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  1. DAM Capital Advisors Share Price highlights: Share close 5.15% higher on listing day; IPO investors get richer by 44%

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DAM Capital Advisors Share Price highlights: Share close 5.15% higher on listing day; IPO investors get richer by 44%

Upstox

3 min read | Updated on December 27, 2024, 15:35 IST

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SUMMARY

The ₹845 crore public issue received a bumper response from day 1, as it was fully subscribed within hours of opening for subscription. On the final day of subscription, the overall IPO was subscribed 81.8 times, led by a strong response from the QIB category, which subscribed 166 times.

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DAM Advisors is an entirely offer for sale worth ₹845 crore, where existing shareholders are selling their stake.

DAM Capital Advisors share price at 3:30 pm: listing price Shares of DAM Capital Advisors closed 5.17% higher at ₹415 apiece on the NSE after rising nearly 16% post listing at 38.8% premium. The overall IPO was oversubscribed by 81.2 times after securing strong response from qualified institutional investors and retail investors.
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DAM Capital Advisors share price at 2:37 pm: listing price Shares of DAM Capital Advisors traded 6% higher at ₹416 apiece after hitting listing day high of ₹456 apiece on the NSE.
DAM Capital Advisors share price at 12:50 pm: listing price

CMP- ₹422

High- ₹456

Low- ₹392

Open- ₹393

DAM Capital Advisors share price at 10:30 am: listing price DAM Capital Advisors share price jumps 16% post listing at 38% premium over the issue price.The investors who got shares in the public issue are sitting with gains of nearly 61% from the issue price of ₹283 apiece.
DAM Capital Advisors share price: listing price DAM Capital Advisors share price jumps 10% to hit listing day high of ₹436 apiece on NSE after listing at 38.8% permium over issue price.
DAM Capital Advisors share price: Pre-open listing price Shares of DAM Capital Advisors listed at a premium of 38.8% at ₹393 apiece on the NSE. The public issue was 81.8 times oversubscribed on the final day of subsciption.
DAM Capital Advisors share price: Business model DAM capital is SEBI registered merchant banker and research analyst firm. It provides a wide range of financial solutions in areas of merchant banking comprising equity capital markets, mergers and acquisitions, private equity, and structured finance advisory; and institutional equities comprising broking and research.

The company has a market share of 12.1%, based on the number of initial public offerings (IPOs) and qualified institutional placements undertaken by it as the book-running lead manager in fiscal 2024, according to Crisil report.

In the last three fiscal years, the company has helped its clients raise over ₹25,648 crore via IPOs and ₹10,534 crore via QIPs. The company earns most of its revenue from fees and commission income, with the merchant banking business making up over 67% of overall revenue in FY24, while the broking business contributes the rest. As of October 31, 2024, the company has 121 employees across all its verticals.

DAM Capital Advisors share price: Price Band The IPO is entirely offer-for-sale (OFS). The IPO price band has been set between ₹269 and ₹283. Interested investors can choose a price within this band to apply for the IPO.

The IPO is a book-building issue of ₹840.25 crore, with an offer for sale of 2.97 crore shares of face value ₹2 each (totalling ₹₹840.25 crore).

The DAM Capital Advisors IPO listing price will be tentatively determined on December 27, 2024. The listing price is the price at which a company’s shares debut on the stock exchanges.

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