Thu Dec 26 04:20:00 UTC 2024: ## DAM Capital Advisors IPO Oversubscribed 81.88 Times

**Mumbai, December 23, 2024** – DAM Capital Advisors Limited, a leading Indian investment bank holding a 12.1% market share in FY24 IPOs and QIPs, successfully concluded its initial public offering (IPO) today. The ₹840.25 crore offer for sale (OFS) of 2.97 crore shares, priced between ₹269 and ₹283 per share, was massively oversubscribed, attracting bids 81.88 times the number of shares on offer.

The IPO, which opened on December 19th, saw Nuvama Wealth Management Limited act as the book-running lead manager, while Link Intime India Private Ltd served as the registrar. No proceeds from the IPO will go to DAM Capital Advisors; all funds will go to the selling shareholders.

DAM Capital Advisors, formed in 2019 after the acquisition of IDFC Securities, boasts a strong track record, having completed 67 equity capital market deals and 20 advisory mandates since its inception. The company, with a team of 115 professionals, offers a diverse range of services including investment banking, institutional equities, and operates a US subsidiary, DAM Capital (USA) Inc., to serve international clients.

Share allotment is scheduled for December 24th, with the company expected to list on the Bombay Stock Exchange (BSE) and the National Stock Exchange of India (NSE) on December 27th.

**Disclaimer:** This news is solely for informational purposes. It does not constitute investment advice. [Link to RA disclaimer]

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