Wed Dec 25 05:53:38 UTC 2024: ## DAM Capital Advisors IPO Oversubscribed 82 Times, Listing Expected Friday

**Mumbai, India** – DAM Capital Advisors’ initial public offering (IPO) concluded with overwhelming success, being oversubscribed a staggering 82.08 times. The ₹840.25 crore IPO, entirely an offer-for-sale (OFS) of 296.9 million equity shares, saw a price band of ₹269-283 per share. The three-day bidding period (December 19-23) attracted strong interest across investor categories, with Qualified Institutional Bidders (QIBs) subscribing 166.33 times their allotted quota. Non-institutional investors (NIIs) subscribed 98.62 times, retail investors 27.13 times, and employees 40.55 times.

The allotment of shares is scheduled to be finalized on December 24th, with investors receiving confirmation of fund debits or IPO mandate revocations by December 26th. The grey market premium (GMP) remains stable at ₹170, suggesting a potential listing pop of up to 60%. The Mumbai-based investment bank, which has completed 72 ECM transactions, is expected to list its shares on the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) on December 27th.

Investors can check their allotment status on the BSE website (https://www.bseindia.com/investors/appli_check.aspx) or the Link Intime India portal (https://linkintime.co.in/MIPO/Ipoallotment.html). Nuvama Wealth Management acted as the sole book-running lead manager, and Link Intime India served as the registrar.

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