Investment Banking/Capital Markets - Listed on 27 December 2024
DAM Capital Advisors (Investment Banking/Capital Markets) closed its IPO window in 2024 and listed on NSE and BSE on 27 December 2024 at an upper band issue price of Rs 283, opening at Rs 415.1 for a listing gain of +46.7% and closing day one at Rs 415.1 (+46.7% on closing basis). The IPO was subscribed 27.28x overall - QIB 80.75x, HNI/NII 14.24x, Retail 2.31x. The total issue size was Rs 840.25 Cr (Fresh Issue Rs 840.25 Cr, OFS Rs 0 Cr). IPO GMP data, subscription trends across Day 1 - Day 3 and Nifty performance around the listing window are detailed below.
Investment Banking/Capital Markets
DAM Capital Advisors operates in the Investment Banking/Capital Markets space. The company’s listed profile is shaped by its operating niche, customer demand and ability to convert that demand into steady cash flows. Investors should read its exchange filings alongside the headline listing numbers for a fuller view of the business.
Issue structure, listing outcome and context
The DAM Capital Advisors issue was offered at an upper price of Rs 283 and raised approximately Rs 840.25 crore. The final outcome reflected a mix of subscription demand, valuation, market conditions and the company’s own operating story. Fresh issue and offer-for-sale details, where available, are shown in the issue metrics below.
Number of times each investor category subscribed by close of Day 3.
How overall subscription built up across the three-day issue window.
Grey market premium (GMP) tracked day-by-day across the IPO window. Absolute GMP is the premium in rupees over the upper issue price; GMP % is that premium as a percent of the issue price.
| Day | GMP (Rs) | GMP % |
|---|---|---|
| Day 1 | Rs 20 | +6.36% |
| Day 2 | Rs 25 | +6.36% |
| Day 3 | Rs 18 | +6.36% |
| Day 4 | Rs 21 | +6.36% |
| Day 5 | Rs 18 | +7.42% |
Comparison between market-based GMP prediction and IPOGyani's AI-powered listing gain prediction.
How the broader market moved around the DAM Capital Advisors IPO window. Helpful for isolating how much of the listing gain came from company fundamentals vs. market tailwind.
DAM Capital Advisors IPO listed at +46.7% versus the upper issue price of Rs 283 on 27 December 2024.
DAM Capital Advisors IPO was subscribed 27.28x overall. QIB portion was subscribed 80.75x, HNI / NII 14.24x and Retail 2.31x.
IPO GMP started at Rs 20 on Day 1 and moved to Rs 18 by the close of the issue window. See the day-by-day GMP table above for the full trajectory.