Dam Capital Advisors IPO GMP Updates: Know Whether You Should Apply or Not.
Posted by : sachet | Mon Dec 23 2024
Dam Capital Advisors IPO GMP
As per the latest update, Dam Capital Advisors IPO GMP stands at Rs 160 with a price band of Rs 283. Hence, investors can expect an estimated listing gain of 56.54%. As of now, the listing price is estimated to be Rs 443 per share.
It is essential to stay informed about the GMP (Grey Market Premium) updates on a daily basis. On the basis of the last 12 sessions, Dam Capital Advisors IPO remarked its lowest GMP of Rs 0 and highest GMP of Rs 170 per share. Refer to the table for GMP updates.
| Dates | GMP (in Rs) | Estimated Listing Price (in Rs) |
| 23-12-2024 | 160 | 443 |
| 22-12-2024 | 160 | 443 |
| 21-12-2024 | 160 | 443 |
| 20-12-2024 | 160 | 443 |
| 19-12-2024 | 170 | 453 |
| 18-12-2024 | 148 | 431 |
| 17-12-2024 | 108 | 391 |
| 16-12-2024 | 108 | 391 |
| 15-12-2024 | 0 | 283 |
| 14-12-2024 | 0 | 283 |
| 13-12-2024 | 0 | 283 |
| 12-12-2024 | 0 | 283 |
*Data is updated as of 23rd December 2024.
Dam Capital IPO Details
Dam Capital Advisors IPO is set to close for bidding today, on 23rd December 2024. It is a public issue that opened on 19th December 2024 and accumulated massive subscriptions from investors. The issue is subscribed 10.26 times as of now.
The issue is entirely an offer for the sale of around 2.97 crore shares worth Rs 840.25 crore. Have a look at the key details of Dam Capital Advisors IPO. Refer to the table below.
| IPO Open Date | 19th December 2024 |
| IPO Close Date | 23rd December 2024 |
| Lot Size | 53 shares |
| Shares Offered | 2,96,90,900 shares |
| Price Band | Rs 269 to Rs 283 |
| Listing | BSE & NSE |
| Issue Type | Offer For Sale |
| IPO Listing Date | 27th December 2024 |
Dam Capital Advisors IPO Subscription Status
Dam Capital Advisors IPO is oversubscribed due to potential expectations of investors. In the retail category, investors subscribed around 10.42 times by making bids for 10,80,64,827 shares against an offer of 1,03,67,315. However, QIB (Qualified Institutional Buyers) subscribed to this issue by 1.27 times.
NII (Non-Institutional Investors) category subscribed for Dam Capital Advisors IPO by 16.06 times by bidding for 7,13,57,239 shares against an offer of 44,43,135 shares. The growing rate of subscription may contribute to increasing listing gains expected from this issue.
About Company
Dam Capital Advisors Ltd. is engaged in offering financial solutions across investment banking and institutional equities. As of now, the company has served around 263 active clients across different nations like the USA, UK, Europe, Singapore, Australia, and South Africa.
With an employee base of over 121 members, Dam Capital Advisors recorded a 141% increase in its revenue for the year ended 31st March 2024. The market capitalisation of this company stands at Rs 2,000.41 crores.
Financial Details
| Year Ended | 31st March 2024 (in cr.) | 31st March 2023 (in cr.) | 31st March 2022 (in cr.) |
| Assets | 214.68 | 1201.16 | 166.72 |
| Borrowings | 4.93 | 3.29 | 1.41 |
| Revenue | 182 | 85.04 | 94.51 |
| Profit After Tax | 70.52 | 8.67 | 21.9 |
| Net Worth | 162.61 | 95.13 | 87.97 |
Dam Capital IPO Timelines
| IPO Open Date | 19th December 2024 |
| IPO Close Date | 23rd December 2024 |
| IPO Allotment Date | 24th December 2024 |
| Refund Initiation Date | 26th December 2024 |
| IPO Listing Date | 27th December 2024 |
Apply or Not?
Know whether to apply for or avoid Dam Capital Advisors IPO by analysing their pros and cons.
Pros
- Dam Capital Advisors Ltd. is focused on robust growth areas, including institutional broking and private equity advisory.
- The company has a huge customer base of 263 active clients in 11 foreign nations.
Cons
- It is an offer for sale as the IPO proceeds will not provide direct benefit to the organisation.
Experts verdicts to apply for Dam Capital Advisors IPO as it poised to offer impressive listing gains on 27th December 2024.
