DAM Capital Advisors Share Price:  DAM Capital Advisors' stock made a strong entry in the stock market today on 27 December. The company's stock was listed on BSE at a price of Rs 392.90 per share, which gave a return of more than 38.87. The company's share was listed on NSE at a price of Rs 393 and gave a return of 38.83 percent. Its issue price was kept at Rs 283 per share.

Great profits with great performance

DAM Capital Advisors Limited, led by investment banker Dharmesh Mehta, is one of the fastest growing merchant banking companies in the country. The company's excellent performance between FY22 and FY24 also earned good profits. During this period, its CAGR increased by 38.8 per cent, while the company's consolidated income before tax (EBITDA) grew from Rs 342.7 million to Rs 1030.2 million in FY24, reflecting a 73.4 per cent increase in CGR.

DAM shares listed on both stock exchanges

With the opening of the stock market today, its stock was listed in line with the market as experts and grey market premium (GMP) had indicated its listing at a premium of about 40-50 per cent. DAM Capital Advisors' IPO opened on December 19 and closed on December 23. Allotment of shares was finalised on December 24. DAM Capital Advisors' IPO was to be listed today. DAM Capital Advisors shares are listed on both BSE and NSE stock exchanges. 

The company's IPO got so many subscriptions on the third day

DAM Capital Advisors Limited's IPO is a book-built issue, through which the company raised Rs 840.25 crore. This is an offer for sale (OFS) of 2.97 crore shares altogether. The price band of DAM Capital Advisors Limited's IPO was fixed at Rs 269 to Rs 283 per share. According to NSE data, DAM Capital Advisors' IPO received 82.08 times subscription on the third day.

In the company's Rs 840.25 crore IPO, investors bid for 170 crore shares, while shares worth Rs 2.08 crore were offered. Its retail portion was booked 27.13 times, while QIB was subscribed 166.33 times and non-institutional investors (NIIs) completed their quota by a total of 98.62 times.

Nuvama Wealth Management was acting as the book running lead manager to DAM Capital Advisors Limited while the registrar to the offer is Link Intime India.