DAM Capital Advisors, one of India’s leading investment banks, captured a substantial 12.1% market share in Fiscal 2024, measured by the number of IPOs and QIPs it managed as a book-running lead manager. The company launched its Initial Public Offering (IPO) on December 19, 2024, with the bidding period concluding today, December 23, 2024.
IPO Details
The IPO is a book-built issue worth ₹840.25 crores, comprising entirely an Offer for Sale (OFS) of 2.97 crore shares. The price band was set at ₹269 to ₹283 per share.
- Bidding Period: December 19, 2024, to December 23, 2024
- Allotment Date: December 24, 2024
- Listing Date: December 27, 2024 (BSE & NSE)
- Book-Running Lead Manager: Nuvama Wealth Management Limited
- Registrar: Link Intime India Private Ltd
Note: Since this is an OFS, the company will not receive any proceeds. All funds will go to the selling shareholders.
Steps to Check IPO Allotment Status
On BSE Website
- Visit the IPO allotment page on the BSE website.
- Select the issue type as ‘Equity.’
- Choose ‘DAM Capital Advisors’ from the dropdown menu.
- Enter your application number or PAN (Permanent Account Number).
- Complete the captcha to verify you’re not a robot.
- Click ‘Search’ to view your allotment status.
On NSE Website
- Go to the NSE IPO bid verification page.
- Register if you’re a new user.
- Select ‘DAM Capital Advisors’ from the dropdown.
- Enter your application number.
- Click ‘Get Data’ to see your allotment details.
On Link Intime India Website
- Visit the Link Intime IPO Allotment page.
- From the list of IPOs, select ‘DAM Capital Advisors.’
- Choose one of the four options:
- Application number
- DP/Client ID
- PAN
- Account number/IFSC
- Click ‘Submit’ to check your allotment status.
Business Overview
DAM Capital Advisors Limited is one of India’s fastest-growing investment banks, achieving an impressive 12.1% market share in IPOs and QIPs during Fiscal 2024. Established after the acquisition of IDFC Securities in 2019, the company offers:
- Investment Banking Services:
- Equity Capital Markets
- Mergers & Acquisitions (M&A)
- Private Equity Advisory
- Institutional Equities:
- Broking
- Research
With a team of 115 professionals, many having over 18 years of experience, DAM Capital has successfully completed 67 equity capital market deals and 20 advisory mandates. Through its subsidiary, DAM Capital (USA) Inc., the company also serves US institutional investors, expanding its global footprint.
IPO Day 3 Subscription Status (As of December 23, 2024)
The DAM Capital Advisors IPO witnessed an overwhelming subscription of 81.88 times the total shares on offer by the close of bidding.
- Qualified Institutional Buyers (QIBs): 166.33 times
- Non-Institutional Investors (NIIs): 98.47 times
- Retail Investors: 26.80 times
- Employees’ Category: 40.09 times
Conclusion: With a strong market presence and robust subscription rates, DAM Capital Advisors’ IPO highlights its significant appeal among institutional and retail investors alike. The IPO listing on December 27, 2024, is highly anticipated.
