DAM Capital Advisors IPO subscribed overall 81.88 times on the last day, while A retail quota was subscribed 26.8 times, QIB was subscribed 166.33 times, and NII quota subscribed by 98.47 times respectively.
Details About DAM Capital Advisors IPO
DAM Capital Advisors got approval from SEBI for an IPO of ₹840.25 crores to raise funds and maintain financial stability. The face value of each share was Rs 2 each. Moreover, the company has set up a price band between ₹269 to ₹283 per share. In this IPO total of 53 shares were available in 1 lot size for the minimum Retail category and for the maximum retail category 689 shares in 13 lot size. S-HNI (Min) has a total of 742 shares in 14 lot sizes, while B-HNI Minimum has a total of 3,604 shares available in 68 lot sizes.
To invest in this IPO, each investor category has specific investment amounts:
- Retail Investors: Minimum investment of ₹14,999 and maximum investment of ₹1,94,987.
- Small HNI (S-HNI): Minimum investment of ₹2,09,986.
- Big HNI (S-HNI): Minimum investment of ₹10,19,932.
Subscription duration of DAM Capital Advisors IPO
The opening date of DAM Capital Advisors IPO subscription was 19 December and the close date was 23 December. The DAM Capital Advisors IPO allotment was finalized on December 24 and the IPO listing is on December 27.
Funds Deployment of This Company
The company plans to use the money raised from the new shares for the following purposes:
The funds raised through this IPO in which the company will not receive any proceeds of the Offer for Sale by the Selling Shareholders.
About DAM Capital Advisors IPO
DAM Capital Advisors Limited, one of India’s top investment banks, was established on May 7, 1993. Among the financial services DAM Capital offers services to its clients are (i) investment banking, which includes equity capital markets (“ECM”), mergers and acquisitions (“M&A”), private equity (“PE”), and structured finance advisory; and (ii) institutional equities, which includes broking and research. They have completed 67 ECM transactions as of July 31, 2024, which include 26 IPOs, 15 placements by qualifying institutions, 5 offers for sale, 6 preferential issues, 3 rights issues, 7 buybacks, 4 open offers, and 1 IPO of units by a real estate investment trust. Additionally, as of July 31, 2024, DAM Capital Advisory has completed block trades and provided advice on 20 advisory transactions, including M&A, private equity, and structured financing. Revenue rose by 114% and profit after tax (PAT) grew by 713% as of March 31, 2024.
DAM Capital Advisors IPO Financial Background
The company reported revenue of ₹180.04 crores in 2024 against ₹84.93 crores in 2023. The company reported a profit of ₹70.52 crores in 2024 against a profit of ₹8.67 crores in 2023.
