DAM Capital Advisors IPO Day 1: Retail Portion Fully Subscribed, Issue Gets 0.62x Subscription, Check GMP Today – News18
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DAM Capital Advisors IPO: Unlisted shares of DAM Capital Advisors Ltd are trading at Rs 431 in the grey market, reflecting a GMP of 52.3%, indication a strong listing gain for investors.
DAM Capital Advisors IPO.
DAM Capital Advisors IPO: The initial public offering of domestic investment bank DAM Capital Advisors opened on Thursday. The Rs 840.25-crore IPO has been subscribed over 50 per cent in less than two hours of bidding. Till 11:30 am on the first day on Thursday, the Rs 179.39-crore public issue garnered bids for 2,08,04,632 shares, significantly surpassing the 1,28,89,653 shares on offer, resulting in a subscription rate of 0.62 times.
The price band for the offering has been set between Rs 230 and Rs 243 per share.
DAM Capital Advisors IPO: Category-Wise Subscription
Retail Investors: 1 times subscription
Non-Institutional Investors (NII): 0.56 times subscription
DAM Capital Advisors IPO: Key Dates
Closing Date: December 23 (Monday)
Allotment Finalisation: December 24
Listing on BSE and NSE: December 27 (Friday)
DAM Capital Advisors IPO GMP Today
As per market observers, the unlisted shares of DAM Capital Advisors Ltd are trading at Rs 431 in the grey market, reflecting a premium of Rs 148 (52.3%) over the upper price band of Rs 283. This indicates a potentially strong listing on December 27.
About the IPO
The DAM Capital Advisors IPO is entirely an offer for sale of 2.97 crore shares. Its price band has been fixed at Rs 269 to Rs 283 per share.
The minimum lot size for an application is 53. The minimum amount of investment required by retail investors is Rs 14,999. The minimum lot size investment for small NII is 14 lots (742 shares), amounting to Rs 2,09,986, and for big NII, it is 67 lots (3,551 shares), amounting to Rs 10,04,933.
Nuvama Wealth Management Limited is the book running lead manager of the DAM Capital Advisors IPO, while Link Intime India Private Ltd is the registrar for the issue.
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