DAM Capital Advisors IPO booked 82.08 times: Here’s how to check allotment status on NSE, Link Intime

DAM Capital Advisors IPO share allotment status is expected to be finalised on Tuesday, December 24, following the successful subscription of the public offer.

The mainboard issue continued to see a strong demand across investor categories on the last day of bidding on December 23.

The ₹840.25-crore initial public offering of the financial solutions provider opened for subscription on December 19.

The IPO was booked 82.08 times on the last day of bidding. The investors applied for more than 170.76 crore shares against 2.08 crore shares on offer.

The Non-Institutional Investors (NIIs) booked their quota 98.62 times. The NIIs applied for 43.82 crore shares against 44.43 lakh shares on offer. The retail portion of the IPO was subscribed over 27.13 times with bids for more than 28.12 crore shares compared to 1.03 crore shares reserved for them.

The Qualified Institutional Buyers (QIBs) applied for nearly 98.54 crore shares against 59.24 lakh shares on offer, leading to a subscription of 166.33 times in the category. The employees’ quota was booked 40.55 times with bids for over 28.38 lakh shares against 70,000 shares allocated to them.

Investors who participated in the IPO bidding can check the share allotment status on the websites of the NSE, BSE, and the issuing registrar, Link Intime India Pvt Ltd.

• Go to the official NSE IPO allotment status page, HERE.
• Log in with your credentials if you already have an account.
• If you're a new user, complete the registration process before logging in.
• Select "DAM Capital Advisors IPO" from the dropdown list.
• Enter your application number and PAN details accurately for verification.
• Click ‘Submit’ to view the status of your IPO allotment.

• Go to the IPO allotment status page on the Link Intime website: https://linkintime.co.in/initial_offer/public-issues.html
• From the ‘Select Company’ dropdown menu, choose ‘DAM Capital Advisors Limited’.
• Select any one of these — PAN, Application Number, DP ID or Account Number.
• Enter the relevant details.
• Click on ‘Submit’.
• Your IPO allotment status will be displayed on the screen.

DAM Capital Advisors IPO: Key details

• DAM Capital Advisors IPO consists entirely of an offer-for-sale (OFS) of 2.97 crore shares.
• The price band for the DAM Capital Advisors IPO was set between ₹269 and ₹283 per share. Retail investors were allowed to apply for a minimum lot of 53 shares, with an investment of ₹14,999.
• For sNII (small non-institutional investors), the minimum investment was set at ₹2,09,986 for 742 shares, or 14 lots.
• Similarly, bNIIs (big non-institutional investors) had to invest a minimum of ₹10,04,933 for 3,551 shares, or 67 lots.
• Nuvama Wealth Management Limited is the book running lead manager for the IPO.
• The IPO listing date has been tentatively fixed as December 27. Shares of DAM Capital Advisors will be listed on the NSE and BSE.

DAM Capital Advisors IPO: Use of proceeds

DAM Capital Advisors Ltd’s services include investment banking, which covers equity capital markets (ECM), mergers and acquisitions (M&A), private equity (PE), and structured finance advisory.

The company also provides institutional equities services, including broking and research.

Between November 7, 2019, and October 31, 2024, DAM Capital Advisors completed 72 ECM transactions. The company has also advised on 23 transactions related to M&A, private equity and structured finance.

DAM Capital Advisors: Key financials

In FY24, the company’s revenue from operations stood at ₹180 crore, marking an increase from ₹85 crore in FY23 and ₹93 crore in FY22. Similarly, the company’s PAT also saw an increase, reaching ₹70.5 crore in FY24, compared to ₹8.67 crore in FY23 and ₹21.9 crore in FY22.

For the six months ended September 30, 2024, the company reported a revenue from operations of ₹107 crore, with a profit after tax of ₹43.7 crore.

DAM Capital Advisors IPO shareholding pattern

The company's promoters are Dharmesh Anil Mehta, Sonali Dharmesh Mehta, and Boombucket Advisors Private Ltd. Before the issue, the promoters held a 45.88% stake in the company, which will be reduced to 41.5% following the issue.