Tue Dec 24 08:39:25 UTC 2024: ## DAM Capital Advisors IPO Oversubscribed 81 Times, Allotment Due December 24

**Mumbai, December 24, 2024** – The initial public offering (IPO) of DAM Capital Advisors concluded on Monday, December 23, 2024, with an overwhelming response from investors. The ₹840.25 crore offer for sale (OFS) of 2.97 crore shares was subscribed a staggering 81.88 times overall.

Retail investors showed strong interest, subscribing 26.8 times the allocated shares. Qualified Institutional Buyers (QIBs) were even more enthusiastic, with subscriptions reaching 166.33 times the allotted amount. Non-Institutional Investors (NIIs) also participated significantly, subscribing 98.47 times.

The IPO, priced between ₹269 and ₹283 per share, saw a minimum investment of ₹14,999 for retail investors (53 shares). Allotment is expected on December 24th, and investors can check their status on the Bombay Stock Exchange (BSE) website or the Link Intime India Private Ltd website using their application number and PAN card.

The grey market premium (GMP) currently stands at ₹170, suggesting a potential listing price of ₹453 (₹283 + ₹170) and a potential gain of around 60.07%. The shares are expected to list on both the BSE and the National Stock Exchange (NSE) on Friday, December 27, 2024. Nuvama Wealth Management Limited acted as the book-running lead manager, while Link Intime India Private Ltd served as the registrar. The company itself will not receive any funds from this OFS.

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