DAM Capital Advisors IPO Listing: All Eyes on December 27 Debut and GMP Trends

The DAM Capital Advisors IPO, which closed on Monday, garnered attention from investors, achieving an overall subscription of 81.88 times. Following this remarkable response, its listing is scheduled for Friday.

The public offering opened for subscription on December 19,, with an issue size of Rs 840.25 crore structured as an Offer for Sale (OFS) of 2.97 crore shares. Consequently, no funds from this IPO will be directed to the company. The IPO price band was set at Rs 269–Rs 283 per share, and the minimum lot size required retail investors to apply for 53 shares, amounting to a minimum investment of Rs 14,999.

Investors from all categories showed robust interest. Retail investors subscribed 26.8 times their allocated quota, while Qualified Institutional Buyers (QIB) subscribed 166.33 times. Meanwhile, Non-Institutional Investors (NII) subscribed 98.47 times the shares reserved for them.

Grey Market Premium (GMP) trends often offer insights into an IPO’s expected listing performance. For DAM Capital Advisors IPO, the GMP as of December 25, 2024, was Rs 170. With the IPO’s upper price band at Rs 283, the projected listing price is approximately Rs 453. This suggests a potential listing gain of 60.07 per cent per share, making it an attractive proposition for early investors.

The allotment of shares was finalized on Tuesday. Investors can verify their DAM Capital Advisors IPO allotment status on the Bombay Stock Exchange (BSE) website or through Link Intime India Private Ltd, which is the registrar for this IPO.

Shares are set to list on both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) on Friday, with market analysts keeping a close eye on its debut performance.

The book-running lead manager for the issue is Nuvama Wealth Management Limited, with Link Intime India Private Ltd acting as the registrar.