Dam Capital IPO GMP: After the bidding process of Dam Capital Advisor's IPO is over, the stock market is now ready to trade from December 27. The shares of this company are trading much above the upper price band in the grey market. Investors are expecting huge returns from this. This stock can make investors rich even in the long term.

After the public issue of Dam Capital Advisor from 19 December to 23 December, investors are waiting with hope for the trading of this company in the stock market from 27 December. Its grey market premium is running at Rs 155. Due to this, its shares are expected to be listed at the rate of Rs 438 per share. In such a situation, it may jump 54.77 percent from the upper price band of the IPO of Rs 283.

Allotment of shares was finalized on 24 December

The allotment of shares of DAM Capital Advisor's IPO was finalized on 24 December. Updates on the allotment of its shares can be obtained on the website of BSE or Link Intime India Private Limited. DAM Capital is preparing to raise Rs 840 crore 25 lakh through an offer for sale of its 2 crore 97 lakh equity shares. 

 The IPO closed with 81.88 times subscription

Dam Capital's IPO closed on December 23 with a total subscription of 81.88 times. In the case of retail investors, it is 26.8 times, in the case of qualified institutional buyers, it is 166.33 times and in the case of non-institutional investors, it is 98.47 times. Link Intime India Private Limited is playing the role of registrar in this. Nuvama Wealth Management has played the role of book running lead manager of Dam Capital Advisor's IPO.