The share allotment for DAM Capital Advisors Limited’s ₹840.25-crore IPO is set to be finalized today, December 24, 2024. The IPO, which closed on December 23, garnered significant investor interest, being oversubscribed 81.88 times.
Subscription details:
The IPO received bids for 1,70,35,38,349 shares against the 2,08,04,632 shares on offer. Here’s the breakdown:
- Qualified Institutional Buyers (QIBs): Oversubscribed 166.33 times
- Non-Institutional Investors (NIIs): Oversubscribed 98.47 times
- Retail Investors: Oversubscribed 26.80 times
- Employee Portion: Oversubscribed 40.09 times
IPO details:
- Issue size: ₹840.25 crore (entirely offer-for-sale)
- Price band: ₹269 to ₹283 per share
- IPO period: December 19 to December 23, 2024
Grey Market Premium (GMP):
The shares are currently trading at a GMP of ₹170, reflecting a 60.07% premium over the upper price band of ₹283. This indicates a potential listing price of ₹453 per share, but investors should note that GMP is not an official predictor of actual listing performance.
Important dates:
- Share Credit/Refunds: December 26, 2024
- Listing Date: December 27, 2024
Steps to check IPO allotment status:
You can check the allotment status online through BSE, NSE, or the registrar, Link Intime India Pvt Ltd.
On BSE:
- Visit the IPO allotment page on the BSE website: BSE Allotment Status.
- Select ‘Equity’ as the issue type.
- Choose DAM Capital Advisors Ltd from the dropdown.
- Enter your application number or PAN.
- Verify the CAPTCHA and click ‘Search.’
On Link Intime India Pvt Ltd:
- Visit Link Intime’s website.
- Go to Investor Services > Public Issues.
- Select DAM Capital Advisors Ltd from the dropdown.
- Enter your PAN, application number, or DP/Client ID.
- Click ‘Submit’ to view the status.
On NSE:
- Log in to the NSE website with your registration ID and password.
- Check the status under the IPO section.
About DAM Capital Advisors Ltd:
DAM Capital Advisors is a fast-growing merchant banking company specializing in investment banking, institutional equities, and structured finance advisory. It has established itself as a reliable provider of financial solutions tailored to diverse client needs.
Stay tuned for further updates on the listing performance of DAM Capital Advisors IPO on December 27, 2024.
