DAM Capital Advisors IPO Allotment Status: Check Application, Latest GMP & Listing Date
DAM Capital Advisors' Initial Public Offering (IPO) has been generating significant buzz, with the investment banker's share offering receiving a solid response from investors. As the company prepares to finalize the allotment of its shares, here’s everything you need to know about the IPO allotment, the latest grey market premium (GMP), and the tentative listing date.
IPO Allotment: What to Expect
The basis of allotment for DAM Capital Advisors' IPO is scheduled to be finalized today, December 24, 2024. Investors can expect to receive messages, alerts, or emails regarding the debit of funds or cancellation of their IPO mandate by December 26, 2024, at the latest.
The DAM Capital Advisors IPO was open for bidding between December 19 and December 23, 2024, offering shares in the price band of Rs 269-283 per share. The company aimed to raise Rs 840.25 crore, entirely through an offer-for-sale (OFS) of up to 2,96,90,900 equity shares. The issue was massively oversubscribed, receiving an overall subscription of 82.08 times.
The demand was particularly strong from Qualified Institutional Buyers (QIBs), whose portion was subscribed 166.33 times. Non-Institutional Investors (NIIs) also showed great interest, with their portion booked 98.62 times. Retail investors and employees contributed with oversubscriptions of 27.13 times and 40.55 times, respectively.
What is Grey Market Premium (GMP)?
Despite the volatile broader markets, the grey market premium (GMP) of DAM Capital Advisors' IPO has remained stable. The GMP is currently at Rs 170, which suggests a potential listing pop of up to 60% for investors. This indicates strong investor confidence in the company’s prospects post-listing.
Company Overview
DAM Capital Advisors is a Mumbai-based investment bank in India, offering a wide range of financial solutions in investment banking and institutional equities. The company has a solid track record, having successfully executed 72 Equity Capital Market (ECM) transactions over the years. With this IPO, DAM Capital Advisors aims to enhance its position in the market and expand its operations.
Important Dates and Allotment Process
The shares of DAM Capital Advisors are set to be listed on both the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) on Friday, December 27, 2024. As for checking your allotment status, here’s how you can do it:
How to Check Allotment Status
You can check your allotment status through the Bombay Stock Exchange (BSE) website or Link Intime India’s online portal, the registrar for the issue. Here’s how:
BSE Website:
- Visit BSE Allotment Status Page.
- Select "Equity" under issue type.
- Choose "DAM Capital Advisors Limited" from the drop-down menu under issue name.
- Enter your application number and PAN card ID.
- Click "I am not a Robot" and hit search.
Link Intime India Portal:
- Go to Link Intime India Allotment Status.
- Choose the IPO/FPO from the drop-down list (this will be available once the allotment is finalized).
- Select one of the options: Application number, Demat Account number, or PAN ID.
- Choose between ASBA and non-ASBA application type.
- Enter the required details and fill the captcha.
- Hit submit to view your allotment status.
Final Thoughts: What Investors Should Know
With strong interest from both institutional and retail investors, DAM Capital Advisors’ IPO has clearly captured attention in the market. The solid GMP and oversubscription reflect confidence in the company’s future, and the listing on December 27, 2024, will be eagerly awaited.
As always, it's essential to remember that investing in the stock market carries risks, and it's recommended to consult with a financial advisor before making any investment decisions.
Disclaimer: The information provided here is for informational purposes only and should not be considered as investment advice.
Reference from:-https://www.businesstoday.in/markets/ipo-corner/story/dam-capital-advisors-ipo-allotment-status-check-application-latest-gmp-listing-date-458345-2024-12-24