DAM Capital Shares List at ₹393, Surge 39% from IPO Price

DAM Capital Advisors shares made a strong debut on December 27, 2024, listing at ₹393 on the NSE and at ₹392 on BSE, marking a 39% increase from the IPO issue price of ₹283, reflecting positive investor sentiment.

Subscription Details

DAM Capital Advisors’ initial public offering (IPO), saw a strong subscription of 81.88 times by the final day of bidding on December 23.

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.

IPO Details 

The DAM Capital Advisors Limited IPO bidding opened on December 19, 2024, and closed on December 23, 2024, with the allotment of shares finalised on Tuesday, December 24, 2024. The IPO had a price band set at ₹269 to ₹283 per share, with a minimum lot size of 53 shares. 

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. 

RBL Bank Sells Stake

RBL Bank has divested its full 8.16% stake in DAM Capital Advisors Limited through an offer for sale (OFS) following the company’s initial public offering (IPO) from December 19 to 23, 2024. The transaction, valued at ₹163.32 crore (excluding taxes and associated costs), was reported by the bank in a filing to the exchange on Thursday.

About DAM Capital Advisors 

DAM Capital Advisors provides a comprehensive suite of financial services in investment banking. These services include equity capital markets (ECM), mergers and acquisitions, private equity (PE), structured finance advisory, and institutional equities covering both broking and research.

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