DAM Capital Advisors IPO GMP: The IPO development continues even in the final week of the final month of the 12 months. Especially the IPO of DAM Capital Advisors has performed wonders. This IPO acquired large response from traders on the third day. This IPO was subscribed 81.88 occasions.
There was large demand for this IPO, particularly from non-institutional traders (NII). NII subscribed it 98.47 occasions. Retail traders subscribed it 26.80 occasions, whereas Qualified Institutional Buyers (QIBs) subscribed it 166.33 occasions.
What is the worth band?
The IPO of DAM Capital Advisors is totally an Offer for Sale (OFS), which implies the quantity raised will go to the sellers. The firm has fastened the worth vary per share i.e. worth band at Rs 269-283 for the IPO. Investors can bid in a single lot of 53 shares.
Gray Market Premium (GMP) continues to dominate
On Monday, unlisted shares of DAM Capital Advisors had been buying and selling at Rs 160 per share. This represents a grey market premium of 55% over the higher worth band of Rs 283.
in the present day was the final date
This IPO opened on 19 December and closed on 23 December. The allotment of the IPO is predicted to happen on December 24 and the itemizing on December 27 on BSE and NSE.
What does DAM Capital Advisors do?
DAM Capital Advisors is one of the main funding banking corporations in India. It affords a vary of companies together with fairness capital markets, mergers and acquisitions, non-public fairness, structured monetary advisory and broking and analysis.
The firm’s whole earnings grew at a CAGR price of 38.77% to Rs 182 crore between FY22-FY24. The firm has efficiently accomplished 72 fairness capital market transactions thus far.
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