DAM Capital Advisors shares made a strong debut on December 27, 2024, listing at Rs 393 on the NSE, reflecting a 38.87% premium over the issue price of Rs 283. On the BSE, the shares opened at Rs 392.90, showing a 38.83% premium. Investors who were allotted shares saw significant gains on listing day.
DAM Capital Advisors IPO GMP
DAM Capital Advisors IPO listing was slightly below grey market expectations. Before listing, the shares were trading at Rs 426 in the grey market, indicating a premium of Rs 143, or 50.53%, over the IPO’s upper price band of Rs 283. However, the actual listing price on the bourses was slightly lower than these expectations.
DAM Capital IPO Subscription Status
The DAM Capital Advisors IPO saw strong demand across categories, with the overall subscription rate at 82.08 times. Qualified Institutional Buyers (QIBs) bid 166.33 times the shares reserved for them, while Non-Institutional Investors subscribed 98.62 times. Retail Individual Investors (RIIs) subscribed 27.13 times, and employees subscribed 40.55 times. Notably, Foreign Institutional Investors (FIIs) and Domestic Financial Institutions (FIs) showed significant interest.
About DAM Capital IPO
DAM Capital Advisors Limited, established in 1993 and rebranded in 2020, is one of India’s leading investment banks offering a wide range of financial services including investment banking, equity capital markets, mergers and acquisitions advisory, and institutional equities.
The company has executed 67 ECM transactions, including 26 IPOs, and provides services to global clients across India, the USA, Europe, and other regions. DAM Capital’s revenue surged by 114% in FY2024, and its profit after tax rose by 713%. With a team of 115 employees, the company aims to strengthen its position in India’s capital markets.
DAM Captial IPO Financial Background
DAM Capital Advisors has shown strong financial growth, with revenue rising from ₹85.04 crore in 2023 to ₹182 crore in 2024, and profit after tax (PAT) increasing from ₹8.67 crore to ₹70.52 crore. The company’s assets grew from ₹1,201.16 crore in 2023 to ₹214.68 crore in 2024. As of September 2024, DAM Capital reported a revenue of ₹109.58 crore, PAT of ₹43.78 crore, and assets of ₹257.45 crore, reflecting its solid market position and growth potential.