DAM Capital Advisors Limited IPO is set to offer promising growth prospects as it opens for subscription from December 19 to December 23, 2024. The IPO has a price band of ₹269-283 per share, aiming to raise ₹840.25 crore through an offer-for-sale (OFS) of 2.97 crore shares.
GMP Trends and Expectations:
As of December 19, 2024, the IPO’s grey market premium (GMP) stands at ₹148, with an estimated listing price of ₹431, reflecting an expected gain of 52.3% per share. Retail subject-to-sauda is ₹6,000, while small HNI is pegged at ₹84,000. The GMP shows strong upward trends over the last eight sessions, signaling positive market sentiment for the listing.
Key Financial Highlights:
DAM Capital has showcased robust financial growth in recent years:
- FY24 Revenue: ₹182 crore, a 114% increase YoY.
- FY24 Net Profit: ₹70.52 crore, up from ₹8.67 crore in FY23.
The company holds a significant 12.1% market share in IPO and QIP management, highlighting its expertise in investment banking and related services.
Bajaj Broking’s Recommendation:
Bajaj Broking has issued a “Subscribe for Long Term” recommendation, emphasizing DAM Capital’s strong market position, diverse client base, and strategic focus on expanding its services. The brokerage highlights the company’s robust valuation, driven by its market leadership in investment banking and advisory services.
IPO Details:
- Issue Size: ₹840.25 crore
- Lot Size: 53 shares
- Minimum Investment: ₹14,921
- Listing Date: December 27, 2024
- Registrar: Link Intime India Private Ltd
Competitive Edge:
DAM Capital’s expertise in IPOs, QIPs, and structured finance, coupled with its focus on technological innovation and international market expansion, positions it for significant long-term growth.
The IPO presents a compelling opportunity for investors, supported by favorable GMP trends and strong endorsements from market analysts.
