DAM Capital Advisors IPO share allotment is expected to be finalised later today. Investors will receive shares on a lottery basis, with the process supervised by the registrar.
Investors can check their DAM Capital Advisors IPO allotment status on the registrar’s website, Link Intime India Private Ltd, as well as on the NSE and BSE websites.
DAM Capital Advisors’ initial public offering (IPO), the first from a boutique investment firm in India, saw a strong subscription of 81.88 times by the final day of bidding on December 23.
The ₹840 crore issue attracted strong demand from qualified institutional buyers (QIBs) and non-institutional investors. The total number of bids received was 1,703.54 crore shares, compared to the 2.08 crore shares on offer.
The non-institutional investor category was subscribed 98.47 times, while the retail portion was subscribed 26.80 times. The QIB quota received a massive subscription of 166.33 times.
The company’s shares will be listed on the BSE and NSE, with the tentative listing date set for December 27, 2024.
The DAM Capital Advisors Limited IPO opened for subscription on December 19, 2024, and closed on December 23, 2024. The IPO had a price band set at ₹269 to ₹283 per share, with a minimum lot size of 53 shares. The minimum investment amount required for retail investors was ₹14,999.
This was a book-built issue, amounting to ₹840.25 crore. The entire issue was an offer for sale (OFS) of 2.97 crore shares.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.
We're Live on WhatsApp! Join our channel for market insights & updates
Get the link to download the App
