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DAM Capital Advisors IPO Day 1: Issue fully booked on day 1. Check, GMP, review, other details.
Team Finance Saathi
19/Dec/2024
What's covered under the Article:
- All you need to know about the DAM Capital Advisors IPO, including its price band and subscription status.
- Analysis of the Grey Market Premium (GMP) and expected listing gains.
- Step-by-step guide on how to check your DAM Capital Advisors IPO allotment status.
DAM Capital Advisors is recognized as one of the fastest-growing investment banks in India by revenue CAGR from Fiscal 2022 to 2024, achieving the highest profit margin in Fiscal 2024 among its peers. With a market share of 12.1% based on the number of Initial Public Offerings (IPOs) and Qualified Institutional Placements (QIPs) undertaken as the book-running lead manager, DAM Capital Advisors has solidified its position as a key player in the Indian investment banking landscape.
The DAM Capital Advisors IPO is a book-built issue amounting to ₹840.25 Crores, entirely consisting of an Offer for Sale (OFS) of 2.97 Crores shares. The subscription for this IPO opens on December 19, 2024, and will close on December 23, 2024. The allotment of shares is expected to be finalized by December 24, 2024, with the shares to be listed on BSE and NSE on December 27, 2024.
The price band for the IPO is set between ₹269 and ₹283 per equity share. At the upper price band of ₹283, the market capitalization of DAM Capital Advisors is estimated to be ₹2,000.41 Crores. The lot size for the IPO is 53 shares, with retail investors required to invest a minimum of ₹14,999. For High-Net-Worth Individuals (HNIs), the minimum investment is ₹2,09,986, which is for 14 lots (742 shares).
The book-running lead manager for this IPO is Nuvama Wealth Management Limited, with Link Intime India Private Limited serving as the registrar.
DAM Capital Advisors IPO Grey Market Premium (GMP)
As of December 18, 2024, the Grey Market Premium (GMP) of DAM Capital Advisors IPO stands at ₹80, indicating a potential listing gain of 28.27%. However, it's important to note that GMP is speculative and dependent on demand and supply in the unorganized market, and should only be considered for informational purposes.
DAM Capital Advisors IPO Subscription Status
On the first day of the subscription period, as of 12:31 PM on December 19, 2024, the DAM Capital Advisors IPO was subscribed 1.00 times. This indicates a steady demand for the shares. Investors can monitor the live subscription status on the BSE website for real-time updates.
DAM Capital Advisors IPO Anchor Investors
DAM Capital Advisors has raised ₹251.48 Crores from anchor investors at a price of ₹283 per share. The company allocated 88,86,268 equity shares to these investors, signaling strong institutional interest in the IPO.
How to Check DAM Capital Advisors IPO Allotment Status
The allotment date for the DAM Capital Advisors IPO is December 24, 2024. Here’s how you can check the allotment status:
- Visit the registrar’s website.
- Select DAM Capital Advisors Limited IPO from the dropdown list.
- Enter your application number, PAN, or DP Client ID.
- Submit the details to check if you’ve been allotted shares.
Financial Performance and Valuation
DAM Capital Advisors has demonstrated significant growth, with revenues for the period ending September 30, 2024, reaching ₹1,077.52 Million. The EBITDA for the same period was ₹623.59 Million, and the Profit After Tax (PAT) stood at ₹437.80 Million.
The company’s pre-issue EPS is ₹9.98, and the post-issue EPS remains the same, reflecting stable earnings per share post-issue. The P/E ratio at the upper price band is 28.36x pre-issue and 28.37x post-issue, which is in line with the industry’s average of 24x. The company’s ROCE for FY24 is an impressive 72.7%, while the RoE is 58.72%, highlighting its strong profitability and efficient capital utilization.
Why Invest in DAM Capital Advisors IPO?
Given its solid financial performance, strong institutional backing, and the attractive pricing of the IPO, DAM Capital Advisors IPO is an appealing opportunity for risk-tolerant investors seeking short-term listing gains. With a strong track record and high market share in India’s IPO and QIP segment, DAM Capital Advisors is poised for further growth in the investment banking industry.
The Upcoming IPOs in this week and coming weeks are Ventive Hospitality, Senores Pharmaceuticals, Carraro India, Solar91 Cleantech, Unimech Aerospace, Rosmerta Digital, Indo Farm, and Avanse Financial.
The Current active IPO is Transrail Lighting, Mamata Machinery, DAM Capital Sanathan Textiles, Concord Enviro, Newmalayan Steel, Identical Brain Studios and NACDAC Infrastructure.