DAM Capital Advisors IPO fully subscribed within hours on opening day; check lot size, key dates and more

DAM Capital Advisors IPO opened to strong demand from investors. The initial public offering was fully subscribed within hours of opening. The issue was subscribed 1.04 times until 12:36 pm on Thursday.

According to consolidated data on the NSE's website, the initial share sale received bids for 2,16,56,595 shares against 2,08,04,632 shares on offer.

Retail investors' portion was subscribed 1.63 times, as it received bids for 1,68,92,372 shares against 1,03,67,315 shares reserved for them.

Non-institutional investors attracted 44,57,406 bids compared to 44,43,135 shares on offer, leading to 1.03 times subscription.

Under OFS, promoter Dharmesh Anil Mehta and investors RBL Bank, Multiples Alternate Asset Management, Narotam Satyanarayan Sekhsaria, and Easyaccess Financial Services are selling shares.

The minimum lot size for retail investors is 53 shares, requiring an investment of ₹14,999.

Half of the net issue has been reserved for qualified institutional buyers, 15% for NIIs and 35% for retail investors.

DAM Capital Advisors raises ₹251 cr from anchor investors

The company allotted 88.86 lakh equity shares to 33 funds at ₹283 apiece.

DAM Capital Advisors IPO: Allotment and listing date

• Subscription period: December 19 to December 23
• Finalisation of allotment: December 24
• Initiation of refund: December 26
• Demat transfer: December 26
• Listing: December 27

DAM Capital Advisors is a financial solutions provider in investment banking, which includes equity capital markets, private equity, mergers and acquisitions, structured finance advisory; and institutional equities, which includes broking and research.