOs
— Anshul Bansal (@anshul_bansal1) December 25, 2024
Dam Capital IPO allotment process has started, but results aren’t out yet.
Click here to check once released.https://t.co/tINwRMBXi6#IPOAlert #ipoallotement #ipo #DAMCapitalAdvisors
— Babu Mani ChartWiz📈 (@ChartWizMani) December 25, 2024
Still Allotment is Not Declared. #mamata #transrail #dam #capital #ipo #allotment #nse #bse
Linkintime once again lives up to its reputation.
— Zayn (@zayn180324) December 25, 2024
The listing, scheduled for December 27, 2024, remains a key event for market participants. The company’s strong fundamentals and the overwhelming response from investors are expected to make it one of the standout IPOs of the year.
