DAM Capital Advisors Ltd. made an impressive debut on the stock market today, listing at ₹393 on the National Stock Exchange (NSE), marking a 38.87% premium over its issue price of ₹283 per share. The strong listing reflects robust demand during the IPO phase and high investor interest.
IPO Details and Key Highlights
- IPO Price Band: ₹269 – ₹283 per share
- Lot Size: 53 shares
- Total Issue Size: 2,96,90,900 shares, aggregating up to ₹840.25 crore
- Subscription: The IPO was subscribed 81.88 times, with strong participation across categories:
- Qualified Institutional Buyers (QIBs): Subscribed 166.33 times
- Non-Institutional Investors (NII): Subscribed 98.47 times
- Retail Investors: Subscribed 26.8 times
Market Debut
The stock opened at ₹393, registering a gain of ₹110 per share over the upper price band of ₹283. This represents a 38.87% listing premium, making it a notable debut in the current IPO market.
Disclaimer: This article is for informational purposes only. Please consult a certified financial advisor before making any investment decisions.
