DAM Capital Advisors IPO GMP: The popularity of IPOs continues even in the last week of the last month of the year. Especially the IPO of DAM Capital Advisors has done wonders. This IPO received a tremendous response from investors on the third day. This IPO was subscribed 81.88 times.

There was tremendous demand for this IPO, especially from non-institutional investors (NIIs). NIIs subscribed it 98.47 times. Retail investors subscribed it 26.80 times, while qualified institutional buyers (QIBs) subscribed it 166.33 times.

What is price band

DAM Capital Advisors' IPO is entirely an Offer for Sale (OFS), which means the money raised will go to the sellers. The company has fixed the price band of Rs 269-283 per share for the IPO. Investors can bid in a lot of 53 shares.

Gray Market Premium (GMP) continues to shine

On Monday, the unlisted shares of DAM Capital Advisors were trading at Rs 160 per share. This represents a grey market premium of 55% over the upper price band of Rs 283.

today was the last date

The IPO opened on December 19 and closed on December 23. The IPO allotment is expected on December 24 and listing on December 27 on BSE and NSE.

What DAM Capital Advisors does

DAM Capital Advisors is one of India's leading investment banking companies. It offers a range of services including equity capital markets, mergers and acquisitions, private equity, structured financial advisory and broking and research.

The company's total income grew at a CAGR of 38.77% to Rs 182 crore between FY22-FY24. The company has successfully completed 72 equity capital market transactions so far.