Fri Dec 27 15:55:46 UTC 2024: **DAM Capital Advisors IPO Oversubscribed 81 Times**

**Mumbai, December 27, 2024** – The initial public offering (IPO) of DAM Capital Advisors, a merchant banking and broking firm, was massively oversubscribed, closing at 81.8 times its size on its final day. The ₹845 crore offer for sale, where existing shareholders sold their stake, received a particularly strong response from Qualified Institutional Buyers (QIBs), who subscribed 166 times their allocation.

DAM Capital Advisors boasts a significant market share, holding 12.1% of the IPO and Qualified Institutional Placement (QIP) market based on the number of deals it led in fiscal year 2024, according to a Crisil report. The firm has assisted clients in raising over ₹25,648 crore through IPOs and ₹10,534 crore via QIPs in the last three fiscal years. Its revenue primarily stems from fees and commissions, with the merchant banking division contributing over 67% of its total revenue in FY24. The company employs 121 people.

The listing price for DAM Capital Advisors’ shares will be determined today, December 27, 2024. The IPO consisted of a book-building issue of 2.97 crore shares with a face value of ₹2 each.

**Disclaimer:** *This news article is for informational purposes only and does not constitute investment advice. Potential investors should conduct their own due diligence and consult with a financial advisor before making any investment decisions.*

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